Bank of Rantoul


201 East Champaign
Rantoul, IL 61866
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.50% 0.75% →
2-Year CD 0.60% 0.80% →
5-Year CD 1.20% 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Bank of Rantoul is an FDIC insured institution located in Rantoul, IL. It was founded in 1920 and has approximately $0.27 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 11711
Date Established 1920
Assets $ 265.55 million
Loans $ 94.61 million
Deposits $ 215.77 million
Capital $ 29.83 million

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

Deposit Rates - October 25, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.10% $1 - Learn More
Money Market
0.10% $1 $9,999 Learn More
Money Market
0.35% $10,000 - Learn More
6 Mo CD
0.35% $500 - Learn More
12 Mo CD
0.50% $500 - Learn More
18 Mo CD
0.55% $500 - Learn More
24 Mo CD
0.60% $500 - Learn More
30 Mo CD
0.65% $500 - Learn More
36 Mo CD
0.75% $500 - Learn More
48 Mo CD
0.85% $500 - Learn More
60 Mo CD
1.20% $500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 - Learn MoreShow Less

Loan Rates - October 25, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of Rantoul

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 2021

Lender APR Rate (%) Monthly
Learn More
Morty, Inc.
NMLS ID: 1429243
2.806% 2.750%
0.75 points
$1,820 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Bank of Rantoul
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Financial Details

Bank of Rantoul Ratio Analysis

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

Texas Ratio
Bank of Rantoul U.S. Bank Average
3% 4.78%

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 June 30, 2021, Bank of Rantoul had $968,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $29,829,000 in equity and $2,422,000 in loans loss reserves. That gives it a Texas Ratio of 3%.

Return on Equity
Bank of Rantoul U.S. Bank Average
14.28% 11.29%

Bank of Rantoul has a Return on Equity of 14.28% versus the BestCashCow average of 11.29%. 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.

Bank of Rantoul U.S. Bank Average
11.23% 11.72%

Bank of Rantoul has a Capitalization of 11.23% versus the BestCashCow average of 11.72. 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 Rantoul Balance Sheet Analysis

As of June 30, 2021, Bank of Rantoul had assets of $265,545,000, loans of $94,614,000, and deposits of $215,769,000. 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, 2021
Cash & Balances due from depository institutions $ 17.37 million
Interest-bearing balances $ 5.39 million
Total securities $ 143.90 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 94.61 million
Loan loss allowance $ 2.42 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.44 million
All other assets $ 8.39 million
     Total Assets $ 235.72 million
Total deposits $ 215.77 million
      Interest-bearing deposits $ 175.49 million
      Deposits held in domestic offices $ 215.77 million
      % insured (estimated) 70.77%
Federal funds purchased and repurchase agreements $ 17.10 million
Trading liabilities N.A.
Other borrowed funds $ 2.60 million
Subordinated debt N.A.
All other liabilities $ 0.25 million
      Total Liabilities $ 235.72 million
      Shareholders’ Equity $ 29.83 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 4.06 million
Total Interest Expense $ 0.29 million
Net interest income $ 3.77 million
Provision for loan and lease losses $ 0.12 million
Total non interest income $ 0.33 million
Total non interest expense $ 1.87 million
Pre-tax Net Operating Income $ 2.12 million

Bank Loan Profile?

The top three loan types in Bank of Rantoul’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Farm Loans.

Compared to other banks in Illinois, Bank of Rantoul has a significantly higher percent of Credit Card 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 3.70
Credit Card Loans 0.49
Consumer Auto Loans 0.23
Small Business Loans 8.87
Construction and Development Loans 3.26
Commercial Real Estate 26.06
Commercial and Industrial Loans 38.21
Farm Loans 13.74

Frequently Asked Questions About Bank Of Rantoul

Branches and Savings

Is Bank Of Rantoul FDIC insured?

Yes. It is covered under FDIC Certificate #11711.

Why does Bank Of Rantoul 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 Rantoul CD rates not competitive?

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

Is Bank Of Rantoul a commercial bank?


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Does Bank Of Rantoul offer mortgages?

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

Compare home equity lines of credit rates here.

Does Bank Of Rantoul offer personal loans?

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Background on The Bank

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