Norstates Bank

1601 North Lewis Avenue
Waukegan, IL 60085

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 18626
Date Established 1962
Assets $0.49 billion
Loans $0.31 billion
Deposits $0.40 billion
Capital $0.06 billion

Norstates Bank is an FDIC insured institution located in Waukegan, IL. It was founded in 1962 and has approximately $0.49 billion in assets. Customers can open an account at one of its 8 branches.

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

Bank Loan Profile?

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

Compared to other banks in Illinois, Norstates Bank has a significantly higher percent of Multifamily Mortgages, Construction and Development 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 18.12
Multifamily
Mortgages
26.27
Credit Card Loans 0.00
Consumer Auto Loans 0.10
Small Business Loans 0.00
Construction and Development Loans 12.29
Commercial Real Estate 36.55
Commercial and Industrial Loans 7.66
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.07% $1,000 $99,999 Learn MoreShow Less
3 Mo CD 100K
0.07% $100,000 - Learn MoreShow Less
6 Mo CD 10K
0.13% $1,000 $99,999 Learn MoreShow Less
6 Mo CD 100K
0.13% $100,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.20% $1,000 $99,999 Learn MoreShow Less
Special: 15 Mo FIRA
1.50% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.05% $1,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.05% $2,500 $24,999 Learn MoreShow Less
MM 25K
0.05% $25,000 $99,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Norstates 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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.419% 4.375% 0.13 $1,424 $1,249 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More
Flagstar Bank 5.740% $291.47 Learn More

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

Branches

Norstates 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


Norstates Bank Locations

Financial Details

Norstates Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Norstates 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
Norstates Bank U.S. Bank Average
18.12% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2018, Norstates Bank had $11,547,000 in non-current loans and $998,000 in owned real estate. To cover these potential losses it had $62,331,000 in equity and $6,897,000 in loans loss reserves. That gives it a Texas Ratio of 18.12%.

Return on Equity
Norstates Bank U.S. Bank Average
6.15% 9.35%

Norstates Bank has a Return on Equity of 6.15% versus the BestCashCow average of 9.35%. 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
Norstates Bank U.S. Bank Average
12.85% 12.01%

Norstates Bank has a Capitalization of 12.85% versus the BestCashCow average of 12.01. 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.

Norstates Bank Balance Sheet Analysis

As of March 31, 2018, Norstates Bank had assets of $485,248,000, loans of $310,479,000, and deposits of $396,110,000. 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

ASSETS
Cash & Balances due from depository institutions $0.08 billion
Interest-bearing balances $0.07 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.31 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.03 billion
     Total Assets $0.42 billion
LIABILITIES
Total deposits $0.40 billion
      Interest-bearing deposits $0.27 billion
      Deposits held in domestic offices $0.40 billion
      % insured (estimated) 79.70%
Federal funds purchased and repurchase agreements $0.03 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.42 billion
      Shareholders’ Equity $0.06 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Norstates Bank

Branches and Savings

Is Norstates Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18626.

Why does Norstates Bank pay such low interest on savings accounts?

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

Why are Norstates Bank CD rates not competitive?

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

Is Norstates Bank a commercial bank?

Yes

Where are Norstates Bank locations?

See branch locations nearby.

Is Norstates Bank open on Saturdays?

Is Norstates Bank open on Sundays?

What time does Norstates Bank open?

What time does Norstates Bank close?

Are Norstates Bank ATMs Open 24/7?

Do Norstates Bank ATMs accept cash deposits?

Can Norstates Bank customers use other ATMs?

Do Norstates Bank branches have notaries?

Will Norstates Bank notarize my document?

What address for Norstates Bank should I put for incoming ACH transfers?

Will the Norstates Bank branch print checks?

Do Norstates Bank checks expire?

Does Norstates Bank require US citizenship to open account?

Can Norstates Bank close my account?

Does Norstates Bank Report to credit bureaus?

Does Norstates Bank Use Equifax?

What is Norstates Bank's ACH Routing Number?

What is Norstates Bank's SWIFT code?

Products

Does Norstates Bank offer mortgages?

Compare mortgage rates here.

Does Norstates Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Norstates Bank offer personal loans?

Compare personal loan rates here.

Does Norstates Bank offer student loans?

Will Norstates Bank cash a check?

Will Norstates Bank redeem a savings bond?

Does Norstates Bank cash savings bonds?

Will Norstates Bank cash money orders?

Can Norstates Bank issue a money order?

Does Norstates Bank do currency exchange?

Background on The Bank

Who owns Norstates Bank?

How long has Norstates Bank been around?

Can Norstates Bank transfer to other banks?

Does Norstates Bank have quick pay?

Does Norstates Bank accept rolled coins?

Will Norstates Bank accept loose change?

Where is Norstates Bank headquarters?

Customer Reviews for Norstates Bank

There are currently no comments for Norstates Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →