First State Bank of Olmsted

Headquarters

185 N. Front Street
Olmsted, IL 62970
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First State Bank of Olmsted is an FDIC insured institution located in Olmsted, IL. It was founded in 1921 and has approximately $0.06 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 10437
Date Established 1921
Assets $ 62.04 million
Loans $ 36.54 million
Deposits $ 54.41 million
Capital $ 7.33 million
 

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

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111

 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

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

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.475% 3.375%
0.75 points
$3,125 fees
$1,106 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to First State Bank of Olmsted
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

First State Bank of Olmsted 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:
San Diego,California


First State Bank of Olmsted Locations


Financial Details

First State Bank of Olmsted Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First State Bank of Olmsted. 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 Olmsted U.S. Bank Average
1.01% 5.29%

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, 2021, First State Bank of Olmsted had $28,000 in non-current loans and $50,000 in owned real estate. To cover these potential losses it had $7,328,000 in equity and $378,000 in loans loss reserves. That gives it a Texas Ratio of 1.01%.

Return on Equity
First State Bank of Olmsted U.S. Bank Average
7.79% 11.43%

First State Bank of Olmsted has a Return on Equity of 7.79% versus the BestCashCow average of 11.43%. 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 Olmsted U.S. Bank Average
11.81% 11.51%

First State Bank of Olmsted has a Capitalization of 11.81% versus the BestCashCow average of 11.51. 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 Olmsted Balance Sheet Analysis

As of March 31, 2021, First State Bank of Olmsted had assets of $62,040,000, loans of $36,535,000, and deposits of $54,406,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 5.94 million
Interest-bearing balances $ 4.68 million
Total securities $ 16.66 million
Federal funds sold and reverse repurchase $ 1.77 million
Net loans and leases $ 36.54 million
Loan loss allowance $ 0.38 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.05 million
Goodwill and other intangibles N.A.
All other assets $ 0.39 million
     Total Assets $ 54.71 million
LIABILITIES
Total deposits $ 54.41 million
      Interest-bearing deposits $ 44.94 million
      Deposits held in domestic offices $ 54.41 million
      % insured (estimated) 77.11%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.31 million
      Total Liabilities $ 54.71 million
      Shareholders’ Equity $ 7.33 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 0.55 million
Total Interest Expense $ 0.06 million
Net interest income $ 0.49 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.05 million
Total non interest expense $ 0.36 million
Pre-tax Net Operating Income $ 0.18 million

Bank Loan Profile?

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

Compared to other banks, First State Bank of Olmsted’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 42.19
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 2.76
Small Business Loans 0.00
Construction and Development Loans 0.54
Commercial Real Estate 11.19
Commercial and Industrial Loans 23.28
Farm Loans 2.30

Frequently Asked Questions About First State Bank Of Olmsted

Branches and Savings

Is First State Bank Of Olmsted FDIC insured?

Yes. It is covered under FDIC Certificate #10437.

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

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

Is First State Bank Of Olmsted a commercial bank?

Yes

Where are First State Bank Of Olmsted locations?

See branch locations nearby.

Is First State Bank Of Olmsted open on Saturdays?

Is First State Bank Of Olmsted open on Sundays?

What time does First State Bank Of Olmsted open?

What time does First State Bank Of Olmsted close?

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

Do First State Bank Of Olmsted ATMs accept cash deposits?

Can First State Bank Of Olmsted customers use other ATMs?

Do First State Bank Of Olmsted branches have notaries?

Will First State Bank Of Olmsted notarize my document?

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

Will the First State Bank Of Olmsted branch print checks?

Do First State Bank Of Olmsted checks expire?

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

Can First State Bank Of Olmsted close my account?

Does First State Bank Of Olmsted Report to credit bureaus?

Does First State Bank Of Olmsted Use Equifax?

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

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

Products

Does First State Bank Of Olmsted offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First State Bank Of Olmsted offer personal loans?

Compare personal loan rates here.

Does First State Bank Of Olmsted offer student loans?

Will First State Bank Of Olmsted cash a check?

Will First State Bank Of Olmsted redeem a savings bond?

Does First State Bank Of Olmsted cash savings bonds?

Will First State Bank Of Olmsted cash money orders?

Can First State Bank Of Olmsted issue a money order?

Does First State Bank Of Olmsted do currency exchange?

Background on The Bank

Who owns First State Bank Of Olmsted?

How long has First State Bank Of Olmsted been around?

Can First State Bank Of Olmsted transfer to other banks?

Does First State Bank Of Olmsted have quick pay?

Does First State Bank Of Olmsted accept rolled coins?

Will First State Bank Of Olmsted accept loose change?

Where is First State Bank Of Olmsted headquarters?

Customer Reviews for First State Bank of Olmsted

There are currently no comments for First State Bank of Olmsted. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →