First Savings Bank of Hegewisch is headquartered in Chicago and is the 64th largest bank in the state of Illinois. It is also the 1,188th largest bank in the nation. It was established in 1914 and as of June of 2022, it had grown to 105 employees at 14 locations. First Savings Bank of Hegewisch's money market rates are 2X the national average, and it boasts an A+ health rating.
1960S Banking At Its Worst
It’s a small neighborhood bank.
Pros - most of the employees know you and will go out of their way to help.
Cons - Welcome to 1960s banking
If you have a problem with a purchase they don’t have your back, the retailer is always right
They may not allow you to take money out of your account
They may not allow you to deposit money in your account
I can’t say if there are racist ideologies at the Lynwood location or not but after 30 years of banking there I was not allowed to deposit a $1400 personal check drawn from my other bank and was told I would have to open a savings account to make the deposit & no one capable of making the savings account was at work.
When I contacted the bank they lied about what had transpired. I am closing my account.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29809 |
| Year Established | 1914 |
| Employees | 105 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.44% |
| Return on Equity - YTD | 3.11% |
| Annual Interest Income | $9.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $802.1MM$774.5MM |
| Loans | Q2 2022vs Q2 2021 | $416.7MM$385.0MM |
| Deposits | Q2 2022vs Q2 2021 | $685.4MM$661.2MM |
| Equity Capital | Q2 2022vs Q2 2021 | $114.1MM$111.2MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $1.9MM$1.9MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $90.00K$664.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $75.00K$75.00K |
