First Federal Savings and Loan Association of Kewanee

Headquarters

101 W Central Blvd
Kewanee, IL 61443
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 Federal Savings and Loan Association of Kewanee is an FDIC insured institution located in Kewanee, IL. It was founded in 1882 and has approximately $0.06 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 29611
Date Established 1882
Assets $ 64.13 million
Loans $ 24.02 million
Deposits $ 56.90 million
Capital $ 7.02 million
 

For a more detailed analysis of First Federal Savings and Loan Association of Kewanee's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98101


Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98101

There are currently no loan rates available for First Federal Savings and Loan Association of Kewanee

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




Featured - Washington 30 Year Fixed Mortgage Rates 2020

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License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More
AimLoan.com
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License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
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NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to First Federal Savings and Loan Association of Kewanee
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Branches

First Federal Savings and Loan Association of Kewanee branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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First Federal Savings and Loan Association of Kewanee Locations


Financial Details

First Federal Savings and Loan Association of Kewanee Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Federal Savings and Loan Association of Kewanee. 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 Federal Savings and Loan Association of Kewanee U.S. Bank Average
13.27% 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 Federal Savings and Loan Association of Kewanee had $456,000 in non-current loans and $534,000 in owned real estate. To cover these potential losses it had $7,017,000 in equity and $445,000 in loans loss reserves. That gives it a Texas Ratio of 13.27%.

Return on Equity
First Federal Savings and Loan Association of Kewanee U.S. Bank Average
-0.46% 7.80%

First Federal Savings and Loan Association of Kewanee has a Return on Equity of -0.46% 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 Federal Savings and Loan Association of Kewanee U.S. Bank Average
10.94% 12.68%

First Federal Savings and Loan Association of Kewanee has a Capitalization of 10.94% 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 Federal Savings and Loan Association of Kewanee Balance Sheet Analysis

As of March 31, 2015, First Federal Savings and Loan Association of Kewanee had assets of $59,087,000, loans of $24,021,000, and deposits of $56,895,000. 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 $ 24.02 million
Loan loss allowance $ 0.45 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.53 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 56.90 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 $ 64.13 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 Federal Savings and Loan Association of Kewanee’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in Illinois, First Federal Savings and Loan Association of Kewanee 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 96.33
Multifamily
Mortgages
0.19
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.04
Construction and Development Loans 0.00
Commercial Real Estate 1.04
Commercial and Industrial Loans 3.53
Farm Loans 0.00

Frequently Asked Questions About First Federal Savings And Loan Association Of Kewanee

Branches and Savings

Is First Federal Savings And Loan Association Of Kewanee FDIC insured?

Yes. It is covered under FDIC Certificate #29611.

Why does First Federal Savings And Loan Association Of Kewanee pay such low interest on savings accounts?

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

Why are First Federal Savings And Loan Association Of Kewanee CD rates not competitive?

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

Is First Federal Savings And Loan Association Of Kewanee a commercial bank?

Yes

Where are First Federal Savings And Loan Association Of Kewanee locations?

See branch locations nearby.

Is First Federal Savings And Loan Association Of Kewanee open on Saturdays?

Is First Federal Savings And Loan Association Of Kewanee open on Sundays?

What time does First Federal Savings And Loan Association Of Kewanee open?

What time does First Federal Savings And Loan Association Of Kewanee close?

Are First Federal Savings And Loan Association Of Kewanee ATMs Open 24/7?

Do First Federal Savings And Loan Association Of Kewanee ATMs accept cash deposits?

Can First Federal Savings And Loan Association Of Kewanee customers use other ATMs?

Do First Federal Savings And Loan Association Of Kewanee branches have notaries?

Will First Federal Savings And Loan Association Of Kewanee notarize my document?

What address for First Federal Savings And Loan Association Of Kewanee should I put for incoming ACH transfers?

Will the First Federal Savings And Loan Association Of Kewanee branch print checks?

Do First Federal Savings And Loan Association Of Kewanee checks expire?

Does First Federal Savings And Loan Association Of Kewanee require US citizenship to open account?

Can First Federal Savings And Loan Association Of Kewanee close my account?

Does First Federal Savings And Loan Association Of Kewanee Report to credit bureaus?

Does First Federal Savings And Loan Association Of Kewanee Use Equifax?

What is First Federal Savings And Loan Association Of Kewanee's ACH Routing Number?

What is First Federal Savings And Loan Association Of Kewanee's SWIFT code?

Products

Does First Federal Savings And Loan Association Of Kewanee offer mortgages?

Compare mortgage rates here.

Does First Federal Savings And Loan Association Of Kewanee offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Federal Savings And Loan Association Of Kewanee offer personal loans?

Compare personal loan rates here.

Does First Federal Savings And Loan Association Of Kewanee offer student loans?

Will First Federal Savings And Loan Association Of Kewanee cash a check?

Will First Federal Savings And Loan Association Of Kewanee redeem a savings bond?

Does First Federal Savings And Loan Association Of Kewanee cash savings bonds?

Will First Federal Savings And Loan Association Of Kewanee cash money orders?

Can First Federal Savings And Loan Association Of Kewanee issue a money order?

Does First Federal Savings And Loan Association Of Kewanee do currency exchange?

Background on The Bank

Who owns First Federal Savings And Loan Association Of Kewanee?

How long has First Federal Savings And Loan Association Of Kewanee been around?

Can First Federal Savings And Loan Association Of Kewanee transfer to other banks?

Does First Federal Savings And Loan Association Of Kewanee have quick pay?

Does First Federal Savings And Loan Association Of Kewanee accept rolled coins?

Will First Federal Savings And Loan Association Of Kewanee accept loose change?

Where is First Federal Savings And Loan Association Of Kewanee headquarters?

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