Liberty Bank for Savings

Headquarters

2392 N Milwaukee Avenue
Chicago, IL 60647
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.01% 1.00% →
1-Year CD 0.08% 0.95% →
2-Year CD 0.15% 1.05% →
5-Year CD 0.25% 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

Liberty Bank for Savings is an FDIC insured institution located in Chicago, IL. It was founded in 1898 and has approximately $0.85 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 29009
Date Established 1898
Assets $ 849.33 million
Loans $ 478.63 million
Deposits $ 634.71 million
Capital $ 204.97 million
 

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

Deposit Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.05% $10,000 $14,999 Learn More
6 Mo CD
0.05% $100,000 $199,999 Learn More
12 Mo CD
0.08% $10,000 $14,999 Learn More
12 Mo CD
0.08% $100,000 $199,999 Learn More
18 Mo CD
0.12% $10,000 $14,999 Learn More
18 Mo CD
0.12% $100,000 $199,999 Learn More
24 Mo CD
0.15% $10,000 $14,999 Learn More
24 Mo CD
0.15% $100,000 $199,999 Learn More
36 Mo CD
0.18% $10,000 $14,999 Learn More
36 Mo CD
0.18% $100,000 $199,999 Learn More
48 Mo CD
0.20% $10,000 $14,999 Learn More
48 Mo CD
0.20% $100,000 $199,999 Learn More
60 Mo CD
0.25% $10,000 $14,999 Learn More
60 Mo CD
0.25% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Liberty Bank for Savings

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




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 Liberty Bank for Savings
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Liberty Bank for Savings 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


Liberty Bank for Savings Locations


Financial Details

Liberty Bank for Savings Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Liberty Bank for Savings. 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
Liberty Bank for Savings U.S. Bank Average
1.26% 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, Liberty Bank for Savings had $2,619,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $204,967,000 in equity and $3,291,000 in loans loss reserves. That gives it a Texas Ratio of 1.26%.

Return on Equity
Liberty Bank for Savings U.S. Bank Average
1.46% 7.80%

Liberty Bank for Savings has a Return on Equity of 1.46% 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
Liberty Bank for Savings U.S. Bank Average
24.13% 12.68%

Liberty Bank for Savings has a Capitalization of 24.13% 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.

Liberty Bank for Savings Balance Sheet Analysis

As of March 31, 2020, Liberty Bank for Savings had assets of $849,334,000, loans of $478,629,000, and deposits of $634,712,000. 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 $ 2.63 million
Interest-bearing balances $ 0.08 million
Total securities $ 326.84 million
Federal funds sold and reverse repurchase $ 20.93 million
Net loans and leases $ 478.63 million
Loan loss allowance $ 3.29 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.35 million
All other assets $ 8.74 million
     Total Assets $ 644.37 million
LIABILITIES
Total deposits $ 634.71 million
      Interest-bearing deposits $ 587.98 million
      Deposits held in domestic offices $ 634.71 million
      % insured (estimated) 95.27%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 9.66 million
      Total Liabilities $ 644.37 million
      Shareholders’ Equity $ 204.97 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 6.40 million
Total Interest Expense $ 1.43 million
Net interest income $ 4.97 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.44 million
Total non interest expense $ 4.47 million
Pre-tax Net Operating Income $ 0.94 million

Bank Loan Profile?

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

Compared to other banks in Illinois, Liberty Bank for Savings has a significantly higher percent of 1-4 Family Residential 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 91.96
Multifamily
Mortgages
7.80
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.93
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Liberty Bank For Savings

Branches and Savings

Is Liberty Bank For Savings FDIC insured?

Yes. It is covered under FDIC Certificate #29009.

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

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

Why are Liberty Bank For Savings CD rates not competitive?

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

Is Liberty Bank For Savings a commercial bank?

Yes

Where are Liberty Bank For Savings locations?

See branch locations nearby.

Is Liberty Bank For Savings open on Saturdays?

Is Liberty Bank For Savings open on Sundays?

What time does Liberty Bank For Savings open?

What time does Liberty Bank For Savings close?

Are Liberty Bank For Savings ATMs Open 24/7?

Do Liberty Bank For Savings ATMs accept cash deposits?

Can Liberty Bank For Savings customers use other ATMs?

Do Liberty Bank For Savings branches have notaries?

Will Liberty Bank For Savings notarize my document?

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

Will the Liberty Bank For Savings branch print checks?

Do Liberty Bank For Savings checks expire?

Does Liberty Bank For Savings require US citizenship to open account?

Can Liberty Bank For Savings close my account?

Does Liberty Bank For Savings Report to credit bureaus?

Does Liberty Bank For Savings Use Equifax?

What is Liberty Bank For Savings's ACH Routing Number?

What is Liberty Bank For Savings's SWIFT code?

Products

Does Liberty Bank For Savings offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Liberty Bank For Savings offer personal loans?

Compare personal loan rates here.

Does Liberty Bank For Savings offer student loans?

Will Liberty Bank For Savings cash a check?

Will Liberty Bank For Savings redeem a savings bond?

Does Liberty Bank For Savings cash savings bonds?

Will Liberty Bank For Savings cash money orders?

Can Liberty Bank For Savings issue a money order?

Does Liberty Bank For Savings do currency exchange?

Background on The Bank

Who owns Liberty Bank For Savings?

How long has Liberty Bank For Savings been around?

Can Liberty Bank For Savings transfer to other banks?

Does Liberty Bank For Savings have quick pay?

Does Liberty Bank For Savings accept rolled coins?

Will Liberty Bank For Savings accept loose change?

Where is Liberty Bank For Savings headquarters?

Customer Reviews for Liberty Bank for Savings


  • August 22, 2017 |

    CDs 60 Month Rates

    $100K min on new CD's. They will not bend. So had to take $170K to another bank, now @ 2.5%.

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