1st Equity Bank
BankRegReports is independent of 1st Equity Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
1st Equity Bank is an FDIC-insured commercial bank headquartered in Skokie, IL, established in 1997 (FDIC certificate 34393), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $130.0M, up 5.2% from Q2 2025, the 243rd largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 21.22% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 34393
- Headquarters
- Skokie, IL
- Established
- 1997
- Total assets, Q2 2026
- $130.0M
- Assets vs Q2 2025
- +5.2%
- CET1 ratio, Q2 2026
- 21.22%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 071925693
- Holding company
- FIRST EQUITY CORP.
- Asset rank in state
- 243rd of 319 in Illinois
1st Equity Bank carries far more capital than most banks of its size. It reported $130 million in assets at June 30, 2026, up 5.2% from a year earlier. It funds 16.46% of its assets with Tier 1 capital, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 10.99%). It also carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 banks its size (median 2.6%).
Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.00% of loans from 0.94%. Its $25 million non-owner-occupied commercial real estate book is now fully current, after 3.09% of it was past due or on nonaccrual a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 2.6 times its capital, about double the median of 1.2 times for banks its size.
As of June 30, 2026, 1st Equity Bank reported a CET1 capital ratio of 21.22%, a return on assets of 1.17%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
1st Equity Bank ranks as the 243rd largest of the 319 banks based in Illinois, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 2.8% to $130.0M, loans rose 8.9% and deposits rose 4.7%. Multifamily loans made up 32.3% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 28.7%. The FDIC Summary of Deposits lists a single office for it, in Skokie, IL. On its Q2 2026 call report, 1st Equity Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 3956 Dempster St, Skokie, IL 60076
- County
- Cook
- Metro Area
- Chicago-Naperville-Elgin, IL-IN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- June 9, 1997
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 13
- Domestic deposits
- $87.7M
- Allowance for credit losses
- $1.5M
- Net charge-offs (YTD)
- $0
- Average total assets
- $125.9M
- Average total loans
- $93.6M
- Average interest-bearing deposits
- $75.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- June 9, 1997
- FDIC Cert
- 34393
- Fed RSSD
- 2531562
- SEC CIK
- 1812326 → filed by FIRST EQUITY CORP.
- Website
- www.1stequitybank.net →
- Parent Holding Company
- FIRST EQUITY CORP. (RSSD 2531553)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, 1st Equity Bank's total assets ran between $112.7M (Q1 2024) and $130.0M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$130.0M total assets against $123.6M; $108.5M total liabilities against $102.6M.
$96.8M net loans and leases against $92.5M; $87.7M total deposits against $86.0M.
$90K securities against $103K; $24.7M cash and balances due against $23.0M.
$1.8M total interest income against $1.8M; $636K total interest expense against $756K.
$1.1M net interest income against $1.0M.
$111K total noninterest income against $220K; $877K total noninterest expense against $757K.
$0 provision for credit losses against $0.
$368K net income against $480K.
1.17% return on assets against 1.58%; 4.05% net interest margin against 3.53%.
21.22% CET1 capital ratio against 21.67%; 16.46% tier 1 leverage ratio against 16.58%.
Inside the full 1st Equity Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
1st Equity Bank rankings
Its closest position to the top of a national ranking is 280 of 2,134, for CET1 ratio; its furthest is 3,603 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.00% (Q4 2024) to 1.92% (Q3 2025) and its net interest margin ran from 3.53% (Q2 2025) to 5.09% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 21.22% | 1.17% | 0.00% | 0.00% | 4.05% |
| Q1 2026 | 22.76% | 1.62% | 0.00% | 0.00% | 3.87% |
| Q4 2025 | 20.72% | 1.20% | 0.37% | 1.64% | 3.85% |
| Q3 2025 | 21.52% | 1.92% | 0.37% | 1.61% | 5.09% |
| Q2 2025 | 21.67% | 1.58% | 0.94% | 4.12% | 3.53% |
| Q1 2025 | 23.84% | 1.85% | 1.03% | 4.16% | 3.58% |
| Q4 2024 | 21.72% | 1.00% | 0.95% | 4.19% | 3.80% |
| Q3 2024 | 21.16% | 1.28% | 0.97% | 4.30% | 3.88% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| 1st Equity Bank (main office) | Skokie , IL | 60076 | $87.7M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| May 5, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 5, 2020 | Structure Change | Acquired 1st Equity Bank Northwest Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IL, rank 307 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows 1st Equity Bank’s latest filed figures and updates each quarter.
Similar banks
Compare 1st Equity Bank with peers
Frequently asked about 1st Equity Bank
What are 1st Equity Bank's total assets?
As of the Q2 2026 filing, 1st Equity Bank reported total assets of $130.0 million in its FFIEC call report.
Where is 1st Equity Bank headquartered?
It is headquartered in Skokie, IL, United States.
When was 1st Equity Bank founded?
It was established in 1997, per the FDIC institution directory.
Is 1st Equity Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #34393). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates 1st Equity Bank?
1st Equity Bank's primary federal regulator is the FDIC.
What is 1st Equity Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 21.22% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does 1st Equity Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is 1st Equity Bank's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
Go deeper on 1st Equity Bank.
Get an email when 1st Equity Bank files its next call report, and benchmark it against any peer you choose.
Unlock 1st Equity Bank, freeFree account