Flora Savings Bank


128 West Second Street
Flora, IL 62839
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
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

Flora Savings Bank is an FDIC insured institution located in Flora, IL. It was founded in 1904 and has approximately $0.03 billion in assets.

FDIC Insured Yes
FDIC Certificate # 27685
Date Established 1904
Assets $ 29.66 million
Loans $ 19.29 million
Deposits $ 24.95 million
Capital $ 3.64 million

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

Deposit Rates - September 20, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - September 20, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Flora Savings Bank

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 2021

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
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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 Flora Savings Bank
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Financial Details

Flora Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Flora Savings Bank. 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
Flora Savings Bank U.S. Bank Average
13.32% 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, Flora Savings Bank had $506,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $3,644,000 in equity and $156,000 in loans loss reserves. That gives it a Texas Ratio of 13.32%.

Return on Equity
Flora Savings Bank U.S. Bank Average
3.15% 11.43%

Flora Savings Bank has a Return on Equity of 3.15% 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.

Flora Savings Bank U.S. Bank Average
12.29% 11.51%

Flora Savings Bank has a Capitalization of 12.29% 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.

Flora Savings Bank Balance Sheet Analysis

As of September 30, 2018, Flora Savings Bank had assets of $28,663,000, loans of $19,287,000, and deposits of $24,953,000. 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
Cash & Balances due from depository institutions $ 1.09 million
Interest-bearing balances $ 0.86 million
Total securities $ 6.96 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 19.29 million
Loan loss allowance $ 0.16 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1.23 million
     Total Assets $ 25.02 million
Total deposits $ 24.95 million
      Interest-bearing deposits $ 21.74 million
      Deposits held in domestic offices $ 24.95 million
      % insured (estimated) 96.01%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.07 million
      Total Liabilities $ 25.02 million
      Shareholders’ Equity $ 4.64 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 0.95 million
Total Interest Expense $ 0.21 million
Net interest income $ 0.74 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.01 million
Total non interest expense $ 0.58 million
Pre-tax Net Operating Income $ 0.14 million

Bank Loan Profile?

The top three loan types in Flora Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Consumer Auto Loans.

Compared to other banks in Illinois, Flora Savings Bank has a significantly higher percent of 1-4 Family Residential 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 62.42
Credit Card Loans 0.00
Consumer Auto Loans 6.49
Small Business Loans 0.00
Construction and Development Loans 0.06
Commercial Real Estate 5.94
Commercial and Industrial Loans 4.69
Farm Loans 11.20

Frequently Asked Questions About Flora Savings Bank

Branches and Savings

Is Flora Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27685.

Why does Flora Savings Bank pay such low interest on savings accounts?

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

Why are Flora Savings Bank CD rates not competitive?

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

Is Flora Savings Bank a commercial bank?


Where are Flora Savings Bank locations?

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Is Flora Savings Bank open on Saturdays?

Is Flora Savings Bank open on Sundays?

What time does Flora Savings Bank open?

What time does Flora Savings Bank close?

Are Flora Savings Bank ATMs Open 24/7?

Do Flora Savings Bank ATMs accept cash deposits?

Can Flora Savings Bank customers use other ATMs?

Do Flora Savings Bank branches have notaries?

Will Flora Savings Bank notarize my document?

What address for Flora Savings Bank should I put for incoming ACH transfers?

Will the Flora Savings Bank branch print checks?

Do Flora Savings Bank checks expire?

Does Flora Savings Bank require US citizenship to open account?

Can Flora Savings Bank close my account?

Does Flora Savings Bank Report to credit bureaus?

Does Flora Savings Bank Use Equifax?

What is Flora Savings Bank's ACH Routing Number?

What is Flora Savings Bank's SWIFT code?


Does Flora Savings Bank offer mortgages?

Compare mortgage rates here.

Does Flora Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Flora Savings Bank offer personal loans?

Compare personal loan rates here.

Does Flora Savings Bank offer student loans?

Will Flora Savings Bank cash a check?

Will Flora Savings Bank redeem a savings bond?

Does Flora Savings Bank cash savings bonds?

Will Flora Savings Bank cash money orders?

Can Flora Savings Bank issue a money order?

Does Flora Savings Bank do currency exchange?

Background on The Bank

Who owns Flora Savings Bank?

How long has Flora Savings Bank been around?

Can Flora Savings Bank transfer to other banks?

Does Flora Savings Bank have quick pay?

Does Flora Savings Bank accept rolled coins?

Will Flora Savings Bank accept loose change?

Where is Flora Savings Bank headquarters?

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