Central Savings, f.s.b.

Headquarters

1601 West Belmont Avenue
Chicago, IL 60657
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD N.A. 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Central Savings, f.s.b. is an FDIC insured institution located in Chicago, IL. It was founded in 1893 and has approximately $0.11 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 27910
Date Established 1893
Assets $ 107.78 million
Loans $ 93.57 million
Deposits $ 75.31 million
Capital $ 27.90 million
 

For a more detailed analysis of Central Savings, f.s.b.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Central Savings, f.s.b.

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




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Note to Central Savings, f.s.b.
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Branches

Central Savings, f.s.b. 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:
Fairfield,Connecticut


Central Savings, f.s.b. Locations


Financial Details

Central Savings, f.s.b. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Central Savings, f.s.b.. 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
Central Savings, f.s.b. U.S. Bank Average
5.57% 6.51%

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 December 31, 2019, Central Savings, f.s.b. had $1,629,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $27,903,000 in equity and $1,343,000 in loans loss reserves. That gives it a Texas Ratio of 5.57%.

Return on Equity
Central Savings, f.s.b. U.S. Bank Average
1.7% 9.41%

Central Savings, f.s.b. has a Return on Equity of 1.7% versus the BestCashCow average of 9.41%. 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
Central Savings, f.s.b. U.S. Bank Average
25.89% 12.82%

Central Savings, f.s.b. has a Capitalization of 25.89% versus the BestCashCow average of 12.82. 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.

Central Savings, f.s.b. Balance Sheet Analysis

As of December 31, 2019, Central Savings, f.s.b. had assets of $107,779,000, loans of $93,573,000, and deposits of $75,305,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 6.97 million
Interest-bearing balances $ 6.39 million
Total securities $ 3.67 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 93.57 million
Loan loss allowance $ 1.34 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.13 million
All other assets $ 1.03 million
     Total Assets $ 79.88 million
LIABILITIES
Total deposits $ 75.31 million
      Interest-bearing deposits $ 71.51 million
      Deposits held in domestic offices $ 75.31 million
      % insured (estimated) 95.13%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 4.00 million
Subordinated debt N.A.
All other liabilities $ 0.57 million
      Total Liabilities $ 79.88 million
      Shareholders’ Equity $ 27.90 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 5.02 million
Total Interest Expense $ 0.93 million
Net interest income $ 4.09 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.09 million
Total non interest expense $ 3.53 million
Pre-tax Net Operating Income $ 0.71 million

Bank Loan Profile?

The top three loan types in Central Savings, f.s.b.’s loan portfolio are Multifamily Mortgages, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Illinois, Central Savings, f.s.b. has a significantly higher percent of 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 35.17
Multifamily
Mortgages
37.37
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 22.95
Construction and Development Loans 0.00
Commercial Real Estate 28.89
Commercial and Industrial Loans 0.01
Farm Loans 0.00

Frequently Asked Questions About Central Savings, F.s.b.

Branches and Savings

Is Central Savings, F.s.b. FDIC insured?

Yes. It is covered under FDIC Certificate #27910.

Why does Central Savings, F.s.b. pay such low interest on savings accounts?

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

Why are Central Savings, F.s.b. CD rates not competitive?

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

Is Central Savings, F.s.b. a commercial bank?

Yes

Where are Central Savings, F.s.b. locations?

See branch locations nearby.

Is Central Savings, F.s.b. open on Saturdays?

Is Central Savings, F.s.b. open on Sundays?

What time does Central Savings, F.s.b. open?

What time does Central Savings, F.s.b. close?

Are Central Savings, F.s.b. ATMs Open 24/7?

Do Central Savings, F.s.b. ATMs accept cash deposits?

Can Central Savings, F.s.b. customers use other ATMs?

Do Central Savings, F.s.b. branches have notaries?

Will Central Savings, F.s.b. notarize my document?

What address for Central Savings, F.s.b. should I put for incoming ACH transfers?

Will the Central Savings, F.s.b. branch print checks?

Do Central Savings, F.s.b. checks expire?

Does Central Savings, F.s.b. require US citizenship to open account?

Can Central Savings, F.s.b. close my account?

Does Central Savings, F.s.b. Report to credit bureaus?

Does Central Savings, F.s.b. Use Equifax?

What is Central Savings, F.s.b.'s ACH Routing Number?

What is Central Savings, F.s.b.'s SWIFT code?

Products

Does Central Savings, F.s.b. offer mortgages?

Compare mortgage rates here.

Does Central Savings, F.s.b. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Central Savings, F.s.b. offer personal loans?

Compare personal loan rates here.

Does Central Savings, F.s.b. offer student loans?

Will Central Savings, F.s.b. cash a check?

Will Central Savings, F.s.b. redeem a savings bond?

Does Central Savings, F.s.b. cash savings bonds?

Will Central Savings, F.s.b. cash money orders?

Can Central Savings, F.s.b. issue a money order?

Does Central Savings, F.s.b. do currency exchange?

Background on The Bank

Who owns Central Savings, F.s.b.?

How long has Central Savings, F.s.b. been around?

Can Central Savings, F.s.b. transfer to other banks?

Does Central Savings, F.s.b. have quick pay?

Does Central Savings, F.s.b. accept rolled coins?

Will Central Savings, F.s.b. accept loose change?

Where is Central Savings, F.s.b. headquarters?

Customer Reviews for Central Savings, f.s.b.


  • December 26, 2017 |

    CDs 12 Month Rates

    Good people to deal with. Competitive rates better than CEFCU. Easy in/out processing of CD's & MM.

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