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Overview / Commentary
3156 S Morgan St
Chicago, IL 60608

Pulaski Savings Bank is headquartered in Chicago and is the 463rd largest bank in the state of Illinois. It is also the 6,075th largest bank in the nation. It was established in 1890 and as of March of 2014, it had grown to 10 employees at 1 location. Pulaski Savings Bank has a B health rating.

Reviews (1)

Soild, Won't Sell Mortgage

I Really appreciate this bank. One of the main reasons is they haven't, nor will they, sell my mortgage loan to another bank! I was fed up with the other bank that I worked with that financed my house mortgage. They sold it and later that bank sold it to another. It was with companies I had never heard of and were out-of -state! So when I would call about a question or issue, I felt I had to reacquaint the stranger on the other end with my situation. Pulaski Savings Bank knows my name and who I am when I call. Which is awesome! They have been helpful and have been spot on with their business. Yes, they don't have on-line banking, but they said they do not feel the security is there to be 100% safe from hackers/ cybercrime. I don't mind that for what I have to do. It gives me a peace of mind. So for things like a mortgage or IRA's or CD's or savings it really works well. I appreciate their business.


Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Pulaski Savings Bank has a low asset base.

Texas Ratio


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 Pulaski Savings Bank had $171,000 in non-current loans and owned real-estate with $4.56 million in equity and loan loss allowances on hand to cover it. This gives Pulaski Savings Bank a Texas Ratio of 3.75% 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 Pulaski Savings Bank decreased dramatically from 13.32% as of March 31, 2013 to 3.75% as of March 31, 2014, resulting in a positive change of 71.84%.This indicates that the balance sheet and financial strength for Pulaski Savings Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Pulaski Savings Bank has decreased its total deposits by $-726,000, resulting in -1.74% 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 Pulaski Savings Bank has shown is average.



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. Pulaski Savings Bank has $45.73 million in assets with $4.56 million in equity, resulting in a capitalization level of 9.97%, which is above average.

Institution Statistics

FDIC Certificate #28611
Year Established1890
Primary RegulatorFDIC
Assets and Liabilities
Assets$45.73 million
Loans$23.08 million
Deposits$41.09 million
Equity Capital$4.44 million
Loan Loss Allowance$121,000
Unbacked Noncurrent Loans$171,000
Real Estate Owned$0
Historic Data - March 2013
Assets$47.40 million
Equity Capital$5.53 million
Loan Loss Allowance$631,000
Unbacked Noncurrent Loans$171,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.11%
Return on Assets-0.52%
Return on Equity-5.44%
Interest Income$403,000

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Pulaski Savings Bank Locations
Pulaski Savings Bank3156 S Morgan StChicago, IL 60608