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 March of 2020, it had grown to 107 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 - YTD0.04%
Return on Equity - YTD0.39%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$378.5MM$370.9MM
LoansQ1 2020vs Q1 2019$234.2MM$230.6MM
DepositsQ1 2020vs Q1 2019$330.4MM$323.9MM
Equity CapitalQ1 2020vs Q1 2019$43.6MM$42.6MM
Loan Loss AllowanceQ1 2020vs Q1 2019$1.4MM$1.5MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$1.1MM$1.6MM
Real Estate OwnedQ1 2020vs Q1 2019$159.00K$172.00K

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