Chicago Community Bank

Headquarters

1110 West 35th Street
Chicago, IL 60609
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Chicago Community Bank is an FDIC insured institution located in Chicago, IL. It was founded in 1934 and has approximately $0.28 billion in assets.

FDIC Insured Yes
FDIC Certificate # 14267
Date Established 1934
Assets $ 276.23 million
Loans $ 231.88 million
Deposits $ 231.96 million
Capital $ 33.87 million
 

For a more detailed analysis of Chicago Community Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Chicago Community 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Chicago Community Bank
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Branches

Chicago Community 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:
Fairfield,Connecticut


Chicago Community Bank Locations


Financial Details

Chicago Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Chicago Community 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
Chicago Community Bank U.S. Bank Average
100.01% 6.94%

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, 2020, Chicago Community Bank had $30,833,000 in non-current loans and $7,957,000 in owned real estate. To cover these potential losses it had $33,872,000 in equity and $4,915,000 in loans loss reserves. That gives it a Texas Ratio of 100.01%.

Return on Equity
Chicago Community Bank U.S. Bank Average
-28.79% 7.80%

Chicago Community Bank has a Return on Equity of -28.79% versus the BestCashCow average of 7.80%. 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
Chicago Community Bank U.S. Bank Average
12.26% 12.68%

Chicago Community Bank has a Capitalization of 12.26% versus the BestCashCow average of 12.68. 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.

Chicago Community Bank Balance Sheet Analysis

As of December 31, 2010, Chicago Community Bank had assets of $276,234,000, loans of $231,878,000, and deposits of $231,958,000. 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, 2020
ASSETS
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 $ 231.88 million
Loan loss allowance $ 4.92 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 7.96 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 231.96 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 $ 276.23 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
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 Chicago Community Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Chicago Community 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
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 Chicago Community Bank

Branches and Savings

Is Chicago Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #14267.

Why does Chicago Community Bank pay such low interest on savings accounts?

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

Why are Chicago Community Bank CD rates not competitive?

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

Is Chicago Community Bank a commercial bank?

Yes

Where are Chicago Community Bank locations?

See branch locations nearby.

Is Chicago Community Bank open on Saturdays?

Is Chicago Community Bank open on Sundays?

What time does Chicago Community Bank open?

What time does Chicago Community Bank close?

Are Chicago Community Bank ATMs Open 24/7?

Do Chicago Community Bank ATMs accept cash deposits?

Can Chicago Community Bank customers use other ATMs?

Do Chicago Community Bank branches have notaries?

Will Chicago Community Bank notarize my document?

What address for Chicago Community Bank should I put for incoming ACH transfers?

Will the Chicago Community Bank branch print checks?

Do Chicago Community Bank checks expire?

Does Chicago Community Bank require US citizenship to open account?

Can Chicago Community Bank close my account?

Does Chicago Community Bank Report to credit bureaus?

Does Chicago Community Bank Use Equifax?

What is Chicago Community Bank's ACH Routing Number?

What is Chicago Community Bank's SWIFT code?

Products

Does Chicago Community Bank offer mortgages?

Compare mortgage rates here.

Does Chicago Community Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Chicago Community Bank offer personal loans?

Compare personal loan rates here.

Does Chicago Community Bank offer student loans?

Will Chicago Community Bank cash a check?

Will Chicago Community Bank redeem a savings bond?

Does Chicago Community Bank cash savings bonds?

Will Chicago Community Bank cash money orders?

Can Chicago Community Bank issue a money order?

Does Chicago Community Bank do currency exchange?

Background on The Bank

Who owns Chicago Community Bank?

How long has Chicago Community Bank been around?

Can Chicago Community Bank transfer to other banks?

Does Chicago Community Bank have quick pay?

Does Chicago Community Bank accept rolled coins?

Will Chicago Community Bank accept loose change?

Where is Chicago Community Bank headquarters?

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