# FEDERAL SAVINGS BANK
CHICAGO, IL · FDIC certificate 35518 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 10 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $1.08B | |
| Deposits | $741.1M | |
| Loans and leases | $968.4M | |
| Total equity | $165.1M | |
| Loans / deposits | 129.86% (p99 of band) | 87.10% |
| Liquid assets / assets | 4.65% (p1 of band) | |
| Uninsured deposits / deposits | 15.02% (p9 of band) | 30.76% |
| Brokered deposits | 19.19% | |
| Wholesale funding | 31.22% (p96 of band) | |
| FHLB advances / assets | 12.03% | |
| Tier 1 leverage | 15.86% (p94 of band) | 10.50% |
| Unrealized securities loss / equity | -0.56% (p92 of band) | -7.75% |
| AOCI / equity | 0.00% (p75 of band) | |
| ROA (annualized) | 0.05% (p3 of band) | 1.26% |
| Net interest margin | 3.42% (p32 of band) | 3.70% |
| Efficiency ratio | 99.72% (p99 of band) | |
| Noncurrent loans | 2.69% (p95 of band) | 0.51% |
| Net charge-offs (annualized) | 0.18% (p84 of band) | |
| Reserve coverage of noncurrent | 22.79% | |
| Real estate % of loans | 97% | |
| Construction % of loans | 152.00% (p97 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | -5.8% | |
| Employees | 1182 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **liquid assets <10%** (`liq_thin`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | leverage <7%, losing money, expense ratio p90 |  |
| 2011-06 | 3 | wholesale funding >15%, NIM <2.5%, reserve under noncurrent | leverage <7%, losing money, expense ratio p90 |
| 2011-09 | 3 | charge-offs p90 | wholesale funding >15% |
| 2011-12 | 3 | loans exceed deposits, wholesale funding >15% | NIM <2.5%, reserve under noncurrent |
| 2012-03 | 1 | capital falling | charge-offs p90, loans exceed deposits, wholesale funding >15% |
| 2012-06 | 1 | loans exceed deposits | capital falling |
| 2012-09 | 5 | brokered >10%, wholesale funding >15%, liquid assets <10%, leverage <7% |  |
| 2012-12 | 4 |  | leverage <7% |
| 2013-03 | 4 |  |  |
| 2013-06 | 2 |  | loans exceed deposits, liquid assets <10% |
| 2013-09 | 3 | deposits shrinking, assets shrinking | wholesale funding >15% |
| 2013-12 | 7 | loans exceed deposits, wholesale funding >15%, liquid assets <10%, uninsured deposits leaving |  |
| 2014-03 | 5 | losing money, expense ratio p90 | loans exceed deposits, wholesale funding >15%, liquid assets <10%, uninsured deposits leaving |
| 2014-06 | 6 | loans exceed deposits, wholesale funding >15%, liquid assets <10%, capital falling | deposits shrinking, assets shrinking, losing money |
| 2014-09 | 7 | reserve under noncurrent |  |
| 2014-12 | 5 |  | expense ratio p90, capital falling |
| 2015-03 | 3 |  | loans exceed deposits, liquid assets <10% |
| 2015-06 | 4 | loans exceed deposits |  |
| 2015-09 | 4 |  |  |
| 2015-12 | 5 | liquid assets <10% |  |
| 2016-03 | 7 | deposits shrinking, assets shrinking |  |
