First Clover Leaf Bank, National Association

Headquarters

6814 Goshen Road
Edwardsville, IL 62025
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 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

First Clover Leaf Bank, National Association is an FDIC insured institution located in Edwardsville, IL. It was founded in 1921 and has approximately $0.68 billion in assets.

FDIC Insured Yes
FDIC Certificate # 30330
Date Established 1921
Assets $ 677.73 million
Loans $ 439.05 million
Deposits $ 550.42 million
Capital $ 95.63 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Clover Leaf Bank, National Association

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
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2.990 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to First Clover Leaf Bank, National Association
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Branches

First Clover Leaf Bank, National Association 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 Clover Leaf Bank, National Association Locations


Financial Details

First Clover Leaf Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Clover Leaf Bank, National Association. 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 Clover Leaf Bank, National Association U.S. Bank Average
7.29% 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, First Clover Leaf Bank, National Association had $5,086,000 in non-current loans and $1,884,000 in owned real estate. To cover these potential losses it had $95,634,000 in equity and $27,000 in loans loss reserves. That gives it a Texas Ratio of 7.29%.

Return on Equity
First Clover Leaf Bank, National Association U.S. Bank Average
2.82% 7.80%

First Clover Leaf Bank, National Association has a Return on Equity of 2.82% 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
First Clover Leaf Bank, National Association U.S. Bank Average
14.11% 12.68%

First Clover Leaf Bank, National Association has a Capitalization of 14.11% 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.

First Clover Leaf Bank, National Association Balance Sheet Analysis

As of December 31, 2016, First Clover Leaf Bank, National Association had assets of $677,730,000, loans of $439,053,000, and deposits of $550,419,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 439.05 million
Loan loss allowance $ 0.03 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.88 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 550.42 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 677.73 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Illinois, First Clover Leaf Bank, National Association 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 27.40
Multifamily
Mortgages
8.02
Credit Card Loans 0.00
Consumer Auto Loans 0.76
Small Business Loans 9.92
Construction and Development Loans 4.46
Commercial Real Estate 35.51
Commercial and Industrial Loans 15.52
Farm Loans 0.07

Frequently Asked Questions About First Clover Leaf Bank, National Association

Branches and Savings

Is First Clover Leaf Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #30330.

Why does First Clover Leaf Bank, National Association pay such low interest on savings accounts?

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

Why are First Clover Leaf Bank, National Association CD rates not competitive?

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

Is First Clover Leaf Bank, National Association a commercial bank?

Yes

Where are First Clover Leaf Bank, National Association locations?

See branch locations nearby.

Is First Clover Leaf Bank, National Association open on Saturdays?

Is First Clover Leaf Bank, National Association open on Sundays?

What time does First Clover Leaf Bank, National Association open?

What time does First Clover Leaf Bank, National Association close?

Are First Clover Leaf Bank, National Association ATMs Open 24/7?

Do First Clover Leaf Bank, National Association ATMs accept cash deposits?

Can First Clover Leaf Bank, National Association customers use other ATMs?

Do First Clover Leaf Bank, National Association branches have notaries?

Will First Clover Leaf Bank, National Association notarize my document?

What address for First Clover Leaf Bank, National Association should I put for incoming ACH transfers?

Will the First Clover Leaf Bank, National Association branch print checks?

Do First Clover Leaf Bank, National Association checks expire?

Does First Clover Leaf Bank, National Association require US citizenship to open account?

Can First Clover Leaf Bank, National Association close my account?

Does First Clover Leaf Bank, National Association Report to credit bureaus?

Does First Clover Leaf Bank, National Association Use Equifax?

What is First Clover Leaf Bank, National Association's ACH Routing Number?

What is First Clover Leaf Bank, National Association's SWIFT code?

Products

Does First Clover Leaf Bank, National Association offer mortgages?

Compare mortgage rates here.

Does First Clover Leaf Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Clover Leaf Bank, National Association offer personal loans?

Compare personal loan rates here.

Does First Clover Leaf Bank, National Association offer student loans?

Will First Clover Leaf Bank, National Association cash a check?

Will First Clover Leaf Bank, National Association redeem a savings bond?

Does First Clover Leaf Bank, National Association cash savings bonds?

Will First Clover Leaf Bank, National Association cash money orders?

Can First Clover Leaf Bank, National Association issue a money order?

Does First Clover Leaf Bank, National Association do currency exchange?

Background on The Bank

Who owns First Clover Leaf Bank, National Association?

How long has First Clover Leaf Bank, National Association been around?

Can First Clover Leaf Bank, National Association transfer to other banks?

Does First Clover Leaf Bank, National Association have quick pay?

Does First Clover Leaf Bank, National Association accept rolled coins?

Will First Clover Leaf Bank, National Association accept loose change?

Where is First Clover Leaf Bank, National Association headquarters?

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