First Federal Savings and Loan Association of Mattoon

Headquarters

1111 Charleston Avenue
Mattoon, IL 61938
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.70% →
1-Year CD N.A. 0.71% →
2-Year CD N.A. 0.81% →
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 Federal Savings and Loan Association of Mattoon is an FDIC insured institution located in Mattoon, IL. It was founded in 1889 and has approximately $0.09 billion in assets.

FDIC Insured Yes
FDIC Certificate # 27858
Date Established 1889
Assets $ 87.67 million
Loans $ 38.97 million
Deposits $ 61.35 million
Capital $ 25.44 million
 

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

Deposit Rates - January 26, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - January 26, 2021

Your Current Location: Connecticut, CT 06828

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

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




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Note to First Federal Savings and Loan Association of Mattoon
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Branches

First Federal Savings and Loan Association of Mattoon 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 Federal Savings and Loan Association of Mattoon Locations


Financial Details

First Federal Savings and Loan Association of Mattoon 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 Mattoon. 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 Mattoon U.S. Bank Average
1.23% 6.14%

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 September 30, 2020, First Federal Savings and Loan Association of Mattoon had $186,000 in non-current loans and $131,000 in owned real estate. To cover these potential losses it had $25,438,000 in equity and $401,000 in loans loss reserves. That gives it a Texas Ratio of 1.23%.

Return on Equity
First Federal Savings and Loan Association of Mattoon U.S. Bank Average
1.61% 9.23%

First Federal Savings and Loan Association of Mattoon has a Return on Equity of 1.61% versus the BestCashCow average of 9.23%. 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 Mattoon U.S. Bank Average
29.01% 12.07%

First Federal Savings and Loan Association of Mattoon has a Capitalization of 29.01% versus the BestCashCow average of 12.07. 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 Mattoon Balance Sheet Analysis

As of March 31, 2015, First Federal Savings and Loan Association of Mattoon had assets of $88,199,000, loans of $38,968,000, and deposits of $61,347,000. 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

September 30, 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 $ 38.97 million
Loan loss allowance $ 0.40 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.13 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 61.35 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 $ 87.67 million

Summary Income Statement

September 30, 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 Mattoon’s loan portfolio are 1-4 Family Residential Loans, Small Business Loans, and Commercial Real Estate.

Compared to other banks in Illinois, First Federal Savings and Loan Association of Mattoon has a significantly higher percent of 1-4 Family Residential Loans, Small Business 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 59.45
Multifamily
Mortgages
9.11
Credit Card Loans 0.00
Consumer Auto Loans 1.33
Small Business Loans 17.67
Construction and Development Loans 0.12
Commercial Real Estate 17.67
Commercial and Industrial Loans 9.00
Farm Loans 0.00

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

Branches and Savings

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

Yes. It is covered under FDIC Certificate #27858.

Why does First Federal Savings And Loan Association Of Mattoon 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 Mattoon 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 Mattoon a commercial bank?

Yes

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

See branch locations nearby.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Products

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

Compare mortgage rates here.

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

Compare personal loan rates here.

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

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

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

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

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

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

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

Background on The Bank

Who owns First Federal Savings And Loan Association Of Mattoon?

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

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

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

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

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

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

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