First Banking Center

Headquarters

400 Milwaukee Avenue
Burlington, WI 53105
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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

First Banking Center is an FDIC insured institution located in Burlington, WI. It was founded in 1920 and has approximately $0.75 billion in assets.

First Banking Center, Burlington, Wisconsin, was closed November 19, 2010 by the Wisconsin Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First Michigan Bank, Troy, Michigan, to assume all of the deposits of First Banking Center.

FDIC Insured Yes
FDIC Certificate # 5287
Date Established 1920
Assets $ 750.72 million
Loans $ 521.16 million
Deposits $ 664.75 million
Capital $ 8.46 million
 

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

Deposit Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Banking Center

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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2.565% 2.500% 0.88 $2,142 $988 Learn More
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NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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2.240 %
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Note to First Banking Center
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Branches

First Banking Center 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


First Banking Center Locations


Financial Details

First Banking Center Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Banking Center. 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 Banking Center U.S. Bank Average
227.08% 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, First Banking Center had $87,110,000 in non-current loans and $16,639,000 in owned real estate. To cover these potential losses it had $8,463,000 in equity and $37,225,000 in loans loss reserves. That gives it a Texas Ratio of 227.08%.

Return on Equity
First Banking Center U.S. Bank Average
-167.79% 7.80%

First Banking Center has a Return on Equity of -167.79% 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
First Banking Center U.S. Bank Average
1.13% 12.68%

First Banking Center has a Capitalization of 1.13% 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.

First Banking Center Balance Sheet Analysis

As of November 30, -0001, First Banking Center had assets of $750,724,000, loans of $521,159,000, and deposits of $664,752,000. 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 $ 521.16 million
Loan loss allowance $ 37.23 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 16.64 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 664.75 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 $ 750.72 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 First Banking Center’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, First Banking Center’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 First Banking Center

Branches and Savings

Is First Banking Center FDIC insured?

Yes. It is covered under FDIC Certificate #5287.

Why does First Banking Center pay such low interest on savings accounts?

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

Why are First Banking Center CD rates not competitive?

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

Is First Banking Center a commercial bank?

Yes

Where are First Banking Center locations?

See branch locations nearby.

Is First Banking Center open on Saturdays?

Is First Banking Center open on Sundays?

What time does First Banking Center open?

What time does First Banking Center close?

Are First Banking Center ATMs Open 24/7?

Do First Banking Center ATMs accept cash deposits?

Can First Banking Center customers use other ATMs?

Do First Banking Center branches have notaries?

Will First Banking Center notarize my document?

What address for First Banking Center should I put for incoming ACH transfers?

Will the First Banking Center branch print checks?

Do First Banking Center checks expire?

Does First Banking Center require US citizenship to open account?

Can First Banking Center close my account?

Does First Banking Center Report to credit bureaus?

Does First Banking Center Use Equifax?

What is First Banking Center's ACH Routing Number?

What is First Banking Center's SWIFT code?

Products

Does First Banking Center offer mortgages?

Compare mortgage rates here.

Does First Banking Center offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Banking Center offer personal loans?

Compare personal loan rates here.

Does First Banking Center offer student loans?

Will First Banking Center cash a check?

Will First Banking Center redeem a savings bond?

Does First Banking Center cash savings bonds?

Will First Banking Center cash money orders?

Can First Banking Center issue a money order?

Does First Banking Center do currency exchange?

Background on The Bank

Who owns First Banking Center?

How long has First Banking Center been around?

Can First Banking Center transfer to other banks?

Does First Banking Center have quick pay?

Does First Banking Center accept rolled coins?

Will First Banking Center accept loose change?

Where is First Banking Center headquarters?

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