GN Bank
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Data as of · sourced from FFIEC call reports. How we update
GN Bank is an FDIC-insured savings institution headquartered in Chicago, IL, established in 1934 (FDIC certificate 29399), and it is supervised by the OCC. At Q2 2026 it reported total assets of $59.8M, down 6.5% from Q2 2025, the 287th largest of 319 banks headquartered in Illinois. It reports no CET1 ratio; its Tier 1 leverage ratio was 16.06% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 29399
- Headquarters
- Chicago, IL
- Established
- 1934
- Total assets, Q2 2026
- $59.8M
- Assets vs Q2 2025
- -6.5%
- Tier 1 leverage ratio, Q2 2026
- 16.06%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 271070924
- Latest call report
- Q2 2026, FFIEC 051 · GN Bank call report
- Asset rank in state
- 287th of 319 in Illinois
Problem loans are rising at GN Bank. It reported $60 million in assets at June 30, 2026, down 6.5% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 13.11% of loans from 7.21% a year earlier. It carries problem assets equal to 37.9% of the capital and reserves that would absorb them, 27.5 times the median of 1.4% for the 583 banks with less than $100 million in assets. It also shrank its loan book 18.1% over the year, lower than about 9 in 10 banks its size (median 2.6%).
The non-owner-occupied commercial real estate book ($3.2 million) is worsening: 56.25% of it is past due or on nonaccrual, up from 43.33% a year earlier. The balance sheet shrank over the year: over the year loans fell 18.1% and deposits fell 7.7%. Concentration is the risk to watch: it holds commercial real estate loans worth 0.8 times its capital, about triple the median of 26% for banks its size.
As of June 30, 2026, GN Bank reported a return on assets of 1.30%, a nonperforming-loan ratio of 13.11% and a Texas ratio of 37.94%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, GN Bank is the 287th largest of the 319 banks headquartered in Illinois. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 2.8% to $59.8M, loans fell 5.3% and deposits fell 3.7%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 34.3% of total loans, followed by multifamily loans at 18.1%. Its one office in the FDIC Summary of Deposits is in Chicago, IL. Judged on its Q2 2026 call report, GN Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 4619 S Martin L King Dr, Chicago, IL 60653
- 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, 1934
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 12
- Domestic deposits
- $50.6M
- Allowance for credit losses
- $228K
- Net charge-offs (YTD)
- $239K
- Average total assets
- $60.7M
- Average total loans
- $25.6M
- Average interest-bearing deposits
- $44.1M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 29399
- Fed RSSD
- 250476
- Website
- www.gnbank.net →
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, GN Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
GN Bank's total assets moved between a low of $59.8M (Q2 2026) and a high of $65.9M (Q3 2024) from Q3 2023 to Q2 2026, 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
$59.8M total assets against $63.9M; $50.7M total liabilities against $55.0M.
$24.8M net loans and leases against $30.2M; $50.6M total deposits against $54.8M.
$27.7M securities against $21.4M; $3.6M cash and balances due against $9.3M.
$691K total interest income against $772K; $131K total interest expense against $154K.
$560K net interest income against $618K.
$187K total noninterest income against $52K; $550K total noninterest expense against $668K.
$0 provision for credit losses against -$1K.
$197K net income against $3K.
1.30% return on assets against 0.02%; 3.87% net interest margin against 4.01%.
16.06% tier 1 leverage ratio against 14.65%.
Inside the full GN 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.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.79% (Q1 2026) to 1.30% (Q2 2026) and its net interest margin ran from 3.85% (Q1 2025) to 4.34% (Q3 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.06% | 1.30% | 13.11% | 37.94% | 3.87% |
| Q1 2026 | 15.07% | -0.79% | 10.72% | 31.27% | 4.05% |
| Q4 2025 | 15.07% | 1.08% | 8.98% | 25.13% | 4.24% |
| Q3 2025 | 14.71% | 0.33% | 8.95% | 25.83% | 4.34% |
| Q2 2025 | 14.65% | 0.02% | 7.21% | 25.72% | 4.01% |
| Q1 2025 | 14.70% | 0.33% | 5.80% | 19.33% | 3.85% |
| Q4 2024 | 14.31% | 0.90% | 5.80% | 22.17% | 4.17% |
| Q3 2024 | 14.09% | -0.46% | 5.46% | 19.57% | 4.34% |
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 |
|---|---|---|---|
| GN Bank (main office) | Chicago , IL | 60653 | $50.6M |
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 31, 1982 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 8, 1982 | Structure Change | Acquired Morgan Park Savings and Loan Association 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
- 3 against the institution (OCC); 2 against individuals associated with it
- September 18, 2020, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): GN Bank
- April 16, 2015, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Illinois-Service FS & LA
- February 28, 2013, OCC: Formal Agreement: Illinois-Service FS & LA
- Period: Most recent institution action September 18, 2020. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in IL, rank 342 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 GN Bank
What are GN Bank's total assets?
As of the Q2 2026 filing, GN Bank reported total assets of $59.8 million in its FFIEC call report.
Where is GN Bank headquartered?
It is headquartered in Chicago, IL, United States.
When was GN Bank founded?
It was established in 1934, per the FDIC institution directory.
Is GN Bank FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #29399). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates GN Bank?
GN Bank's primary federal regulator is the OCC.
How many branches does GN 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 GN Bank's Texas Ratio?
Its Texas Ratio is 37.94% 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.
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