First Trust Bank of Illinois

Headquarters

275 East Court Street
Kankakee, IL 60901
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD 0.50% 1.15% →
2-Year CD 0.55% 1.26% →
5-Year CD 0.65% 1.56% →
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 Trust Bank of Illinois is an FDIC insured institution located in Kankakee, IL. It was founded in 1998 and has approximately $0.3 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 34778
Date Established 1998
Assets $ 302.68 million
Loans $ 135.55 million
Deposits $ 247.71 million
Capital $ 31.45 million
 

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

Deposit Rates - July 13, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $1 $9,999 Learn More
Money Market
0.15% $1 $24,999 Learn More
Money Market
0.15% $25,000 $74,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $1,000 - Learn More
6 Mo CD
0.25% $1,000 - Learn More
12 Mo CD
0.50% $1,000 $24,999 Learn More
12 Mo CD
0.50% $50,000 - Learn More
18 Mo CD
0.50% $1,000 - Learn More
24 Mo CD
0.55% $1,000 $24,999 Learn More
24 Mo CD
0.55% $25,000 - Learn More
30 Mo CD
0.55% $1,000 - Learn More
36 Mo CD
0.60% $1,000 - Learn More
48 Mo CD
0.65% $1,000 - Learn More
60 Mo CD
0.65% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $1,000 $24,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $4,999 Learn MoreShow Less

Loan Rates - July 13, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for First Trust Bank of Illinois

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
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.950% 2.875% 1.00 $2,438 $1,038 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to First Trust Bank of Illinois
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Branches

First Trust Bank of Illinois 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 Trust Bank of Illinois Locations


Financial Details

First Trust Bank of Illinois Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Trust Bank of Illinois. 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 Trust Bank of Illinois U.S. Bank Average
9.41% 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 Trust Bank of Illinois had $2,966,000 in non-current loans and $130,000 in owned real estate. To cover these potential losses it had $31,447,000 in equity and $1,446,000 in loans loss reserves. That gives it a Texas Ratio of 9.41%.

Return on Equity
First Trust Bank of Illinois U.S. Bank Average
4.97% 7.80%

First Trust Bank of Illinois has a Return on Equity of 4.97% 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 Trust Bank of Illinois U.S. Bank Average
10.39% 12.68%

First Trust Bank of Illinois has a Capitalization of 10.39% 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 Trust Bank of Illinois Balance Sheet Analysis

As of March 31, 2020, First Trust Bank of Illinois had assets of $302,677,000, loans of $135,547,000, and deposits of $247,710,000. 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 $ 13.11 million
Interest-bearing balances $ 9.48 million
Total securities $ 130.87 million
Federal funds sold and reverse repurchase $ 7.13 million
Net loans and leases $ 135.55 million
Loan loss allowance $ 1.45 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.13 million
Goodwill and other intangibles $ 3.87 million
All other assets $ 7.18 million
     Total Assets $ 271.23 million
LIABILITIES
Total deposits $ 247.71 million
      Interest-bearing deposits $ 201.13 million
      Deposits held in domestic offices $ 247.71 million
      % insured (estimated) 82.35%
Federal funds purchased and repurchase agreements $ 22.18 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.35 million
      Total Liabilities $ 271.23 million
      Shareholders’ Equity $ 31.45 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.44 million
Total Interest Expense $ 0.39 million
Net interest income $ 2.06 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.25 million
Total non interest expense $ 1.89 million
Pre-tax Net Operating Income $ 0.41 million

Bank Loan Profile?

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

Compared to other banks in Illinois, First Trust Bank of Illinois has a significantly higher percent of Commercial and Industrial 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 19.76
Multifamily
Mortgages
7.82
Credit Card Loans 0.00
Consumer Auto Loans 0.62
Small Business Loans 0.00
Construction and Development Loans 2.55
Commercial Real Estate 23.77
Commercial and Industrial Loans 25.84
Farm Loans 6.76

Frequently Asked Questions About First Trust Bank Of Illinois

Branches and Savings

Is First Trust Bank Of Illinois FDIC insured?

Yes. It is covered under FDIC Certificate #34778.

Why does First Trust Bank Of Illinois pay such low interest on savings accounts?

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

Why are First Trust Bank Of Illinois CD rates not competitive?

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

Is First Trust Bank Of Illinois a commercial bank?

Yes

Where are First Trust Bank Of Illinois locations?

See branch locations nearby.

Is First Trust Bank Of Illinois open on Saturdays?

Is First Trust Bank Of Illinois open on Sundays?

What time does First Trust Bank Of Illinois open?

What time does First Trust Bank Of Illinois close?

Are First Trust Bank Of Illinois ATMs Open 24/7?

Do First Trust Bank Of Illinois ATMs accept cash deposits?

Can First Trust Bank Of Illinois customers use other ATMs?

Do First Trust Bank Of Illinois branches have notaries?

Will First Trust Bank Of Illinois notarize my document?

What address for First Trust Bank Of Illinois should I put for incoming ACH transfers?

Will the First Trust Bank Of Illinois branch print checks?

Do First Trust Bank Of Illinois checks expire?

Does First Trust Bank Of Illinois require US citizenship to open account?

Can First Trust Bank Of Illinois close my account?

Does First Trust Bank Of Illinois Report to credit bureaus?

Does First Trust Bank Of Illinois Use Equifax?

What is First Trust Bank Of Illinois's ACH Routing Number?

What is First Trust Bank Of Illinois's SWIFT code?

Products

Does First Trust Bank Of Illinois offer mortgages?

Compare mortgage rates here.

Does First Trust Bank Of Illinois offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Trust Bank Of Illinois offer personal loans?

Compare personal loan rates here.

Does First Trust Bank Of Illinois offer student loans?

Will First Trust Bank Of Illinois cash a check?

Will First Trust Bank Of Illinois redeem a savings bond?

Does First Trust Bank Of Illinois cash savings bonds?

Will First Trust Bank Of Illinois cash money orders?

Can First Trust Bank Of Illinois issue a money order?

Does First Trust Bank Of Illinois do currency exchange?

Background on The Bank

Who owns First Trust Bank Of Illinois?

How long has First Trust Bank Of Illinois been around?

Can First Trust Bank Of Illinois transfer to other banks?

Does First Trust Bank Of Illinois have quick pay?

Does First Trust Bank Of Illinois accept rolled coins?

Will First Trust Bank Of Illinois accept loose change?

Where is First Trust Bank Of Illinois headquarters?

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