Columbus Savings Bank

Headquarters

2525 West 47th Street
Chicago, IL 60632
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

Columbus Savings Bank is an FDIC insured institution located in Chicago, IL. It was founded in 1913 and has approximately $0.01 billion in assets.

FDIC Insured Yes
FDIC Certificate # 29416
Date Established 1913
Assets $ 13.93 million
Loans $ 4.56 million
Deposits $ 10.54 million
Capital $ 3.37 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Columbus Savings 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

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License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More
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NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to Columbus Savings Bank
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Branches

Columbus Savings 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


Columbus Savings Bank Locations


Financial Details

Columbus Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Columbus Savings 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
Columbus Savings Bank U.S. Bank Average
0% 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, Columbus Savings Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $3,365,000 in equity and $8,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Columbus Savings Bank U.S. Bank Average
-3.59% 7.80%

Columbus Savings Bank has a Return on Equity of -3.59% 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
Columbus Savings Bank U.S. Bank Average
24.15% 12.68%

Columbus Savings Bank has a Capitalization of 24.15% 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.

Columbus Savings Bank Balance Sheet Analysis

As of December 31, 2013, Columbus Savings Bank had assets of $13,931,000, loans of $4,558,000, and deposits of $10,537,000. 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 $ 4.56 million
Loan loss allowance $ 0.01 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.
LIABILITIES
Total deposits $ 10.54 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 $ 13.93 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 Columbus Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks in Illinois, Columbus Savings 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 90.19
Multifamily
Mortgages
9.98
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 Columbus Savings Bank

Branches and Savings

Is Columbus Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29416.

Why does Columbus Savings Bank pay such low interest on savings accounts?

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

Why are Columbus Savings Bank CD rates not competitive?

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

Is Columbus Savings Bank a commercial bank?

Yes

Where are Columbus Savings Bank locations?

See branch locations nearby.

Is Columbus Savings Bank open on Saturdays?

Is Columbus Savings Bank open on Sundays?

What time does Columbus Savings Bank open?

What time does Columbus Savings Bank close?

Are Columbus Savings Bank ATMs Open 24/7?

Do Columbus Savings Bank ATMs accept cash deposits?

Can Columbus Savings Bank customers use other ATMs?

Do Columbus Savings Bank branches have notaries?

Will Columbus Savings Bank notarize my document?

What address for Columbus Savings Bank should I put for incoming ACH transfers?

Will the Columbus Savings Bank branch print checks?

Do Columbus Savings Bank checks expire?

Does Columbus Savings Bank require US citizenship to open account?

Can Columbus Savings Bank close my account?

Does Columbus Savings Bank Report to credit bureaus?

Does Columbus Savings Bank Use Equifax?

What is Columbus Savings Bank's ACH Routing Number?

What is Columbus Savings Bank's SWIFT code?

Products

Does Columbus Savings Bank offer mortgages?

Compare mortgage rates here.

Does Columbus Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Columbus Savings Bank offer personal loans?

Compare personal loan rates here.

Does Columbus Savings Bank offer student loans?

Will Columbus Savings Bank cash a check?

Will Columbus Savings Bank redeem a savings bond?

Does Columbus Savings Bank cash savings bonds?

Will Columbus Savings Bank cash money orders?

Can Columbus Savings Bank issue a money order?

Does Columbus Savings Bank do currency exchange?

Background on The Bank

Who owns Columbus Savings Bank?

How long has Columbus Savings Bank been around?

Can Columbus Savings Bank transfer to other banks?

Does Columbus Savings Bank have quick pay?

Does Columbus Savings Bank accept rolled coins?

Will Columbus Savings Bank accept loose change?

Where is Columbus Savings Bank headquarters?

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