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913-928-6188
7900 College Blvd.
Overland Park, KS 66210

The Federal Savings Bank is headquartered in Overland Park and is the 93rd largest bank in the state of Kansas. It is also the 3,857th largest bank in the nation. It was established in 2000 and as of December of 2013, it had grown to 530 employees at 2 locations. The Federal Savings Bank's money market rates are 36% higher than the national average, and it has a B+ health rating.

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Reviews (1)

The Federal Savings Bank Is A Scam!

 

Dwayne Jacobs called us on 4/26/13 to offer us a 2.5% refi rate. We filled out the paperwork, but he never contacted us; we always had to contact him. We paid for and received the appraisal. He promised us a closing date of 5/31/13 or before, but had not been in contact with us to set things up. We contacted him on 5/23 only to learn that we had not locked in on the rate and there was nothing he could do about it. Now we are out the appraisal fee and the rates have gone up! This bank is a scam - do not use them!

 



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A+

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 December 31, 2013 The Federal Savings Bank had $422,000 in non-current loans and owned real-estate with $23.97 million in equity and loan loss allowances on hand to cover it. This gives The Federal Savings Bank a Texas Ratio of 1.76% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for The Federal Savings Bank decreased slightly from 2.01% as of December 31, 2012 to 1.76% as of December 31, 2013, resulting in a positive change of 12.40%.This indicates that the balance sheet and financial strength for The Federal Savings Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
F

In the past year, The Federal Savings Bank has decreased its total deposits by -$52.78 million, resulting in -31.37% 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 The Federal Savings Bank has shown is poor.

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. The Federal Savings Bank has $141.77 million in assets with $23.97 million in equity, resulting in a capitalization level of 16.91%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #35518
Year Established2000
Employees530
Primary RegulatorOCC
Assets and Liabilities
Assets$141.77 million
Loans$119.29 million
Deposits$115.45 million
Equity Capital$23.76 million
Loan Loss Allowance$214,000
Unbacked Noncurrent Loans$103,000
Real Estate Owned$319,000
Historic Data - December 2012
Assets$237.82 million
Equity Capital$22.18 million
Loan Loss Allowance$208,000
Unbacked Noncurrent Loans$103,000
Real Estate Owned$329,000
Profit Margin - Quarterly
Net Interest Margin2.67%
Return on Assets1.19%
Return on Equity9.4%
Interest Income$5.65 million
Rates

Always verify rates and promotions with the bank or credit union. We are not The Federal Savings Bank, we are a rate comparison website and can not provide official rates or promotions.

The Federal Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100-Savings Account

The Federal Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.60%$100k-Money Market

The Federal Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100-Interest Checking

The Federal Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.40%$100k-5 Year Jumbo CD
1.35%$500-5 Year CD
1.10%$100k-4 Year Jumbo CD
1.05%$500-4 Year CD
0.95%$100k-3 Year Jumbo CD
0.90%$500-3 Year CD
0.85%$100k-2 Year Jumbo CD
0.80%$500-2 Year CD
0.80%$100k-18 Month Jumbo CD
0.75%$500-18 Month CD
0.70%$100k-1 Year Jumbo CD
0.65%$500-1 Year CD
0.40%$100k-6 Month Jumbo CD
0.35%$500-6 Month CD
0.25%$100k-3 Month Jumbo CD
0.20%$500-3 Month CD

The Federal Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.35%$500-5 Year IRA
1.05%$500-4 Year IRA
0.90%$500-3 Year IRA
0.80%$500-2 Year IRA
0.75%$500-18 Month IRA
0.65%$500-1 Year IRA
0.35%$500-6 Month IRA
0.20%$500-3 Month IRA
Locations


The Federal Savings Bank Locations
Chicago Branch300 North Elizabeth Street, Floor 3eChicago, IL 60607
The Federal Savings Bank7900 College BoulevardOverland Park, KS 66210