| 2016-06 | 5 |  | deposits shrinking, assets shrinking |
| 2016-09 | 6 | capital falling |  |
| 2016-12 | 3 |  | wholesale funding >15%, liquid assets <10%, capital falling |
| 2017-03 | 5 | liquid assets <10%, deposits shrinking, assets shrinking | brokered >10% |
| 2017-06 | 7 | wholesale funding >15%, expense ratio p90 |  |
| 2017-09 | 8 | brokered >10% |  |
| 2017-12 | 7 | capital falling, charge-offs p90 | deposits shrinking, assets shrinking, brokered >10% |
| 2018-03 | 4 |  | wholesale funding >15%, capital falling, charge-offs p90 |
| 2018-06 | 7 | brokered >10%, wholesale funding >15%, assets shrinking |  |
| 2018-09 | 7 | uninsured deposits leaving | assets shrinking |
| 2018-12 | 6 | capital falling | brokered >10%, uninsured deposits leaving |
| 2019-03 | 6 | brokered >10%, uninsured deposits leaving | expense ratio p90, capital falling |
| 2019-06 | 3 |  | loans exceed deposits, liquid assets <10%, uninsured deposits leaving |
| 2019-09 | 7 | loans exceed deposits, liquid assets <10%, capital falling, NIM <2.5% |  |
| 2019-12 | 7 | uninsured deposits leaving | capital falling |
| 2020-03 | 6 |  | uninsured deposits leaving |
| 2020-06 | 4 |  | loans exceed deposits, liquid assets <10% |
| 2020-09 | 4 |  |  |
| 2020-12 | 6 | loans exceed deposits, liquid assets <10% |  |
| 2021-03 | 6 | expense ratio p90 | liquid assets <10% |
| 2021-06 | 7 | liquid assets <10%, deposits shrinking, assets shrinking | wholesale funding >15%, brokered >10% |
| 2021-09 | 7 |  |  |
| 2021-12 | 6 |  | liquid assets <10% |
| 2022-03 | 5 |  | loans exceed deposits |
| 2022-06 | 5 |  |  |
| 2022-09 | 6 | loans exceed deposits, uninsured deposits leaving | NIM <2.5% |
| 2022-12 | 6 | wholesale funding >15%, losing money | reserve under noncurrent, assets shrinking |
| 2023-03 | 9 | capital falling, noncurrent p90, charge-offs p90, reserve under noncurrent | uninsured deposits leaving |
| 2023-06 | 8 | brokered >10%, uninsured deposits leaving | deposits shrinking, noncurrent p90, charge-offs p90 |
| 2023-09 | 7 |  | uninsured deposits leaving |
| 2023-12 | 7 |  |  |
| 2024-03 | 9 | charge-offs p90, uninsured deposits leaving |  |
| 2024-06 | 11 | liquid assets <10%, construction >100% equity |  |
| 2024-09 | 11 | noncurrent p90 | capital falling |
| 2024-12 | 9 |  | losing money, charge-offs p90 |
| 2025-03 | 9 | losing money | uninsured deposits leaving |
| 2025-06 | 8 |  | losing money |
| 2025-09 | 8 |  |  |
| 2025-12 | 8 |  |  |
| 2026-03 | 10 | losing money, assets shrinking |  |
| 2026-06 | 10 | deposits shrinking | losing money |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-04-20 [OCC Enters Into Consent Order with Savings Bank Over VA Mortgage Refinance Loan Practices - consumerfinancemonitor.com](https://news.google.com/rss/articles/CBMi1wFBVV95cUxON3FtLUZWNm1BUXd6R3V4V3F2dUlEaDdIU195MUowVk1uWDRubThtWjRtWDNQSHZfbVV3V2l4ZUZWQzhnbXRmRjkxb29feVNDNkR5UmkxY1p4SXNZUFNIQkJYY3BRbk4wdFJHakhKbkxSRHAzVXhZUl9zNUgtRW1OeDZ5aEpwM3U2Rlo5NDlmRGVkUTIxS0tWb2VhTEFqZHJZWkV0TW9sYkxURDlEeGVkRGhWOC1HUmZUaWttRXRuWHdJdngtcjdxemtxR1BxN1Fldk0zVlVsWQ?oc=5) · consumerfinancemonitor.com
