First State Bank of Red Bud

Headquarters

115 West Market Street
Red Bud, IL 62278
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 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 Red Bud is an FDIC insured institution located in Red Bud, IL. It was founded in 1875 and has approximately $0.1 billion in assets.

FDIC Insured Yes
FDIC Certificate # 11704
Date Established 1875
Assets $ 95.97 million
Loans $ 36.97 million
Deposits $ 82.30 million
Capital $ 11.93 million
 

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

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98101


Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98101

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

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to First State Bank of Red Bud
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Branches

First State Bank of Red Bud 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 Red Bud Locations


Financial Details

First State Bank of Red Bud Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First State Bank of Red Bud. 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 Red Bud U.S. Bank Average
21.17% 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 Red Bud had $1,499,000 in non-current loans and $1,559,000 in owned real estate. To cover these potential losses it had $11,933,000 in equity and $2,512,000 in loans loss reserves. That gives it a Texas Ratio of 21.17%.

Return on Equity
First State Bank of Red Bud U.S. Bank Average
4.52% 7.80%

First State Bank of Red Bud has a Return on Equity of 4.52% 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 Red Bud U.S. Bank Average
12.43% 12.68%

First State Bank of Red Bud has a Capitalization of 12.43% 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 Red Bud Balance Sheet Analysis

As of December 31, 2011, First State Bank of Red Bud had assets of $95,974,000, loans of $36,969,000, and deposits of $82,302,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 36.97 million
Loan loss allowance $ 2.51 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.56 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 82.30 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 95.97 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in First State Bank of Red Bud’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, First State Bank of Red Bud’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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About First State Bank Of Red Bud

Branches and Savings

Is First State Bank Of Red Bud FDIC insured?

Yes. It is covered under FDIC Certificate #11704.

Why does First State Bank Of Red Bud 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 Red Bud CD rates not competitive?

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

Is First State Bank Of Red Bud a commercial bank?

Yes

Where are First State Bank Of Red Bud locations?

See branch locations nearby.

Is First State Bank Of Red Bud open on Saturdays?

Is First State Bank Of Red Bud open on Sundays?

What time does First State Bank Of Red Bud open?

What time does First State Bank Of Red Bud close?

Are First State Bank Of Red Bud ATMs Open 24/7?

Do First State Bank Of Red Bud ATMs accept cash deposits?

Can First State Bank Of Red Bud customers use other ATMs?

Do First State Bank Of Red Bud branches have notaries?

Will First State Bank Of Red Bud notarize my document?

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

Will the First State Bank Of Red Bud branch print checks?

Do First State Bank Of Red Bud checks expire?

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

Can First State Bank Of Red Bud close my account?

Does First State Bank Of Red Bud Report to credit bureaus?

Does First State Bank Of Red Bud Use Equifax?

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

What is First State Bank Of Red Bud's SWIFT code?

Products

Does First State Bank Of Red Bud offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First State Bank Of Red Bud offer personal loans?

Compare personal loan rates here.

Does First State Bank Of Red Bud offer student loans?

Will First State Bank Of Red Bud cash a check?

Will First State Bank Of Red Bud redeem a savings bond?

Does First State Bank Of Red Bud cash savings bonds?

Will First State Bank Of Red Bud cash money orders?

Can First State Bank Of Red Bud issue a money order?

Does First State Bank Of Red Bud do currency exchange?

Background on The Bank

Who owns First State Bank Of Red Bud?

How long has First State Bank Of Red Bud been around?

Can First State Bank Of Red Bud transfer to other banks?

Does First State Bank Of Red Bud have quick pay?

Does First State Bank Of Red Bud accept rolled coins?

Will First State Bank Of Red Bud accept loose change?

Where is First State Bank Of Red Bud headquarters?

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