International Bank of Chicago

Headquarters

5069 North Broadway
Chicago, IL 60640
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 0.65% →
1-Year CD 0.55% 0.70% →
2-Year CD 0.75% 0.75% →
5-Year CD 0.90% 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

International Bank of Chicago is an FDIC insured institution located in Chicago, IL. It was founded in 1992 and has approximately $0.8 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 33708
Date Established 1992
Assets $ 796.53 million
Loans $ 557.24 million
Deposits $ 693.42 million
Capital $ 86.08 million
 

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

Deposit Rates - May 11, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $200 - Learn More
Money Market
0.30% $2,500 $9,999 Learn More
Money Market
0.30% $10,000 $99,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.50% $1,000 - Learn More
12 Mo CD
0.55% $1,000 - Learn More
Special: 13 Mo CD
1.10% $1,000 - Learn More
18 Mo CD
0.65% $1,000 - Learn More
Special: 19 Mo CD
1.15% $1,000 - Learn More
24 Mo CD
0.75% $1,000 - Learn More
30 Mo CD
0.75% $1,000 - Learn More
36 Mo CD
0.80% $1,000 - Learn More
48 Mo CD
0.90% $1,000 - Learn More
60 Mo CD
0.90% $1,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.20% $1,000 - Learn MoreShow Less
 

Loan Rates - May 11, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for International Bank of Chicago

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

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Payment
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NMLS ID: 541760
2.998% 2.925%
1.00 points
$2,365 fees
$1,044 Learn More
Rocket Mortgage
NMLS ID: 3030
3.368% 3.250%
1.00 points
$3,750 fees
$1,089 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
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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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BMO Harris Bank
BMO Harris Bank
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Intro APR 1.990 %
After Intro: 4.700 %
Intro Period: 12 months
$0 Learn More
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Note to International Bank of Chicago
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Branches

International Bank of Chicago 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


International Bank of Chicago Locations


Financial Details

International Bank of Chicago Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of International Bank of Chicago. 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
International Bank of Chicago U.S. Bank Average
24.32% 5.49%

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 December 31, 2020, International Bank of Chicago had $22,007,000 in non-current loans and $1,399,000 in owned real estate. To cover these potential losses it had $86,080,000 in equity and $10,146,000 in loans loss reserves. That gives it a Texas Ratio of 24.32%.

Return on Equity
International Bank of Chicago U.S. Bank Average
5.59% 9.24%

International Bank of Chicago has a Return on Equity of 5.59% versus the BestCashCow average of 9.24%. 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
International Bank of Chicago U.S. Bank Average
10.81% 11.96%

International Bank of Chicago has a Capitalization of 10.81% versus the BestCashCow average of 11.96. 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.

International Bank of Chicago Balance Sheet Analysis

As of December 31, 2020, International Bank of Chicago had assets of $796,525,000, loans of $557,240,000, and deposits of $693,416,000. 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

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 56.14 million
Interest-bearing balances $ 51.84 million
Total securities $ 166.29 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 557.24 million
Loan loss allowance $ 10.15 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.40 million
Goodwill and other intangibles $ 0.03 million
All other assets $ 6.94 million
     Total Assets $ 710.45 million
LIABILITIES
Total deposits $ 693.42 million
      Interest-bearing deposits $ 575.31 million
      Deposits held in domestic offices $ 693.42 million
      % insured (estimated) 68.33%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 14.00 million
Subordinated debt N.A.
All other liabilities $ 3.03 million
      Total Liabilities $ 710.45 million
      Shareholders’ Equity $ 86.08 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 28.75 million
Total Interest Expense $ 7.81 million
Net interest income $ 20.94 million
Provision for loan and lease losses $ 3.13 million
Total non interest income $ 2.76 million
Total non interest expense $ 16.64 million
Pre-tax Net Operating Income $ 3.94 million

Bank Loan Profile?

The top three loan types in International Bank of Chicago’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Illinois, International Bank of Chicago has a significantly higher percent of 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 27.39
Multifamily
Mortgages
4.53
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 15.44
Construction and Development Loans 5.30
Commercial Real Estate 51.43
Commercial and Industrial Loans 13.00
Farm Loans 0.00

Frequently Asked Questions About International Bank Of Chicago

Branches and Savings

Is International Bank Of Chicago FDIC insured?

Yes. It is covered under FDIC Certificate #33708.

Why does International Bank Of Chicago pay such low interest on savings accounts?

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

Why are International Bank Of Chicago CD rates not competitive?

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

Is International Bank Of Chicago a commercial bank?

Yes

Where are International Bank Of Chicago locations?

See branch locations nearby.

Is International Bank Of Chicago open on Saturdays?

Mandy | May 08, 2021

Yes

Is International Bank Of Chicago open on Sundays?

Mandy | May 08, 2021

Close

What time does International Bank Of Chicago open?

What time does International Bank Of Chicago close?

Are International Bank Of Chicago ATMs Open 24/7?

Do International Bank Of Chicago ATMs accept cash deposits?

Can International Bank Of Chicago customers use other ATMs?

Do International Bank Of Chicago branches have notaries?

Will International Bank Of Chicago notarize my document?

What address for International Bank Of Chicago should I put for incoming ACH transfers?

Will the International Bank Of Chicago branch print checks?

Do International Bank Of Chicago checks expire?

Does International Bank Of Chicago require US citizenship to open account?

Can International Bank Of Chicago close my account?

Does International Bank Of Chicago Report to credit bureaus?

Does International Bank Of Chicago Use Equifax?

What is International Bank Of Chicago's ACH Routing Number?

What is International Bank Of Chicago's SWIFT code?

Products

Does International Bank Of Chicago offer mortgages?

Compare mortgage rates here.

Mandy | May 08, 2021

Yes

Does International Bank Of Chicago offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does International Bank Of Chicago offer personal loans?

Compare personal loan rates here.

Does International Bank Of Chicago offer student loans?

Will International Bank Of Chicago cash a check?

Will International Bank Of Chicago redeem a savings bond?

Does International Bank Of Chicago cash savings bonds?

Will International Bank Of Chicago cash money orders?

Can International Bank Of Chicago issue a money order?

Does International Bank Of Chicago do currency exchange?

Background on The Bank

Who owns International Bank Of Chicago?

How long has International Bank Of Chicago been around?

Mandy | May 08, 2021

Since 1992

Can International Bank Of Chicago transfer to other banks?

Does International Bank Of Chicago have quick pay?

Does International Bank Of Chicago accept rolled coins?

Will International Bank Of Chicago accept loose change?

Where is International Bank Of Chicago headquarters?

Mandy | May 08, 2021

Location: 5069 N. Broadway Chicago IL 60640

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