Amalgamated Bank of Chicago

30 North Lasalle Street
Chicago, IL 60602

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 903
Date Established 1922
Assets $1.06 billion
Loans $0.36 billion
Deposits $0.96 billion
Capital $0.08 billion

Amalgamated Bank of Chicago is an FDIC insured institution located in Chicago, IL. It was founded in 1922 and has approximately $1.06 billion in assets. Customers can open an account at one of its 2 branches.

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.

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 13.55
Multifamily
Mortgages
17.86
Credit Card Loans 11.53
Consumer Auto Loans 0.00
Small Business Loans 7.88
Construction and Development Loans 9.28
Commercial Real Estate 42.82
Commercial and Industrial Loans 6.70
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.05% $1,000 $99,999 Learn MoreShow Less
3 Mo CD 100K
0.10% $100,000 - Learn MoreShow Less
6 Mo CD 10K
0.07% $1,000 $99,999 Learn MoreShow Less
6 Mo CD 100K
0.12% $100,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.05% $250 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.50% $250 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.05% $1,500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $1,000 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

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:
Ashburn,Virginia


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
14.21% 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, Amalgamated Bank of Chicago had $12,081,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $77,848,000 in equity and $7,180,000 in loans loss reserves. That gives it a Texas Ratio of 14.21%. 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
Amalgamated Bank of Chicago U.S. Bank Average
4.86% 8.58

Amalgamated Bank of Chicago has a Return on Equity of 4.86% 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.

Capitalization
Amalgamated Bank of Chicago U.S. Bank Average
7.35% 12.11

Amalgamated Bank of Chicago has a Capitalization of 7.35% 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.

Amalgamated Bank of Chicago Balance Sheet Analysis

As of June 30, 2017, Amalgamated Bank of Chicago had assets of $1,059,770,000, loans of $361,425,000, and deposits of $958,776,000. 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.

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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