LincolnWay Community Bank

Headquarters

1000 East Lincoln Highway
New Lenox, IL 60451
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 1.40% →
1-Year CD 0.50% 1.15% →
2-Year CD 0.70% 1.26% →
5-Year CD 1.00% 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

LincolnWay Community Bank is an FDIC insured institution located in New Lenox, IL. It was founded in 2005 and has approximately $0.25 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 57971
Date Established 2005
Assets $ 253.84 million
Loans $ 195.02 million
Deposits $ 219.96 million
Capital $ 27.56 million
 

For a more detailed analysis of LincolnWay Community 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: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $250 $4,999 Learn More
Money Market
0.25% $2,500 $24,999 Learn More
Money Market
0.50% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $5,000 - Learn More
6 Mo CD
0.30% $5,000 - Learn More
12 Mo CD
0.50% $5,000 - Learn More
Special: 13 Mo CD
0.75% $5,000 - Learn More
18 Mo CD
0.60% $5,000 - Learn More
24 Mo CD
0.70% $5,000 - Learn More
36 Mo CD
0.80% $5,000 - Learn More
48 Mo CD
0.90% $5,000 - Learn More
60 Mo CD
1.00% $5,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $1,000 $4,999 Learn MoreShow Less
Special: 13 Mo FIRA
0.75% $5,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,500 $9,999 Learn MoreShow Less

Loan Rates - July 11, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for LincolnWay 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.950% 2.875% 1.00 $2,438 $1,038 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
2.990 %
$0 Learn More
More Info

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

Branches

LincolnWay 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


LincolnWay Community Bank Locations


Financial Details

LincolnWay Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of LincolnWay 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
LincolnWay Community Bank U.S. Bank Average
25.47% 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, LincolnWay Community Bank had $7,625,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $27,555,000 in equity and $2,387,000 in loans loss reserves. That gives it a Texas Ratio of 25.47%.

Return on Equity
LincolnWay Community Bank U.S. Bank Average
10.78% 7.80%

LincolnWay Community Bank has a Return on Equity of 10.78% 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
LincolnWay Community Bank U.S. Bank Average
10.86% 12.68%

LincolnWay Community Bank has a Capitalization of 10.86% 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.

LincolnWay Community Bank Balance Sheet Analysis

As of March 31, 2020, LincolnWay Community Bank had assets of $253,839,000, loans of $195,023,000, and deposits of $219,964,000. 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 $ 45.55 million
Interest-bearing balances $ 44.34 million
Total securities $ 4.11 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 195.02 million
Loan loss allowance $ 2.39 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 4.53 million
     Total Assets $ 226.28 million
LIABILITIES
Total deposits $ 219.96 million
      Interest-bearing deposits $ 175.79 million
      Deposits held in domestic offices $ 219.96 million
      % insured (estimated) 83.88%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 5.00 million
Subordinated debt N.A.
All other liabilities $ 1.32 million
      Total Liabilities $ 226.28 million
      Shareholders’ Equity $ 27.56 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.34 million
Total Interest Expense $ 0.71 million
Net interest income $ 2.63 million
Provision for loan and lease losses $ 0.15 million
Total non interest income $ 0.25 million
Total non interest expense $ 1.73 million
Pre-tax Net Operating Income $ 1.01 million

Bank Loan Profile?

The top three loan types in LincolnWay Community Bank’s loan portfolio are Construction and Development Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Illinois, LincolnWay Community Bank has a significantly higher percent of Construction and Development 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 22.63
Multifamily
Mortgages
8.17
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 32.93
Commercial Real Estate 22.72
Commercial and Industrial Loans 13.24
Farm Loans 0.00

Frequently Asked Questions About Lincolnway Community Bank

Branches and Savings

Is Lincolnway Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57971.

Why does Lincolnway 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 Lincolnway Community Bank CD rates not competitive?

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

Is Lincolnway Community Bank a commercial bank?

Yes

Where are Lincolnway Community Bank locations?

See branch locations nearby.

Is Lincolnway Community Bank open on Saturdays?

Is Lincolnway Community Bank open on Sundays?

What time does Lincolnway Community Bank open?

What time does Lincolnway Community Bank close?

Are Lincolnway Community Bank ATMs Open 24/7?

Do Lincolnway Community Bank ATMs accept cash deposits?

Can Lincolnway Community Bank customers use other ATMs?

Do Lincolnway Community Bank branches have notaries?

Will Lincolnway Community Bank notarize my document?

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

Will the Lincolnway Community Bank branch print checks?

Do Lincolnway Community Bank checks expire?

Does Lincolnway Community Bank require US citizenship to open account?

Can Lincolnway Community Bank close my account?

Does Lincolnway Community Bank Report to credit bureaus?

Does Lincolnway Community Bank Use Equifax?

What is Lincolnway Community Bank's ACH Routing Number?

What is Lincolnway Community Bank's SWIFT code?

Products

Does Lincolnway Community Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Lincolnway Community Bank offer personal loans?

Compare personal loan rates here.

Does Lincolnway Community Bank offer student loans?

Will Lincolnway Community Bank cash a check?

Will Lincolnway Community Bank redeem a savings bond?

Does Lincolnway Community Bank cash savings bonds?

Will Lincolnway Community Bank cash money orders?

Can Lincolnway Community Bank issue a money order?

Does Lincolnway Community Bank do currency exchange?

Background on The Bank

Who owns Lincolnway Community Bank?

How long has Lincolnway Community Bank been around?

Can Lincolnway Community Bank transfer to other banks?

Does Lincolnway Community Bank have quick pay?

Does Lincolnway Community Bank accept rolled coins?

Will Lincolnway Community Bank accept loose change?

Where is Lincolnway Community Bank headquarters?

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