Burling Bank

141 West Jackson Boulevard
Chicago, IL 60604

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27556
Date Established 1989
Assets $0.12 billion
Loans $0.08 billion
Deposits $0.10 billion
Capital $0.01 billion

Burling Bank is an FDIC insured institution located in Chicago, IL. It was founded in 1989 and has approximately $0.12 billion in assets.

For a more detailed analysis of Burling 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 Burling Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Illinois, Burling Bank has a significantly higher percent of 1-4 Family Residential 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 61.49
Multifamily
Mortgages
6.29
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 0.00
Construction and Development Loans 6.72
Commercial Real Estate 9.45
Commercial and Industrial Loans 13.57
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.10% $1,000 $99,999 Learn MoreShow Less
3 Mo CD 100K
0.15% $100,000 - Learn MoreShow Less
6 Mo CD 10K
0.10% $1,000 $99,999 Learn MoreShow Less
6 Mo CD 100K
0.20% $100,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.15% $1,000 $99,999 Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.05% $2,500 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $1 $49,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Burling Bank

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
3.930% 3.875% 0.25 $1,787 $1,176 Learn More
PenFed Credit Union
NMLS ID: 401822
4.073% 3.990% 0.00 $2,500 $1,193 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.490% $224.24 Learn More
Flagstar Bank 5.240% $275.79 Learn More

Note to Burling Bank
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Branches

Burling Bank 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


Burling Bank Locations

Financial Details

Burling Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Burling Bank. 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
Burling Bank U.S. Bank Average
0% 8.32%

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 September 30, 2017, Burling Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $12,223,000 in equity and $821,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Burling Bank U.S. Bank Average
9.52% 8.84%

Burling Bank has a Return on Equity of 9.52% versus the BestCashCow average of 8.84%. 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
Burling Bank U.S. Bank Average
10.29% 12.21%

Burling Bank has a Capitalization of 10.29% versus the BestCashCow average of 12.21. 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.

Burling Bank Balance Sheet Analysis

As of September 30, 2017, Burling Bank had assets of $118,834,000, loans of $79,601,000, and deposits of $103,674,000. 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 Burling Bank

Branches and Savings

Is Burling Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27556.

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

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

Why are Burling Bank CD rates not competitive?

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

Is Burling Bank a commercial bank?

Yes

Where are Burling Bank locations?

See branch locations nearby.

Is Burling Bank open on Saturdays?

Is Burling Bank open on Sundays?

What time does Burling Bank open?

What time does Burling Bank close?

Are Burling Bank ATMs Open 24/7?

Do Burling Bank ATMs accept cash deposits?

Can Burling Bank customers use other ATMs?

Do Burling Bank branches have notaries?

Will Burling Bank notarize my document?

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

Will the Burling Bank branch print checks?

Do Burling Bank checks expire?

Does Burling Bank require US citizenship to open account?

Can Burling Bank close my account?

Does Burling Bank Report to credit bureaus?

Does Burling Bank Use Equifax?

What is Burling Bank's ACH Routing Number?

What is Burling Bank's SWIFT code?

Products

Does Burling Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Burling Bank offer personal loans?

Compare personal loan rates here.

Does Burling Bank offer student loans?

Will Burling Bank cash a check?

Will Burling Bank redeem a savings bond?

Does Burling Bank cash savings bonds?

Will Burling Bank cash money orders?

Can Burling Bank issue a money order?

Does Burling Bank do currency exchange?

Background on The Bank

Who owns Burling Bank?

How long has Burling Bank been around?

Can Burling Bank transfer to other banks?

Does Burling Bank have quick pay?

Does Burling Bank accept rolled coins?

Will Burling Bank accept loose change?

Where is Burling Bank headquarters?

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