1st Equity Bank Northwest

1330 Dundee Road
Buffalo Grove, IL 60089


General Bank Information

FDIC Insured Yes
FDIC Certificate # 57611
Date Established 2003
Assets $0.04 billion
Loans $0.03 billion
Deposits $0.03 billion
Capital $0.01 billion

1st Equity Bank Northwest is an FDIC insured institution located in Buffalo Grove, IL. It was founded in 2003 and has approximately $0.04 billion in assets.

For a more detailed analysis of 1st Equity Bank Northwest's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in 1st Equity Bank Northwest’s loan portfolio are Multifamily Mortgages, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Illinois, 1st Equity Bank Northwest has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 26.72
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 13.97
Construction and Development Loans 0.00
Commercial Real Estate 33.73
Commercial and Industrial Loans 4.85
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

6 Mo CD 10K
0.35% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA 0K
1.50% $1,000 - Learn MoreShow Less
Special: 12 Mo FIRA
1.50% $1,000 - Learn MoreShow Less
MM 2.5K
0.20% $1 $10,000 Learn MoreShow Less
MM 10K
0.50% $10,001 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for 1st Equity Bank Northwest

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Learn More
US Wide Financial
NMLS ID: 55028
License#: MC-5809
3.750% 3.750% -0.25 ($162) $1,158 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More

Note to 1st Equity Bank Northwest
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Financial Details

1st Equity Bank Northwest Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of 1st Equity Bank Northwest. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
1st Equity Bank Northwest U.S. Bank Average
29.42% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, 1st Equity Bank Northwest had $2,701,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,790,000 in equity and $390,000 in loans loss reserves. That gives it a Texas Ratio of 29.42%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
1st Equity Bank Northwest U.S. Bank Average
16.62% 8.58

1st Equity Bank Northwest has a Return on Equity of 16.62% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

1st Equity Bank Northwest U.S. Bank Average
22.86% 12.11

1st Equity Bank Northwest has a Capitalization of 22.86% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

1st Equity Bank Northwest Balance Sheet Analysis

As of June 30, 2017, 1st Equity Bank Northwest had assets of $38,452,000, loans of $32,229,000, and deposits of $29,560,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

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