Bank · FDIC insured
First Federal Savings Bank
A $421.9M bank headquartered in Ottawa, IL, with 11 branches in Illinois. Best rates: CDs 3.66% APY.
First Federal Savings Bank Carrot Score
66
Carrot Score
Higher than 16% of U.S. banks and credit unions
#14 of 17 in Ottawa, IL metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First Federal Savings Bank
First Federal Savings Bank is a depositor-owned mutual bank founded in 1889 as Valley Building and Loan.
Originally formed to support home ownership for families in Ottawa, the institution changed its name to First Federal Savings Bank in 1989.
Today, First Federal Savings Bank operates locations across northern Illinois.
- Headquarters
- 633 La Salle St, Ottawa, IL 61350
- FDIC certificate
- 28924 ↗
Branches
11 branches in Illinois
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Illinois
11 branches
Ottawa area · 6
- First Federal Savings BankMain office633 La Salle St, Ottawa, IL 61350Directions
- 475 Third St Branch475 3rd St, LaSalle, IL 61301Directions
- West Main Street Branch433 W Main St, Ottawa, IL 61350Directions
- Peru Mall Branch1600 38th St, Peru, IL 61354Directions
- 8 Dannys Drive Branch8 Dannys Dr, Streator, IL 61364Directions
- 137 S Main Branch137 S Main St, Walnut, IL 61376Directions
Chicago area · 3
- Elgin Branch325 S Randall Rd, Elgin, IL 60123Directions
- 124 E Main St Branch124 E Main St, Morris, IL 60450Directions
- Shorewood Branch801 W Jefferson St, Shorewood, IL 60404Directions
Dixon area · 1
- 111 E Main Branch111 E Main St, Amboy, IL 61310Directions
Sterling area · 1
- Rock Falls Branch701 1st Ave, Rock Falls, IL 61071Directions
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 | 10.69% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 1.32% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.40% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $93 | $81 | — |
- CapitalLeverage ratio10.69%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent1.32%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.40%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$93Peers’ 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 First Federal Savings Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.