1st Equity Bank Northwest

1330 Dundee Road
Buffalo Grove, IL 60089

 

2018 Overview

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 26.52
Multifamily
Mortgages
41.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 27.08
Commercial and Industrial Loans 6.28
Farm Loans 0.00

Deposit Rates - July 20, 2018

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
6 Mo CD 10K
0.35% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.55% $1,000 - Learn MoreShow Less
Special: 12 Mo FIRA
1.50% $1,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM2.5K
0.20% $2,500 $10,000 Learn MoreShow Less
MM 10K
0.50% $10,001 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
INTCK2.5K
0.01% $1,000 $9,999 Learn MoreShow Less

Loan Rates - July 20, 2018

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Triumph Bank
NMLS ID: 1339905
4.281% 4.250% 0.38 $938 $1,230 Learn More
HomeDirect Mortgage
NMLS ID: 420821
4.509% 4.500% 0.13 $367 $1,267 Learn More
Federated Mortgage Corp
NMLS ID: 101475
4.280% 4.250% 0.00 $890 $1,230 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.740% $291.47 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More

Note to 1st Equity Bank Northwest
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Branches

1st Equity Bank Northwest branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


1st Equity Bank Northwest Locations

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
29.19% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2018, 1st Equity Bank Northwest had $2,730,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,960,000 in equity and $394,000 in loans loss reserves. That gives it a Texas Ratio of 29.19%.

Return on Equity
1st Equity Bank Northwest U.S. Bank Average
2.64% 9.35%

1st Equity Bank Northwest has a Return on Equity of 2.64% versus the BestCashCow average of 9.35%. 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.

Capitalization
1st Equity Bank Northwest U.S. Bank Average
20.48% 12.01%

1st Equity Bank Northwest has a Capitalization of 20.48% versus the BestCashCow average of 12.01. 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 March 31, 2018, 1st Equity Bank Northwest had assets of $43,759,000, loans of $33,932,000, and deposits of $34,688,000. 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.

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.03 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.03 billion
LIABILITIES
Total deposits $0.03 billion
      Interest-bearing deposits $0.03 billion
      Deposits held in domestic offices $0.03 billion
      % insured (estimated) 94.92%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.03 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About 1st Equity Bank Northwest

Branches and Savings

Is 1st Equity Bank Northwest FDIC insured?

Yes. It is covered under FDIC Certificate #57611.

Why does 1st Equity Bank Northwest pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are 1st Equity Bank Northwest CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is 1st Equity Bank Northwest a commercial bank?

Yes

Where are 1st Equity Bank Northwest locations?

See branch locations nearby.

Is 1st Equity Bank Northwest open on Saturdays?

Is 1st Equity Bank Northwest open on Sundays?

What time does 1st Equity Bank Northwest open?

What time does 1st Equity Bank Northwest close?

Are 1st Equity Bank Northwest ATMs Open 24/7?

Do 1st Equity Bank Northwest ATMs accept cash deposits?

Can 1st Equity Bank Northwest customers use other ATMs?

Do 1st Equity Bank Northwest branches have notaries?

Will 1st Equity Bank Northwest notarize my document?

What address for 1st Equity Bank Northwest should I put for incoming ACH transfers?

Will the 1st Equity Bank Northwest branch print checks?

Do 1st Equity Bank Northwest checks expire?

Does 1st Equity Bank Northwest require US citizenship to open account?

Can 1st Equity Bank Northwest close my account?

Does 1st Equity Bank Northwest Report to credit bureaus?

Does 1st Equity Bank Northwest Use Equifax?

What is 1st Equity Bank Northwest's ACH Routing Number?

What is 1st Equity Bank Northwest's SWIFT code?

Products

Does 1st Equity Bank Northwest offer mortgages?

Compare mortgage rates here.

Does 1st Equity Bank Northwest offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does 1st Equity Bank Northwest offer personal loans?

Compare personal loan rates here.

Does 1st Equity Bank Northwest offer student loans?

Will 1st Equity Bank Northwest cash a check?

Will 1st Equity Bank Northwest redeem a savings bond?

Does 1st Equity Bank Northwest cash savings bonds?

Will 1st Equity Bank Northwest cash money orders?

Can 1st Equity Bank Northwest issue a money order?

Does 1st Equity Bank Northwest do currency exchange?

Background on The Bank

Who owns 1st Equity Bank Northwest?

How long has 1st Equity Bank Northwest been around?

Can 1st Equity Bank Northwest transfer to other banks?

Does 1st Equity Bank Northwest have quick pay?

Does 1st Equity Bank Northwest accept rolled coins?

Will 1st Equity Bank Northwest accept loose change?

Where is 1st Equity Bank Northwest headquarters?

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