Allied First Bank,sb

Headquarters

3201 Orchard Rd
Oswego, IL 60543
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.91% →
1-Year CD 0.70% 0.85% →
2-Year CD 0.80% 0.95% →
5-Year CD 1.25% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Allied First Bank,sb is an FDIC insured institution located in Oswego, IL. It was founded in 1994 and has approximately $0.11 billion in assets.

FDIC Insured Yes
FDIC Certificate # 55130
Date Established 1994
Assets $ 109.14 million
Loans $ 71.64 million
Deposits $ 94.20 million
Capital $ 14.11 million
 

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

Deposit Rates - December 3, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.35% $10,000 $14,999 Learn More
3 Mo CD
0.35% $100,000 $199,999 Learn More
6 Mo CD
0.60% $10,000 $14,999 Learn More
6 Mo CD
0.60% $100,000 $199,999 Learn More
12 Mo CD
0.70% $10,000 $14,999 Learn More
12 Mo CD
0.70% $100,000 $199,999 Learn More
18 Mo CD
0.75% $10,000 $14,999 Learn More
18 Mo CD
0.75% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.90% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.25% $10,000 $14,999 Learn More
60 Mo CD
1.25% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - December 3, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Allied First Bank,sb

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




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
See Table
2.240 %
$0 Learn More
More Info

Note to Allied First Bank,sb
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Branches

Allied First Bank,sb 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


Allied First Bank,sb Locations


Financial Details

Allied First Bank,sb Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Allied First Bank,sb. 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
Allied First Bank,sb U.S. Bank Average
2.22% 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, Allied First Bank,sb had $279,000 in non-current loans and $50,000 in owned real estate. To cover these potential losses it had $14,113,000 in equity and $712,000 in loans loss reserves. That gives it a Texas Ratio of 2.22%.

Return on Equity
Allied First Bank,sb U.S. Bank Average
25.85% 7.80%

Allied First Bank,sb has a Return on Equity of 25.85% 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
Allied First Bank,sb U.S. Bank Average
12.93% 12.68%

Allied First Bank,sb has a Capitalization of 12.93% 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.

Allied First Bank,sb Balance Sheet Analysis

As of March 31, 2020, Allied First Bank,sb had assets of $109,138,000, loans of $71,643,000, and deposits of $94,203,000. 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 $ 18.02 million
Interest-bearing balances $ 13.43 million
Total securities $ 9.70 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 71.64 million
Loan loss allowance $ 0.71 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.05 million
Goodwill and other intangibles N.A.
All other assets $ 2.04 million
     Total Assets $ 95.03 million
LIABILITIES
Total deposits $ 94.20 million
      Interest-bearing deposits $ 65.83 million
      Deposits held in domestic offices $ 94.20 million
      % insured (estimated) 89.88%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.82 million
      Total Liabilities $ 95.03 million
      Shareholders’ Equity $ 14.11 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.91 million
Total Interest Expense $ 0.20 million
Net interest income $ 0.71 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 21.61 million
Total non interest expense $ 21.07 million
Pre-tax Net Operating Income $ 1.22 million

Bank Loan Profile?

The top three loan types in Allied First Bank,sb’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Illinois, Allied First Bank,sb has a significantly higher percent of 1-4 Family Residential Loans 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 79.72
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.28
Small Business Loans 0.00
Construction and Development Loans 0.97
Commercial Real Estate 9.51
Commercial and Industrial Loans 6.64
Farm Loans 0.00

Frequently Asked Questions About Allied First Bank,sb

Branches and Savings

Is Allied First Bank,sb FDIC insured?

Yes. It is covered under FDIC Certificate #55130.

Why does Allied First Bank,sb pay such low interest on savings accounts?

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

Why are Allied First Bank,sb CD rates not competitive?

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

Is Allied First Bank,sb a commercial bank?

Yes

Where are Allied First Bank,sb locations?

See branch locations nearby.

Is Allied First Bank,sb open on Saturdays?

Is Allied First Bank,sb open on Sundays?

What time does Allied First Bank,sb open?

What time does Allied First Bank,sb close?

Are Allied First Bank,sb ATMs Open 24/7?

Do Allied First Bank,sb ATMs accept cash deposits?

Can Allied First Bank,sb customers use other ATMs?

Do Allied First Bank,sb branches have notaries?

Will Allied First Bank,sb notarize my document?

What address for Allied First Bank,sb should I put for incoming ACH transfers?

Will the Allied First Bank,sb branch print checks?

Do Allied First Bank,sb checks expire?

Does Allied First Bank,sb require US citizenship to open account?

Can Allied First Bank,sb close my account?

Does Allied First Bank,sb Report to credit bureaus?

Does Allied First Bank,sb Use Equifax?

What is Allied First Bank,sb's ACH Routing Number?

What is Allied First Bank,sb's SWIFT code?

Products

Does Allied First Bank,sb offer mortgages?

Compare mortgage rates here.

Does Allied First Bank,sb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Allied First Bank,sb offer personal loans?

Compare personal loan rates here.

Does Allied First Bank,sb offer student loans?

Will Allied First Bank,sb cash a check?

Will Allied First Bank,sb redeem a savings bond?

Does Allied First Bank,sb cash savings bonds?

Will Allied First Bank,sb cash money orders?

Can Allied First Bank,sb issue a money order?

Does Allied First Bank,sb do currency exchange?

Background on The Bank

Who owns Allied First Bank,sb?

How long has Allied First Bank,sb been around?

Can Allied First Bank,sb transfer to other banks?

Does Allied First Bank,sb have quick pay?

Does Allied First Bank,sb accept rolled coins?

Will Allied First Bank,sb accept loose change?

Where is Allied First Bank,sb headquarters?

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