The Federal Savings Bank is headquartered in Overland Park and is the 83rd largest bank in the state of Kansas. It is also the 3,614st largest bank in the nation. It was established in 2000 and as of September of 2013, it had grown to 512 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.
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!
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 September 30, 2013 The Federal Savings Bank had $425,000 in non-current loans and owned real-estate with $24.27 million in equity and loan loss allowances on hand to cover it. This gives The Federal Savings Bank a Texas Ratio of 1.75% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for The Federal Savings Bank decreased dramatically from 3.17% as of September 30, 2012 to 1.75% as of September 30, 2013, resulting in a positive change of 44.80%.This indicates that the balance sheet and financial strength for The Federal Savings Bank has improved dramatically in recent periods.
In the past year, The Federal Savings Bank has decreased its total deposits by -$32.18 million, resulting in -19.66% 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.
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 $157.93 million in assets with $24.27 million in equity, resulting in a capitalization level of 15.37%, which is excellent.
|FDIC Certificate #||35518|
|Assets and Liabilities|
|Equity Capital||$24.06 million|
|Loan Loss Allowance||$212,000|
|Unbacked Noncurrent Loans||$106,000|
|Real Estate Owned||$319,000|
|Historic Data - September 2012|
|Equity Capital||$15.11 million|
|Loan Loss Allowance||$238,000|
|Unbacked Noncurrent Loans||$106,000|
|Real Estate Owned||$349,000|
|Profit Margin - Quarterly|
|Net Interest Margin||2.61%|
|Return on Assets||1.68%|
|Return on Equity||14.11%|
|Interest Income||$4.41 million|
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.
|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|
|0.70%||$100k||-||2 Year Jumbo CD|
|0.65%||$500||-||2 Year CD|
|0.65%||$100k||-||18 Month Jumbo CD|
|0.60%||$500||-||18 Month CD|
|0.55%||$100k||-||1 Year Jumbo CD|
|0.50%||$500||-||1 Year CD|
|0.35%||$100k||-||6 Month Jumbo CD|
|0.30%||$500||-||6 Month CD|
|0.25%||$100k||-||3 Month Jumbo CD|
|0.20%||$500||-||3 Month CD|
|1.35%||$500||-||5 Year IRA|
|1.05%||$500||-||4 Year IRA|
|0.90%||$500||-||3 Year IRA|
|0.65%||$500||-||2 Year IRA|
|0.60%||$500||-||18 Month IRA|
|0.50%||$500||-||1 Year IRA|
|0.30%||$500||-||6 Month IRA|
|0.20%||$500||-||3 Month IRA|
|The Federal Savings Bank Locations|
|Chicago Branch||300 North Elizabeth Street, Floor 3e||Chicago, IL 60607|
|The Federal Savings Bank||7900 College Boulevard||Overland Park, KS 66210|