Bank of Gibson City

Headquarters

804 South Sangamon Avenue
Gibson City, IL 60936
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.45% 0.95% →
2-Year CD 0.65% 1.05% →
5-Year CD 1.26% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bank of Gibson City is an FDIC insured institution located in Gibson City, IL. It was founded in 1979 and has approximately $0.09 billion in assets.

FDIC Insured Yes
FDIC Certificate # 22838
Date Established 1979
Assets $ 91.38 million
Loans $ 55.81 million
Deposits $ 73.67 million
Capital $ 10.58 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.45% $10,000 $14,999 Learn More
12 Mo CD
0.45% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.65% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
30 Mo CD
0.75% $10,000 $14,999 Learn More
30 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
48 Mo CD
1.16% $10,000 $14,999 Learn More
48 Mo CD
1.16% $100,000 $199,999 Learn More
60 Mo CD
1.26% $10,000 $14,999 Learn More
60 Mo CD
1.26% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of Gibson City

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,120 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Bank of Gibson City
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Branches

Bank of Gibson City 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


Bank of Gibson City Locations


Financial Details

Bank of Gibson City Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Gibson City. 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
Bank of Gibson City U.S. Bank Average
0.97% 6.94%

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, 2020, Bank of Gibson City had $73,000 in non-current loans and $35,000 in owned real estate. To cover these potential losses it had $10,581,000 in equity and $533,000 in loans loss reserves. That gives it a Texas Ratio of 0.97%.

Return on Equity
Bank of Gibson City U.S. Bank Average
9.7% 7.80%

Bank of Gibson City has a Return on Equity of 9.7% versus the BestCashCow average of 7.80%. 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
Bank of Gibson City U.S. Bank Average
11.58% 12.68%

Bank of Gibson City has a Capitalization of 11.58% versus the BestCashCow average of 12.68. 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.

Bank of Gibson City Balance Sheet Analysis

As of March 31, 2020, Bank of Gibson City had assets of $91,383,000, loans of $55,812,000, and deposits of $73,668,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 14.67 million
Interest-bearing balances $ 14.05 million
Total securities $ 14.83 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 55.81 million
Loan loss allowance $ 0.53 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.04 million
Goodwill and other intangibles $ 3.03 million
All other assets $ 2.46 million
     Total Assets $ 80.80 million
LIABILITIES
Total deposits $ 73.67 million
      Interest-bearing deposits $ 58.92 million
      Deposits held in domestic offices $ 73.67 million
      % insured (estimated) 89.16%
Federal funds purchased and repurchase agreements $ 6.64 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.50 million
      Total Liabilities $ 80.80 million
      Shareholders’ Equity $ 10.58 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.90 million
Total Interest Expense $ 0.16 million
Net interest income $ 0.74 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.06 million
Total non interest expense $ 0.44 million
Pre-tax Net Operating Income $ 0.34 million

Bank Loan Profile?

The top three loan types in Bank of Gibson City’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Illinois, Bank of Gibson City has a significantly higher percent of Farm 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 18.78
Multifamily
Mortgages
2.10
Credit Card Loans 0.00
Consumer Auto Loans 4.53
Small Business Loans 0.00
Construction and Development Loans 2.43
Commercial Real Estate 9.85
Commercial and Industrial Loans 8.83
Farm Loans 24.34

Frequently Asked Questions About Bank Of Gibson City

Branches and Savings

Is Bank Of Gibson City FDIC insured?

Yes. It is covered under FDIC Certificate #22838.

Why does Bank Of Gibson City pay such low interest on savings accounts?

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

Why are Bank Of Gibson City CD rates not competitive?

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

Is Bank Of Gibson City a commercial bank?

Yes

Where are Bank Of Gibson City locations?

See branch locations nearby.

Is Bank Of Gibson City open on Saturdays?

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Are Bank Of Gibson City ATMs Open 24/7?

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What address for Bank Of Gibson City should I put for incoming ACH transfers?

Will the Bank Of Gibson City branch print checks?

Do Bank Of Gibson City checks expire?

Does Bank Of Gibson City require US citizenship to open account?

Can Bank Of Gibson City close my account?

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Products

Does Bank Of Gibson City offer mortgages?

Compare mortgage rates here.

Does Bank Of Gibson City offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Gibson City offer personal loans?

Compare personal loan rates here.

Does Bank Of Gibson City offer student loans?

Will Bank Of Gibson City cash a check?

Will Bank Of Gibson City redeem a savings bond?

Does Bank Of Gibson City cash savings bonds?

Will Bank Of Gibson City cash money orders?

Can Bank Of Gibson City issue a money order?

Does Bank Of Gibson City do currency exchange?

Background on The Bank

Who owns Bank Of Gibson City?

How long has Bank Of Gibson City been around?

Can Bank Of Gibson City transfer to other banks?

Does Bank Of Gibson City have quick pay?

Does Bank Of Gibson City accept rolled coins?

Will Bank Of Gibson City accept loose change?

Where is Bank Of Gibson City headquarters?

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