Washington Federal Bank For Savings
Chicago, IL · Owner: Washington Bancshares Inc
$166M
total assets, September 30, 2017
$166M
total assets, September 30, 2017
Washington Federal Bank For Savings was a savings bank in Chicago, IL, owned by Washington Bancshares Inc. It failed on Dec 15, 2017, and Royal Savings Bank took over its deposits. At its last report it held $166.3 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2017
This bank failed
- Failed on
- Dec 15, 2017
- Assets
- $166M
- Deposits
- $144M
- Estimated cost
- $75.0M
- Deposits went to
- Royal Savings Bank, Chicago, IL
Total assets
$166M
+8.8% in a year · +2.1% in a quarter
Deposits
$144M
+8.4% in a year · +2.2% in a quarter
Loans
$137M
+8.0% in a year · +2.5% in a quarter
Profit so far
$1.7M
Jan 1 to Sep 30, 2017 · +2.1% in a year
Capital ratio
12.64%
+0.42 pts in a year
Return on assets
1.44%
-0.09 pts in a year
Facts
- Type
- Savings bank
- Head office
- 2869 South Archer Ave, Chicago, IL, 60608
- County
- Cook
- Holding company
- Washington Bancshares Inc
- Established
- Jan 1, 1913
- Failed
- Dec 15, 2017
- Employees
- 16
- Branches
- 2
- Id
- b30570
Quarter by quarter
March 31, 1984 to September 30, 2017
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Washington Federal Bank For Savings?
$166.3 million in total assets and $144.0 million in deposits as of September 30, 2017, with assets up 8.8% from a year before. Its loans were $136.6 million.
How many branches does Washington Federal Bank For Savings have?
2 branches in Illinois as of June 30, 2026.
Is Washington Federal Bank For Savings profitable?
Yes: it earned $1.73 million from January 1 to September 30, 2017 (up 2.1% from the same months a year before). Its return on assets was 1.44% a year; about 1% is typical.
Who owns Washington Federal Bank For Savings?
Washington Federal Bank For Savings is owned by Washington Bancshares Inc, its holding company.
When did Washington Federal Bank For Savings fail?
Dec 15, 2017. Royal Savings Bank of Chicago, IL took over its deposits. The estimated cost of the failure was $75.0 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.