First State Bank of Forrest

133 East Krack Street
Forrest, IL 61741

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 11669
Date Established 1914
Assets $0.21 billion
Loans $0.17 billion
Deposits $0.17 billion
Capital $0.02 billion

First State Bank of Forrest is an FDIC insured institution located in Forrest, IL. It was founded in 1914 and has approximately $0.21 billion in assets. Customers can open an account at one of its 6 branches.

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.

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 42.73
Multifamily
Mortgages
4.91
Credit Card Loans 0.00
Consumer Auto Loans 3.14
Small Business Loans 4.24
Construction and Development Loans 0.40
Commercial Real Estate 5.58
Commercial and Industrial Loans 16.39
Farm Loans 9.50

Deposit Rates - April 22, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $1,000 $9,999 Learn MoreShow Less
Money Market
0.15% $10,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.40% $1,000 - Learn MoreShow Less
6 Mo CD
0.40% $1,000 - Learn MoreShow Less
12 Mo CD
0.60% $1,000 - Learn MoreShow Less
Special: 15 Mo CD
2.53% $1,000 - Learn MoreShow Less
18 Mo CD
0.75% $1,000 - Learn MoreShow Less
Special: 22 Mo CD
2.78% $1,000 - Learn MoreShow Less
24 Mo CD
0.80% $1,000 - Learn MoreShow Less
30 Mo CD
1.00% $1,000 - Learn MoreShow Less
Special: 36 Mo CD
3.04% $1,000 - Learn MoreShow Less
36 Mo CD
1.00% $1,000 - Learn MoreShow Less
48 Mo CD
1.25% $1,000 - Learn MoreShow Less
60 Mo CD
1.75% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.60% $1,000 - Learn MoreShow Less
Special: 15 Mo FIRA
2.53% $1,000 - Learn MoreShow Less
Special: 22 Mo FIRA
2.78% $1,000 - Learn MoreShow Less
Special: 36 Mo FIRA
3.04% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $500 - Learn MoreShow Less

Loan Rates - April 22, 2019

Your Current Location: Washington, WA 98109

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 - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: CL-2925. NMLSID#2925
4.034% 4.000% 0.38 $1,030 $1,194 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
Figure Home Equity Loan Plus
Figure Home Equity Loan Plus
8.000 %
N/A 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:
Seattle,Washington


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
27.08% 6.97%

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 December 31, 2018, First State Bank of Forrest had $5,289,000 in non-current loans and $247,000 in owned real estate. To cover these potential losses it had $18,872,000 in equity and $1,569,000 in loans loss reserves. That gives it a Texas Ratio of 27.08%.

Return on Equity
First State Bank of Forrest U.S. Bank Average
10.13% 8.80%

First State Bank of Forrest has a Return on Equity of 10.13% versus the BestCashCow average of 8.80%. 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
8.86% 12.29%

First State Bank of Forrest has a Capitalization of 8.86% versus the BestCashCow average of 12.29. 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 December 31, 2018, First State Bank of Forrest had assets of $213,041,000, loans of $174,961,000, and deposits of $173,945,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.17 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 $0.19 billion
LIABILITIES
Total deposits $0.17 billion
      Interest-bearing deposits $0.15 billion
      Deposits held in domestic offices $0.17 billion
      % insured (estimated) 93.30%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.19 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 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

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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