First Federal Savings Bank (IL) Reviews and Rates

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Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

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Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

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Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

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Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

ffsbweb.com

815-434-3500

633 La Salle St
Ottawa, IL 61350

First Federal Savings Bank (IL) is headquartered in OTTAWA and is the 115^th largest bank in the state of Illinois. It is also the 1,971^st largest bank in the nation. It was established in 1889 and as of March of 2025, it had grown to 91 employees at 12 locations. First Federal Savings Bank (IL) has a B+ health rating.

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Health

B+

Data as of Q1 2025

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Health Grade Components

Overall
FDIC Certificate #	28924
Year Established	1889
Employees	91
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.06%
Return on Equity - YTD	0.57%
Annual Interest Income	$4.5MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$439.5MM$400.9MM
Loans	Q1 2025vs Q1 2024	$280.7MM$294.1MM
Deposits	Q1 2025vs Q1 2024	$345.3MM$312.7MM
Equity Capital	Q1 2025vs Q1 2024	$42.7MM$41MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$3.1MM$2.8MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$5.6MM$1.4MM
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Rates for First Federal Savings Bank (IL) are currently being reviewed.

Locations

Availability

Chicago Area

Chicago Area bank & credit union details

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