West Suburban Bank

Headquarters

701-711 South Westmore Avenue
Lombard, IL 60148
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.20% →
1-Year CD 0.30% 1.10% →
2-Year CD 0.40% 1.15% →
5-Year CD 0.90% 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

West Suburban Bank is an FDIC insured institution located in Lombard, IL. It was founded in 1962 and has approximately $2.34 billion in assets. Customers can open an account at one of its 45 branches.

FDIC Insured Yes
FDIC Certificate # 18509
Date Established 1962
Assets $ 2.34 billion
Loans $ 1,220.83 million
Deposits $ 2.10 billion
Capital $ 224.73 million
 

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

Deposit Rates - August 6, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $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
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
30 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.60% $10,000 $14,999 Learn More
48 Mo CD
0.60% $100,000 $199,999 Learn More
60 Mo CD
0.90% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.30% $1 $999 Learn MoreShow Less

Loan Rates - August 6, 2020

Your Current Location: Connecticut, CT 06828

Auto Loan Rates APR Rate Monthly Payment
3 Year 4.35% 4.35% $742.00
4 Year 4.50% 4.50% $570.09
5 Year 4.65% 4.65% $467.78
Home Equity Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

West Suburban 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


West Suburban Bank Locations


Financial Details

West Suburban Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of West Suburban 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
West Suburban Bank U.S. Bank Average
10.32% 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, West Suburban Bank had $16,947,000 in non-current loans and $7,762,000 in owned real estate. To cover these potential losses it had $224,730,000 in equity and $14,739,000 in loans loss reserves. That gives it a Texas Ratio of 10.32%.

Return on Equity
West Suburban Bank U.S. Bank Average
3.19% 7.80%

West Suburban Bank has a Return on Equity of 3.19% 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
West Suburban Bank U.S. Bank Average
9.62% 12.68%

West Suburban Bank has a Capitalization of 9.62% 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.

West Suburban Bank Balance Sheet Analysis

As of March 31, 2020, West Suburban Bank had assets of $2,336,263,000, loans of $1,220,825,000, and deposits of $2,098,056,000. 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 $ 75.00 million
Interest-bearing balances $ 43.82 million
Total securities $ 921.34 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,220.83 million
Loan loss allowance $ 14.74 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 7.76 million
Goodwill and other intangibles N.A.
All other assets $ 54.93 million
     Total Assets $ 2.11 billion
LIABILITIES
Total deposits $ 2.10 billion
      Interest-bearing deposits $ 1,881.46 million
      Deposits held in domestic offices $ 2.10 billion
      % insured (estimated) 84.85%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 13.48 million
      Total Liabilities $ 2.11 billion
      Shareholders’ Equity $ 224.73 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 19.22 million
Total Interest Expense $ 2.72 million
Net interest income $ 16.50 million
Provision for loan and lease losses $ 0.87 million
Total non interest income $ 2.28 million
Total non interest expense $ 15.77 million
Pre-tax Net Operating Income $ 2.14 million

Bank Loan Profile?

The top three loan types in West Suburban Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Illinois, West Suburban Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate, Commercial and Industrial 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 16.84
Multifamily
Mortgages
6.76
Credit Card Loans 0.37
Consumer Auto Loans 0.18
Small Business Loans 9.91
Construction and Development Loans 6.58
Commercial Real Estate 39.12
Commercial and Industrial Loans 30.82
Farm Loans 0.00

Frequently Asked Questions About West Suburban Bank

Branches and Savings

Is West Suburban Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18509.

Why does West Suburban Bank pay such low interest on savings accounts?

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

Why are West Suburban Bank CD rates not competitive?

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

Is West Suburban Bank a commercial bank?

Yes

Where are West Suburban Bank locations?

See branch locations nearby.

Is West Suburban Bank open on Saturdays?

Is West Suburban Bank open on Sundays?

What time does West Suburban Bank open?

What time does West Suburban Bank close?

Are West Suburban Bank ATMs Open 24/7?

Do West Suburban Bank ATMs accept cash deposits?

Can West Suburban Bank customers use other ATMs?

Do West Suburban Bank branches have notaries?

Will West Suburban Bank notarize my document?

What address for West Suburban Bank should I put for incoming ACH transfers?

Will the West Suburban Bank branch print checks?

Do West Suburban Bank checks expire?

Does West Suburban Bank require US citizenship to open account?

Can West Suburban Bank close my account?

Does West Suburban Bank Report to credit bureaus?

Does West Suburban Bank Use Equifax?

What is West Suburban Bank's ACH Routing Number?

What is West Suburban Bank's SWIFT code?

Products

Does West Suburban Bank offer mortgages?

Compare mortgage rates here.

Does West Suburban Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does West Suburban Bank offer personal loans?

Compare personal loan rates here.

Does West Suburban Bank offer student loans?

Will West Suburban Bank cash a check?

Will West Suburban Bank redeem a savings bond?

Does West Suburban Bank cash savings bonds?

Will West Suburban Bank cash money orders?

Can West Suburban Bank issue a money order?

Does West Suburban Bank do currency exchange?

Background on The Bank

Who owns West Suburban Bank?

How long has West Suburban Bank been around?

Can West Suburban Bank transfer to other banks?

Does West Suburban Bank have quick pay?

Does West Suburban Bank accept rolled coins?

Will West Suburban Bank accept loose change?

Where is West Suburban Bank headquarters?

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