First Federal Savings Bank (IL)
First Federal Savings Bank (IL) is headquartered in Ottawa and is the 115th largest bank in the state of Illinois. It is also the 1,881st largest bank in the nation. It was established in 1889 and as of June of 2017, it had grown to 115 employees at 12 locations. First Federal Savings Bank (IL) has a B+ health rating.
Overdraft Issue
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!
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 28924 |
| Year Established | 1889 |
| Employees | 115 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.32% |
| Return on Equity - YTD | 2.92% |
| Annual Interest Income | $5.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $363.6MM$372.4MM |
| Loans | Q2 2017vs Q2 2016 | $245.4MM$255.1MM |
| Deposits | Q2 2017vs Q2 2016 | $318.4MM$324.3MM |
| Equity Capital | Q2 2017vs Q2 2016 | $40.9MM$39.6MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $2.1MM$2.8MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $4.1MM$5.5MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $593.00K$943.00K |
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