Seaway Bank and Trust Company

645 East 87th Street
Chicago, IL 60619
773-487-4800
www.seawaybank.us

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Seaway Bank and Trust Company is headquartered in Chicago and is the 74^th largest bank in the state of Illinois. It is also the 1,184^th largest bank in the nation. It was established in 1965 and as of March of 2012, it had grown to 275 employees at 12 locations. Seaway Bank and Trust Company has a 2-star health rating.

Seaway Bank and Trust Company Routing Number: 071001216

4.06% 24-Month CD at Seaway Bank and Trust Company in Chicago - 1/9/2009

Seaway Bank and Trust Company has three competitive CDs called Super Savers. These include a 3.55% APY 12-month CD, a 3.80% APY 18-month CD and a 4.06% APY 24-month CD. Minimum deposit is $5,000. New money is required. These rates are listed in the...

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

Seaway Bank and Trust Company Checking Account Rates

Apy	Min	Max	Product
0.10%	$100	-	NOW Checking
0.10%	$100	-	Classic Club Plus
0.10%	$1,500	-	Non-Profit NOW
0.10%	$100	-	Classic Club

Seaway Bank and Trust Company Savings Account Rates

	Apy	Min	Max	Product
	0.15%	-	-	Regular Savings

Seaway Bank and Trust Company Money Market Rates

Apy	Min	Max	Product
0.35%	$100k	-	Platinum Money Market
0.10%	$1k	-	Money Market Account
0.10%	$1,500	-	Commercial Money Market

Seaway Bank and Trust Company CD Rates

Apy	Min	Max	Product
1.51%	$1k	-	5 Year CD
1.26%	$1k	-	4 Year CD
1.16%	$1k	-	3 Year CD
0.90%	$1k	-	2 Year CD
0.50%	$1k	-	1 Year CD
0.35%	$1k	-	182 Day CD
0.35%	$100k	-	1 Year Jumbo CD
0.25%	$100k	-	270 Day Jumbo CD
0.20%	$1k	-	92 Day CD
0.20%	$100k	-	60 Day Jumbo CD
0.20%	$100k	-	90 Day Jumbo CD
0.20%	$100k	-	120 Day Jumbo CD
0.20%	$100k	-	150 Day Jumbo CD
0.20%	$100k	-	180 Day Jumbo CD

Seaway Bank and Trust Company IRA Rates

Apy	Min	Max	Product
1.51%	$1k	-	5 Year IRA
1.51%	$1k	-	5 Year Roth IRA
1.26%	$1k	-	4 Year IRA
1.26%	$1k	-	4 Year Roth IRA
1.16%	$1k	-	3 Year IRA
1.16%	$1k	-	3 Year Roth IRA
0.90%	$1k	-	2 Year IRA
0.90%	$1k	-	2 Year Roth IRA
0.50%	$1k	-	1 Year IRA
0.50%	$1k	-	1 Year Roth IRA
0.35%	$100k	-	1 Year Jumbo IRA
0.35%	$1k	-	182 Day IRA
0.35%	$1k	-	182 Day Roth IRA
0.35%	$100k	-	1 Year Jumbo Roth IRA
0.25%	$100k	-	270 Day Jumbo IRA
0.25%	$100k	-	270 Day Jumbo Roth IRA
0.20%	$100k	-	60 Day Jumbo IRA
0.20%	$100k	-	90 Day Jumbo IRA
0.20%	$100k	-	120 Day Jumbo IRA
0.20%	$100k	-	150 Day Jumbo IRA
0.20%	$100k	-	180 Day Jumbo IRA
0.20%	$1k	-	92 Day IRA
0.20%	$100k	-	60 Day Jumbo Roth IRA
0.20%	$100k	-	90 Day Jumbo Roth IRA
0.20%	$1k	-	92 Day Roth IRA
0.20%	$100k	-	120 Day Jumbo Roth IRA
0.20%	$100k	-	150 Day Jumbo Roth IRA
0.20%	$100k	-	180 Day Jumbo Roth IRA

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

Seaway Bank and Trust Company
FDIC Certificate #	19328
BankRate Report	View
Year Established	1965
Employees	275
Primary Regulator	FDIC
Assets and Liabilities
Assets	$570.35 million
Loans	$280.97 million
Deposits	$509.20 million
Equity Capital	$44.03 million
Loan Loss Allowance	$6.24 million
Unbacked Noncurrent Loans	$24.59 million
Real Estate Owned	$896,000
Historic Data - March 2011
Assets	$687.76 million
Equity Capital	$47.52 million
Loan Loss Allowance	$4.96 million
Real Estate Owned	$1.45 million
Profit Margin - Quarterly
Net Interest Margin	3.79%
Return on Assets	0.24%
Return on Equity	3.13%
Interest Income	$5.82 million

Institution Health

Overall Score:

2 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 March 31, 2012 Seaway Bank and Trust Company had $25.49 million in non-current loans and owned real-estate with $50.27 million in equity and loan loss allowances on hand to cover it. This gives Seaway Bank and Trust Company a Texas Ratio of 50.70% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Seaway Bank and Trust Company increased slightly from 33.28% as of March 31, 2011 to 50.70% as of March 31, 2012, resulting in a negative change of 52.33%. This indicates that the balance sheet and financial strength for Seaway Bank and Trust Company has declined slightly in recent periods.
Deposit Growth
In the past year, Seaway Bank and Trust Company has decreased its total deposits by -$100.48 million, resulting in -16.48% 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 Seaway Bank and Trust Company has shown is poor.
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. Seaway Bank and Trust Company has $570.35 million in assets with $50.27 million in equity, resulting in a capitalization level of 8.81%, which is average.