Illini Bank

Headquarters

3200 West Iles Avenue
Springfield, IL 62711
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

Illini Bank is an FDIC insured institution located in Springfield, IL. It was founded in 1969 and has approximately $0.28 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 19980
Date Established 1969
Assets $ 276.51 million
Loans $ 127.00 million
Deposits $ 233.96 million
Capital $ 32.21 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Illini 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.569% 2.500% 0.88 $2,258 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to Illini Bank
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Branches

Illini Bank 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:
Fairfield,Connecticut


Illini Bank Locations


Financial Details

Illini Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Illini 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
Illini Bank U.S. Bank Average
15.29% 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, Illini Bank had $2,691,000 in non-current loans and $2,275,000 in owned real estate. To cover these potential losses it had $32,212,000 in equity and $276,000 in loans loss reserves. That gives it a Texas Ratio of 15.29%.

Return on Equity
Illini Bank U.S. Bank Average
13.6% 7.80%

Illini Bank has a Return on Equity of 13.6% 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
Illini Bank U.S. Bank Average
11.65% 12.68%

Illini Bank has a Capitalization of 11.65% 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.

Illini Bank Balance Sheet Analysis

As of March 31, 2017, Illini Bank had assets of $276,511,000, loans of $126,995,000, and deposits of $233,955,000. 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 $ 127.00 million
Loan loss allowance $ 0.28 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.28 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 233.96 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 $ 276.51 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 Illini Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Illinois, Illini Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 21.60
Multifamily
Mortgages
5.31
Credit Card Loans 0.00
Consumer Auto Loans 0.61
Small Business Loans 11.16
Construction and Development Loans 3.63
Commercial Real Estate 41.23
Commercial and Industrial Loans 11.21
Farm Loans 6.16

Frequently Asked Questions About Illini Bank

Branches and Savings

Is Illini Bank FDIC insured?

Yes. It is covered under FDIC Certificate #19980.

Why does Illini Bank pay such low interest on savings accounts?

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

Why are Illini Bank CD rates not competitive?

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

Is Illini Bank a commercial bank?

Yes

Where are Illini Bank locations?

See branch locations nearby.

Is Illini Bank open on Saturdays?

Is Illini Bank open on Sundays?

What time does Illini Bank open?

What time does Illini Bank close?

Are Illini Bank ATMs Open 24/7?

Do Illini Bank ATMs accept cash deposits?

Can Illini Bank customers use other ATMs?

Do Illini Bank branches have notaries?

Will Illini Bank notarize my document?

What address for Illini Bank should I put for incoming ACH transfers?

Will the Illini Bank branch print checks?

Do Illini Bank checks expire?

Does Illini Bank require US citizenship to open account?

Can Illini Bank close my account?

Does Illini Bank Report to credit bureaus?

Does Illini Bank Use Equifax?

What is Illini Bank's ACH Routing Number?

What is Illini Bank's SWIFT code?

Products

Does Illini Bank offer mortgages?

Compare mortgage rates here.

Does Illini Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Illini Bank offer personal loans?

Compare personal loan rates here.

Does Illini Bank offer student loans?

Will Illini Bank cash a check?

Will Illini Bank redeem a savings bond?

Does Illini Bank cash savings bonds?

Will Illini Bank cash money orders?

Can Illini Bank issue a money order?

Does Illini Bank do currency exchange?

Background on The Bank

Who owns Illini Bank?

How long has Illini Bank been around?

Can Illini Bank transfer to other banks?

Does Illini Bank have quick pay?

Does Illini Bank accept rolled coins?

Will Illini Bank accept loose change?

Where is Illini Bank headquarters?

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