First American Bank
Elk Grove Village, Illinois, Cook County
$8.6B in total assets, the 193rd largest of 4,309 US banks and 9th of 328 headquartered in Illinois.
- FDIC certificate
- 3657
- Established
- 1901
- Owned by
- First American Bank Corp
- Primary regulator
- FDIC
- Website
- www.firstambank.com
At a glance
Compared with 50 banks headquartered in Illinois with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $8.6B | 92% | $2.7B | |
| Loans | $3.4B | 76% | $2.0B | |
| Deposits | $5.6B | 86% | $2.3B | |
| Return on assets | 1.65% | 86% | 1.39% | |
| Net interest margin | 3.53% | 49% | 3.57% | |
| Efficiency ratio | 58.3% | 63% | 51.0% | |
| Equity to assets | 8.05% | 6% | 10.00% | |
| Loans to deposits | 61% | 2% | 87% |
Growth
Total assets grew 8.5% a year over the last 5 years and 9.5% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Oct 2019 | Continental National Bank Miami, FL | $457M |
| Feb 2018 | Southport Bank Kenosha, WI | $288M |
| Dec 2014 | Bank of Coral Gables Coral Gables, FL | $103M |
| Jan 2010 | Town Community Bank and Trust Antioch, IL | $71M |
| Sep 1999 | First American Bank Joliet, IL, an affiliate under the same holding company | $122M |
| Sep 1999 | First American Bank of Kankakee Kankakee, IL, an affiliate under the same holding company | $146M |
| Aug 1991 | First American Bank Buffalo Grove, IL, an affiliate under the same holding company | $54M |
| Aug 1991 | First American Bank Chicago, IL, an affiliate under the same holding company | $173M |
| Aug 1991 | First American Bank Hanover Park, IL, an affiliate under the same holding company | $26M |
| Aug 1991 | First American Bank Chicago, IL, an affiliate under the same holding company | $124M |
| Oct 1986 | First American Bank of Hampshire Hampshire, IL, an affiliate under the same holding company | $21M |
Where they operate
58 branches in 8 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Cook County, IL | $2.5B | 0.5% | 20 of 90 |
| Miami-dade County, FL | $763M | 0.4% | 36 of 58 |
| Kane County, IL | $589M | 3.8% | 7 of 31 |
| Kenosha County, WI | $423M | 11.2% | 4 of 11 |
| Lake County, IL | $388M | 1.3% | 16 of 30 |
| Dupage County, IL | $379M | 0.7% | 19 of 43 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 7 branches since 2016 (51 to 58, +13.7%). 1 opened, 8 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 51 | |||
| 2018 | Acquired Southport Bank | 3 | 0 | +3 | 54 |
| 2019 | Acquired Continental National Bank | 5 | 0 | +5 | 59 |
| 2024 | Opened HialeahClosed Hialeah | 1 | 1 | 0 | 59 |
| 2026 through Q2 | Closed Kankakee | 0 | 1 | −1 | 58 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Business (C&I) | 22% | 26% | |
| 1-4 family residential | 22% | 14% | |
| Commercial real estate | 18% | 28% | |
| Consumer | 16% | 5% | |
| Construction and land | 11% | 7% | |
| Multifamily | 7% | 9% | |
| Farmland | 0% | 3% | |
| Agricultural | 0% | 2% | |
| Other | 4% | 5% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 54% | 55% | |
| Noninterest-bearing | 28% | 21% | |
| Time deposits | 19% | 24% |
Brokered deposits are 0.0% of deposits (peers 8.0%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.60% | 0.49% |
| Net charge-offs, annualized | -0.01% | 0.08% |
| Reserves to loans | 1.36% | 1.07% |
| Leverage ratio | 7.58% | 10.08% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Illinois
Largest competitors in Cook County, IL
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/first-american-bank-elk-grove-village-il