GN Bank

Overview / Commentary

www.gnbank.net

773-624-2000

4619 S Martin L King Drive
Chicago, IL 60653

GN Bank is headquartered in Chicago and is the 295^th largest bank in the state of Illinois. It is also the 4,062^nd largest bank in the nation. It was established in 1934 and as of December of 2020, it had grown to 14 employees at 1 location. GN Bank has a C+ health rating.

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Site Is Down

Posted by: Anon456 | Jul 16, 2014

web site is down. Must open an account in person.

Comment

Health

C+

Data as of Q4 2020

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. GN Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	29399
Year Established	1934
Employees	14
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	-0.75%
Return on Equity - YTD	-7.9%
Annual Interest Income	$3.2MM

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$99.7MM$136.9MM
Loans	Q4 2020vs Q4 2019	$51.3MM$46.2MM
Deposits	Q4 2020vs Q4 2019	$85.0MM$126.1MM
Equity Capital	Q4 2020vs Q4 2019	$10.3MM$10.5MM
Loan Loss Allowance	Q4 2020vs Q4 2019	$719.00K$576.00K
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$1.9MM$2.1MM
Real Estate Owned	Q4 2020vs Q4 2019	$332.00K$0

Rates

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Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not GN Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

GN Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.01%	$500	-	Statement Savings
0.01%	$5	-	Moola Moola
0.01%	$25	-	Student Savings
0.01%	$5	-	Children's Savings

GN Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^*	$50k^*	-	SuperFlex MMDA
OTHER TIERS: 0.01% → $2.5k - $25k \| 0.03% → $25k - $50k
0.03%	$2.5k	-	MMDA

GN Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.03%	$10k	-	Super NOW
0.01%	$1k	-	NOW

GN Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%	$1k	-	5 Year CD
0.20%	$1k	-	3 Year CD
0.15%	$1k	-	30 Month CD
0.10%	$1k	-	1 Year CD
0.10%	$1k	-	18 Month CD
0.05%	$1k	-	91 Day CD
0.05%	$1k	-	182 Day CD

GN Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%	$1k	-	5 Year IRA
0.20%	$1k	-	3 Year IRA
0.15%	$1k	-	30 Month IRA
0.10%	$1k	-	18 Month IRA
0.10%	$1k	-	1 Year IRA
0.05%	$1k	-	91 Day IRA
0.05%	$1k	-	182 Day IRA

Locations

GN Bank Locations
Illinois-Service Federal Savings and Loan Associat	4619 S Martin L King Drive	Chicago, IL 60653

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