Washington Federal Bank for Savings is headquartered in Chicago and is the 286th largest bank in the state of Illinois. It is also the 4,167th largest bank in the nation. It was established in 1913 and as of December of 2013, it had grown to 16 employees at 2 locations. Washington Federal Bank for Savings' savings rates are 92% higher than the national average, and it boasts a A+ health rating.
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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 Washington Federal Bank for Savings had $0 in non-current loans and owned real-estate with $14.11 million in equity and loan loss allowances on hand to cover it. This gives Washington Federal Bank for Savings a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Washington Federal Bank for Savings has increased its total deposits by $4.73 million, resulting in 4.44% 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 Washington Federal Bank for Savings has shown is excellent.
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. Washington Federal Bank for Savings has $125.6 million in assets with $14.11 million in equity, resulting in a capitalization level of 11.23%, which is excellent.
|FDIC Certificate #||30570|
|Assets and Liabilities|
|Equity Capital||$13.58 million|
|Loan Loss Allowance||$534,000|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$11.76 million|
|Loan Loss Allowance||$519,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||4.85%|
|Return on Assets||1.47%|
|Return on Equity||14.38%|
|Interest Income||$6.70 million|
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|0.50%||$200||-||Roth IRA Savings|
|1.45%||$1k||-||60 Month CD|
|1.25%||$1k||-||48 Month CD|
|0.75%||$1k||-||36 Month CD|
|0.70%||$1k||-||11 Month CD|
|0.50%||$1k||-||30 Month CD|
|0.45%||$1k||-||24 Month CD|
|0.40%||$1k||-||18 Month CD|
|0.30%||$1k||-||12 Month CD|
|0.15%||$1k||-||6 Month CD|
|0.10%||$1k||-||91 Day CD|
|1.45%||$200||-||60 Month IRA (Traditional,Roth,CESA)|
|1.25%||$200||-||48 Month IRA (Traditional,CESA,Roth)|
|0.75%||$200||-||36 Month IRA (Traditional,Roth,CESA)|
|0.50%||$200||-||30 Month IRA (Traditional,Roth,CESA)|
|0.45%||$200||-||24 Month IRA (Traditional,Roth,CESA)|
|0.40%||$200||-||18 Month IRA (Traditional,CESA,Roth)|
|0.30%||$200||-||12 Month IRA (Traditional,Roth,CESA)|
|Washington Federal Bank for Savings Locations|
|West Taylor Branch||1410 West Taylor Street||Chicago, IL 60607|
|Washington Federal Bank For Savings||2869 South Archer Ave||Chicago, IL 60608|