Broadway Bank


5960 North Broadway
Chicago, IL 60660
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

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.

FDIC Insured Yes
FDIC Certificate # 22853
Date Established 1979
Assets $ 1,151.45 million
Loans $ 902.99 million
Deposits $ 1,113.96 million
Capital $ 30.28 million

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.

Deposit Rates - September 28, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - September 28, 2021

Your Current Location: Connecticut, CT 06828

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:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 1907
2.856% 2.750%
0.38 points
$3,438 fees
$1,021 Learn More
NMLS ID: 1907
2.856% 2.750%
0.38 points
$3,438 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Broadway Bank
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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% 5.29%

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 March 31, 2021, 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% 11.43%

Broadway Bank has a Return on Equity of -117.84% versus the BestCashCow average of 11.43%. 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% 11.51%

Broadway Bank has a Capitalization of 2.63% versus the BestCashCow average of 11.51. 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

March 31, 2021
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 902.99 million
Loan loss allowance $ 20.58 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 1,113.96 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 1,151.45 million

Summary Income Statement

March 31, 2021
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

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

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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