First Security Trust and Savings Bank Elmwood Park IL Financial Information and Details

First Security Trust and Savings Bank Elmwood Park IL is a community bank that has been serving the local area for over 100 years. It's a testament to the bank's commitment to providing excellent service and financial products to its customers.

The bank has a long history of stability and reliability, with assets exceeding $100 million. This financial strength allows the bank to offer a wide range of services to its customers.

First Security Trust and Savings Bank Elmwood Park IL has a strong focus on community involvement, with a commitment to supporting local organizations and events. This commitment to the community is just one of the reasons why the bank has been a trusted partner in the Elmwood Park area for so long.

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First Security Trust and Savings Bank Elmwood Park IL has a substantial financial presence, with total assets of $326,347,000. This significant scale reflects the bank's influential market presence.

The bank's financial structure is stable, with total liabilities standing at $292,724,000 and total equity capital at $33,623,000. This balance provides a solid foundation for the bank's operations.

Here's a breakdown of the bank's key financial metrics:

Elmwood Park, IL has a non-member bank with a total of $243.7 million in assets, which represents a 4.3% increase.

The bank's total deposits amount to $213.3 million, showing a 3.8% growth.

Net loans stood at $129.2 million, with a notable 13.3% increase.

The bank reported a net income of $1.2 million, a significant 45.2% jump.

The book value of the bank is $28.1 million, representing a 5.6% increase.

Here's a breakdown of the bank's book value multiples:

First Security Trust and Savings Bank boasts a substantial scale and market presence, with total assets of $326,347k.

The bank's financial structure and stability can be understood through its total liabilities of $292,724k and total equity capital of $33,623k.

Key operational metrics include total deposits of $290,791k, net loans and leases at $177k, and income and expense components.

The Tier 1 Risk-Based Capital Ratio stands at 20.2823, indicating the bank's financial stability.

A Return on Assets of 1.43% provides valuable insights into the bank's profitability.

The Efficiency Ratio of 60.63% suggests room for improvement in operational efficiency.

Here are some key financial metrics for First Security Trust and Savings Bank:

The bank's loan-to-deposit ratio stands at 60.92%, which is lower than industry averages.

First Security Trust and Savings Bank has a strong community focus and local market presence, with a network of 1 domestic offices.

The bank's asset size has grown to approximately $361,211,000, with loans and deposits also increasing.

Long-term increases in deposits demonstrate the bank's ability to raise funds and grow its loans and assets.

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