First National Bank of La Grange

Headquarters

620 West Burlington Street
La Grange, IL 60525
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
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 National Bank of La Grange is an FDIC insured institution located in La Grange, IL. It was founded in 1934 and has approximately $0.34 billion in assets.

FDIC Insured Yes
FDIC Certificate # 13682
Date Established 1934
Assets $ 335.60 million
Loans $ 163.23 million
Deposits $ 303.85 million
Capital $ 31.00 million
 

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

Deposit Rates - September 20, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 20, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First National Bank of La Grange

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
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Note to First National Bank of La Grange
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Branches

First National Bank of La Grange 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 National Bank of La Grange Locations


Financial Details

First National Bank of La Grange Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First National Bank of La Grange. 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 National Bank of La Grange U.S. Bank Average
14.97% 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 National Bank of La Grange had $4,710,000 in non-current loans and $268,000 in owned real estate. To cover these potential losses it had $31,002,000 in equity and $2,253,000 in loans loss reserves. That gives it a Texas Ratio of 14.97%.

Return on Equity
First National Bank of La Grange U.S. Bank Average
13.63% 7.80%

First National Bank of La Grange has a Return on Equity of 13.63% 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 National Bank of La Grange U.S. Bank Average
9.24% 12.68%

First National Bank of La Grange has a Capitalization of 9.24% 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 National Bank of La Grange Balance Sheet Analysis

As of September 30, 2014, First National Bank of La Grange had assets of $335,598,000, loans of $163,231,000, and deposits of $303,849,000. 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 $ 163.23 million
Loan loss allowance $ 2.25 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.27 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 303.85 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 $ 335.60 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 National Bank of La Grange’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Illinois, First National Bank of La Grange 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 53.96
Multifamily
Mortgages
6.40
Credit Card Loans 0.33
Consumer Auto Loans 0.07
Small Business Loans 10.74
Construction and Development Loans 4.60
Commercial Real Estate 28.91
Commercial and Industrial Loans 6.88
Farm Loans 0.00

Frequently Asked Questions About First National Bank Of La Grange

Branches and Savings

Is First National Bank Of La Grange FDIC insured?

Yes. It is covered under FDIC Certificate #13682.

Why does First National Bank Of La Grange pay such low interest on savings accounts?

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

Why are First National Bank Of La Grange CD rates not competitive?

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

Is First National Bank Of La Grange a commercial bank?

Yes

Where are First National Bank Of La Grange locations?

See branch locations nearby.

Is First National Bank Of La Grange open on Saturdays?

Is First National Bank Of La Grange open on Sundays?

What time does First National Bank Of La Grange open?

What time does First National Bank Of La Grange close?

Are First National Bank Of La Grange ATMs Open 24/7?

Do First National Bank Of La Grange ATMs accept cash deposits?

Can First National Bank Of La Grange customers use other ATMs?

Do First National Bank Of La Grange branches have notaries?

Will First National Bank Of La Grange notarize my document?

What address for First National Bank Of La Grange should I put for incoming ACH transfers?

Will the First National Bank Of La Grange branch print checks?

Do First National Bank Of La Grange checks expire?

Does First National Bank Of La Grange require US citizenship to open account?

Can First National Bank Of La Grange close my account?

Does First National Bank Of La Grange Report to credit bureaus?

Does First National Bank Of La Grange Use Equifax?

What is First National Bank Of La Grange's ACH Routing Number?

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Products

Does First National Bank Of La Grange offer mortgages?

Compare mortgage rates here.

Does First National Bank Of La Grange offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First National Bank Of La Grange offer personal loans?

Compare personal loan rates here.

Does First National Bank Of La Grange offer student loans?

Will First National Bank Of La Grange cash a check?

Will First National Bank Of La Grange redeem a savings bond?

Does First National Bank Of La Grange cash savings bonds?

Will First National Bank Of La Grange cash money orders?

Can First National Bank Of La Grange issue a money order?

Does First National Bank Of La Grange do currency exchange?

Background on The Bank

Who owns First National Bank Of La Grange?

How long has First National Bank Of La Grange been around?

Can First National Bank Of La Grange transfer to other banks?

Does First National Bank Of La Grange have quick pay?

Does First National Bank Of La Grange accept rolled coins?

Will First National Bank Of La Grange accept loose change?

Where is First National Bank Of La Grange headquarters?

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