First Secure Community Bank

Headquarters

670 Sugar Grove Parkway (Route 47)
Sugar Grove, IL 60554
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.35% 0.75% →
2-Year CD 0.55% 0.80% →
5-Year CD 1.30% 1.10% →
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 Secure Community Bank is an FDIC insured institution located in Sugar Grove, IL. It was founded in 2000 and has approximately $0.5 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 35223
Date Established 2000
Assets $ 495.37 million
Loans $ 299.03 million
Deposits $ 427.49 million
Capital $ 39.56 million
 

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

Deposit Rates - October 18, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.30% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.65% $10,000 $14,999 Learn More
Money Market
0.30% $10,000 $14,999 Learn More
Money Market
0.40% $25,000 $29,999 Learn More
Money Market
0.65% $25,000 $29,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.35% $10,000 $14,999 Learn More
12 Mo CD
0.35% $100,000 $199,999 Learn More
18 Mo CD
0.45% $10,000 $14,999 Learn More
18 Mo CD
0.45% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
30 Mo CD
0.60% $10,000 $14,999 Learn More
30 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
0.90% $10,000 $14,999 Learn More
48 Mo CD
0.90% $100,000 $199,999 Learn More
60 Mo CD
1.30% $10,000 $14,999 Learn More
60 Mo CD
1.30% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.20% $2,500 $3,499 Learn MoreShow Less
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - October 18, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Secure Community 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 (%) Monthly
Payment
Learn More
PADDIO
NMLS ID: 1907
2.903% 2.750%
1.00 points
$5,000 fees
$1,021 Learn More
Better.com
NMLS ID: 330511
3.152% 3.125%
0.38 points
$875 fees
$1,071 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
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
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

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

Branches

First Secure Community 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 Secure Community Bank Locations



Climate Initiatives

First Secure Community Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

First Secure Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Secure Community 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 Secure Community Bank U.S. Bank Average
23.77% 4.78%

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 June 30, 2021, First Secure Community Bank had $10,328,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $39,557,000 in equity and $3,884,000 in loans loss reserves. That gives it a Texas Ratio of 23.77%.

Return on Equity
First Secure Community Bank U.S. Bank Average
6.85% 11.29%

First Secure Community Bank has a Return on Equity of 6.85% versus the BestCashCow average of 11.29%. 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 Secure Community Bank U.S. Bank Average
7.99% 11.72%

First Secure Community Bank has a Capitalization of 7.99% versus the BestCashCow average of 11.72. 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 Secure Community Bank Balance Sheet Analysis

As of June 30, 2021, First Secure Community Bank had assets of $495,373,000, loans of $299,030,000, and deposits of $427,485,000. 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

June 30, 2021
ASSETS
Cash & Balances due from depository institutions $ 87.14 million
Interest-bearing balances $ 82.77 million
Total securities $ 85.63 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 299.03 million
Loan loss allowance $ 3.88 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.14 million
All other assets $ 3.94 million
     Total Assets $ 455.82 million
LIABILITIES
Total deposits $ 427.49 million
      Interest-bearing deposits $ 348.30 million
      Deposits held in domestic offices $ 427.49 million
      % insured (estimated) 81.14%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 26.40 million
Subordinated debt N.A.
All other liabilities $ 1.93 million
      Total Liabilities $ 455.82 million
      Shareholders’ Equity $ 39.56 million

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 8.05 million
Total Interest Expense $ 1.52 million
Net interest income $ 6.53 million
Provision for loan and lease losses $ 0.45 million
Total non interest income $ 0.23 million
Total non interest expense $ 4.28 million
Pre-tax Net Operating Income $ 2.03 million

Bank Loan Profile?

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

Compared to other banks in Illinois, First Secure Community Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate, 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 4.56
Multifamily
Mortgages
3.91
Credit Card Loans 0.00
Consumer Auto Loans 0.04
Small Business Loans 16.56
Construction and Development Loans 3.38
Commercial Real Estate 46.39
Commercial and Industrial Loans 38.44
Farm Loans 0.00

Frequently Asked Questions About First Secure Community Bank

Branches and Savings

Is First Secure Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35223.

Why does First Secure Community 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 Secure Community Bank CD rates not competitive?

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

Is First Secure Community Bank a commercial bank?

Yes

Where are First Secure Community Bank locations?

See branch locations nearby.

Is First Secure Community Bank open on Saturdays?

Is First Secure Community Bank open on Sundays?

What time does First Secure Community Bank open?

What time does First Secure Community Bank close?

Are First Secure Community Bank ATMs Open 24/7?

Do First Secure Community Bank ATMs accept cash deposits?

Can First Secure Community Bank customers use other ATMs?

Do First Secure Community Bank branches have notaries?

Will First Secure Community Bank notarize my document?

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

Will the First Secure Community Bank branch print checks?

Do First Secure Community Bank checks expire?

Does First Secure Community Bank require US citizenship to open account?

Can First Secure Community Bank close my account?

Does First Secure Community Bank Report to credit bureaus?

Does First Secure Community Bank Use Equifax?

What is First Secure Community Bank's ACH Routing Number?

What is First Secure Community Bank's SWIFT code?

Products

Does First Secure Community Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Secure Community Bank offer personal loans?

Compare personal loan rates here.

Does First Secure Community Bank offer student loans?

Will First Secure Community Bank cash a check?

Will First Secure Community Bank redeem a savings bond?

Does First Secure Community Bank cash savings bonds?

Will First Secure Community Bank cash money orders?

Can First Secure Community Bank issue a money order?

Does First Secure Community Bank do currency exchange?

Background on The Bank

Who owns First Secure Community Bank?

How long has First Secure Community Bank been around?

Can First Secure Community Bank transfer to other banks?

Does First Secure Community Bank have quick pay?

Does First Secure Community Bank accept rolled coins?

Will First Secure Community Bank accept loose change?

Where is First Secure Community Bank headquarters?

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