The Federal Savings Bank is headquartered in Chicago and is the 53rd largest bank in the state of Illinois. It is also the 909th largest bank in the nation. It was established in 2000 and as of March of 2021, it had grown to 1,825 employees at 2 locations. The Federal Savings Bank's money market rates are 36% higher than the national average, and it boasts an A+ health rating.
Great Refinance Experience...No Hassle
We refinanced our home with The Federal Savings Bank...What a Great Experience. No runarounds just the truth. Had been referred by a friend and glad we went with them. They were upfront with everything in the beginning and said what they would do and did what they said. They worked really hard, most everything was online, very easy. Great Rate with no hassle and a short start to finish. We closed, payoff in two days, we took out a little for home repairs that was deposited in two days, and can't say enough how much I highly recommend. No Scams here or High cost for pulling out a little for repairs.
Waste Of Time
I wasted an hour in an attempt to open a CD with this bank. They're incompetent and their website is for loans, not for purchasing CDs. If you want a CD they will mail you an application (SMH!).
Data as of Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35518 |
| Year Established | 2000 |
| Employees | 1825 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 7.8% |
| Return on Equity - YTD | 61.71% |
| Annual Interest Income | $7.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $1.08B$759.4MM |
| Loans | Q1 2021vs Q1 2020 | $885.6MM$678.0MM |
| Deposits | Q1 2021vs Q1 2020 | $862.7MM$603.2MM |
| Equity Capital | Q1 2021vs Q1 2020 | $154.8MM$109.5MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $2.4MM$1.6MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $4.0MM$3.9MM |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$194.00K |