Central Savings, F.S.B.
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Data as of · sourced from FFIEC call reports. How we update
Central Savings, F.S.B. is an FDIC-insured savings institution headquartered in Chicago, IL, established in 1893 (FDIC certificate 27910), and it is supervised by the OCC. At Q2 2026 it reported total assets of $111.9M, down 10.2% from Q2 2025, the 256th largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 33.86% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 27910
- Headquarters
- Chicago, IL
- Established
- 1893
- Total assets, Q2 2026
- $111.9M
- Assets vs Q2 2025
- -10.2%
- CET1 ratio, Q2 2026
- 33.86%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 271070584
- Asset rank in state
- 256th of 319 in Illinois
Central Savings, F.S.B. spends more to run itself than most banks of its size. The Chicago, Illinois bank had $112 million in assets at June 30, 2026, down 10.2% from a year earlier. It earns about $0.23 a year on every $100 of assets, a small fraction of the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 88 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
Earnings fell sharply: quarterly net income of $66,000 was 68% below a year earlier. Its $13 million non-owner-occupied commercial real estate book is now fully current, after 0.65% of it was past due or on nonaccrual a year earlier. Funding is the softer spot: it pays an average of 2.80% on its deposits and borrowings, higher than about 9 in 10 banks its size (median 1.80%).
As of June 30, 2026, Central Savings, F.S.B. reported a CET1 capital ratio of 33.86%, a return on assets of 0.23%, a nonperforming-loan ratio of 0.57% and a Texas ratio of 1.82%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Central Savings, F.S.B. is the 256th largest of the 319 banks headquartered in Illinois. Between Q1 2026 and Q2 2026, its total assets fell 5.6% to $111.9M, loans rose 0.4% and deposits fell 7.7%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 33.2% of total loans, followed by multifamily loans at 30.4%. The FDIC Summary of Deposits lists 2 offices for it, in Chicago, IL. On its Q2 2026 call report, Central Savings, F.S.B. meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1601 W Belmont Ave, Chicago, IL 60657
- County
- Cook
- Metro Area
- Chicago-Naperville-Elgin, IL-IN
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- —
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1893
- Former names
- Central Federal Savings and Loan Association of Chicago (1999-2017)
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 20
- Domestic deposits
- $80.6M
- Allowance for credit losses
- $1.4M
- Net charge-offs (YTD)
- $0
- Average total assets
- $113.8M
- Average total loans
- $96.4M
- Average interest-bearing deposits
- $78.9M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 27910
- Fed RSSD
- 615879
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
From Q3 2023 to Q2 2026, Central Savings, F.S.B.'s total assets ranged from $106.2M (Q3 2023) to $129.9M (Q3 2025), and it earned a profit in 9 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$111.9M total assets against $124.6M; $82.2M total liabilities against $95.1M.
$95.3M net loans and leases against $105.5M; $80.6M total deposits against $88.7M.
$0 securities against $0; $13.4M cash and balances due against $15.7M.
$1.7M total interest income against $1.8M; $576K total interest expense against $691K.
$1.1M net interest income against $1.2M.
$3K total noninterest income against $8K; $994K total noninterest expense against $877K.
$28K provision for credit losses against -$9K.
$66K net income against $207K.
0.23% return on assets against 0.69%; 4.02% net interest margin against 3.88%.
33.86% CET1 capital ratio against 30.40%; 25.49% tier 1 leverage ratio against 23.82%.
Inside the full Central Savings, F.S.B. 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.
Central Savings, F.S.B. rankings
Its closest position to the top of a national ranking is 48 of 2,134, for CET1 ratio; its furthest is 3,446 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.76% (Q4 2024) to 0.73% (Q1 2026) and its net interest margin ran from 3.64% (Q3 2025) to 4.11% (Q3 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 33.86% | 0.23% | 0.57% | 1.82% | 4.02% |
| Q1 2026 | 34.55% | 0.73% | 0.61% | 1.96% | 3.88% |
| Q4 2025 | 33.84% | -0.70% | 0.61% | 1.98% | 3.82% |
| Q3 2025 | 30.19% | 0.68% | 0.57% | 2.00% | 3.64% |
| Q2 2025 | 30.40% | 0.69% | 0.68% | 2.42% | 3.88% |
| Q1 2025 | 31.31% | 0.63% | 0.70% | 2.43% | 3.91% |
| Q4 2024 | 32.58% | -0.76% | 0.74% | 2.46% | 3.80% |
| Q3 2024 | 33.04% | 0.50% | 0.62% | 2.01% | 4.11% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → 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 |
|---|---|---|---|
| Central Savings, F.S.B. (main office) | Chicago , IL | 60657 | $74.9M |
| American Union S&La Branch | Chicago , IL | 60622 | $5.7M |
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 |
|---|---|---|---|
| September 5, 2015 | Structure Change | Acquired American Union Savings and Loan Association, S.B. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 4, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 11, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 11, 2014 | Structure Change | Acquired Columbus Savings Bank 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 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC)
- June 21, 2012, OCC: Formal Agreement: Central FS & LA of Chicago
- Period: Most recent institution action June 21, 2012. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in IL, rank 310 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- 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
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Frequently asked about Central Savings, F.S.B.
What are Central Savings, F.S.B.'s total assets?
As of the Q2 2026 filing, Central Savings, F.S.B. reported total assets of $111.9 million in its FFIEC call report.
Where is Central Savings, F.S.B. headquartered?
It is headquartered in Chicago, IL, United States.
When was Central Savings, F.S.B. founded?
It was established in 1893, per the FDIC institution directory.
Is Central Savings, F.S.B. FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #27910). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Central Savings, F.S.B.?
Central Savings, F.S.B.'s primary federal regulator is the OCC.
What is Central Savings, F.S.B.'s CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 33.86% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Central Savings, F.S.B. operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Central Savings, F.S.B.'s Texas Ratio?
Its Texas Ratio is 1.82% 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.
What was Central Savings, F.S.B. previously called?
The charter now named Central Savings, F.S.B. has also operated as Central Federal Savings and Loan Association of Chicago (1999-2017), per FDIC structure-change records.
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