Bank of Shorewood

700 West Jefferson Street
Shorewood, IL 60431


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 22637
Date Established 1978
Assets $0.11 billion
Loans $0.07 billion
Deposits $0.10 billion
Capital $0.00 billion

Bank of Shorewood is an FDIC insured institution located in Shorewood, IL. It was founded in 1978 and has approximately $0.11 billion in assets.

Closed by FDIC on August 5, 2011 and assets transferred to Heartland Bank and Trust.

For a more detailed analysis of Bank of Shorewood'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 Bank of Shorewood’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Bank of Shorewood’s loan portfolio does not show any specific loan specialty.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Deposit Rates - June 16, 2019

Your Current Location: Washington, WA 98109

There are currently no rates available for Bank Of Shorewood, but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - June 16, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Bank of Shorewood

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

Featured - Washington 30 Year Fixed Mortgage Rates 2019

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Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
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Figure Home Equity Line
Figure Home Equity Line
5.490 %
N/A Learn More
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Note to Bank of Shorewood
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Bank of Shorewood Locations

Financial Details

Bank of Shorewood Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Shorewood. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Shorewood U.S. Bank Average
185.15% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2018, Bank of Shorewood had $5,352,000 in non-current loans and $8,173,000 in owned real estate. To cover these potential losses it had $2,135,000 in equity and $5,170,000 in loans loss reserves. That gives it a Texas Ratio of 185.15%.

Return on Equity
Bank of Shorewood U.S. Bank Average
-113.62% 8.80%

Bank of Shorewood has a Return on Equity of -113.62% versus the BestCashCow average of 8.80%. 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.

Bank of Shorewood U.S. Bank Average
1.93% 12.29%

Bank of Shorewood has a Capitalization of 1.93% versus the BestCashCow average of 12.29. 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.

Bank of Shorewood Balance Sheet Analysis

As of June 30, 2011, Bank of Shorewood had assets of $110,723,000, loans of $67,189,000, and deposits of $104,021,000. 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, 2018
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.07 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.00 billion
Total deposits $0.10 billion
      Interest-bearing deposits $0.00 billion
      Deposits held in domestic offices $0.00 billion
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.00 billion
      Shareholders’ Equity $0.11 billion

Summary Income Statement

December 31, 2018
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Bank Of Shorewood

Branches and Savings

Is Bank Of Shorewood FDIC insured?

Yes. It is covered under FDIC Certificate #22637.

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

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

Why are Bank Of Shorewood CD rates not competitive?

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

Is Bank Of Shorewood a commercial bank?


Where are Bank Of Shorewood locations?

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Is Bank Of Shorewood open on Saturdays?

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Are Bank Of Shorewood ATMs Open 24/7?

Do Bank Of Shorewood ATMs accept cash deposits?

Can Bank Of Shorewood customers use other ATMs?

Do Bank Of Shorewood branches have notaries?

Will Bank Of Shorewood notarize my document?

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

Will the Bank Of Shorewood branch print checks?

Do Bank Of Shorewood checks expire?

Does Bank Of Shorewood require US citizenship to open account?

Can Bank Of Shorewood close my account?

Does Bank Of Shorewood Report to credit bureaus?

Does Bank Of Shorewood Use Equifax?

What is Bank Of Shorewood's ACH Routing Number?

What is Bank Of Shorewood's SWIFT code?


Does Bank Of Shorewood offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Of Shorewood offer personal loans?

Compare personal loan rates here.

Does Bank Of Shorewood offer student loans?

Will Bank Of Shorewood cash a check?

Will Bank Of Shorewood redeem a savings bond?

Does Bank Of Shorewood cash savings bonds?

Will Bank Of Shorewood cash money orders?

Can Bank Of Shorewood issue a money order?

Does Bank Of Shorewood do currency exchange?

Background on The Bank

Who owns Bank Of Shorewood?

How long has Bank Of Shorewood been around?

Can Bank Of Shorewood transfer to other banks?

Does Bank Of Shorewood have quick pay?

Does Bank Of Shorewood accept rolled coins?

Will Bank Of Shorewood accept loose change?

Where is Bank Of Shorewood headquarters?

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