Ben Franklin Bank of Illinois

830 East Kensington Road
Arlington Heights, IL 60004

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 28384
Date Established 1893
Assets $0.09 billion
Loans $0.07 billion
Deposits $0.08 billion
Capital $0.01 billion

Ben Franklin Bank of Illinois is an FDIC insured institution located in Arlington Heights, IL. It was founded in 1893 and has approximately $0.09 billion in assets. Customers can open an account at one of its 2 branches.

For a more detailed analysis of Ben Franklin Bank of Illinois'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 Ben Franklin Bank of Illinois’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Illinois, Ben Franklin Bank of Illinois has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages, Small Business 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 56.98
Multifamily
Mortgages
14.93
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 20.84
Construction and Development Loans 2.17
Commercial Real Estate 25.83
Commercial and Industrial Loans 1.41
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.85% $1,000 - Learn MoreShow Less
6 Mo CD 10K
0.91% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.15% $400 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
1.03% $1,000 - Learn MoreShow Less
Special: 30 Mo FIRA
1.25% $1,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.10% $1 $9,999 Learn MoreShow Less
MM 10K
0.10% $10,000 $24,999 Learn MoreShow Less
MM 25K
0.15% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $1 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Ben Franklin Bank of Illinois

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
Quicken Loans NMLS #3030
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More
Rocket Mortgage
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 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 Ben Franklin Bank of Illinois
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Branches

Ben Franklin Bank of Illinois 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


Ben Franklin Bank Of Illinois Locations

Financial Details

Ben Franklin Bank of Illinois Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ben Franklin Bank of Illinois. 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
Ben Franklin Bank of Illinois U.S. Bank Average
17.93% 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, Ben Franklin Bank of Illinois had $594,000 in non-current loans and $802,000 in owned real estate. To cover these potential losses it had $6,797,000 in equity and $989,000 in loans loss reserves. That gives it a Texas Ratio of 17.93%. 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
Ben Franklin Bank of Illinois U.S. Bank Average
-16.85% 8.58

Ben Franklin Bank of Illinois has a Return on Equity of -16.85% 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
Ben Franklin Bank of Illinois U.S. Bank Average
7.5% 12.11

Ben Franklin Bank of Illinois has a Capitalization of 7.5% 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.

Ben Franklin Bank of Illinois Balance Sheet Analysis

As of June 30, 2017, Ben Franklin Bank of Illinois had assets of $90,681,000, loans of $73,317,000, and deposits of $80,952,000. 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 Ben Franklin Bank of Illinois

Branches and Savings

Is Ben Franklin Bank of Illinois FDIC insured?

Yes. It is covered under FDIC Certificate #28384.

Why does Ben Franklin Bank of Illinois pay such low interest on savings accounts?

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

Why are Ben Franklin Bank of Illinois CD rates not competitive?

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

Is Ben Franklin Bank of Illinois a commercial bank?

Yes

Where are Ben Franklin Bank of Illinois locations?

See branch locations nearby.

Is Ben Franklin Bank of Illinois open on Saturdays?

Is Ben Franklin Bank of Illinois open on Sundays?

What time does Ben Franklin Bank of Illinois open?

What time does Ben Franklin Bank of Illinois close?

Are Ben Franklin Bank of Illinois ATMs Open 24/7?

Do Ben Franklin Bank of Illinois ATMs accept cash deposits?

Can Ben Franklin Bank of Illinois customers use other ATMs?

Do Ben Franklin Bank of Illinois branches have notaries?

Will Ben Franklin Bank of Illinois notarize my document?

What address for Ben Franklin Bank of Illinois should I put for incoming ACH transfers?

Will the Ben Franklin Bank of Illinois branch print checks?

Do Ben Franklin Bank of Illinois checks expire?

Does Ben Franklin Bank of Illinois require US citizenship to open account?

Can Ben Franklin Bank of Illinois close my account?

Does Ben Franklin Bank of Illinois Report to credit bureaus?

Does Ben Franklin Bank of Illinois Use Equifax?

What is Ben Franklin Bank of Illinois's ACH Routing Number?

What is Ben Franklin Bank of Illinois's SWIFT code?

Products

Does Ben Franklin Bank of Illinois offer mortgages?

Compare mortgage rates here.

Does Ben Franklin Bank of Illinois offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Ben Franklin Bank of Illinois offer personal loans?

Compare personal loan rates here.

Does Ben Franklin Bank of Illinois offer student loans?

Will Ben Franklin Bank of Illinois cash a check?

Will Ben Franklin Bank of Illinois redeem a savings bond?

Does Ben Franklin Bank of Illinois cash savings bonds?

Will Ben Franklin Bank of Illinois cash money orders?

Can Ben Franklin Bank of Illinois issue a money order?

Does Ben Franklin Bank of Illinois do currency exchange?

Background on The Bank

Who owns Ben Franklin Bank of Illinois?

How long has Ben Franklin Bank of Illinois been around?

Can Ben Franklin Bank of Illinois transfer to other banks?

Does Ben Franklin Bank of Illinois have quick pay?

Does Ben Franklin Bank of Illinois accept rolled coins?

Will Ben Franklin Bank of Illinois accept loose change?

Where is Ben Franklin Bank of Illinois headquarters?

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