Algonquin State Bank

2400 Huntington Drive North
Algonquin, IL 60102

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 13080
Date Established 1902
Assets $0.14 billion
Loans $0.06 billion
Deposits $0.13 billion
Capital $0.01 billion

Algonquin State Bank is an FDIC insured institution located in Algonquin, IL. It was founded in 1902 and has approximately $0.14 billion in assets. Customers can open an account at one of its 4 branches.

For a more detailed analysis of Algonquin State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Algonquin State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks, Algonquin State Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 39.17
Multifamily
Mortgages
8.17
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 6.99
Construction and Development Loans 5.26
Commercial Real Estate 8.90
Commercial and Industrial Loans 0.38
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.03% $2,500 $49,999 Learn MoreShow Less
3 Mo CD 100K
0.13% $50,000 - Learn MoreShow Less
6 Mo CD 10K
0.05% $2,500 $49,999 Learn MoreShow Less
6 Mo CD 100K
0.15% $50,000 - Learn MoreShow Less
Special: 7 Mo CD
0.13% $5,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.03% $500 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.08% $500 $49,999 Learn MoreShow Less
Special: 7 Mo FIRA
0.13% $5,000 - Learn MoreShow Less
Special: 13 Mo FIRA
0.25% $5,000 - Learn MoreShow Less
Special: 23 Mo FIRA
0.40% $5,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.08% $500 $49,999 Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.04% $2,500 $24,999 Learn MoreShow Less
MM 25K
0.04% $25,000 - Learn MoreShow Less
PREMM Rates APY MIN MAX
Premium MM 10K
0.04% $10,000 $24,999 Learn MoreShow Less
Premium MM 25K
0.08% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.02% $1,000 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Algonquin State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
US Wide Financial
NMLS ID: 55028
License#: MC-5809
3.761% 3.750% -0.13 $335 $1,158 Learn More
Rocket Mortgage
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Algonquin State Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Algonquin State Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Algonquin State Bank Locations

Financial Details

Algonquin State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Algonquin State Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Algonquin State Bank U.S. Bank Average
16.5% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Algonquin State Bank had $320,000 in non-current loans and $2,163,000 in owned real estate. To cover these potential losses it had $14,526,000 in equity and $525,000 in loans loss reserves. That gives it a Texas Ratio of 16.5%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Algonquin State Bank U.S. Bank Average
-0.66% 8.58

Algonquin State Bank has a Return on Equity of -0.66% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Algonquin State Bank U.S. Bank Average
10.23% 12.11

Algonquin State Bank has a Capitalization of 10.23% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Algonquin State Bank Balance Sheet Analysis

As of June 30, 2017, Algonquin State Bank had assets of $141,957,000, loans of $59,311,000, and deposits of $127,032,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Algonquin State Bank

Branches and Savings

Is Algonquin State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #13080.

Why does Algonquin State Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Algonquin State Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Algonquin State Bank a commercial bank?

Yes

Where are Algonquin State Bank locations?

See branch locations nearby.

Is Algonquin State Bank open on Saturdays?

Is Algonquin State Bank open on Sundays?

What time does Algonquin State Bank open?

What time does Algonquin State Bank close?

Are Algonquin State Bank ATMs Open 24/7?

Do Algonquin State Bank ATMs accept cash deposits?

Can Algonquin State Bank customers use other ATMs?

Do Algonquin State Bank branches have notaries?

Will Algonquin State Bank notarize my document?

What address for Algonquin State Bank should I put for incoming ACH transfers?

Will the Algonquin State Bank branch print checks?

Do Algonquin State Bank checks expire?

Does Algonquin State Bank require US citizenship to open account?

Can Algonquin State Bank close my account?

Does Algonquin State Bank Report to credit bureaus?

Does Algonquin State Bank Use Equifax?

What is Algonquin State Bank's ACH Routing Number?

What is Algonquin State Bank's SWIFT code?

Products

Does Algonquin State Bank offer mortgages?

Compare mortgage rates here.

Does Algonquin State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Algonquin State Bank offer personal loans?

Compare personal loan rates here.

Does Algonquin State Bank offer student loans?

Will Algonquin State Bank cash a check?

Will Algonquin State Bank redeem a savings bond?

Does Algonquin State Bank cash savings bonds?

Will Algonquin State Bank cash money orders?

Can Algonquin State Bank issue a money order?

Does Algonquin State Bank do currency exchange?

Background on The Bank

Who owns Algonquin State Bank?

How long has Algonquin State Bank been around?

Can Algonquin State Bank transfer to other banks?

Does Algonquin State Bank have quick pay?

Does Algonquin State Bank accept rolled coins?

Will Algonquin State Bank accept loose change?

Where is Algonquin State Bank headquarters?

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