The Federal Savings Bank
Also written as FSB
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Data as of · sourced from FFIEC call reports. How we update
The Federal Savings Bank is an FDIC-insured savings institution headquartered in Chicago, IL, established in 2000 (FDIC certificate 35518), and it is supervised by the OCC. At Q2 2026 it reported total assets of $1.08B, down 11.8% from Q2 2025, the 50th largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 19.97% 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
- 35518
- Headquarters
- Chicago, IL
- Established
- 2000
- Total assets, Q2 2026
- $1.08B
- Assets vs Q2 2025
- -11.8%
- CET1 ratio, Q2 2026
- 19.97%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 071074557
- Latest call report
- Q2 2026, FFIEC 041 · The Federal Savings Bank call report
- Holding company
- NATIONAL BANCORP HOLDINGS, INC.
- Asset rank in state
- 50th of 319 in Illinois
Problem loans are rising at The Federal Savings Bank. The Chicago, Illinois bank had $1.1 billion in assets at June 30, 2026, down 11.8% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.69% of loans from 1.76% a year earlier. It earns about $0.29 a year on every $100 of assets, a small fraction of the median of $1.29 for the 895 banks with $1 billion to $10 billion in assets. It also spends about 97 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 58 cents).
Earnings fell sharply: quarterly net income of $753,000 was 82% below a year earlier. Over the same year, loans shrank 11.1% and deposits shrank 5.8%. Funding is the softer spot: it pays an average of 3.80% on its deposits and borrowings, about double the median of 2.01% for banks its size.
As of June 30, 2026, The Federal Savings Bank reported a CET1 capital ratio of 19.97%, a return on assets of 0.29%, a nonperforming-loan ratio of 2.69% and a Texas ratio of 16.42%. The figures come from its call report filed with the FFIEC.
The Federal Savings Bank ranks as the 50th largest of the 319 banks based in Illinois, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.0% to $1.08B, loans rose 0.8% and deposits fell 2.5%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 70.9% of total loans, ahead of construction and land development loans at 25.9%. The FDIC Summary of Deposits lists 2 offices for it, in Chicago, IL and Lake Forest, IL; its Chicago office books 61% of its branch deposits. On its Q2 2026 call report, The Federal Savings Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 4120 W Diversey Ave, Chicago, IL 60639
- 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 041
- Established
- July 3, 2000
- Former names
- The Federal Savings Bank (2011); Generations Bank (2008-2011); Brooke Savings Bank (2007-2008)
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 1,182
- Domestic deposits
- $741.1M
- Allowance for credit losses
- $5.9M
- Net charge-offs (YTD)
- $967K
- Average total assets
- $1.04B
- Average total loans
- $939.0M
- Average interest-bearing deposits
- $676.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- July 3, 2000
- FDIC Cert
- 35518
- Fed RSSD
- 2806877
- Website
- www.thefederalsavingsbank.com →
- Parent Holding Company
- NATIONAL BANCORP HOLDINGS, INC. (RSSD 4267463)
- Ultimate Parent
- STEPHEN M. CALK 2025 TRUST, THE (RSSD 6097507)
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, The Federal Savings Bank's total assets ranged from $1.07B (Q1 2026) to $1.23B (Q2 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
$1.08B total assets against $1.23B; $915.6M total liabilities against $1.06B.
$962.4M net loans and leases against $1.08B; $741.1M total deposits against $786.6M.
$3.5M securities against $3.8M; $46.7M cash and balances due against $48.6M.
$17.0M total interest income against $18.4M; $8.1M total interest expense against $9.3M.
$9.0M net interest income against $9.1M.
$40.7M total noninterest income against $48.1M; $48.4M total noninterest expense against $50.9M.
$323K provision for credit losses against $765K.
$753K net income against $4.1M.
0.29% return on assets against 1.44%; 3.57% net interest margin against 3.39%.
19.97% CET1 capital ratio against 17.58%; 15.86% tier 1 leverage ratio against 13.95%.
Inside the full The Federal Savings 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.
The Federal Savings Bank rankings
Its closest position to the top of a national ranking is 259 of 3,640, for Texas Ratio; its furthest is 3,538 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.33% (Q1 2025) to 1.71% (Q4 2024) and its net interest margin ran from 3.09% (Q1 2025) to 3.57% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 19.97% | 0.29% | 2.69% | 16.42% | 3.57% |
| Q1 2026 | 20.14% | -0.17% | 3.47% | 20.34% | 3.23% |
| Q4 2025 | 19.36% | 0.59% | 3.35% | 19.79% | 3.45% |
| Q3 2025 | 17.91% | 1.13% | 2.24% | 14.24% | 3.49% |
| Q2 2025 | 17.58% | 1.44% | 1.76% | 11.65% | 3.39% |
| Q1 2025 | 17.07% | -0.33% | 1.85% | 11.85% | 3.09% |
| Q4 2024 | 17.84% | 1.71% | 1.80% | 10.97% | 3.19% |
| Q3 2024 | 17.33% | 0.83% | 1.67% | 11.17% | 3.24% |
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 |
|---|---|---|---|
| The Federal Savings Bank | Chicago , IL | 60639 | $452.1M |
| Deerpath Branch | Lake Forest , IL | 60045 | $289.0M |
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 |
|---|---|---|---|
| March 28, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 28, 2015 | Structure Change | Acquired Baytree National Bank & Trust Company 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.
- Enforcement actions
- 7 against the institution (OCC, OCC (former OTS)); 4 against individuals associated with it
- April 2, 2026, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Federal Savings Bank
- October 29, 2021, OCC: Formal Agreement: The Federal Savings Bank
- January 8, 2021, OCC: Civil Money Penalty (CMP): The Federal Savings Bank
- March 3, 2011, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Federal Savings Bank
- March 3, 2011, OCC (former OTS): Cease and Desist: Generations Bank
- Period: Most recent institution action April 2, 2026. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.1% of deposits in IL, rank 76 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 20,924 applications, 8,296 loans originated, $3.15B originated, across 51 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $3.6M approved, $1.2M average. 100.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2011 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- 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 The Federal Savings Bank
What are The Federal Savings Bank's total assets?
As of the Q2 2026 filing, The Federal Savings Bank reported total assets of $1.08 billion in its FFIEC call report.
Where is The Federal Savings Bank headquartered?
It is headquartered in Chicago, IL, United States.
When was The Federal Savings Bank founded?
It was established in 2000, per the FDIC institution directory.
Is The Federal Savings Bank FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #35518). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Federal Savings Bank?
The Federal Savings Bank's primary federal regulator is the OCC.
What is The Federal Savings Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 19.97% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does The Federal Savings Bank 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 The Federal Savings Bank's Texas Ratio?
Its Texas Ratio is 16.42% 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 The Federal Savings Bank previously called?
The charter now named The Federal Savings Bank has also operated as The Federal Savings Bank (2011), Generations Bank (2008-2011), Brooke Savings Bank (2007-2008), per FDIC structure-change records.
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