North Shore Trust and Savings

Headquarters

700 S Lewis Ave
Waukegan, IL 60085
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 1.20% →
1-Year CD 0.35% 1.10% →
2-Year CD 0.45% 1.15% →
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

North Shore Trust and Savings is an FDIC insured institution located in Waukegan, IL. It was founded in 1921 and has approximately $0.24 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 27683
Date Established 1921
Assets $ 236.37 million
Loans $ 99.65 million
Deposits $ 188.39 million
Capital $ 44.99 million
 

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

Deposit Rates - August 4, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.35% $10,000 $14,999 Learn More
12 Mo CD
0.35% $100,000 $199,999 Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.45% $10,000 $14,999 Learn More
24 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.55% $10,000 $14,999 Learn More
36 Mo CD
0.55% $100,000 $199,999 Learn More
48 Mo CD
0.65% $10,000 $14,999 Learn More
48 Mo CD
0.65% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.75% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 4, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for North Shore Trust and Savings

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.930% 2.875% 0.75 $1,762 $1,038 Learn More

Featured - Virginia 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 North Shore Trust and Savings
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Branches

North Shore Trust and 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:
Ashburn,Virginia


North Shore Trust and Savings Locations


Financial Details

North Shore Trust and Savings Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of North Shore Trust and 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
North Shore Trust and Savings U.S. Bank Average
0.13% 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, North Shore Trust and Savings had $60,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $44,994,000 in equity and $462,000 in loans loss reserves. That gives it a Texas Ratio of 0.13%.

Return on Equity
North Shore Trust and Savings U.S. Bank Average
-0.51% 7.80%

North Shore Trust and Savings has a Return on Equity of -0.51% 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
North Shore Trust and Savings U.S. Bank Average
19.04% 12.68%

North Shore Trust and Savings has a Capitalization of 19.04% 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.

North Shore Trust and Savings Balance Sheet Analysis

As of March 31, 2020, North Shore Trust and Savings had assets of $236,374,000, loans of $99,649,000, and deposits of $188,390,000. 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 $ 54.12 million
Interest-bearing balances $ 52.72 million
Total securities $ 66.54 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 99.65 million
Loan loss allowance $ 0.46 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.04 million
All other assets $ 10.68 million
     Total Assets $ 191.38 million
LIABILITIES
Total deposits $ 188.39 million
      Interest-bearing deposits $ 180.12 million
      Deposits held in domestic offices $ 188.39 million
      % insured (estimated) 87.93%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 2.99 million
      Total Liabilities $ 191.38 million
      Shareholders’ Equity $ 44.99 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.76 million
Total Interest Expense $ 0.47 million
Net interest income $ 1.29 million
Provision for loan and lease losses $ 0.07 million
Total non interest income $ 0.17 million
Total non interest expense $ 1.45 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Illinois, North Shore Trust and 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 89.27
Multifamily
Mortgages
6.38
Credit Card Loans 0.00
Consumer Auto Loans 0.07
Small Business Loans 0.00
Construction and Development Loans 2.16
Commercial Real Estate 2.30
Commercial and Industrial Loans 0.12
Farm Loans 0.00

Frequently Asked Questions About North Shore Trust And Savings

Branches and Savings

Is North Shore Trust And Savings FDIC insured?

Yes. It is covered under FDIC Certificate #27683.

Why does North Shore Trust And Savings pay such low interest on savings accounts?

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

Why are North Shore Trust And Savings CD rates not competitive?

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

Is North Shore Trust And Savings a commercial bank?

Yes

Where are North Shore Trust And Savings locations?

See branch locations nearby.

Is North Shore Trust And Savings open on Saturdays?

Is North Shore Trust And Savings open on Sundays?

What time does North Shore Trust And Savings open?

What time does North Shore Trust And Savings close?

Are North Shore Trust And Savings ATMs Open 24/7?

Do North Shore Trust And Savings ATMs accept cash deposits?

Can North Shore Trust And Savings customers use other ATMs?

Do North Shore Trust And Savings branches have notaries?

Will North Shore Trust And Savings notarize my document?

What address for North Shore Trust And Savings should I put for incoming ACH transfers?

Will the North Shore Trust And Savings branch print checks?

Do North Shore Trust And Savings checks expire?

Does North Shore Trust And Savings require US citizenship to open account?

Can North Shore Trust And Savings close my account?

Does North Shore Trust And Savings Report to credit bureaus?

Does North Shore Trust And Savings Use Equifax?

What is North Shore Trust And Savings's ACH Routing Number?

What is North Shore Trust And Savings's SWIFT code?

Products

Does North Shore Trust And Savings offer mortgages?

Compare mortgage rates here.

Does North Shore Trust And Savings offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does North Shore Trust And Savings offer personal loans?

Compare personal loan rates here.

Does North Shore Trust And Savings offer student loans?

Will North Shore Trust And Savings cash a check?

Will North Shore Trust And Savings redeem a savings bond?

Does North Shore Trust And Savings cash savings bonds?

Will North Shore Trust And Savings cash money orders?

Can North Shore Trust And Savings issue a money order?

Does North Shore Trust And Savings do currency exchange?

Background on The Bank

Who owns North Shore Trust And Savings?

How long has North Shore Trust And Savings been around?

Can North Shore Trust And Savings transfer to other banks?

Does North Shore Trust And Savings have quick pay?

Does North Shore Trust And Savings accept rolled coins?

Will North Shore Trust And Savings accept loose change?

Where is North Shore Trust And Savings headquarters?

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