GreenChoice Bank, fsb

Headquarters

2545 West Diversey Avenue
Chicago, IL 60647
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

GreenChoice Bank, fsb is an FDIC insured institution located in Chicago, IL. It was founded in 1910 and has approximately $0.07 billion in assets.

FDIC Insured Yes
FDIC Certificate # 28462
Date Established 1910
Assets $ 70.29 million
Loans $ 48.02 million
Deposits $ 68.72 million
Capital $ 1.18 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for GreenChoice Bank, fsb

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 $2,122 $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
More Info

Note to GreenChoice Bank, fsb
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Branches

GreenChoice Bank, fsb 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


GreenChoice Bank, fsb Locations


Financial Details

GreenChoice Bank, fsb Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of GreenChoice Bank, fsb. 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
GreenChoice Bank, fsb U.S. Bank Average
387.91% 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, GreenChoice Bank, fsb had $3,887,000 in non-current loans and $3,848,000 in owned real estate. To cover these potential losses it had $1,181,000 in equity and $813,000 in loans loss reserves. That gives it a Texas Ratio of 387.91%.

Return on Equity
GreenChoice Bank, fsb U.S. Bank Average
-113.86% 7.80%

GreenChoice Bank, fsb has a Return on Equity of -113.86% 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
GreenChoice Bank, fsb U.S. Bank Average
1.68% 12.68%

GreenChoice Bank, fsb has a Capitalization of 1.68% 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.

GreenChoice Bank, fsb Balance Sheet Analysis

As of June 30, 2014, GreenChoice Bank, fsb had assets of $70,286,000, loans of $48,019,000, and deposits of $68,722,000. 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 $ 48.02 million
Loan loss allowance $ 0.81 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.85 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 68.72 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 $ 70.29 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 GreenChoice Bank, fsb’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Illinois, GreenChoice Bank, fsb has a significantly higher percent of Multifamily Mortgages, Small Business Loans, Commercial Real Estate 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 37.28
Multifamily
Mortgages
20.21
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 37.27
Construction and Development Loans 1.14
Commercial Real Estate 37.87
Commercial and Industrial Loans 4.04
Farm Loans 0.00

Frequently Asked Questions About Greenchoice Bank, Fsb

Branches and Savings

Is Greenchoice Bank, Fsb FDIC insured?

Yes. It is covered under FDIC Certificate #28462.

Why does Greenchoice Bank, Fsb pay such low interest on savings accounts?

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

Why are Greenchoice Bank, Fsb CD rates not competitive?

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

Is Greenchoice Bank, Fsb a commercial bank?

Yes

Where are Greenchoice Bank, Fsb locations?

See branch locations nearby.

Is Greenchoice Bank, Fsb open on Saturdays?

Is Greenchoice Bank, Fsb open on Sundays?

What time does Greenchoice Bank, Fsb open?

What time does Greenchoice Bank, Fsb close?

Are Greenchoice Bank, Fsb ATMs Open 24/7?

Do Greenchoice Bank, Fsb ATMs accept cash deposits?

Can Greenchoice Bank, Fsb customers use other ATMs?

Do Greenchoice Bank, Fsb branches have notaries?

Will Greenchoice Bank, Fsb notarize my document?

What address for Greenchoice Bank, Fsb should I put for incoming ACH transfers?

Will the Greenchoice Bank, Fsb branch print checks?

Do Greenchoice Bank, Fsb checks expire?

Does Greenchoice Bank, Fsb require US citizenship to open account?

Can Greenchoice Bank, Fsb close my account?

Does Greenchoice Bank, Fsb Report to credit bureaus?

Does Greenchoice Bank, Fsb Use Equifax?

What is Greenchoice Bank, Fsb's ACH Routing Number?

What is Greenchoice Bank, Fsb's SWIFT code?

Products

Does Greenchoice Bank, Fsb offer mortgages?

Compare mortgage rates here.

Does Greenchoice Bank, Fsb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Greenchoice Bank, Fsb offer personal loans?

Compare personal loan rates here.

Does Greenchoice Bank, Fsb offer student loans?

Will Greenchoice Bank, Fsb cash a check?

Will Greenchoice Bank, Fsb redeem a savings bond?

Does Greenchoice Bank, Fsb cash savings bonds?

Will Greenchoice Bank, Fsb cash money orders?

Can Greenchoice Bank, Fsb issue a money order?

Does Greenchoice Bank, Fsb do currency exchange?

Background on The Bank

Who owns Greenchoice Bank, Fsb?

How long has Greenchoice Bank, Fsb been around?

Can Greenchoice Bank, Fsb transfer to other banks?

Does Greenchoice Bank, Fsb have quick pay?

Does Greenchoice Bank, Fsb accept rolled coins?

Will Greenchoice Bank, Fsb accept loose change?

Where is Greenchoice Bank, Fsb headquarters?

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