Broadway Bank

5960 North Broadway
Chicago, IL 60660


2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 22853
Date Established 1979
Assets $1.15 billion
Loans $0.90 billion
Deposits $1.11 billion
Capital $0.03 billion

Broadway Bank is an FDIC insured institution located in Chicago, IL. It was founded in 1979 and has approximately $1.06 billion in assets.

Broadway Bank, Chicago, Illinois, was closed April 23, 2010 by the Illinois Department of Financial and Professional Regulation — Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with MB Financial Bank, National Association, Chicago, Illinois, to assume all of the deposits of Broadway Bank.

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

Compared to other banks, Broadway Bank’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 - December 12, 2018

Your Current Location: Virginia, VA 20146

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

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Loan Rates - December 12, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Broadway Bank

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

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NMLS ID: 3030
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Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More

Note to Broadway Bank
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Broadway Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Financial Details

Broadway Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Broadway Bank. 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
Broadway Bank U.S. Bank Average
365.55% 7.92%

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 June 30, 2018, Broadway Bank had $185,912,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $30,278,000 in equity and $20,580,000 in loans loss reserves. That gives it a Texas Ratio of 365.55%.

Return on Equity
Broadway Bank U.S. Bank Average
-117.84% 9.77%

Broadway Bank has a Return on Equity of -117.84% versus the BestCashCow average of 9.77%. 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.

Broadway Bank U.S. Bank Average
2.63% 12.31%

Broadway Bank has a Capitalization of 2.63% versus the BestCashCow average of 12.31. 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.

Broadway Bank Balance Sheet Analysis

As of November 30, -0001, Broadway Bank had assets of $1,059,194,000, loans of $902,994,000, and deposits of $1,113,959,000. 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

June 30, 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 $0.90 billion
Loan loss allowance $0.02 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.00 billion
Total deposits $1.11 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 $1.15 billion

Summary Income Statement

June 30, 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 Broadway Bank

Branches and Savings

Is Broadway Bank FDIC insured?

Yes. It is covered under FDIC Certificate #22853.

Why does Broadway Bank pay such low interest on savings accounts?

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

Why are Broadway Bank CD rates not competitive?

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

Is Broadway Bank a commercial bank?


Where are Broadway Bank locations?

See branch locations nearby.

Is Broadway Bank open on Saturdays?

Is Broadway Bank open on Sundays?

What time does Broadway Bank open?

What time does Broadway Bank close?

Are Broadway Bank ATMs Open 24/7?

Do Broadway Bank ATMs accept cash deposits?

Can Broadway Bank customers use other ATMs?

Do Broadway Bank branches have notaries?

Will Broadway Bank notarize my document?

What address for Broadway Bank should I put for incoming ACH transfers?

Will the Broadway Bank branch print checks?

Do Broadway Bank checks expire?

Does Broadway Bank require US citizenship to open account?

Can Broadway Bank close my account?

Does Broadway Bank Report to credit bureaus?

Does Broadway Bank Use Equifax?

What is Broadway Bank's ACH Routing Number?

What is Broadway Bank's SWIFT code?


Does Broadway Bank offer mortgages?

Compare mortgage rates here.

Does Broadway Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Broadway Bank offer personal loans?

Compare personal loan rates here.

Does Broadway Bank offer student loans?

Will Broadway Bank cash a check?

Will Broadway Bank redeem a savings bond?

Does Broadway Bank cash savings bonds?

Will Broadway Bank cash money orders?

Can Broadway Bank issue a money order?

Does Broadway Bank do currency exchange?

Background on The Bank

Who owns Broadway Bank?

How long has Broadway Bank been around?

Can Broadway Bank transfer to other banks?

Does Broadway Bank have quick pay?

Does Broadway Bank accept rolled coins?

Will Broadway Bank accept loose change?

Where is Broadway Bank headquarters?

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