Federated Bank

Overview / Commentary
107 North Chestnut
Onarga, IL 60955

Federated Bank is headquartered in Onarga and is the 292nd largest bank in the state of Illinois. It is also the 4,094th largest bank in the nation. It was established in 1918 and as of September of 2019, it had grown to 27 employees at 4 locations. Federated Bank has an A+ health rating.


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Federated Bank has a relatively low asset base.

Health Grade Components

FDIC Certificate #10464
Year Established1918
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD4.42%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$97.1MM$89.0MM
LoansQ3 2019vs Q3 2018$34.8MM$29.4MM
DepositsQ3 2019vs Q3 2018$85.3MM$79.2MM
Equity CapitalQ3 2019vs Q3 2018$11.6MM$9.7MM
Loan Loss AllowanceQ3 2019vs Q3 2018$323.00K$331.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$0$287.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Federated Bank Savings Account Rates

0.16%--Statement Savings Account
0.16%*$5k*$100mHealth Savings Account
OTHER TIERS: 0.04% Up to $1k | 0.12% $1k - $5k

Federated Bank Money Market Rates

0.30%*$100k*$100mMoney Market Account
OTHER TIERS: 0.20% $2.5k - $25k | 0.25% $25k - $100k

Federated Bank Checking Account Rates

0.20%*$25k*$100mNOW Account
OTHER TIERS: 0.10% $750 - $25k

Federated Bank CD Rates

1.15%$500-60 Month CD
1.10%$1k-17 Month CD Special
1.01%$500-48 Month CD
0.88%$500-36 Month CD
0.78%$500-24 Month CD
0.67%$500-18 Month CD
0.65%$1k-11 Month CD Special
0.61%$500-1 Year CD
0.45%$500-182 Day CD
0.40%$500-91 Day CD

Federated Bank IRA Rates

0.65%$100-30 Month Variable IRA Certificate
0.61%$100-1 Year Roth IRA Certificate

Federated Bank Locations
Federated Bank107 North ChestnutOnarga, IL 60955
Bradley Branch327 South Kinzie AvenueBradley, IL 60915
Chebanse FacilityFirst North and Chestnut StreetsChebanse, IL 60922
Loda FacilityOak and South First StreetsLoda, IL 60948

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