First National Bank in Olney

101 East Main Street
Olney, IL 62450

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 14567
Date Established 1934
Assets $0.34 billion
Loans $0.22 billion
Deposits $0.29 billion
Capital $0.04 billion

First National Bank in Olney is an FDIC insured institution located in Olney, IL. It was founded in 1934 and has approximately $0.34 billion in assets. Customers can open an account at one of its 6 branches.

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

Deposit Rates - August 19, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $1,000 $19,999 Learn MoreShow Less
Money Market
0.30% $20,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
1.51% $500 - Learn MoreShow Less
6 Mo CD
1.66% $500 - Learn MoreShow Less
12 Mo CD
1.76% $500 - Learn MoreShow Less
18 Mo CD
1.76% $500 - Learn MoreShow Less
24 Mo CD
1.81% $500 - Learn MoreShow Less
30 Mo CD
1.81% $500 - Learn MoreShow Less
36 Mo CD
1.87% $500 - Learn MoreShow Less
48 Mo CD
1.92% $500 - Learn MoreShow Less
60 Mo CD
2.02% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.81% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.76% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.06% $500 $2,499 Learn MoreShow Less
Int Ckg
0.10% $2,500 - Learn MoreShow Less

Loan Rates - August 19, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First National Bank in Olney

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
3.643% 3.625% 0.25 $552 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.530% 3.500% 0.38 $940 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to First National Bank in Olney
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Branches

First National Bank in Olney 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 National Bank in Olney Locations


Financial Details

First National Bank in Olney Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First National Bank in Olney. 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 National Bank in Olney U.S. Bank Average
3.8% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, First National Bank in Olney had $1,652,000 in non-current loans and $34,000 in owned real estate. To cover these potential losses it had $41,909,000 in equity and $2,416,000 in loans loss reserves. That gives it a Texas Ratio of 3.8%.

Return on Equity
First National Bank in Olney U.S. Bank Average
9.51% 9.47%

First National Bank in Olney has a Return on Equity of 9.51% versus the BestCashCow average of 9.47%. 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 National Bank in Olney U.S. Bank Average
12.49% 12.49%

First National Bank in Olney has a Capitalization of 12.49% versus the BestCashCow average of 12.49. 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 National Bank in Olney Balance Sheet Analysis

As of March 31, 2019, First National Bank in Olney had assets of $335,488,000, loans of $222,288,000, and deposits of $288,560,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.09 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.22 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.29 billion
LIABILITIES
Total deposits $0.29 billion
      Interest-bearing deposits $0.23 billion
      Deposits held in domestic offices $0.29 billion
      % insured (estimated) 82.30%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.29 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks, First National Bank in Olney’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 25.57
Multifamily
Mortgages
1.28
Credit Card Loans 0.00
Consumer Auto Loans 2.46
Small Business Loans 0.00
Construction and Development Loans 0.58
Commercial Real Estate 11.33
Commercial and Industrial Loans 9.04
Farm Loans 12.71

Frequently Asked Questions About First National Bank In Olney

Branches and Savings

Is First National Bank In Olney FDIC insured?

Yes. It is covered under FDIC Certificate #14567.

Why does First National Bank In Olney pay such low interest on savings accounts?

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

Why are First National Bank In Olney CD rates not competitive?

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

Is First National Bank In Olney a commercial bank?

Yes

Where are First National Bank In Olney locations?

See branch locations nearby.

Is First National Bank In Olney open on Saturdays?

Is First National Bank In Olney open on Sundays?

What time does First National Bank In Olney open?

What time does First National Bank In Olney close?

Are First National Bank In Olney ATMs Open 24/7?

Do First National Bank In Olney ATMs accept cash deposits?

Can First National Bank In Olney customers use other ATMs?

Do First National Bank In Olney branches have notaries?

Will First National Bank In Olney notarize my document?

What address for First National Bank In Olney should I put for incoming ACH transfers?

Will the First National Bank In Olney branch print checks?

Do First National Bank In Olney checks expire?

Does First National Bank In Olney require US citizenship to open account?

Can First National Bank In Olney close my account?

Does First National Bank In Olney Report to credit bureaus?

Does First National Bank In Olney Use Equifax?

What is First National Bank In Olney's ACH Routing Number?

What is First National Bank In Olney's SWIFT code?

Products

Does First National Bank In Olney offer mortgages?

Compare mortgage rates here.

Does First National Bank In Olney offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First National Bank In Olney offer personal loans?

Compare personal loan rates here.

Does First National Bank In Olney offer student loans?

Will First National Bank In Olney cash a check?

Will First National Bank In Olney redeem a savings bond?

Does First National Bank In Olney cash savings bonds?

Will First National Bank In Olney cash money orders?

Can First National Bank In Olney issue a money order?

Does First National Bank In Olney do currency exchange?

Background on The Bank

Who owns First National Bank In Olney?

How long has First National Bank In Olney been around?

Can First National Bank In Olney transfer to other banks?

Does First National Bank In Olney have quick pay?

Does First National Bank In Olney accept rolled coins?

Will First National Bank In Olney accept loose change?

Where is First National Bank In Olney headquarters?

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