The Bank's primary business is retail community banking, which includes attracting deposits from and originating loans for the general public. In addition to deposits, the Bank also obtains a portion of its funding through borrowings from the Federal Home Loan Bank of Chicago, of which it is a member. The Bank's funding sources are principally used to originate single-family residential loans, as well as commercial real estate, consumer and education loans. In addition to loans, the Bank also invests in securities issued by the United States government and its agencies, and in other investment securities, such as collateralized mortgage obligations, mortgage-backed securities, mutual funds and corporate bonds and notes, as permitted by applicable federal laws and regulations.
Results reflect growth in the average earning assets, offset by higher interest paid on deposits.
Earnings reflect higher gains on the sale of loans. All Rights Reserved. Privacy Policy - Terms of Service Company information Copyright Market Guide . Data and information is provided for informational purposes only, and is not intended for trading purposes.