Liberty Bank for Savings (IL)

2403 Homer Adams Pkwy
Alton, IL 62002
(618) 462-7000
www.bankliberty.com

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Liberty Bank for Savings (IL) is headquartered in Chicago and is the 47^th largest bank in the state of Illinois. It is also the 767^th largest bank in the nation. It was established in 1898 and as of September of 2011, it had grown to 121 employees at 5 locations. Liberty Bank for Savings (IL)'s savings rates are 44% higher than the national average, and it boasts a 5-star health rating.

Updates to the List of Nationally Available Reward Checking Accounts - 1/6/2011

The list of nationally available reward checking accounts has shrunk again. Liberty Bank 's reward checking is still offering 3.01% APY on balances up to $25K (as of 1/6/11). It was one the very few n ...

High Demand of Reward Checking Accounts Forcing Banks to Reduce Availability - 12/8/2010

In the last few months we've seen several changes for the worse in many reward checking accounts. I have a few more to report. I and several readers have been reporting on these changes as they occur ...

Best Reward Checking Accounts for Large Balance Caps - 11/29/2010

High-yield reward checking accounts that pay the top rates on large balances are rare these days. If you want a balance cap above $25K, it's hard to find, and if you do find one, you may not be happy ...

High-Yield Reward Checking Account at an Illinois Bank (Liberty) - 12/19/2007

Update 11/09/09: The top yield has fallen to 3.51% APY. Please see bottom of the post for the rate history.Liberty Bank is offering a reward checking called eSmart Checking that pays 3.51% APY on balances up to $25,000 (1.25% for over) and refunds ATM...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Liberty Bank for Savings (IL) Checking Account Rates

Apy	Min	Max	Product
2.76%	-	$10k	Kasasa Cash - Qualifying
0.10%	-	-	Kasasa Cash - Non Qualifying
0.03%	-	-	NOW Accounts (Liberty "Gold" Checking)

Liberty Bank for Savings (IL) Savings Account Rates

Apy	Min	Max	Product
0.75%	-	$100k	Kasasa Saver - Qualifying
0.40%	$30k	-	Liberty Investor Savings
0.35%	$10k	-	Health Savings Account
0.10%	-	-	Kasasa Saver - Non Qualifying
0.06%	-	-	Personal Savings
0.06%	-	-	Minor/Student Savings
0.06%	-	-	Business Savings

Liberty Bank for Savings (IL) Money Market Rates

	Apy	Min	Max	Product
	0.20%	$50k	-	Liquid Money Market Account

Liberty Bank for Savings (IL) CD Rates

Apy	Min	Max	Product
1.81%	$1k	-	60 Month CD
1.61%	$1k	-	48 Month CD
1.21%	$1k	-	36 Month CD
0.90%	$1k	-	30 Month CD
0.80%	$1k	-	24 Month CD
0.70%	$1k	-	18 Month CD
0.65%	$100k	-	52 Week CDARS
0.50%	$1k	-	12 Month CD
0.35%	$100k	-	26 Week CDARS
0.20%	$1k	-	3 Month CD
0.20%	$1k	-	6 Month CD
0.15%	$1k	-	1 Month CD

Liberty Bank for Savings (IL) IRA Rates

Apy	Min	Max	Product
1.81%	$1k	-	60 Month IRA
1.81%	$1k	-	60 Month Roth IRA
1.81%	$1k	-	60 Month CESA
1.61%	$1k	-	48 Month IRA
1.61%	$1k	-	48 Month Roth IRA
1.61%	$1k	-	48 Month CESA
1.21%	$1k	-	36 Month IRA
1.21%	$1k	-	36 Month Roth IRA
1.21%	$1k	-	36 Month CESA
0.90%	$1k	-	30 Month IRA
0.90%	$1k	-	30 Month Roth IRA
0.90%	$1k	-	30 Month CESA
0.80%	$1k	-	24 Month IRA
0.80%	$1k	-	24 Month Roth IRA
0.80%	$1k	-	24 Month CESA
0.75%	$1k	-	18 Month Variable Rate IRA
0.75%	$1k	-	18 Month Variable Rate Roth IRA
0.75%	$1k	-	18 Month Variable Rate CESA
0.70%	$1k	-	18 Month IRA
0.70%	$1k	-	18 Month Roth IRA
0.70%	$1k	-	18 Month CESA
0.50%	$1k	-	12 Month IRA
0.50%	$1k	-	12 Month Roth IRA
0.50%	$1k	-	12 Month CESA
0.20%	$1k	-	3 Month IRA
0.20%	$1k	-	6 Month IRA
0.20%	$1k	-	3 Month Roth IRA
0.20%	$1k	-	6 Month Roth IRA
0.20%	$1k	-	3 Month CESA
0.20%	$1k	-	6 Month CESA
0.15%	$1k	-	1 Month IRA
0.15%	$1k	-	1 Month Roth IRA
0.15%	$1k	-	1 Month CESA

Rates updated: 2/8/2012

Data for Q3 2011

Institution Statistics

Liberty Bank for Savings
FDIC Certificate #	29009
BankRate Report	View
Year Established	1898
Employees	121
Primary Regulator	FDIC
Assets and Liabilities
Assets	$862.11 million
Loans	$278.73 million
Deposits	$668.66 million
Equity Capital	$179.87 million
Loan Loss Allowance	$3.55 million
Unbacked Noncurrent Loans	$10.74 million
Real Estate Owned	$365,000
Historic Data - September 2010
Assets	$861.10 million
Equity Capital	$175.27 million
Loan Loss Allowance	$3.40 million
Unbacked Noncurrent Loans	$12.06 million
Real Estate Owned	$811,000
Profit Margin - Quarterly
Net Interest Margin	2.87%
Return on Assets	0.5%
Return on Equity	2.48%
Interest Income	$23.63 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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 September 30, 2011 Liberty Bank for Savings (IL) had $11.11 million in non-current loans and owned real-estate with $183.42 million in equity and loan loss allowances on hand to cover it. This gives Liberty Bank for Savings (IL) a Texas Ratio of 6.06% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Liberty Bank for Savings (IL) decreased slightly from 7.21% as of September 30, 2010 to 6.06% as of September 30, 2011, resulting in a positive change of 15.97%.This indicates that the balance sheet and financial strength for Liberty Bank for Savings (IL) has improved slightly in recent periods.
Deposit Growth
In the past year, Liberty Bank for Savings (IL) has decreased its total deposits by -$2.68 million, resulting in -0.4% 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 Liberty Bank for Savings (IL) has shown is average.
Capitalization
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. Liberty Bank for Savings (IL) has $862.11 million in assets with $183.42 million in equity, resulting in a capitalization level of 21.28%, which is excellent.