American Eagle Bank of Chicago

Headquarters

2255 N. Western Avenue
Chicago, IL 60647
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. 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

American Eagle Bank of Chicago is an FDIC insured institution located in Chicago, IL. It was founded in 2007 and has approximately $0.09 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58514
Date Established 2007
Assets $ 93.39 million
Loans $ 68.38 million
Deposits $ 82.33 million
Capital $ 10.08 million
 

For a more detailed analysis of American Eagle 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
Money Market
0.45% $15,000 - Learn More
CD Rates APY MIN MAX
Super Saver 13 Months Add-On CD
1.35% $1,000 $500 Learn More
54-Month ADD-ON CD
2.50% $0 - Learn More


Loan Rates - July 2, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for American Eagle Bank of Chicago

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




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Note to American Eagle Bank of Chicago
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Branches

American Eagle 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


American Eagle Bank of Chicago Locations


Financial Details

American Eagle Bank of Chicago Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American Eagle 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
American Eagle Bank of Chicago U.S. Bank Average
10.95% 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, American Eagle Bank of Chicago had $8,000 in non-current loans and $1,151,000 in owned real estate. To cover these potential losses it had $10,077,000 in equity and $508,000 in loans loss reserves. That gives it a Texas Ratio of 10.95%.

Return on Equity
American Eagle Bank of Chicago U.S. Bank Average
2.33% 9.41%

American Eagle Bank of Chicago has a Return on Equity of 2.33% 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
American Eagle Bank of Chicago U.S. Bank Average
10.79% 12.82%

American Eagle Bank of Chicago has a Capitalization of 10.79% 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.

American Eagle Bank of Chicago Balance Sheet Analysis

As of December 31, 2019, American Eagle Bank of Chicago had assets of $93,385,000, loans of $68,382,000, and deposits of $82,326,000. 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 $ 9.91 million
Interest-bearing balances $ 6.98 million
Total securities $ 7.65 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 68.38 million
Loan loss allowance $ 0.51 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.15 million
Goodwill and other intangibles N.A.
All other assets $ 0.75 million
     Total Assets $ 83.31 million
LIABILITIES
Total deposits $ 82.33 million
      Interest-bearing deposits $ 74.57 million
      Deposits held in domestic offices $ 82.33 million
      % insured (estimated) 86.77%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.98 million
      Total Liabilities $ 83.31 million
      Shareholders’ Equity $ 10.08 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 4.35 million
Total Interest Expense $ 1.87 million
Net interest income $ 2.48 million
Provision for loan and lease losses $ 0.14 million
Total non interest income $ 0.18 million
Total non interest expense $ 2.25 million
Pre-tax Net Operating Income $ 0.28 million

Bank Loan Profile?

The top three loan types in American Eagle Bank of Chicago’s loan portfolio are Consumer Auto Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Illinois, American Eagle Bank of Chicago has a significantly higher percent of Consumer Auto Loans, Construction and Development 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 18.03
Multifamily
Mortgages
9.64
Credit Card Loans 0.00
Consumer Auto Loans 41.92
Small Business Loans 9.99
Construction and Development Loans 12.96
Commercial Real Estate 13.36
Commercial and Industrial Loans 4.80
Farm Loans 0.00

Frequently Asked Questions About American Eagle Bank Of Chicago

Branches and Savings

Is American Eagle Bank Of Chicago FDIC insured?

Yes. It is covered under FDIC Certificate #58514.

Why does American Eagle 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 American Eagle Bank Of Chicago CD rates not competitive?

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

Is American Eagle Bank Of Chicago a commercial bank?

Yes

Where are American Eagle Bank Of Chicago locations?

See branch locations nearby.

Is American Eagle Bank Of Chicago open on Saturdays?

Is American Eagle Bank Of Chicago open on Sundays?

What time does American Eagle Bank Of Chicago open?

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Are American Eagle Bank Of Chicago ATMs Open 24/7?

Do American Eagle Bank Of Chicago ATMs accept cash deposits?

Can American Eagle Bank Of Chicago customers use other ATMs?

Do American Eagle Bank Of Chicago branches have notaries?

Will American Eagle Bank Of Chicago notarize my document?

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

Will the American Eagle Bank Of Chicago branch print checks?

Do American Eagle Bank Of Chicago checks expire?

Does American Eagle Bank Of Chicago require US citizenship to open account?

Can American Eagle Bank Of Chicago close my account?

Does American Eagle Bank Of Chicago Report to credit bureaus?

Does American Eagle Bank Of Chicago Use Equifax?

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Products

Does American Eagle Bank Of Chicago offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does American Eagle Bank Of Chicago offer personal loans?

Compare personal loan rates here.

Does American Eagle Bank Of Chicago offer student loans?

Will American Eagle Bank Of Chicago cash a check?

Will American Eagle Bank Of Chicago redeem a savings bond?

Does American Eagle Bank Of Chicago cash savings bonds?

Will American Eagle Bank Of Chicago cash money orders?

Can American Eagle Bank Of Chicago issue a money order?

Does American Eagle Bank Of Chicago do currency exchange?

Background on The Bank

Who owns American Eagle Bank Of Chicago?

How long has American Eagle Bank Of Chicago been around?

Can American Eagle Bank Of Chicago transfer to other banks?

Does American Eagle Bank Of Chicago have quick pay?

Does American Eagle Bank Of Chicago accept rolled coins?

Will American Eagle Bank Of Chicago accept loose change?

Where is American Eagle Bank Of Chicago headquarters?

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