Federated Bank Mortgage Rates, Fees & Info
Onarga, IL
LEI: 549300X66F41NHRM7578
Tax ID: 37-0447880
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Mortgage Data
Bank Data
Review & Overview
Federated Bank is a smaller bank specializing in
various types of mortgages.
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Originations
0
Origination Dollar Volume (All Markets)
$0
Employee count
30
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Federated Bank |
107 North Chestnut Onarga, IL 60955 |
Full Service B&M
|
$33,212 |
| Federated Bank |
327 South Kinzie Avenue Bradley, IL 60915 |
Full Service B&M
|
$15,271 |
| Federated Bank |
First North And Chestnut Streets Chebanse, IL 60922 |
Full Service B&M
|
$32,554 |
| Federated Bank |
Oak And South First Streets Loda, IL 60948 |
Full Service B&M
|
$13,783 |
For 2021, Federated Bank had 4 branches.
Yearly Performance Overview
Bank Income
Federated Bank's gross interest income from loans was $4,440,000.
Federated Bank's net interest income from loans was $4,337,000.
Federated Bank's fee based income from loans was $145,000.
Federated Bank's net income from loans was $1,366,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$103 |
| Provision for credit losses |
$146 |
| Total noninterest expense |
$3,684 |
| Salaries and employee benefits |
$2,015 |
| Premises and equipment expense |
$439 |
| Additional noninterest expense |
$1,230 |
| Applicable income taxes |
$0 |
| Net charge-offs |
$0 |
| Cash dividends |
$439 |
Federated Bank's interest expense for loans was $103,000.
Federated Bank's payroll and benefits expense were $2,015,000.
Federated Bank's property, plant and equipment expenses $439,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$101,067 |
| Deposits held in domestic offices |
$101,067 |
| Deposits by Individuals, partnerships, and corporations |
$84,399 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$16,668 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$0 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$56,080 |
| Demand deposits |
$33,126 |
| Nontransaction accounts |
$44,987 |
| Money market deposit accounts (MMDAs) |
$4,701 |
| Other savings deposits (excluding MMDAs) |
$27,740 |
| Total time deposits |
$12,546 |
| Total time and savings deposits |
$67,941 |
| Noninterest-bearing deposits |
$33,126 |
| Interest-bearing deposits |
$67,941 |
| Retail deposits |
$98,701 |
| IRAs and Keogh plan accounts |
$3,662 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$114,458 |
| Cash & Balances due from depository institutions |
$32,241 |
| Interest-bearing balances |
$31,015 |
| Total securities |
$25,019 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$51,845 |
| Loan and leases loss allowance |
$568 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$1,289 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$3,292 |
| All other assets |
$772 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$114,458 |
| Total Liabilities |
$101,183 |
| Total deposits |
$101,067 |
| Interest-bearing deposits |
$67,941 |
| Deposits held in domestic offices |
$101,067 |
| % insured (estimated) |
$83 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$0 |
| Subordinated debt |
$0 |
| All other liabilities |
$116 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$51,845 |
| Loan and leases loss allowance |
$568 |
| Total loans and leases (domestic) |
$52,413 |
| All real estate loans |
$34,760 |
| Real estate loans in domestic offices |
$34,760 |
| Construction and development loans |
$182 |
| Residential 1-4 family construction |
$182 |
| Other construction, all land development and other land |
$0 |
| Loans secured by nonfarm nonresidential properties |
$10,403 |
| Nonfarm nonresidential secured by owner-occupied properties |
$7,681 |
| Commercial real estate & other non-farm, non-residential |
$2,722 |
| Multifamily residential real estate |
$126 |
| 1-4 family residential loans |
$13,962 |
| Farmland loans |
$10,087 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$2,027 |
| Commercial and industrial loans |
$11,808 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$2,511 |
| Credit card loans |
$646 |
| Related Plans |
$19 |
| Consumer Auto Loans |
$1,313 |
| Other loans to individuals |
$533 |
| All other loans & leases |
$1,307 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$0 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$0 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$0 |
| Non 1-4 family restructured loans & leases |
$0 |
| Total loans and leases (foreign) |
$0 |
Federated Bank had $51,845,000 of loans outstanding in 2021. $34,760,000 of loans were in real estate loans.
$182,000 of loans were in development loans. $126,000 of loans were in multifamily mortgage loans.
$13,962,000 of loans were in 1-4 family mortgage loans. $2,027,000 of loans were in farm loans. $646,000
of loans were in credit card loans. $1,313,000 of loans were in the auto loan category.
Small Business Loans
| Categorization |
# of Loans in Category |
$ amount of loans (in 000's) |
Average $/loan |
| Nonfarm, nonresidential loans - <$1MM |
59 |
$8,029 |
$136,085 |
| Nonfarm, nonresidential loans - <$100k |
30 |
$1,187 |
$39,567 |
| Nonfarm, nonresidential loans - $100-250k |
16 |
$1,920 |
$120,000 |
| Nonfarm, nonresidential loans - $250k-1MM |
13 |
$4,922 |
$378,615 |
| Commercial & Industrial, US addressed loans - <$1MM |
138 |
$7,091 |
$51,384 |
| Commercial & Industrial, US addressed loans - <$100k |
101 |
$1,993 |
$19,733 |
| Commercial & Industrial, US addressed loans - $100-250k |
22 |
$1,871 |
$85,045 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
15 |
$3,227 |
$215,133 |
| Farmland loans - <$1MM |
22 |
$2,962 |
$134,636 |
| Farmland loans - <$100k |
11 |
$469 |
$42,636 |
| Farmland loans - $100-250k |
5 |
$737 |
$147,400 |
| Farmland loans - $250k-1MM |
6 |
$1,756 |
$292,667 |
| Agriculture operations loans - <$1MM |
28 |
$1,258 |
$44,929 |
| Agriculture operations loans - <$100k |
21 |
$685 |
$32,619 |
| Agriculture operations loans - $100-250k |
5 |
$368 |
$73,600 |
| Agriculture operations loans - $250k-1MM |
2 |
$205 |
$102,500 |