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Illinois-Service Federal Savings and Loan Association

Overview / Commentary
773-624-2000
4619 S Martin L King Drive
Chicago, IL 60653

Illinois-Service Federal Savings and Loan Association is headquartered in Chicago and is the 296th largest bank in the state of Illinois. It is also the 4,342nd largest bank in the nation. It was established in 1934 and as of December of 2013, it had grown to 42 employees at 2 locations. Illinois-Service Federal Savings and Loan Association's money market rates are 36% higher than the national average, but it has a C health rating.

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Health

Data for Q4 2013

Institution Health

C

Texas Ratio

GRADE:
C-

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Illinois-Service Federal Savings and Loan Association had $5.62 million in non-current loans and owned real-estate with $10.56 million in equity and loan loss allowances on hand to cover it. This gives Illinois-Service Federal Savings and Loan Association a Texas Ratio of 53.25% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Illinois-Service Federal Savings and Loan Association increased slightly from 41.41% as of December 31, 2012 to 53.25% as of December 31, 2013, resulting in a negative change of 28.58%. This indicates that the balance sheet and financial strength for Illinois-Service Federal Savings and Loan Association has declined slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Illinois-Service Federal Savings and Loan Association has decreased its total deposits by -$1.05 million, resulting in -0.97% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Illinois-Service Federal Savings and Loan Association has shown is average.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Illinois-Service Federal Savings and Loan Association has $117.68 million in assets with $10.56 million in equity, resulting in a capitalization level of 8.98%, which is average.

Institution Statistics

Overall
FDIC Certificate #29399
Year Established1934
Employees42
Primary RegulatorOCC
Assets and Liabilities
Assets$117.68 million
Loans$53.01 million
Deposits$106.58 million
Equity Capital$7.74 million
Loan Loss Allowance$2.83 million
Unbacked Noncurrent Loans$4.71 million
Real Estate Owned$912,000
Historic Data - December 2012
Assets$135.05 million
Equity Capital$12.14 million
Loan Loss Allowance$2.56 million
Unbacked Noncurrent Loans$4.71 million
Real Estate Owned$299,000
Profit Margin - Quarterly
Net Interest Margin3.65%
Return on Assets-2.29%
Return on Equity-29.82%
Interest Income$5.11 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Illinois-Service Federal Savings and Loan Association, we are a rate comparison website and can not provide official rates or promotions.

Illinois-Service Federal Savings and Loan Association Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$1k-Passbook Savings
0.20%$1k-Statement Savings
0.15%--Moola Moola
0.15%$25-Student Passbook
0.15%$50-Vacation Club
0.15%$50-Christmas Club

Illinois-Service Federal Savings and Loan Association Money Market Rates

DetailsAPYMINMAXPRODUCT
0.60%$150k-SuperFlex MMDA
0.15%$2,500-MMDA

Illinois-Service Federal Savings and Loan Association Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$10k-Super NOW
0.10%$1k-NOW

Illinois-Service Federal Savings and Loan Association CD Rates

DetailsAPYMINMAXPRODUCT
0.70%$1k-5 Year CD
0.45%$5k-30 Month CD
0.45%$5k-3 Year CD
0.30%$5k-18 Month CD
0.25%$1k-1 Year CD
0.20%$1k-91 Day CD
0.20%$1k-182 Day CD

Illinois-Service Federal Savings and Loan Association IRA Rates

DetailsAPYMINMAXPRODUCT
0.70%$500-5 Year Education IRA
0.70%$500-5 Year Roth IRA
0.70%$1k-5 Year IRA
0.45%$5k-30 Month IRA
0.45%$5k-3 Year IRA
0.30%$5k-18 Month IRA
0.25%$1k-1 Year IRA
0.20%$1k-91 Day IRA
0.20%$1k-182 Day IRA
Locations


Illinois-Service Federal Savings and Loan Association Locations
Illinois-Service Federal Savings and Loan Associat4619 S Martin L King DriveChicago, IL 60653
8700 S Martin Luther King Branch8700 S. Martin L Uth Er King Dr.Chicago, IL 60619