South Central Bank

525 West Roosevelt Road
Chicago, IL 60607
312-491-7000
www.banksouthcentral.com

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South Central Bank is headquartered in Chicago and is the 191^st largest bank in the state of Illinois. It is also the 2,820^th largest bank in the nation. It was established in 1966 and as of March of 2012, it had grown to 52 employees at 5 locations. South Central Bank has a 3-star health rating.

Competitive CD Rates at South Central Bank in Chicago - Local Only - 4/12/2010

South Central Bank is offering a few fairly competitive CD rates. The most competitive is a 2.65% APY 36-month CD. Other notable ones include a 1.55% APY 12-month CD and a 2.25% APY 30-month CD. Mini ...

High-Yield CD Specials with Max Deposits up to $30K at South Central Bank in Chicago - Local Only - 11/9/2009

South Central Bank is offering several very competitive rates on its short-term CD specials. These specials are only available to new customers who are local to one of their branches. They're not listed on the bank's website. A reader mentioned them to...

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

South Central Bank Checking Account Rates

Apy	Min	Max	Product
0.15%	$200k	-	I-Check Checking Personal Deposit Account
0.12%	$50k	-	Money Market Business Checking
0.03%	$20k	-	Beyond Interest Personal Deposit Account

South Central Bank Savings Account Rates

Apy	Min	Max	Product
0.09%	$40k	-	Statement Savings
0.09%	$50k	-	Regular Passbook Account
0.09%	$100k	-	Royal Gold Passbook Account

South Central Bank Money Market Rates

	Apy	Min	Max	Product
	0.09%	$50k	-	Star Money Market Account

South Central Bank CD Rates

Apy	Min	Max	Product
1.90%	$10k	-	60 Month Silver Savings CD
1.75%	$10k	-	48 Month Silver Savings CD
1.50%	$10k	-	36 Month Silver Savings CD
1.35%	$10k	-	30 Month Silver Savings CD
0.90%	$10k	-	18 Month Silver Savings CD
0.70%	$10k	-	12 Month Silver Savings CD
0.45%	$10k	-	6 Month Silver Savings CD
0.45%	$100k	-	180 Day Jumbo CD
0.35%	$100k	-	120 Day Jumbo CD
0.25%	$100k	-	90 Day Jumbo CD
0.20%	$100k	-	60 Day Jumbo CD
0.15%	$100k	-	30 Day Jumbo CD

South Central Bank IRA Rates

Apy	Min	Max	Product
1.90%	$10k	-	60 Month Silver Savings IRA
1.75%	$10k	-	48 Month Silver Savings IRA
1.50%	$10k	-	36 Month Silver Savings IRA
1.35%	$10k	-	30 Month Silver Savings IRA
0.90%	$10k	-	18 Month Silver Savings IRA
0.70%	$10k	-	12 Month Silver Savings IRA
0.45%	$100k	-	180 Day Jumbo IRA
0.45%	$10k	-	6 Month Silver Savings IRA
0.35%	$100k	-	120 Day Jumbo IRA
0.25%	$100k	-	90 Day Jumbo IRA
0.20%	$100k	-	60 Day Jumbo IRA
0.15%	$100k	-	30 Day Jumbo IRA

Rates updated: 5/26/2012

Data for Q1 2012

Institution Statistics

South Central Bank, National Association
FDIC Certificate #	19536
BankRate Report	View
Year Established	1966
Employees	52
Primary Regulator	OCC
Assets and Liabilities
Assets	$226.40 million
Loans	$124.56 million
Deposits	$169.73 million
Equity Capital	$21.07 million
Loan Loss Allowance	$1.50 million
Unbacked Noncurrent Loans	$5.47 million
Real Estate Owned	$865,000
Historic Data - March 2011
Assets	$236.79 million
Equity Capital	$19.17 million
Loan Loss Allowance	$1.54 million
Unbacked Noncurrent Loans	$5.19 million
Real Estate Owned	$548,000
Profit Margin - Quarterly
Net Interest Margin	4.38%
Return on Assets	0.69%
Return on Equity	7.5%
Interest Income	$2.61 million

Institution Health

Overall Score:

3 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 South Central Bank had $6.33 million in non-current loans and owned real-estate with $22.57 million in equity and loan loss allowances on hand to cover it. This gives South Central Bank a Texas Ratio of 28.05% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for South Central Bank held steady from 26.53% as of March 31, 2011 to 28.05% as of March 31, 2012, resulting in a negative change of 5.73%. This indicates that the balance sheet and financial strength for South Central Bank has held steady in recent periods.
Deposit Growth
In the past year, South Central Bank has decreased its total deposits by -$9.28 million, resulting in -5.18% 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 South Central Bank 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. South Central Bank has $226.4 million in assets with $22.57 million in equity, resulting in a capitalization level of 9.97%, which is average.