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877-305-7070
2392 N Milwaukee Avenue
Chicago, IL 60647

Liberty Bank for Savings (IL) is headquartered in Chicago and is the 50th largest bank in the state of Illinois. It is also the 823rd largest bank in the nation. It was established in 1898 and as of March of 2014, it had grown to 114 employees at 5 locations. Liberty Bank for Savings (IL) has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Liberty Bank for Savings (IL) had $10.76 million in non-current loans and owned real-estate with $185.26 million in equity and loan loss allowances on hand to cover it. This gives Liberty Bank for Savings (IL) a Texas Ratio of 5.81% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Liberty Bank for Savings (IL) decreased dramatically from 8.69% as of March 31, 2013 to 5.81% as of March 31, 2014, resulting in a positive change of 33.15%.This indicates that the balance sheet and financial strength for Liberty Bank for Savings (IL) has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Liberty Bank for Savings (IL) has decreased its total deposits by -$14.26 million, resulting in -2.19% 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

GRADE:
A+

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 $828.11 million in assets with $185.26 million in equity, resulting in a capitalization level of 22.37%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #29009
Year Established1898
Employees114
Primary RegulatorFDIC
Assets and Liabilities
Assets$828.11 million
Loans$316.64 million
Deposits$635.55 million
Equity Capital$180.66 million
Loan Loss Allowance$4.61 million
Unbacked Noncurrent Loans$10.51 million
Real Estate Owned$246,000
Historic Data - March 2013
Assets$847.49 million
Equity Capital$183.49 million
Loan Loss Allowance$5.28 million
Unbacked Noncurrent Loans$10.51 million
Real Estate Owned$329,000
Profit Margin - Quarterly
Net Interest Margin2.54%
Return on Assets0.41%
Return on Equity1.88%
Interest Income$5.86 million
Rates

Sorry, we do not have rate data for Liberty Bank for Savings (IL)

Locations


Liberty Bank for Savings (IL) Locations
Park Ridge Office1018 West Touhy AvenuePark Ridge, IL 60068
Liberty Bank For Savings2392 N Milwaukee AvenueChicago, IL 60647
Norwood Office6210 North Milwaukee AvenueChicago, IL 60646
Lincolnwood Office6666 North Lincoln AvenueLincolnwood, IL 60712
Foster Office7111 West Foster AvenueChicago, IL 60656