Bank of Illinois

200 West College Avenue
Normal, IL 61761

Notable Rates APY Vs.Others
Savings N.A. 2.60% →
1-Year CD N.A. 2.30% →
2-Year CD N.A. 2.50% →
5-Year CD N.A. 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Bank of Illinois is an FDIC insured institution located in Normal, IL. It was founded in 1914 and has approximately $0.21 billion in assets.

Bank of Illinois, Normal, Illinois, was closed March 5, 2010 by the Illinois Department of Financial Professional Regulation – Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Heartland Bank and Trust Company, Bloomington, Illinois, to assume all of the deposits of Bank of Illinois.

FDIC Insured Yes
FDIC Certificate # 9268
Date Established 1914
Assets $0.21 billion
Loans $0.15 billion
Deposits $0.20 billion
Capital $0.01 billion
 

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

Deposit Rates - November 17, 2019

Your Current Location: Connecticut, CT 06828

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

Advertiser Disclosure

Loan Rates - November 17, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of Illinois

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 2019

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Payment
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Rocket Mortgage
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4.875% 4.875% 0.00 $0 $1,324 Learn More
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NMLS ID: 2890
License#: 13256
3.535% 3.500% 0.50 $1,102 $1,123 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

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Figure Home Equity Line
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0.000 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
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Note to Bank of Illinois
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Branches

Bank of Illinois 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 Illinois Locations


Financial Details

Bank of Illinois Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Illinois. 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 Illinois U.S. Bank Average
70.74% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2019, Bank of Illinois had $13,263,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,115,000 in equity and $10,633,000 in loans loss reserves. That gives it a Texas Ratio of 70.74%.

Return on Equity
Bank of Illinois U.S. Bank Average
-49.73% 9.50%

Bank of Illinois has a Return on Equity of -49.73% versus the BestCashCow average of 9.50%. 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 Illinois U.S. Bank Average
3.83% 12.76%

Bank of Illinois has a Capitalization of 3.83% versus the BestCashCow average of 12.76. 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 Illinois Balance Sheet Analysis

As of November 30, -0001, Bank of Illinois had assets of $211,711,000, loans of $153,775,000, and deposits of $198,487,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.15 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.00 billion
LIABILITIES
Total deposits $0.20 billion
      Interest-bearing deposits $0.00 billion
      Deposits held in domestic offices $0.00 billion
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.00 billion
      Shareholders’ Equity $0.21 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Bank of Illinois’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Bank of Illinois’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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Bank Of Illinois

Branches and Savings

Is Bank Of Illinois FDIC insured?

Yes. It is covered under FDIC Certificate #9268.

Why does Bank Of Illinois 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 Illinois CD rates not competitive?

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

Is Bank Of Illinois a commercial bank?

Yes

Where are Bank Of Illinois locations?

See branch locations nearby.

Is Bank Of Illinois open on Saturdays?

Is Bank Of Illinois open on Sundays?

What time does Bank Of Illinois open?

What time does Bank Of Illinois close?

Are Bank Of Illinois ATMs Open 24/7?

Do Bank Of Illinois ATMs accept cash deposits?

Can Bank Of Illinois customers use other ATMs?

Do Bank Of Illinois branches have notaries?

Will Bank Of Illinois notarize my document?

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

Will the Bank Of Illinois branch print checks?

Do Bank Of Illinois checks expire?

Does Bank Of Illinois require US citizenship to open account?

Can Bank Of Illinois close my account?

Does Bank Of Illinois Report to credit bureaus?

Does Bank Of Illinois Use Equifax?

What is Bank Of Illinois's ACH Routing Number?

What is Bank Of Illinois's SWIFT code?

Products

Does Bank Of Illinois offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Of Illinois offer personal loans?

Compare personal loan rates here.

Does Bank Of Illinois offer student loans?

Will Bank Of Illinois cash a check?

Will Bank Of Illinois redeem a savings bond?

Does Bank Of Illinois cash savings bonds?

Will Bank Of Illinois cash money orders?

Can Bank Of Illinois issue a money order?

Does Bank Of Illinois do currency exchange?

Background on The Bank

Who owns Bank Of Illinois?

How long has Bank Of Illinois been around?

Can Bank Of Illinois transfer to other banks?

Does Bank Of Illinois have quick pay?

Does Bank Of Illinois accept rolled coins?

Will Bank Of Illinois accept loose change?

Where is Bank Of Illinois headquarters?

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