First Federal Savings Bank (IL)

First Federal Savings Bank (IL)

Overview / Commentary
633 La Salle St
Ottawa, IL 61350

First Federal Savings Bank (IL) is headquartered in Ottawa and is the 105th largest bank in the state of Illinois. It is also the 1,862nd largest bank in the nation. It was established in 1889 and as of December of 2019, it had grown to 104 employees at 12 locations. First Federal Savings Bank (IL) has an A health rating.

Reviews (1)

Overdraft Issue

Posted by: |

A company made an unauthorized and unpermitted charge from my account which made the chaecking account overdrawn, I made the bank aware of it, but they just kept charging me overdraft fees, as more charges came through, lost $150.00 in a matter of hours, and was told it is "automatic", it is really dayrape, as the original ACH was not my fault at all, the company reversed the unaothorized charges but this Bank did not, I reported this situation to the BBB and the FTC, and will close all accounts accociated with this bank, including all the people I know having accounts with this bank, its just not fair!


Health Grade Components

FDIC Certificate #28924
Year Established1889
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.21%
Return on Equity - YTD1.82%
Annual Interest Income$12.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$371.8MM$364.8MM
LoansQ4 2019vs Q4 2018$230.9MM$230.6MM
DepositsQ4 2019vs Q4 2018$324.1MM$318.7MM
Equity CapitalQ4 2019vs Q4 2018$43.4MM$42.1MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.4MM$1.6MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.1MM$2.0MM
Real Estate OwnedQ4 2019vs Q4 2018$203.00K$175.00K

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