Area Bank

Headquarters

225 Main Street
Rosiclare, IL 62982
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 3.50% →
1-Year CD N.A. 3.70% →
2-Year CD N.A. 3.80% →
5-Year CD N.A. 4.25% →
30-Year Mortgage N.A. 6.20% →
15-Year Mortgage N.A. 5.66% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

Area Bank is an FDIC insured institution located in Rosiclare, IL. It was founded in 1920 and has approximately $0.1 billion in assets.

FDIC Insured Yes
FDIC Certificate # 9641
Date Established 1920
Assets $ 103.98 million
Loans $ 25.55 million
Deposits $ 95.07 million
Capital $ 8.46 million
 

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

Deposit Rates - October 4, 2022

Your Current Location: Connecticut, CT 06828

There are currently no rates available for Area Bank, but see these great savings and CD rates:

Advertiser Disclosure
 

Loan Rates - October 4, 2022

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Area Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2022

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Payment
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Quicken Loans NMLS #3030
NMLS ID: 3030
7.010% 6.875%
0.88 points
$3,438 fees
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AimLoan.com
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Interstate Home Loan Center, Inc
NMLS ID: 56315
6.489% 6.375%
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$1,560 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to Area Bank
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Branches

Area 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:
Fairfield,Connecticut


Area Bank Locations



Climate Initiatives

Area Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Area Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Area 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
Area Bank U.S. Bank Average
9.22% 4.01%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2022, Area Bank had $161,000 in non-current loans and $656,000 in owned real estate. To cover these potential losses it had $8,455,000 in equity and $405,000 in loans loss reserves. That gives it a Texas Ratio of 9.22%.

Return on Equity
Area Bank U.S. Bank Average
5.88% 9.01%

Area Bank has a Return on Equity of 5.88% versus the BestCashCow average of 9.01%. 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
Area Bank U.S. Bank Average
8.13% 10.66%

Area Bank has a Capitalization of 8.13% versus the BestCashCow average of 10.66. 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.

Area Bank Balance Sheet Analysis

As of September 30, 2014, Area Bank had assets of $103,977,000, loans of $25,548,000, and deposits of $95,069,000. 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.

Summary Balance Sheet

March 31, 2022
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 25.55 million
Loan loss allowance $ 0.41 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.66 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 95.07 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 103.98 million

Summary Income Statement

March 31, 2022
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Area Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Illinois, Area Bank has a significantly higher percent of Small Business Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 38.95
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.79
Small Business Loans 8.55
Construction and Development Loans 0.39
Commercial Real Estate 12.35
Commercial and Industrial Loans 28.05
Farm Loans 4.09

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