CIBM Bank

Headquarters

2913 West Kirby Avenue
Champaign, IL 61821
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.04% 1.05% →
1-Year CD 0.40% 0.95% →
2-Year CD 0.25% 1.05% →
5-Year CD 0.40% 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

CIBM Bank is an FDIC insured institution located in Champaign, IL. It was founded in 1921 and has approximately $0.7 billion in assets. Customers can open an account at one of its 11 branches.

FDIC Insured Yes
FDIC Certificate # 11729
Date Established 1921
Assets $ 697.47 million
Loans $ 530.66 million
Deposits $ 534.10 million
Capital $ 85.99 million
 

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

Deposit Rates - September 27, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.04% $2,500 $4,999 Learn More
Money Market
0.08% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.20% $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
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
Special: 11 Mo CD
0.35% $10,000 - Learn More
Special: 12 Mo CD
0.40% $10,000 - Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.25% $100,000 $199,999 Learn More
Special: 36 Mo CD
0.50% $10,000 - Learn More
36 Mo CD
0.30% $10,000 $14,999 Learn More
36 Mo CD
0.30% $100,000 $199,999 Learn More
48 Mo CD
0.35% $10,000 $14,999 Learn More
48 Mo CD
0.35% $100,000 $199,999 Learn More
60 Mo CD
0.40% $10,000 $14,999 Learn More
60 Mo CD
0.40% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 11 Mo FIRA
0.35% $10,000 - Learn MoreShow Less
Special: 12 Mo FIRA
0.40% $10,000 - Learn MoreShow Less
Special: 36 Mo FIRA
0.50% $10,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.20% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 27, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for CIBM 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

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

Branches

CIBM 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


CIBM Bank Locations


Financial Details

CIBM Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of CIBM 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
CIBM Bank U.S. Bank Average
7.1% 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, CIBM Bank had $4,972,000 in non-current loans and $1,704,000 in owned real estate. To cover these potential losses it had $85,990,000 in equity and $8,089,000 in loans loss reserves. That gives it a Texas Ratio of 7.1%.

Return on Equity
CIBM Bank U.S. Bank Average
4.43% 7.80%

CIBM Bank has a Return on Equity of 4.43% 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
CIBM Bank U.S. Bank Average
12.33% 12.68%

CIBM Bank has a Capitalization of 12.33% 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.

CIBM Bank Balance Sheet Analysis

As of March 31, 2020, CIBM Bank had assets of $697,474,000, loans of $530,657,000, and deposits of $534,102,000. 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 $ 9.01 million
Interest-bearing balances $ 1.99 million
Total securities $ 120.11 million
Federal funds sold and reverse repurchase $ 3.62 million
Net loans and leases $ 530.66 million
Loan loss allowance $ 8.09 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.70 million
Goodwill and other intangibles $ 0.15 million
All other assets $ 27.70 million
     Total Assets $ 611.48 million
LIABILITIES
Total deposits $ 534.10 million
      Interest-bearing deposits $ 464.54 million
      Deposits held in domestic offices $ 534.10 million
      % insured (estimated) 75.53%
Federal funds purchased and repurchase agreements $ 17.95 million
Trading liabilities N.A.
Other borrowed funds $ 51.00 million
Subordinated debt N.A.
All other liabilities $ 8.43 million
      Total Liabilities $ 611.48 million
      Shareholders’ Equity $ 85.99 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 6.66 million
Total Interest Expense $ 1.69 million
Net interest income $ 4.97 million
Provision for loan and lease losses $ 0.20 million
Total non interest income $ 2.57 million
Total non interest expense $ 6.12 million
Pre-tax Net Operating Income $ 1.22 million

Bank Loan Profile?

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

Compared to other banks in Illinois, CIBM Bank has a significantly higher percent of Small Business Loans, 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 39.40
Multifamily
Mortgages
6.66
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 7.74
Construction and Development Loans 3.97
Commercial Real Estate 42.01
Commercial and Industrial Loans 8.52
Farm Loans 0.00

Frequently Asked Questions About Cibm Bank

Branches and Savings

Is Cibm Bank FDIC insured?

Yes. It is covered under FDIC Certificate #11729.

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

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

Why are Cibm Bank CD rates not competitive?

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

Is Cibm Bank a commercial bank?

Yes

Where are Cibm Bank locations?

See branch locations nearby.

Is Cibm Bank open on Saturdays?

Is Cibm Bank open on Sundays?

What time does Cibm Bank open?

What time does Cibm Bank close?

Are Cibm Bank ATMs Open 24/7?

Do Cibm Bank ATMs accept cash deposits?

Can Cibm Bank customers use other ATMs?

Do Cibm Bank branches have notaries?

Will Cibm Bank notarize my document?

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

Will the Cibm Bank branch print checks?

Do Cibm Bank checks expire?

Does Cibm Bank require US citizenship to open account?

Can Cibm Bank close my account?

Does Cibm Bank Report to credit bureaus?

Does Cibm Bank Use Equifax?

What is Cibm Bank's ACH Routing Number?

What is Cibm Bank's SWIFT code?

Products

Does Cibm Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Cibm Bank offer personal loans?

Compare personal loan rates here.

Does Cibm Bank offer student loans?

Will Cibm Bank cash a check?

Will Cibm Bank redeem a savings bond?

Does Cibm Bank cash savings bonds?

Will Cibm Bank cash money orders?

Can Cibm Bank issue a money order?

Does Cibm Bank do currency exchange?

Background on The Bank

Who owns Cibm Bank?

How long has Cibm Bank been around?

Can Cibm Bank transfer to other banks?

Does Cibm Bank have quick pay?

Does Cibm Bank accept rolled coins?

Will Cibm Bank accept loose change?

Where is Cibm Bank headquarters?

Customer Reviews for CIBM Bank


  • December 26, 2017 |

    CDs 12 Month Rates

    Good people to deal with. Competitive rates better than CEFCU. Easy in/out processing of CD's & MM.

Add Your Review

Rate it here →