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Overview / Commentary
353 Bank Drive
Mchenry, IL 60050

McHenry Savings Bank is headquartered in Mchenry and is the 179th largest bank in the state of Illinois. It is also the 2,748th largest bank in the nation. It was established in 1955 and as of December of 2017, it had grown to 56 employees at 3 locations. McHenry Savings Bank has a D health rating.

Reviews (2)

Use Caution When Selecting This Bank

Posted by: Anonymous | Dec 27, 2011

McHenry Savings Bank has more than money problems, they have ethical problems as well. I spent almost three years fighting them in court for taking money out of my savings account (well into five figures). They used every excuse in the book to defend their actions. I finally got my money back and they had to pay all my attorney fees (about $10k), as well as their attorney fees (which by the way they went through 4 different attorney offices because they kept quitting). We found out a lot about them in the process and also discovered that I wasn't the only one suing them for unethical and illegal activity. I recently learned about the FDIC threatening them to raise capital, or they'll be shut down; I guess that would explain their need to steal money. Stay away from this bank - I selected one star for this bank only because the system made me. They don't deserve any stars.

Loan Department

Posted by: Anonymous | Mar 29, 2011

The Loan Department is very hard to work with.

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. McHenry Savings Bank has a negative return on equity.

Health Grade Components

FDIC Certificate #30864
Year Established1955
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.42%
Return on Equity - YTD-11.48%
Annual Interest Income$8.5MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$222.6MM$253.5MM
LoansQ4 2017vs Q4 2016$149.4MM$150.8MM
DepositsQ4 2017vs Q4 2016$184.4MM$230.9MM
Equity CapitalQ4 2017vs Q4 2016$8.0MM$9.2MM
Loan Loss AllowanceQ4 2017vs Q4 2016$1.7MM$1.8MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$4.6MM$4.9MM
Real Estate OwnedQ4 2017vs Q4 2016$2.5MM$3.0MM

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McHenry Savings Bank Locations
10520 North Main St Branch10520 North Main StreetRichmond, IL 60071
Mchenry Savings Bank353 Bank DriveMchenry, IL 60050
4000-M N. Wilmot Road Branch4000-M N. Wilmot RoadMchenry, IL 60051