Blackhawk Bank & Trust

Headquarters

301 4th Street West
Milan, IL 61264
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.55% 0.95% →
2-Year CD 0.80% 1.05% →
5-Year CD 1.00% 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

Blackhawk Bank & Trust is an FDIC insured institution located in Milan, IL. It was founded in 1961 and has approximately $1.41 billion in assets. Customers can open an account at one of its 19 branches.

FDIC Insured Yes
FDIC Certificate # 18402
Date Established 1961
Assets $ 1,407.60 million
Loans $ 687.70 million
Deposits $ 972.14 million
Capital $ 174.37 million
 

For a more detailed analysis of Blackhawk Bank & Trust'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: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
Premium Money Market Account
0.10% $10,000 $14,999 Learn More
Premium Money Market Account
0.10% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $10,000 $14,999 Learn More
3 Mo CD
0.05% $100,000 $199,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.55% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
18 Mo CD
0.45% $10,000 $14,999 Learn More
18 Mo CD
0.45% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
30 Mo CD
0.60% $10,000 $14,999 Learn More
30 Mo CD
0.60% $100,000 $199,999 Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More
48 Mo CD
0.70% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.07% $1 $99 Learn MoreShow Less
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 18, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Blackhawk Bank & Trust

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




Featured - Washington 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#: 520-CL-25944
2.815% 2.750% 0.88 $2,120 $1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Blackhawk Bank & Trust
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Blackhawk Bank & Trust 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:
Seattle,Washington


Blackhawk Bank & Trust Locations


Financial Details

Blackhawk Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Blackhawk Bank & Trust. 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
Blackhawk Bank & Trust U.S. Bank Average
2.78% 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, Blackhawk Bank & Trust had $4,966,000 in non-current loans and $118,000 in owned real estate. To cover these potential losses it had $174,366,000 in equity and $8,789,000 in loans loss reserves. That gives it a Texas Ratio of 2.78%.

Return on Equity
Blackhawk Bank & Trust U.S. Bank Average
10.89% 7.80%

Blackhawk Bank & Trust has a Return on Equity of 10.89% 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
Blackhawk Bank & Trust U.S. Bank Average
12.39% 12.68%

Blackhawk Bank & Trust has a Capitalization of 12.39% 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.

Blackhawk Bank & Trust Balance Sheet Analysis

As of March 31, 2020, Blackhawk Bank & Trust had assets of $1,407,598,000, loans of $687,696,000, and deposits of $972,137,000. 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 $ 61.06 million
Interest-bearing balances $ 27.53 million
Total securities $ 629.00 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 687.70 million
Loan loss allowance $ 8.79 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.12 million
Goodwill and other intangibles $ 1.30 million
All other assets $ 11.89 million
     Total Assets $ 1,233.23 million
LIABILITIES
Total deposits $ 972.14 million
      Interest-bearing deposits $ 809.61 million
      Deposits held in domestic offices $ 972.14 million
      % insured (estimated) 97.75%
Federal funds purchased and repurchase agreements $ 140.57 million
Trading liabilities N.A.
Other borrowed funds $ 112.76 million
Subordinated debt N.A.
All other liabilities $ 7.76 million
      Total Liabilities $ 1,233.23 million
      Shareholders’ Equity $ 174.37 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 12.52 million
Total Interest Expense $ 3.30 million
Net interest income $ 9.22 million
Provision for loan and lease losses $ 0.30 million
Total non interest income $ 1.07 million
Total non interest expense $ 5.23 million
Pre-tax Net Operating Income $ 4.75 million

Bank Loan Profile?

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

Compared to other banks in Illinois, Blackhawk Bank & Trust has a significantly higher percent of Commercial Real Estate 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 17.23
Multifamily
Mortgages
9.29
Credit Card Loans 0.19
Consumer Auto Loans 0.73
Small Business Loans 0.00
Construction and Development Loans 6.30
Commercial Real Estate 37.03
Commercial and Industrial Loans 22.33
Farm Loans 2.71

Frequently Asked Questions About Blackhawk Bank & Trust

Branches and Savings

Is Blackhawk Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #18402.

Why does Blackhawk Bank & Trust pay such low interest on savings accounts?

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

Why are Blackhawk Bank & Trust CD rates not competitive?

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

Is Blackhawk Bank & Trust a commercial bank?

Yes

Where are Blackhawk Bank & Trust locations?

See branch locations nearby.

Is Blackhawk Bank & Trust open on Saturdays?

Is Blackhawk Bank & Trust open on Sundays?

What time does Blackhawk Bank & Trust open?

What time does Blackhawk Bank & Trust close?

Are Blackhawk Bank & Trust ATMs Open 24/7?

Do Blackhawk Bank & Trust ATMs accept cash deposits?

Can Blackhawk Bank & Trust customers use other ATMs?

Do Blackhawk Bank & Trust branches have notaries?

Will Blackhawk Bank & Trust notarize my document?

What address for Blackhawk Bank & Trust should I put for incoming ACH transfers?

Will the Blackhawk Bank & Trust branch print checks?

Do Blackhawk Bank & Trust checks expire?

Does Blackhawk Bank & Trust require US citizenship to open account?

Can Blackhawk Bank & Trust close my account?

Does Blackhawk Bank & Trust Report to credit bureaus?

Does Blackhawk Bank & Trust Use Equifax?

What is Blackhawk Bank & Trust's ACH Routing Number?

What is Blackhawk Bank & Trust's SWIFT code?

Products

Does Blackhawk Bank & Trust offer mortgages?

Compare mortgage rates here.

Does Blackhawk Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Blackhawk Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Blackhawk Bank & Trust offer student loans?

Will Blackhawk Bank & Trust cash a check?

Will Blackhawk Bank & Trust redeem a savings bond?

Does Blackhawk Bank & Trust cash savings bonds?

Will Blackhawk Bank & Trust cash money orders?

Can Blackhawk Bank & Trust issue a money order?

Does Blackhawk Bank & Trust do currency exchange?

Background on The Bank

Who owns Blackhawk Bank & Trust?

How long has Blackhawk Bank & Trust been around?

Can Blackhawk Bank & Trust transfer to other banks?

Does Blackhawk Bank & Trust have quick pay?

Does Blackhawk Bank & Trust accept rolled coins?

Will Blackhawk Bank & Trust accept loose change?

Where is Blackhawk Bank & Trust headquarters?

Customer Reviews for Blackhawk Bank & Trust

There are currently no comments for Blackhawk Bank & Trust. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →