Bank · FDIC insured
Federated Bank
Top CarrotA $140.1M bank headquartered in Onarga, IL, with 5 branches in Illinois. Best rates: CDs 4.15% and savings 0.40% APY.
Federated Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 88% of U.S. banks and credit unions
#18 of 124 in Chicago, IL-IN metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Federated Bank
Federated Bank, originally established as Onarga State Bank in 1918, operates its main office in Onarga, Illinois.
Renamed in 1983, the bank acquired Bank of Chebanse in 1985 and expanded with branch facilities in Loda and Bradley.
The locally owned community bank is part of Central Illinois-based holding company Longview Capital Corporation.
Serving North Central Illinois along Interstate 57, the bank provides personal, business, and agricultural financing along with trust services.
- Headquarters
- 107 N Chestnut St, Onarga, IL 60955
- FDIC certificate
- 10464 ↗
Branches
5 branches in Illinois
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Illinois
5 branches
Onarga area · 1
- Federated BankMain office107 N Chestnut St, Onarga, IL 60955Directions
Kankakee area · 1
- Bradley Branch327 S Kinzie Ave, Bradley, IL 60915Directions
Chicago area · 1
- Federated Bank Braidwood Branch130 N Washington St, Braidwood, IL 60408Directions
Chebanse area · 1
- Chebanse Facility Branch110 W First North St, Chebanse, IL 60922Directions
Loda area · 1
- Loda Branch Facility117 S Oak St, Loda, IL 60948Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 8.88% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.20% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.20% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $75 | $81 | — |
- CapitalLeverage ratio8.88%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.20%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.20%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$75Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Federated Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.