Amalgamated Bank of Chicago

Headquarters

30 North Lasalle Street
Chicago, IL 60602
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 1.40% →
1-Year CD 0.14% 1.15% →
2-Year CD 0.21% 1.26% →
5-Year CD 0.29% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Amalgamated Bank of Chicago is an FDIC insured institution located in Chicago, IL. It was founded in 1922 and has approximately $0.93 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 903
Date Established 1922
Assets $ 930.70 million
Loans $ 492.04 million
Deposits $ 815.89 million
Capital $ 87.52 million
 

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

Deposit Rates - July 2, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $250 - Learn More
Money Market
0.05% $1,500 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $1,000 $99,999 Learn More
3 Mo CD
0.10% $100,000 - Learn More
6 Mo CD
0.06% $1,000 $99,999 Learn More
6 Mo CD
0.11% $100,000 - Learn More
12 Mo CD
0.09% $1,000 $99,999 Learn More
12 Mo CD
0.14% $100,000 - Learn More
18 Mo CD
0.09% $1,000 $99,999 Learn More
18 Mo CD
0.14% $100,000 - Learn More
24 Mo CD
0.16% $1,000 $99,999 Learn More
24 Mo CD
0.21% $100,000 - Learn More
30 Mo CD
0.16% $1,000 - Learn More
36 Mo CD
0.25% $1,000 - Learn More
48 Mo CD
0.29% $1,000 - Learn More
60 Mo CD
0.29% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $250 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - July 2, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Amalgamated Bank of Chicago

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
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
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Note to Amalgamated Bank of Chicago
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Branches

Amalgamated Bank of Chicago 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


Amalgamated Bank of Chicago Locations


Financial Details

Amalgamated Bank of Chicago Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Amalgamated Bank of Chicago. 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
Amalgamated Bank of Chicago U.S. Bank Average
2.07% 6.51%

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 December 31, 2019, Amalgamated Bank of Chicago had $1,270,000 in non-current loans and $671,000 in owned real estate. To cover these potential losses it had $87,518,000 in equity and $6,355,000 in loans loss reserves. That gives it a Texas Ratio of 2.07%.

Return on Equity
Amalgamated Bank of Chicago U.S. Bank Average
10.24% 9.41%

Amalgamated Bank of Chicago has a Return on Equity of 10.24% versus the BestCashCow average of 9.41%. 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
Amalgamated Bank of Chicago U.S. Bank Average
9.4% 12.82%

Amalgamated Bank of Chicago has a Capitalization of 9.4% versus the BestCashCow average of 12.82. 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.

Amalgamated Bank of Chicago Balance Sheet Analysis

As of December 31, 2019, Amalgamated Bank of Chicago had assets of $930,702,000, loans of $492,043,000, and deposits of $815,885,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 243.68 million
Interest-bearing balances $ 236.71 million
Total securities $ 159.14 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 492.04 million
Loan loss allowance $ 6.36 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.67 million
Goodwill and other intangibles $ 0.04 million
All other assets $ 29.48 million
     Total Assets $ 843.18 million
LIABILITIES
Total deposits $ 815.89 million
      Interest-bearing deposits $ 271.50 million
      Deposits held in domestic offices $ 815.89 million
      % insured (estimated) 26.48%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 8.20 million
Subordinated debt N.A.
All other liabilities $ 19.10 million
      Total Liabilities $ 843.18 million
      Shareholders’ Equity $ 87.52 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 34.39 million
Total Interest Expense $ 1.55 million
Net interest income $ 32.84 million
Provision for loan and lease losses $ 2.04 million
Total non interest income $ 19.27 million
Total non interest expense $ 38.55 million
Pre-tax Net Operating Income $ 11.53 million

Bank Loan Profile?

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

Compared to other banks in Illinois, Amalgamated Bank of Chicago has a significantly higher percent of Multifamily Mortgages, Credit Card Loans, 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 10.00
Multifamily
Mortgages
23.44
Credit Card Loans 8.25
Consumer Auto Loans 0.00
Small Business Loans 6.72
Construction and Development Loans 9.78
Commercial Real Estate 42.40
Commercial and Industrial Loans 7.06
Farm Loans 0.00

Frequently Asked Questions About Amalgamated Bank Of Chicago

Branches and Savings

Is Amalgamated Bank Of Chicago FDIC insured?

Yes. It is covered under FDIC Certificate #903.

Why does Amalgamated Bank Of Chicago pay such low interest on savings accounts?

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

Why are Amalgamated Bank Of Chicago CD rates not competitive?

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

Is Amalgamated Bank Of Chicago a commercial bank?

Yes

Where are Amalgamated Bank Of Chicago locations?

See branch locations nearby.

Is Amalgamated Bank Of Chicago open on Saturdays?

Is Amalgamated Bank Of Chicago open on Sundays?

What time does Amalgamated Bank Of Chicago open?

What time does Amalgamated Bank Of Chicago close?

Are Amalgamated Bank Of Chicago ATMs Open 24/7?

Do Amalgamated Bank Of Chicago ATMs accept cash deposits?

Can Amalgamated Bank Of Chicago customers use other ATMs?

Do Amalgamated Bank Of Chicago branches have notaries?

Will Amalgamated Bank Of Chicago notarize my document?

What address for Amalgamated Bank Of Chicago should I put for incoming ACH transfers?

Will the Amalgamated Bank Of Chicago branch print checks?

Do Amalgamated Bank Of Chicago checks expire?

Does Amalgamated Bank Of Chicago require US citizenship to open account?

Can Amalgamated Bank Of Chicago close my account?

Does Amalgamated Bank Of Chicago Report to credit bureaus?

Does Amalgamated Bank Of Chicago Use Equifax?

What is Amalgamated Bank Of Chicago's ACH Routing Number?

What is Amalgamated Bank Of Chicago's SWIFT code?

Products

Does Amalgamated Bank Of Chicago offer mortgages?

Compare mortgage rates here.

Does Amalgamated Bank Of Chicago offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Amalgamated Bank Of Chicago offer personal loans?

Compare personal loan rates here.

Does Amalgamated Bank Of Chicago offer student loans?

Will Amalgamated Bank Of Chicago cash a check?

Will Amalgamated Bank Of Chicago redeem a savings bond?

Does Amalgamated Bank Of Chicago cash savings bonds?

Will Amalgamated Bank Of Chicago cash money orders?

Can Amalgamated Bank Of Chicago issue a money order?

Does Amalgamated Bank Of Chicago do currency exchange?

Background on The Bank

Who owns Amalgamated Bank Of Chicago?

How long has Amalgamated Bank Of Chicago been around?

Can Amalgamated Bank Of Chicago transfer to other banks?

Does Amalgamated Bank Of Chicago have quick pay?

Does Amalgamated Bank Of Chicago accept rolled coins?

Will Amalgamated Bank Of Chicago accept loose change?

Where is Amalgamated Bank Of Chicago headquarters?

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