First Bank of Highland Park

Headquarters

1835 First Street
Highland Park, IL 60035
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
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

First Bank of Highland Park is an FDIC insured institution located in Highland Park, IL. It was founded in 1955 and has approximately $1.93 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 17470
Date Established 1955
Assets $ 1,930.03 million
Loans $ 1,388.57 million
Deposits $ 1,502.38 million
Capital $ 186.20 million
 

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

Deposit Rates - September 22, 2021

Your Current Location: California, CA 92111

 

Loan Rates - September 22, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for First Bank of Highland Park

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




Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.349% 3.250%
0.75 points
$3,125 fees
$1,089 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to First Bank of Highland Park
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Branches

First Bank of Highland Park 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:
San Diego,California


First Bank of Highland Park Locations


Financial Details

First Bank of Highland Park Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Bank of Highland Park. 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
First Bank of Highland Park U.S. Bank Average
1.6% 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, First Bank of Highland Park had $2,193,000 in non-current loans and $998,000 in owned real estate. To cover these potential losses it had $186,197,000 in equity and $13,662,000 in loans loss reserves. That gives it a Texas Ratio of 1.6%.

Return on Equity
First Bank of Highland Park U.S. Bank Average
3.68% 11.43%

First Bank of Highland Park has a Return on Equity of 3.68% 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.

Capitalization
First Bank of Highland Park U.S. Bank Average
9.65% 11.51%

First Bank of Highland Park has a Capitalization of 9.65% 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.

First Bank of Highland Park Balance Sheet Analysis

As of March 31, 2021, First Bank of Highland Park had assets of $1,930,028,000, loans of $1,388,571,000, and deposits of $1,502,384,000. 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
ASSETS
Cash & Balances due from depository institutions $ 200.34 million
Interest-bearing balances $ 152.08 million
Total securities $ 321.13 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,388.57 million
Loan loss allowance $ 13.66 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.00 million
Goodwill and other intangibles N.A.
All other assets $ 16.07 million
     Total Assets $ 1,743.83 million
LIABILITIES
Total deposits $ 1,502.38 million
      Interest-bearing deposits $ 1,356.13 million
      Deposits held in domestic offices $ 1,502.38 million
      % insured (estimated) 74.50%
Federal funds purchased and repurchase agreements $ 41.04 million
Trading liabilities N.A.
Other borrowed funds $ 195.00 million
Subordinated debt N.A.
All other liabilities $ 5.41 million
      Total Liabilities $ 1,743.83 million
      Shareholders’ Equity $ 186.20 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 13.69 million
Total Interest Expense $ 3.19 million
Net interest income $ 10.51 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.55 million
Total non interest expense $ 8.08 million
Pre-tax Net Operating Income $ 2.97 million

Bank Loan Profile?

The top three loan types in First Bank of Highland Park’s loan portfolio are Commercial and Industrial Loans, Multifamily Mortgages, and Commercial Real Estate.

Compared to other banks in Illinois, First Bank of Highland Park has a significantly higher percent of Multifamily Mortgages, Commercial and Industrial 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 5.44
Multifamily
Mortgages
30.38
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 3.96
Commercial Real Estate 15.12
Commercial and Industrial Loans 45.99
Farm Loans 0.00

Frequently Asked Questions About First Bank Of Highland Park

Branches and Savings

Is First Bank Of Highland Park FDIC insured?

Yes. It is covered under FDIC Certificate #17470.

Why does First Bank Of Highland Park pay such low interest on savings accounts?

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

Why are First Bank Of Highland Park CD rates not competitive?

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

Is First Bank Of Highland Park a commercial bank?

Yes

Where are First Bank Of Highland Park locations?

See branch locations nearby.

Is First Bank Of Highland Park open on Saturdays?

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Are First Bank Of Highland Park ATMs Open 24/7?

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Products

Does First Bank Of Highland Park offer mortgages?

Compare mortgage rates here.

Does First Bank Of Highland Park offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Bank Of Highland Park offer personal loans?

Compare personal loan rates here.

Does First Bank Of Highland Park offer student loans?

Will First Bank Of Highland Park cash a check?

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Can First Bank Of Highland Park issue a money order?

Does First Bank Of Highland Park do currency exchange?

Background on The Bank

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