Farmers National Bank of Griggsville

Headquarters

108 West Quincy Street
Griggsville, IL 62340
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.66% →
1-Year CD 0.45% 0.67% →
2-Year CD 0.70% 0.75% →
5-Year CD 1.00% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Farmers National Bank of Griggsville is an FDIC insured institution located in Griggsville, IL. It was founded in 1943 and has approximately $0.11 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 15928
Date Established 1943
Assets $ 113.46 million
Loans $ 80.23 million
Deposits $ 96.30 million
Capital $ 11.59 million
 

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

Deposit Rates - April 14, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.45% $10,000 $14,999 Learn More
12 Mo CD
0.45% $100,000 $199,999 Learn More
18 Mo CD
0.65% $10,000 $14,999 Learn More
18 Mo CD
0.65% $100,000 $199,999 Learn More
24 Mo CD
0.70% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
30 Mo CD
0.75% $10,000 $14,999 Learn More
30 Mo CD
0.75% $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
0.85% $10,000 $14,999 Learn More
48 Mo CD
0.85% $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
0.15% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - April 14, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Farmers National Bank of Griggsville

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 (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.698% 2.625% 1.00 $2,370 $1,005 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
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 Farmers National Bank of Griggsville
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Farmers National Bank of Griggsville 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:
Fairfield,Connecticut


Farmers National Bank of Griggsville Locations


Financial Details

Farmers National Bank of Griggsville Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers National Bank of Griggsville. 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
Farmers National Bank of Griggsville U.S. Bank Average
10.81% 5.49%

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 December 31, 2020, Farmers National Bank of Griggsville had $1,146,000 in non-current loans and $229,000 in owned real estate. To cover these potential losses it had $11,593,000 in equity and $1,125,000 in loans loss reserves. That gives it a Texas Ratio of 10.81%.

Return on Equity
Farmers National Bank of Griggsville U.S. Bank Average
15.41% 9.24%

Farmers National Bank of Griggsville has a Return on Equity of 15.41% versus the BestCashCow average of 9.24%. 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
Farmers National Bank of Griggsville U.S. Bank Average
10.22% 11.96%

Farmers National Bank of Griggsville has a Capitalization of 10.22% versus the BestCashCow average of 11.96. 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.

Farmers National Bank of Griggsville Balance Sheet Analysis

As of December 31, 2020, Farmers National Bank of Griggsville had assets of $113,458,000, loans of $80,225,000, and deposits of $96,303,000. 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

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 18.32 million
Interest-bearing balances $ 17.94 million
Total securities $ 8.09 million
Federal funds sold and reverse repurchase $ 2.90 million
Net loans and leases $ 80.23 million
Loan loss allowance $ 1.13 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.23 million
Goodwill and other intangibles N.A.
All other assets $ 2.53 million
     Total Assets $ 101.87 million
LIABILITIES
Total deposits $ 96.30 million
      Interest-bearing deposits $ 78.15 million
      Deposits held in domestic offices $ 96.30 million
      % insured (estimated) 88.16%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 5.00 million
Subordinated debt N.A.
All other liabilities $ 0.56 million
      Total Liabilities $ 101.87 million
      Shareholders’ Equity $ 11.59 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.66 million
Total Interest Expense $ 0.81 million
Net interest income $ 3.85 million
Provision for loan and lease losses $ 0.22 million
Total non interest income $ 0.92 million
Total non interest expense $ 2.83 million
Pre-tax Net Operating Income $ 1.72 million

Bank Loan Profile?

The top three loan types in Farmers National Bank of Griggsville’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Small Business Loans.

Compared to other banks, Farmers National Bank of Griggsville’s loan portfolio does not show any specific loan specialty.

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 17.92
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 6.36
Small Business Loans 6.41
Construction and Development Loans 4.07
Commercial Real Estate 6.41
Commercial and Industrial Loans 5.62
Farm Loans 9.43

Frequently Asked Questions About Farmers National Bank Of Griggsville

Branches and Savings

Is Farmers National Bank Of Griggsville FDIC insured?

Yes. It is covered under FDIC Certificate #15928.

Why does Farmers National Bank Of Griggsville pay such low interest on savings accounts?

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

Why are Farmers National Bank Of Griggsville CD rates not competitive?

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

Is Farmers National Bank Of Griggsville a commercial bank?

Yes

Where are Farmers National Bank Of Griggsville locations?

See branch locations nearby.

Is Farmers National Bank Of Griggsville open on Saturdays?

Is Farmers National Bank Of Griggsville open on Sundays?

What time does Farmers National Bank Of Griggsville open?

What time does Farmers National Bank Of Griggsville close?

Are Farmers National Bank Of Griggsville ATMs Open 24/7?

Do Farmers National Bank Of Griggsville ATMs accept cash deposits?

Can Farmers National Bank Of Griggsville customers use other ATMs?

Do Farmers National Bank Of Griggsville branches have notaries?

Will Farmers National Bank Of Griggsville notarize my document?

What address for Farmers National Bank Of Griggsville should I put for incoming ACH transfers?

Will the Farmers National Bank Of Griggsville branch print checks?

Do Farmers National Bank Of Griggsville checks expire?

Does Farmers National Bank Of Griggsville require US citizenship to open account?

Can Farmers National Bank Of Griggsville close my account?

Does Farmers National Bank Of Griggsville Report to credit bureaus?

Does Farmers National Bank Of Griggsville Use Equifax?

What is Farmers National Bank Of Griggsville's ACH Routing Number?

What is Farmers National Bank Of Griggsville's SWIFT code?

Products

Does Farmers National Bank Of Griggsville offer mortgages?

Compare mortgage rates here.

Does Farmers National Bank Of Griggsville offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Farmers National Bank Of Griggsville offer personal loans?

Compare personal loan rates here.

Does Farmers National Bank Of Griggsville offer student loans?

Will Farmers National Bank Of Griggsville cash a check?

Will Farmers National Bank Of Griggsville redeem a savings bond?

Does Farmers National Bank Of Griggsville cash savings bonds?

Will Farmers National Bank Of Griggsville cash money orders?

Can Farmers National Bank Of Griggsville issue a money order?

Does Farmers National Bank Of Griggsville do currency exchange?

Background on The Bank

Who owns Farmers National Bank Of Griggsville?

How long has Farmers National Bank Of Griggsville been around?

Can Farmers National Bank Of Griggsville transfer to other banks?

Does Farmers National Bank Of Griggsville have quick pay?

Does Farmers National Bank Of Griggsville accept rolled coins?

Will Farmers National Bank Of Griggsville accept loose change?

Where is Farmers National Bank Of Griggsville headquarters?

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