- 2026-04-17 [Feds crack down on Federal Savings Bank over misleading ads for VA loans - Crain's Chicago Business](https://news.google.com/rss/articles/CBMinAFBVV95cUxPelZKQkRCSkNCVVhxY2JWVlZ6MzAtSUttdTVTSTFaLXNLQkhMc0RISF9sM1d4RE11Y2p4QmVpdm5sVGQ3UkxCMFdvRjIzN09hdWZEdE1wWFowcWVBR25acDVabm8tNTU0dlR3alpqQkwtc0FwR0h6amVUS1RiVk92N1NsZXpOUW9QUjN4bUhxaGRfV05DSmlmcEFGZlA?oc=5) · Crain's Chicago Business
- 2026-04-16 [OCC Orders The Federal Savings Bank to Correct Alleged Deceptive Loan Claims - PYMNTS.com](https://news.google.com/rss/articles/CBMixgFBVV95cUxOT1VfSDhBc3ZkRlAzaHdTel8xNmwwU3hlUUpsVG1uR2ItVlVxTFhCRlhKYW94WTVtQmQtaHBKb1o4Mm5kN3JDREV2WjZMaGl6aDlBMlhKSFFZSUpkcy1oMnh1c2pNYmNMenBVMGlkQXJyOXlWVURuSUQyMzdHQUJPMkwyMHVTTmhZc19uaG1WeHVlOWs1elBEVm9yMjZGZWY1V0d1c1hxOHlGb3dxRFNUVUJjTHhLV3Z0WHhIRWFpLVVMb1BDbnc?oc=5) · PYMNTS.com
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-08-24 [Failed Banks In The US: An Analysis By Year, Size And More - Forbes](https://news.google.com/rss/articles/CBMibEFVX3lxTE9SRkVrQmdfS2FWVWlBdzNCcy1OTlAyNlVSUEpoMG5WVllXR0V1dW5NSFBRSW91OUFjZ055S3dyS3RaaVg3dVc3UU12XzhENE5nanJFeEExR016RTR4Y1BERHVJSHlzSDNqS3pUWQ?oc=5) · Forbes
- 2026-05-16 [FEDERAL RESERVE BOARD ANNOUNCES APPROVAL OF APPLICATION BY THE STEPHEN M. CALK 2025 TRUST - InsuranceNewsNet](https://news.google.com/rss/articles/CBMixwFBVV95cUxQWFE5U2lRMlU4N1VlYWxEczNFYWFXaXVqaEtHZW1iYmptSGxJZUF6NElGUzUtSjVQOHN2U0k5YjZVdDFfd1F0UjA3QmtuSW9BdHlCdDFfbWZRRXVIR3NIRXlfdDV3YVFyNFVvbGI1SEJxNHZxUGpzRHlqa0djdnJCTDFja2JSNWFtSVEzZTdpeVB6QkFBZS1rWV9JcWtFczM4cWx2eHMzRDdrU2FVUEd6RGs5MVlTZnozeU9kMTBtS1ZtbmtCby00?oc=5) · InsuranceNewsNet
- 2025-03-05 [Black-Owned Carver Federal Bank Is Betting on Microlending - Next City](https://news.google.com/rss/articles/CBMimAFBVV95cUxNQTVmTFQ1TVNjbjRNT0czUHRKQmY0dlBCM0FpTXlVQXRzeGZRUzN0R2VTa3hTTDJqR3lBZlZ6Tmw5UTM2d1dOcTZiZ3NCY0VwRHp1LTZHY0lUaUlpdDE2UTlFSkoxcG9ObktNbmJYNXJhNmNhbUdlYUJZMXp1THB5UUw3SmxFR0NIM3E4eWwwemVoclR0enNlWg?oc=5) · Next City
- 2026-04-17 [Small Chicago lender hit over alleged deceptive ads to veterans - Banking Dive](https://news.google.com/rss/articles/CBMipwFBVV95cUxOY25zN19nbkwzZnoyS242VHY3R0NpczlweEtSN1lfUE9EVTYzSGVOXzZQQ3dZUC1tbGg3b1JDanNUbXQ0b1ZmeWVYV2lIVVJWd1ZDQmpCTXZ6Yjg4ZmxvNFZUQm5MWlFoLXM0RGp6RTRGN2FmTW1Va0xUc0xxZWUxSGREd1hPdTluXzJJY1ptSjNVc2Y0bGJFTDg4c1l4Qzk0X0hnZ3cwNA?oc=5) · Banking Dive

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35518 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/62.json (key "35518", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide