First National Bank of Steeleville

Headquarters

400 West Broadway
Steeleville, IL 62288
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 1.05% →
1-Year CD 0.60% 0.95% →
2-Year CD 0.75% 1.05% →
5-Year CD 1.15% 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 National Bank of Steeleville is an FDIC insured institution located in Steeleville, IL. It was founded in 1902 and has approximately $0.22 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 1049
Date Established 1902
Assets $ 215.97 million
Loans $ 90.94 million
Deposits $ 180.56 million
Capital $ 30.94 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $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
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.35% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.60% $10,000 $14,999 Learn More
12 Mo CD
0.60% $100,000 $199,999 Learn More
18 Mo CD
0.70% $10,000 $14,999 Learn More
18 Mo CD
0.70% $100,000 $199,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
30 Mo CD
0.80% $10,000 $14,999 Learn More
30 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.85% $10,000 $14,999 Learn More
36 Mo CD
0.85% $100,000 $199,999 Learn More
48 Mo CD
1.05% $10,000 $14,999 Learn More
48 Mo CD
1.05% $100,000 $199,999 Learn More
60 Mo CD
1.15% $10,000 $14,999 Learn More
60 Mo CD
1.15% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First National Bank of Steeleville

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
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 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
See Table
2.990 %
$0 Learn More
More Info

Note to First National Bank of Steeleville
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Branches

First National Bank of Steeleville 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 of Steeleville Locations


Financial Details

First National Bank of Steeleville Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First National Bank of Steeleville. 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 of Steeleville U.S. Bank Average
2.08% 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 National Bank of Steeleville had $667,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $30,939,000 in equity and $1,121,000 in loans loss reserves. That gives it a Texas Ratio of 2.08%.

Return on Equity
First National Bank of Steeleville U.S. Bank Average
9.46% 7.80%

First National Bank of Steeleville has a Return on Equity of 9.46% 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 National Bank of Steeleville U.S. Bank Average
14.33% 12.68%

First National Bank of Steeleville has a Capitalization of 14.33% 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.

First National Bank of Steeleville Balance Sheet Analysis

As of March 31, 2020, First National Bank of Steeleville had assets of $215,967,000, loans of $90,936,000, and deposits of $180,561,000. 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 $ 8.16 million
Interest-bearing balances $ 1.51 million
Total securities $ 90.49 million
Federal funds sold and reverse repurchase $ 11.31 million
Net loans and leases $ 90.94 million
Loan loss allowance $ 1.12 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 8.68 million
     Total Assets $ 185.03 million
LIABILITIES
Total deposits $ 180.56 million
      Interest-bearing deposits $ 157.84 million
      Deposits held in domestic offices $ 180.56 million
      % insured (estimated) 75.69%
Federal funds purchased and repurchase agreements $ 3.08 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.39 million
      Total Liabilities $ 185.03 million
      Shareholders’ Equity $ 30.94 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.76 million
Total Interest Expense $ 0.27 million
Net interest income $ 1.49 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.32 million
Total non interest expense $ 1.29 million
Pre-tax Net Operating Income $ 0.53 million

Bank Loan Profile?

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

Compared to other banks, First National Bank of Steeleville’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 46.25
Multifamily
Mortgages
1.30
Credit Card Loans 0.00
Consumer Auto Loans 6.61
Small Business Loans 0.00
Construction and Development Loans 1.89
Commercial Real Estate 19.30
Commercial and Industrial Loans 13.40
Farm Loans 3.07

Frequently Asked Questions About First National Bank Of Steeleville

Branches and Savings

Is First National Bank Of Steeleville FDIC insured?

Yes. It is covered under FDIC Certificate #1049.

Why does First National Bank Of Steeleville 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 Of Steeleville CD rates not competitive?

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

Is First National Bank Of Steeleville a commercial bank?

Yes

Where are First National Bank Of Steeleville locations?

See branch locations nearby.

Is First National Bank Of Steeleville open on Saturdays?

Is First National Bank Of Steeleville open on Sundays?

What time does First National Bank Of Steeleville open?

What time does First National Bank Of Steeleville close?

Are First National Bank Of Steeleville ATMs Open 24/7?

Do First National Bank Of Steeleville ATMs accept cash deposits?

Can First National Bank Of Steeleville customers use other ATMs?

Do First National Bank Of Steeleville branches have notaries?

Will First National Bank Of Steeleville notarize my document?

What address for First National Bank Of Steeleville should I put for incoming ACH transfers?

Will the First National Bank Of Steeleville branch print checks?

Do First National Bank Of Steeleville checks expire?

Does First National Bank Of Steeleville require US citizenship to open account?

Can First National Bank Of Steeleville close my account?

Does First National Bank Of Steeleville Report to credit bureaus?

Does First National Bank Of Steeleville Use Equifax?

What is First National Bank Of Steeleville's ACH Routing Number?

What is First National Bank Of Steeleville's SWIFT code?

Products

Does First National Bank Of Steeleville offer mortgages?

Compare mortgage rates here.

Does First National Bank Of Steeleville offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First National Bank Of Steeleville offer personal loans?

Compare personal loan rates here.

Does First National Bank Of Steeleville offer student loans?

Will First National Bank Of Steeleville cash a check?

Will First National Bank Of Steeleville redeem a savings bond?

Does First National Bank Of Steeleville cash savings bonds?

Will First National Bank Of Steeleville cash money orders?

Can First National Bank Of Steeleville issue a money order?

Does First National Bank Of Steeleville do currency exchange?

Background on The Bank

Who owns First National Bank Of Steeleville?

How long has First National Bank Of Steeleville been around?

Can First National Bank Of Steeleville transfer to other banks?

Does First National Bank Of Steeleville have quick pay?

Does First National Bank Of Steeleville accept rolled coins?

Will First National Bank Of Steeleville accept loose change?

Where is First National Bank Of Steeleville headquarters?

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