First State Bank of Forrest

Headquarters

133 East Krack Street
Forrest, IL 61741
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.05% →
1-Year CD 0.10% 0.95% →
2-Year CD 0.30% 1.05% →
5-Year CD 0.70% 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 State Bank of Forrest is an FDIC insured institution located in Forrest, IL. It was founded in 1914 and has approximately $0.23 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 11669
Date Established 1914
Assets $ 230.13 million
Loans $ 181.43 million
Deposits $ 198.83 million
Capital $ 19.00 million
 

For a more detailed analysis of First State Bank of Forrest'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

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.10% $10,000 $14,999 Learn More
12 Mo CD
0.10% $100,000 $199,999 Learn More
Special: 15 Mo CD
0.50% $1,000 - Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.30% $10,000 $14,999 Learn More
24 Mo CD
0.30% $100,000 $199,999 Learn More
30 Mo CD
0.30% $10,000 $14,999 Learn More
30 Mo CD
0.30% $100,000 $199,999 Learn More
36 Mo CD
0.40% $10,000 $14,999 Learn More
36 Mo CD
0.40% $100,000 $199,999 Learn More
48 Mo CD
0.40% $10,000 $14,999 Learn More
48 Mo CD
0.40% $100,000 $199,999 Learn More
60 Mo CD
0.70% $10,000 $14,999 Learn More
60 Mo CD
0.70% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 15 Mo FIRA
0.50% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

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

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
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
See Table
2.990 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to First State Bank of Forrest
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Branches

First State Bank of Forrest 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 Forrest Locations


Financial Details

First State Bank of Forrest Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First State Bank of Forrest. 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 Forrest U.S. Bank Average
21.56% 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 State Bank of Forrest had $3,739,000 in non-current loans and $705,000 in owned real estate. To cover these potential losses it had $18,995,000 in equity and $1,614,000 in loans loss reserves. That gives it a Texas Ratio of 21.56%.

Return on Equity
First State Bank of Forrest U.S. Bank Average
6.81% 7.80%

First State Bank of Forrest has a Return on Equity of 6.81% 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 State Bank of Forrest U.S. Bank Average
8.25% 12.68%

First State Bank of Forrest has a Capitalization of 8.25% 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 State Bank of Forrest Balance Sheet Analysis

As of March 31, 2020, First State Bank of Forrest had assets of $230,134,000, loans of $181,427,000, and deposits of $198,827,000. 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 $ 23.83 million
Interest-bearing balances $ 19.09 million
Total securities $ 18.51 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 181.43 million
Loan loss allowance $ 1.61 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.71 million
Goodwill and other intangibles N.A.
All other assets $ 2.66 million
     Total Assets $ 211.14 million
LIABILITIES
Total deposits $ 198.83 million
      Interest-bearing deposits $ 176.41 million
      Deposits held in domestic offices $ 198.83 million
      % insured (estimated) 92.77%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 12.00 million
Subordinated debt N.A.
All other liabilities $ 0.31 million
      Total Liabilities $ 211.14 million
      Shareholders’ Equity $ 19.00 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.37 million
Total Interest Expense $ 0.78 million
Net interest income $ 1.59 million
Provision for loan and lease losses $ 0.10 million
Total non interest income $ 0.08 million
Total non interest expense $ 1.25 million
Pre-tax Net Operating Income $ 0.33 million

Bank Loan Profile?

The top three loan types in First State Bank of Forrest’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Farm Loans.

Compared to other banks, First State Bank of Forrest’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 40.01
Multifamily
Mortgages
4.26
Credit Card Loans 0.00
Consumer Auto Loans 3.22
Small Business Loans 0.00
Construction and Development Loans 0.49
Commercial Real Estate 4.56
Commercial and Industrial Loans 18.59
Farm Loans 8.93

Frequently Asked Questions About First State Bank Of Forrest

Branches and Savings

Is First State Bank Of Forrest FDIC insured?

Yes. It is covered under FDIC Certificate #11669.

Why does First State Bank Of Forrest 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 Forrest CD rates not competitive?

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

Is First State Bank Of Forrest a commercial bank?

Yes

Where are First State Bank Of Forrest locations?

See branch locations nearby.

Is First State Bank Of Forrest open on Saturdays?

Is First State Bank Of Forrest open on Sundays?

What time does First State Bank Of Forrest open?

What time does First State Bank Of Forrest close?

Are First State Bank Of Forrest ATMs Open 24/7?

Do First State Bank Of Forrest ATMs accept cash deposits?

Can First State Bank Of Forrest customers use other ATMs?

Do First State Bank Of Forrest branches have notaries?

Will First State Bank Of Forrest notarize my document?

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

Will the First State Bank Of Forrest branch print checks?

Do First State Bank Of Forrest checks expire?

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

Can First State Bank Of Forrest close my account?

Does First State Bank Of Forrest Report to credit bureaus?

Does First State Bank Of Forrest Use Equifax?

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

What is First State Bank Of Forrest's SWIFT code?

Products

Does First State Bank Of Forrest offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First State Bank Of Forrest offer personal loans?

Compare personal loan rates here.

Does First State Bank Of Forrest offer student loans?

Will First State Bank Of Forrest cash a check?

Will First State Bank Of Forrest redeem a savings bond?

Does First State Bank Of Forrest cash savings bonds?

Will First State Bank Of Forrest cash money orders?

Can First State Bank Of Forrest issue a money order?

Does First State Bank Of Forrest do currency exchange?

Background on The Bank

Who owns First State Bank Of Forrest?

How long has First State Bank Of Forrest been around?

Can First State Bank Of Forrest transfer to other banks?

Does First State Bank Of Forrest have quick pay?

Does First State Bank Of Forrest accept rolled coins?

Will First State Bank Of Forrest accept loose change?

Where is First State Bank Of Forrest headquarters?

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