First Business Bank

Headquarters

401 Charmany Drive
Madison, WI 53719
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.02% 0.66% →
1-Year CD 0.05% 0.67% →
2-Year CD 0.71% 0.75% →
5-Year CD 0.71% 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 Business Bank is an FDIC insured institution located in Madison, WI. It was founded in 1909 and has approximately $2.56 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 15229
Date Established 1909
Assets $ 2.56 billion
Loans $ 2.13 billion
Deposits $ 1,858.89 million
Capital $ 232.62 million
 

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

Deposit Rates - April 14, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.02% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.35% $2,500 - Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
Premium Money Market Account
0.05% $10,000 $14,999 Learn More
Premium Money Market Account
0.05% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.05% $10,000 - Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.71% $10,000 - Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.71% $10,000 - Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
36 Mo CD
0.40% $10,000 $14,999 Learn More
36 Mo CD
0.71% $10,000 - Learn More
36 Mo CD
0.40% $100,000 $199,999 Learn More
60 Mo CD
0.55% $10,000 $14,999 Learn More
60 Mo CD
0.71% $10,000 - Learn More
60 Mo CD
0.55% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.02% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $1 - Learn MoreShow Less
Int Ckg
0.02% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - April 14, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Business 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 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.698% 2.625% 1.00 $2,370 $1,005 Learn More
ConsumerDirect Mortgage
NMLS ID: 472433
2.966% 2.875% 0.88 $2,928 $1,038 Learn More
Morty, Inc.
NMLS ID: 1429243
2.700% 2.625% 0.63 $2,470 $1,005 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to First Business Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

First Business 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


First Business Bank Locations


Financial Details

First Business Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Business 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
First Business Bank U.S. Bank Average
10.19% 5.49%

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, 2020, First Business Bank had $26,617,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $232,620,000 in equity and $28,521,000 in loans loss reserves. That gives it a Texas Ratio of 10.19%.

Return on Equity
First Business Bank U.S. Bank Average
9.46% 9.24%

First Business Bank has a Return on Equity of 9.46% versus the BestCashCow average of 9.24%. 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 Business Bank U.S. Bank Average
9.1% 11.96%

First Business Bank has a Capitalization of 9.1% versus the BestCashCow average of 11.96. 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 Business Bank Balance Sheet Analysis

As of December 31, 2020, First Business Bank had assets of $2,556,560,000, loans of $2,126,145,000, and deposits of $1,858,893,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 59.17 million
Interest-bearing balances $ 29.63 million
Total securities $ 208.02 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.13 billion
Loan loss allowance $ 28.52 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 12.02 million
All other assets $ 148.52 million
     Total Assets $ 2.32 billion
LIABILITIES
Total deposits $ 1,858.89 million
      Interest-bearing deposits $ 1,382.70 million
      Deposits held in domestic offices $ 1,858.89 million
      % insured (estimated) 55.22%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 397.69 million
Subordinated debt N.A.
All other liabilities $ 67.36 million
      Total Liabilities $ 2.32 billion
      Shareholders’ Equity $ 232.62 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 94.18 million
Total Interest Expense $ 14.57 million
Net interest income $ 79.61 million
Provision for loan and lease losses $ 16.81 million
Total non interest income $ 26.36 million
Total non interest expense $ 65.16 million
Pre-tax Net Operating Income $ 24.00 million

Bank Loan Profile?

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

Compared to other banks in Wisconsin, First Business Bank 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 2.17
Multifamily
Mortgages
14.65
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 3.55
Construction and Development Loans 8.98
Commercial Real Estate 35.38
Commercial and Industrial Loans 34.85
Farm Loans 0.00

Frequently Asked Questions About First Business Bank

Branches and Savings

Is First Business Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15229.

Why does First Business Bank pay such low interest on savings accounts?

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

Why are First Business Bank CD rates not competitive?

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

Is First Business Bank a commercial bank?

Yes

Where are First Business Bank locations?

See branch locations nearby.

Is First Business Bank open on Saturdays?

Is First Business Bank open on Sundays?

What time does First Business Bank open?

What time does First Business Bank close?

Are First Business Bank ATMs Open 24/7?

Do First Business Bank ATMs accept cash deposits?

Can First Business Bank customers use other ATMs?

Do First Business Bank branches have notaries?

Will First Business Bank notarize my document?

What address for First Business Bank should I put for incoming ACH transfers?

Will the First Business Bank branch print checks?

Do First Business Bank checks expire?

Does First Business Bank require US citizenship to open account?

Can First Business Bank close my account?

Does First Business Bank Report to credit bureaus?

Does First Business Bank Use Equifax?

What is First Business Bank's ACH Routing Number?

What is First Business Bank's SWIFT code?

Products

Does First Business Bank offer mortgages?

Compare mortgage rates here.

Does First Business Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Business Bank offer personal loans?

Compare personal loan rates here.

Does First Business Bank offer student loans?

Will First Business Bank cash a check?

Will First Business Bank redeem a savings bond?

Does First Business Bank cash savings bonds?

Will First Business Bank cash money orders?

Can First Business Bank issue a money order?

Does First Business Bank do currency exchange?

Background on The Bank

Who owns First Business Bank?

How long has First Business Bank been around?

Can First Business Bank transfer to other banks?

Does First Business Bank have quick pay?

Does First Business Bank accept rolled coins?

Will First Business Bank accept loose change?

Where is First Business Bank headquarters?

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