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 $0.05 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 49.37
Multifamily
Mortgages
10.79
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 0.00
Construction and Development Loans 5.69
Commercial Real Estate 11.68
Commercial and Industrial Loans 0.42
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
12 Mo CD 10K 0.08% $1,000 $49,999 Learn MoreShow Less
12 Mo CD 100K 0.18% $50,000 - Learn MoreShow Less
Special: 13 Mo CD 0.25% $5,000 - Learn MoreShow Less
18MCD10K 0.08% $1,000 $49,999 Learn MoreShow Less
18 Mo CD 100K 0.18% $50,000 - Learn MoreShow Less
Special: 23 Mo CD 0.40% $5,000 - Learn MoreShow Less
24 Mo CD 10K 0.20% $1,000 $49,999 Learn MoreShow Less
24 Mo CD 100K 0.30% $50,000 - Learn MoreShow Less
30MCD10K 0.20% $1,000 $49,999 Learn MoreShow Less
36 Mo CD 10K 0.33% $1,000 $49,999 Learn MoreShow Less
36 Mo CD 100K 0.43% $50,000 - Learn MoreShow Less
48 Mo CD 10K 0.50% $1,000 $49,999 Learn MoreShow Less
48 Mo CD 100K 0.60% $50,000 - Learn MoreShow Less
60 Mo CD 10K 0.70% $1,000 $49,999 Learn MoreShow Less
60 Mo CD 100K 0.80% $50,000 - 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

BestCashCow tracks mortgage, home equity, and auto loan rates. In the future, we will be adding other loan products. Please contact the lender for questions about their loan products.

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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
18.21% 8.87%

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 March 31, 2017, Algonquin State Bank had $600,000 in non-current loans and $1,966,000 in owned real estate. To cover these potential losses it had $13,566,000 in equity and $524,000 in loans loss reserves. That gives it a Texas Ratio of 18.21%. 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
-2.79% 8.39%

Algonquin State Bank has a Return on Equity of -2.79% versus the BestCashCow average of 8.39%. 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
9.53% 11.94%

Algonquin State Bank has a Capitalization of 9.53% versus the BestCashCow average of 11.94%. 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 March 31, 2017, Algonquin State Bank had assets of $142,396,000, loans of $46,504,000, and deposits of $128,336,000. 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.

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