First Bank and Trust Company of Illinois

Headquarters

300 East Northwest Highway
Palatine, IL 60067
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.70% →
1-Year CD N.A. 0.71% →
2-Year CD N.A. 0.81% →
5-Year CD N.A. 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

First Bank and Trust Company of Illinois is an FDIC insured institution located in Palatine, IL. It was founded in 1962 and has approximately $0.19 billion in assets.

FDIC Insured Yes
FDIC Certificate # 18641
Date Established 1962
Assets $ 190.00 million
Loans $ 147.17 million
Deposits $ 173.46 million
Capital $ 15.84 million
 

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

Deposit Rates - January 26, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - January 26, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Bank and Trust Company of Illinois

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




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Note to First Bank and Trust Company of Illinois
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Branches

First Bank and Trust Company of Illinois 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


First Bank and Trust Company of Illinois Locations


Financial Details

First Bank and Trust Company of Illinois Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Bank and Trust Company of Illinois. 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
First Bank and Trust Company of Illinois U.S. Bank Average
1.22% 6.14%

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 September 30, 2020, First Bank and Trust Company of Illinois had $0 in non-current loans and $215,000 in owned real estate. To cover these potential losses it had $15,835,000 in equity and $1,792,000 in loans loss reserves. That gives it a Texas Ratio of 1.22%.

Return on Equity
First Bank and Trust Company of Illinois U.S. Bank Average
-14.21% 9.23%

First Bank and Trust Company of Illinois has a Return on Equity of -14.21% versus the BestCashCow average of 9.23%. 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
First Bank and Trust Company of Illinois U.S. Bank Average
8.33% 12.07%

First Bank and Trust Company of Illinois has a Capitalization of 8.33% versus the BestCashCow average of 12.07. 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.

First Bank and Trust Company of Illinois Balance Sheet Analysis

As of September 30, 2020, First Bank and Trust Company of Illinois had assets of $189,995,000, loans of $147,173,000, and deposits of $173,464,000. 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

September 30, 2020
ASSETS
Cash & Balances due from depository institutions $ 36.73 million
Interest-bearing balances $ 36.33 million
Total securities $ 2.11 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 147.17 million
Loan loss allowance $ 1.79 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.22 million
Goodwill and other intangibles N.A.
All other assets $ 1.59 million
     Total Assets $ 174.16 million
LIABILITIES
Total deposits $ 173.46 million
      Interest-bearing deposits $ 145.45 million
      Deposits held in domestic offices $ 173.46 million
      % insured (estimated) 91.72%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.70 million
      Total Liabilities $ 174.16 million
      Shareholders’ Equity $ 15.84 million

Summary Income Statement

September 30, 2020
INCOME AND EXPENSES
Total Interest Income $ 7.29 million
Total Interest Expense $ 1.61 million
Net interest income $ 5.68 million
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense $ 4.72 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in First Bank and Trust Company of Illinois’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Multifamily Mortgages.

Compared to other banks in Illinois, First Bank and Trust Company of Illinois has a significantly higher percent of Multifamily Mortgages, Construction and Development 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 2.91
Multifamily
Mortgages
25.33
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 8.24
Commercial Real Estate 33.59
Commercial and Industrial Loans 31.12
Farm Loans 0.00

Frequently Asked Questions About First Bank And Trust Company Of Illinois

Branches and Savings

Is First Bank And Trust Company Of Illinois FDIC insured?

Yes. It is covered under FDIC Certificate #18641.

Why does First Bank And Trust Company Of Illinois pay such low interest on savings accounts?

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

Why are First Bank And Trust Company Of Illinois CD rates not competitive?

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

Is First Bank And Trust Company Of Illinois a commercial bank?

Yes

Where are First Bank And Trust Company Of Illinois locations?

See branch locations nearby.

Is First Bank And Trust Company Of Illinois open on Saturdays?

Is First Bank And Trust Company Of Illinois open on Sundays?

What time does First Bank And Trust Company Of Illinois open?

What time does First Bank And Trust Company Of Illinois close?

Are First Bank And Trust Company Of Illinois ATMs Open 24/7?

Do First Bank And Trust Company Of Illinois ATMs accept cash deposits?

Can First Bank And Trust Company Of Illinois customers use other ATMs?

Do First Bank And Trust Company Of Illinois branches have notaries?

Will First Bank And Trust Company Of Illinois notarize my document?

What address for First Bank And Trust Company Of Illinois should I put for incoming ACH transfers?

Will the First Bank And Trust Company Of Illinois branch print checks?

Do First Bank And Trust Company Of Illinois checks expire?

Does First Bank And Trust Company Of Illinois require US citizenship to open account?

Can First Bank And Trust Company Of Illinois close my account?

Does First Bank And Trust Company Of Illinois Report to credit bureaus?

Does First Bank And Trust Company Of Illinois Use Equifax?

What is First Bank And Trust Company Of Illinois's ACH Routing Number?

What is First Bank And Trust Company Of Illinois's SWIFT code?

Products

Does First Bank And Trust Company Of Illinois offer mortgages?

Compare mortgage rates here.

Does First Bank And Trust Company Of Illinois offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Bank And Trust Company Of Illinois offer personal loans?

Compare personal loan rates here.

Does First Bank And Trust Company Of Illinois offer student loans?

Will First Bank And Trust Company Of Illinois cash a check?

Will First Bank And Trust Company Of Illinois redeem a savings bond?

Does First Bank And Trust Company Of Illinois cash savings bonds?

Will First Bank And Trust Company Of Illinois cash money orders?

Can First Bank And Trust Company Of Illinois issue a money order?

Does First Bank And Trust Company Of Illinois do currency exchange?

Background on The Bank

Who owns First Bank And Trust Company Of Illinois?

How long has First Bank And Trust Company Of Illinois been around?

Can First Bank And Trust Company Of Illinois transfer to other banks?

Does First Bank And Trust Company Of Illinois have quick pay?

Does First Bank And Trust Company Of Illinois accept rolled coins?

Will First Bank And Trust Company Of Illinois accept loose change?

Where is First Bank And Trust Company Of Illinois headquarters?

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