Chester National Bank

Headquarters

1112 State Street
Chester, IL 62233
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.91% →
1-Year CD 0.25% 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Chester National Bank is an FDIC insured institution located in Chester, IL. It was founded in 1919 and has approximately $0.06 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 30220
Date Established 1919
Assets $ 60.52 million
Loans $ 43.53 million
Deposits $ 52.48 million
Capital $ 7.91 million
 

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

Deposit Rates - November 30, 2020

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.40% $100,000 $199,999 Learn More
30 Mo CD
0.70% $10,000 $14,999 Learn More
30 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More

 

Loan Rates - November 30, 2020

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Chester National Bank

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
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.557% 2.500% 0.75 $1,880 $988 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Chester National Bank
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Branches

Chester National 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:
Seattle,Washington


Chester National Bank Locations


Financial Details

Chester National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Chester National 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
Chester National Bank U.S. Bank Average
0% 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, Chester National Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $7,908,000 in equity and $421,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Chester National Bank U.S. Bank Average
2.25% 7.80%

Chester National Bank has a Return on Equity of 2.25% 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
Chester National Bank U.S. Bank Average
13.07% 12.68%

Chester National Bank has a Capitalization of 13.07% 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.

Chester National Bank Balance Sheet Analysis

As of March 31, 2020, Chester National Bank had assets of $60,522,000, loans of $43,530,000, and deposits of $52,481,000. 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 $ 2.69 million
Interest-bearing balances $ 1.66 million
Total securities $ 7.24 million
Federal funds sold and reverse repurchase $ 1.13 million
Net loans and leases $ 43.53 million
Loan loss allowance $ 0.42 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 5.26 million
     Total Assets $ 52.61 million
LIABILITIES
Total deposits $ 52.48 million
      Interest-bearing deposits $ 46.96 million
      Deposits held in domestic offices $ 52.48 million
      % insured (estimated) 90.12%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.13 million
      Total Liabilities $ 52.61 million
      Shareholders’ Equity $ 7.91 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.53 million
Total Interest Expense $ 0.08 million
Net interest income $ 0.45 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.06 million
Total non interest expense $ 0.46 million
Pre-tax Net Operating Income $ 0.05 million

Bank Loan Profile?

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

Compared to other banks in Illinois, Chester National Bank has a significantly higher percent of 1-4 Family Residential 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 82.44
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.64
Small Business Loans 0.00
Construction and Development Loans 0.79
Commercial Real Estate 10.99
Commercial and Industrial Loans 3.13
Farm Loans 0.00

Frequently Asked Questions About Chester National Bank

Branches and Savings

Is Chester National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #30220.

Why does Chester National Bank pay such low interest on savings accounts?

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

Why are Chester National Bank CD rates not competitive?

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

Is Chester National Bank a commercial bank?

Yes

Where are Chester National Bank locations?

See branch locations nearby.

Is Chester National Bank open on Saturdays?

Is Chester National Bank open on Sundays?

What time does Chester National Bank open?

What time does Chester National Bank close?

Are Chester National Bank ATMs Open 24/7?

Do Chester National Bank ATMs accept cash deposits?

Can Chester National Bank customers use other ATMs?

Do Chester National Bank branches have notaries?

Will Chester National Bank notarize my document?

What address for Chester National Bank should I put for incoming ACH transfers?

Will the Chester National Bank branch print checks?

Do Chester National Bank checks expire?

Does Chester National Bank require US citizenship to open account?

Can Chester National Bank close my account?

Does Chester National Bank Report to credit bureaus?

Does Chester National Bank Use Equifax?

What is Chester National Bank's ACH Routing Number?

What is Chester National Bank's SWIFT code?

Products

Does Chester National Bank offer mortgages?

Compare mortgage rates here.

Does Chester National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Chester National Bank offer personal loans?

Compare personal loan rates here.

Does Chester National Bank offer student loans?

Will Chester National Bank cash a check?

Will Chester National Bank redeem a savings bond?

Does Chester National Bank cash savings bonds?

Will Chester National Bank cash money orders?

Can Chester National Bank issue a money order?

Does Chester National Bank do currency exchange?

Background on The Bank

Who owns Chester National Bank?

How long has Chester National Bank been around?

Can Chester National Bank transfer to other banks?

Does Chester National Bank have quick pay?

Does Chester National Bank accept rolled coins?

Will Chester National Bank accept loose change?

Where is Chester National Bank headquarters?

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