Byron Bank

200 North Walnut
Byron, IL 61010

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 902
Date Established 1932
Assets $0.25 billion
Loans $0.12 billion
Deposits $0.22 billion
Capital $0.03 billion

Byron Bank is an FDIC insured institution located in Byron, IL. It was founded in 1932 and has approximately $0.25 billion in assets. Customers can open an account at one of its 5 branches.

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

Bank Loan Profile?

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

Compared to other banks in Illinois, Byron Bank has a significantly higher percent of Small Business 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 35.09
Multifamily
Mortgages
4.28
Credit Card Loans 0.37
Consumer Auto Loans 2.05
Small Business Loans 20.59
Construction and Development Loans 2.35
Commercial Real Estate 34.26
Commercial and Industrial Loans 12.25
Farm Loans 1.33

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.20% $1,000 $49,999 Learn MoreShow Less
3 Mo CD 100K
0.30% $100,000 - Learn MoreShow Less
6 Mo CD 10K
0.25% $1,000 $49,999 Learn MoreShow Less
6 Mo CD 100K
0.35% $100,000 - Learn MoreShow Less
Special: 10 Mo CD
1.10% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.45% $1,000 $49,999 Learn MoreShow Less
Special: 10 Mo FIRA
1.10% $1,000 - Learn MoreShow Less
Special: 47 Mo FIRA
2.02% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.10% $1,000 $49,999 Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.10% $2,500 $24,999 Learn MoreShow Less
MM 25K
0.20% $25,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $1,000 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Byron Bank

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
vLoan
NMLS ID: 2229
License#: MC-5591
4.064% 4.000% 0.25 $1,938 $1,194 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Byron Bank
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Branches

Byron 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:
Ashburn,Virginia


Byron Bank Locations

Financial Details

Byron Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Byron 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
Byron Bank U.S. Bank Average
7.44% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Byron Bank had $1,030,000 in non-current loans and $968,000 in owned real estate. To cover these potential losses it had $25,787,000 in equity and $1,070,000 in loans loss reserves. That gives it a Texas Ratio of 7.44%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Byron Bank U.S. Bank Average
11.14% 8.58

Byron Bank has a Return on Equity of 11.14% versus the BestCashCow average of 8.58. 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
Byron Bank U.S. Bank Average
10.47% 12.11

Byron Bank has a Capitalization of 10.47% versus the BestCashCow average of 12.11. 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.

Byron Bank Balance Sheet Analysis

As of June 30, 2017, Byron Bank had assets of $246,207,000, loans of $124,187,000, and deposits of $218,523,000. 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.

Frequently Asked Questions About Byron Bank

Branches and Savings

Is Byron Bank FDIC insured?

Yes. It is covered under FDIC Certificate #902.

Why does Byron Bank pay such low interest on savings accounts?

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

Why are Byron Bank CD rates not competitive?

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

Is Byron Bank a commercial bank?

Yes

Where are Byron Bank locations?

See branch locations nearby.

Is Byron Bank open on Saturdays?

Is Byron Bank open on Sundays?

What time does Byron Bank open?

What time does Byron Bank close?

Are Byron Bank ATMs Open 24/7?

Do Byron Bank ATMs accept cash deposits?

Can Byron Bank customers use other ATMs?

Do Byron Bank branches have notaries?

Will Byron Bank notarize my document?

What address for Byron Bank should I put for incoming ACH transfers?

Will the Byron Bank branch print checks?

Do Byron Bank checks expire?

Does Byron Bank require US citizenship to open account?

Can Byron Bank close my account?

Does Byron Bank Report to credit bureaus?

Does Byron Bank Use Equifax?

What is Byron Bank's ACH Routing Number?

What is Byron Bank's SWIFT code?

Products

Does Byron Bank offer mortgages?

Compare mortgage rates here.

Does Byron Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Byron Bank offer personal loans?

Compare personal loan rates here.

Does Byron Bank offer student loans?

Will Byron Bank cash a check?

Will Byron Bank redeem a savings bond?

Does Byron Bank cash savings bonds?

Will Byron Bank cash money orders?

Can Byron Bank issue a money order?

Does Byron Bank do currency exchange?

Background on The Bank

Who owns Byron Bank?

How long has Byron Bank been around?

Can Byron Bank transfer to other banks?

Does Byron Bank have quick pay?

Does Byron Bank accept rolled coins?

Will Byron Bank accept loose change?

Where is Byron Bank headquarters?

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