ABC Bank

Headquarters

6400 W. North Avenue
Chicago, IL 60707
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD N.A. 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

ABC Bank is an FDIC insured institution located in Chicago, IL. It was founded in 1891 and has approximately $0.33 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 11694
Date Established 1891
Assets $ 343.11 million
Loans $ 233.68 million
Deposits $ 251.09 million
Capital $ 39.93 million
 

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

Deposit Rates - July 10, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - July 10, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for ABC Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.950% 2.875% 1.00 $2,438 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
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PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
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Note to ABC Bank
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Branches

ABC Bank 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:
Fairfield,Connecticut


ABC Bank Locations


Financial Details

ABC Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of ABC Bank. 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
ABC Bank U.S. Bank Average
13.65% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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, 2020, ABC Bank had $5,012,000 in non-current loans and $1,027,000 in owned real estate. To cover these potential losses it had $39,929,000 in equity and $4,315,000 in loans loss reserves. That gives it a Texas Ratio of 13.65%.

Return on Equity
ABC Bank U.S. Bank Average
6.23% 7.80%

ABC Bank has a Return on Equity of 6.23% versus the BestCashCow average of 7.80%. 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
ABC Bank U.S. Bank Average
11.64% 12.68%

ABC Bank has a Capitalization of 11.64% versus the BestCashCow average of 12.68. 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.

ABC Bank Balance Sheet Analysis

As of March 31, 2018, ABC Bank had assets of $334,325,000, loans of $233,684,000, and deposits of $251,092,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 13.18 million
Interest-bearing balances $ 11.71 million
Total securities $ 73.25 million
Federal funds sold and reverse repurchase $ 2.50 million
Net loans and leases $ 233.68 million
Loan loss allowance $ 4.32 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.03 million
Goodwill and other intangibles N.A.
All other assets $ 3.80 million
     Total Assets $ 294.40 million
LIABILITIES
Total deposits $ 251.09 million
      Interest-bearing deposits $ 192.05 million
      Deposits held in domestic offices $ 251.09 million
      % insured (estimated) 75.06%
Federal funds purchased and repurchase agreements $ 7.12 million
Trading liabilities N.A.
Other borrowed funds $ 34.75 million
Subordinated debt N.A.
All other liabilities $ 1.43 million
      Total Liabilities $ 294.40 million
      Shareholders’ Equity $ 48.71 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.61 million
Total Interest Expense $ 0.59 million
Net interest income $ 3.02 million
Provision for loan and lease losses $ 0.23 million
Total non interest income $ 0.32 million
Total non interest expense $ 2.42 million
Pre-tax Net Operating Income $ 0.69 million

Bank Loan Profile?

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

Compared to other banks in Illinois, ABC Bank has a significantly higher percent of Multifamily Mortgages, Construction and Development Loans, Commercial Real Estate 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 13.25
Multifamily
Mortgages
21.95
Credit Card Loans 0.00
Consumer Auto Loans 0.05
Small Business Loans 0.00
Construction and Development Loans 7.49
Commercial Real Estate 56.87
Commercial and Industrial Loans 1.47
Farm Loans 0.00

Frequently Asked Questions About Abc Bank

Branches and Savings

Is Abc Bank FDIC insured?

Yes. It is covered under FDIC Certificate #11694.

Why does Abc Bank pay such low interest on savings accounts?

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

Why are Abc Bank CD rates not competitive?

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

Is Abc Bank a commercial bank?

Yes

Where are Abc Bank locations?

See branch locations nearby.

Is Abc Bank open on Saturdays?

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Products

Does Abc Bank offer mortgages?

Compare mortgage rates here.

Does Abc Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Abc Bank offer personal loans?

Compare personal loan rates here.

Does Abc Bank offer student loans?

Will Abc Bank cash a check?

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Background on The Bank

Who owns Abc Bank?

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