First State Bank of Beecher City

Headquarters

101 South Charles Street
Beecher City, IL 62414
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 1.40% →
1-Year CD 0.70% 1.15% →
2-Year CD 0.85% 1.26% →
5-Year CD 1.21% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

First State Bank of Beecher City is an FDIC insured institution located in Beecher City, IL. It was founded in 1910 and has approximately $0.07 billion in assets.

FDIC Insured Yes
FDIC Certificate # 10871
Date Established 1910
Assets $ 71.37 million
Loans $ 56.77 million
Deposits $ 60.52 million
Capital $ 10.61 million
 

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

Deposit Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $10 $10,000 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.35% $2,500 - Learn More
6 Mo CD
0.50% $2,500 - Learn More
12 Mo CD
0.70% $500 - Learn More
18 Mo CD
0.75% $500 - Learn More
24 Mo CD
0.85% $500 - Learn More
30 Mo CD
1.01% $500 - Learn More
36 Mo CD
1.06% $500 - Learn More
48 Mo CD
1.11% $500 - Learn More
60 Mo CD
1.21% $500 - Learn More

Variable IRA Rates APY MIN MAX
Var IRA
1.26% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.30% $1,000 $9,999 Learn MoreShow Less

Loan Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First State Bank of Beecher City

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
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to First State Bank of Beecher City
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Branches

First State Bank of Beecher City 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 State Bank of Beecher City Locations


Financial Details

First State Bank of Beecher City Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First State Bank of Beecher City. 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 State Bank of Beecher City U.S. Bank Average
7.3% 6.51%

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, 2019, First State Bank of Beecher City had $861,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $10,608,000 in equity and $1,182,000 in loans loss reserves. That gives it a Texas Ratio of 7.3%.

Return on Equity
First State Bank of Beecher City U.S. Bank Average
12.93% 9.41%

First State Bank of Beecher City has a Return on Equity of 12.93% versus the BestCashCow average of 9.41%. 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 State Bank of Beecher City U.S. Bank Average
14.86% 12.82%

First State Bank of Beecher City has a Capitalization of 14.86% versus the BestCashCow average of 12.82. 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 State Bank of Beecher City Balance Sheet Analysis

As of December 31, 2019, First State Bank of Beecher City had assets of $71,367,000, loans of $56,766,000, and deposits of $60,521,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 10.01 million
Interest-bearing balances $ 6.59 million
Total securities $ 3.52 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 56.77 million
Loan loss allowance $ 1.18 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 $ 0.76 million
     Total Assets $ 60.76 million
LIABILITIES
Total deposits $ 60.52 million
      Interest-bearing deposits $ 50.18 million
      Deposits held in domestic offices $ 60.52 million
      % insured (estimated) 88.11%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.24 million
      Total Liabilities $ 60.76 million
      Shareholders’ Equity $ 10.61 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 3.91 million
Total Interest Expense $ 0.75 million
Net interest income $ 3.16 million
Provision for loan and lease losses $ 0.14 million
Total non interest income $ 0.54 million
Total non interest expense $ 1.90 million
Pre-tax Net Operating Income $ 1.66 million

Bank Loan Profile?

The top three loan types in First State Bank of Beecher City’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Illinois, First State Bank of Beecher City 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 27.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 4.32
Small Business Loans 29.23
Construction and Development Loans 1.54
Commercial Real Estate 29.23
Commercial and Industrial Loans 8.49
Farm Loans 8.91

Frequently Asked Questions About First State Bank Of Beecher City

Branches and Savings

Is First State Bank Of Beecher City FDIC insured?

Yes. It is covered under FDIC Certificate #10871.

Why does First State Bank Of Beecher City pay such low interest on savings accounts?

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

Why are First State Bank Of Beecher City CD rates not competitive?

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

Is First State Bank Of Beecher City a commercial bank?

Yes

Where are First State Bank Of Beecher City locations?

See branch locations nearby.

Is First State Bank Of Beecher City open on Saturdays?

Is First State Bank Of Beecher City open on Sundays?

What time does First State Bank Of Beecher City open?

What time does First State Bank Of Beecher City close?

Are First State Bank Of Beecher City ATMs Open 24/7?

Do First State Bank Of Beecher City ATMs accept cash deposits?

Can First State Bank Of Beecher City customers use other ATMs?

Do First State Bank Of Beecher City branches have notaries?

Will First State Bank Of Beecher City notarize my document?

What address for First State Bank Of Beecher City should I put for incoming ACH transfers?

Will the First State Bank Of Beecher City branch print checks?

Do First State Bank Of Beecher City checks expire?

Does First State Bank Of Beecher City require US citizenship to open account?

Can First State Bank Of Beecher City close my account?

Does First State Bank Of Beecher City Report to credit bureaus?

Does First State Bank Of Beecher City Use Equifax?

What is First State Bank Of Beecher City's ACH Routing Number?

What is First State Bank Of Beecher City's SWIFT code?

Products

Does First State Bank Of Beecher City offer mortgages?

Compare mortgage rates here.

Does First State Bank Of Beecher City offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First State Bank Of Beecher City offer personal loans?

Compare personal loan rates here.

Does First State Bank Of Beecher City offer student loans?

Will First State Bank Of Beecher City cash a check?

Will First State Bank Of Beecher City redeem a savings bond?

Does First State Bank Of Beecher City cash savings bonds?

Will First State Bank Of Beecher City cash money orders?

Can First State Bank Of Beecher City issue a money order?

Does First State Bank Of Beecher City do currency exchange?

Background on The Bank

Who owns First State Bank Of Beecher City?

How long has First State Bank Of Beecher City been around?

Can First State Bank Of Beecher City transfer to other banks?

Does First State Bank Of Beecher City have quick pay?

Does First State Bank Of Beecher City accept rolled coins?

Will First State Bank Of Beecher City accept loose change?

Where is First State Bank Of Beecher City headquarters?

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