Hoyne Savings Bank

Headquarters

4786 Milwaukee Avenue
Chicago, IL 60630
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.55% 1.15% →
2-Year CD 0.65% 1.26% →
5-Year CD 0.75% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Hoyne Savings Bank is an FDIC insured institution located in Chicago, IL. It was founded in 1887 and has approximately $0.44 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 28747
Date Established 1887
Assets $ 443.42 million
Loans $ 207.84 million
Deposits $ 363.64 million
Capital $ 77.73 million
 

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

Deposit Rates - July 11, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $100 - Learn More
Money Market
0.05% $1 $9,999 Learn More
Money Market
0.10% $10,000 $24,999 Learn More
Money Market
0.15% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $1,000 - Learn More
6 Mo CD
0.15% $1,000 - Learn More
Special: 7 Mo CD
0.55% $1,000 - Learn More
12 Mo CD
0.55% $500 - Learn More
18 Mo CD
0.55% $500 - Learn More
Special: 24 Mo CD
0.65% $500 - Learn More
24 Mo CD
0.65% $500 - Learn More
30 Mo CD
0.65% $500 - Learn More
60 Mo CD
0.75% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.55% $500 - Learn MoreShow Less
Special: 7 Mo FIRA
0.55% $1,000 - Learn MoreShow Less
Special: 24 Mo FIRA
0.65% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 - Learn MoreShow Less

Loan Rates - July 11, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Hoyne Savings Bank

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

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Payment
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AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.950% 2.875% 1.00 $2,438 $1,038 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
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Note to Hoyne Savings Bank
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Branches

Hoyne Savings 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:
Ashburn,Virginia


Hoyne Savings Bank Locations


Financial Details

Hoyne Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Hoyne Savings 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
Hoyne Savings Bank U.S. Bank Average
1.75% 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, Hoyne Savings Bank had $1,375,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $77,731,000 in equity and $1,003,000 in loans loss reserves. That gives it a Texas Ratio of 1.75%.

Return on Equity
Hoyne Savings Bank U.S. Bank Average
0.01% 7.80%

Hoyne Savings Bank has a Return on Equity of 0.01% 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
Hoyne Savings Bank U.S. Bank Average
17.53% 12.68%

Hoyne Savings Bank has a Capitalization of 17.53% 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.

Hoyne Savings Bank Balance Sheet Analysis

As of March 31, 2020, Hoyne Savings Bank had assets of $443,416,000, loans of $207,842,000, and deposits of $363,644,000. 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 $ 41.19 million
Interest-bearing balances $ 38.88 million
Total securities $ 175.20 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 207.84 million
Loan loss allowance $ 1.00 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.33 million
All other assets $ 9.85 million
     Total Assets $ 365.69 million
LIABILITIES
Total deposits $ 363.64 million
      Interest-bearing deposits $ 351.67 million
      Deposits held in domestic offices $ 363.64 million
      % insured (estimated) 94.77%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 2.04 million
      Total Liabilities $ 365.69 million
      Shareholders’ Equity $ 77.73 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.48 million
Total Interest Expense $ 1.03 million
Net interest income $ 2.44 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.12 million
Total non interest expense $ 2.59 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Hoyne Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Commercial Real Estate.

Compared to other banks in Illinois, Hoyne Savings Bank has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages 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 68.92
Multifamily
Mortgages
21.57
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.53
Commercial Real Estate 9.57
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Hoyne Savings Bank

Branches and Savings

Is Hoyne Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #28747.

Why does Hoyne Savings Bank pay such low interest on savings accounts?

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

Why are Hoyne Savings Bank CD rates not competitive?

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

Is Hoyne Savings Bank a commercial bank?

Yes

Where are Hoyne Savings Bank locations?

See branch locations nearby.

Is Hoyne Savings Bank open on Saturdays?

Is Hoyne Savings Bank open on Sundays?

What time does Hoyne Savings Bank open?

What time does Hoyne Savings Bank close?

Are Hoyne Savings Bank ATMs Open 24/7?

Do Hoyne Savings Bank ATMs accept cash deposits?

Can Hoyne Savings Bank customers use other ATMs?

Do Hoyne Savings Bank branches have notaries?

Will Hoyne Savings Bank notarize my document?

What address for Hoyne Savings Bank should I put for incoming ACH transfers?

Will the Hoyne Savings Bank branch print checks?

Do Hoyne Savings Bank checks expire?

Does Hoyne Savings Bank require US citizenship to open account?

Can Hoyne Savings Bank close my account?

Does Hoyne Savings Bank Report to credit bureaus?

Does Hoyne Savings Bank Use Equifax?

What is Hoyne Savings Bank's ACH Routing Number?

What is Hoyne Savings Bank's SWIFT code?

Products

Does Hoyne Savings Bank offer mortgages?

Compare mortgage rates here.

Does Hoyne Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Hoyne Savings Bank offer personal loans?

Compare personal loan rates here.

Does Hoyne Savings Bank offer student loans?

Will Hoyne Savings Bank cash a check?

Will Hoyne Savings Bank redeem a savings bond?

Does Hoyne Savings Bank cash savings bonds?

Will Hoyne Savings Bank cash money orders?

Can Hoyne Savings Bank issue a money order?

Does Hoyne Savings Bank do currency exchange?

Background on The Bank

Who owns Hoyne Savings Bank?

How long has Hoyne Savings Bank been around?

Can Hoyne Savings Bank transfer to other banks?

Does Hoyne Savings Bank have quick pay?

Does Hoyne Savings Bank accept rolled coins?

Will Hoyne Savings Bank accept loose change?

Where is Hoyne Savings Bank headquarters?

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