Illinois Bank & Trust

Headquarters

6855 East Riverside Boulevard
Rockford, IL 61114
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.01% 1.40% →
1-Year CD 0.10% 1.15% →
2-Year CD 0.15% 1.26% →
5-Year CD 0.25% 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

Illinois Bank & Trust is an FDIC insured institution located in Rockford, IL. It was founded in 1995 and has approximately $1.3 billion in assets. Customers can open an account at one of its 12 branches.

FDIC Insured Yes
FDIC Certificate # 34076
Date Established 1995
Assets $ 1,295.98 million
Loans $ 874.74 million
Deposits $ 1,139.95 million
Capital $ 132.48 million
 

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

Deposit Rates - July 12, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.01% $10,000 $14,999 Learn More
Money Market
0.01% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.01% $10,000 $14,999 Learn More
3 Mo CD
0.01% $100,000 $199,999 Learn More
6 Mo CD
0.05% $10,000 $14,999 Learn More
6 Mo CD
0.05% $100,000 $199,999 Learn More
12 Mo CD
0.10% $10,000 $14,999 Learn More
12 Mo CD
0.10% $100,000 $199,999 Learn More
18 Mo CD
0.10% $10,000 $14,999 Learn More
18 Mo CD
0.10% $100,000 $199,999 Learn More
24 Mo CD
0.15% $10,000 $14,999 Learn More
24 Mo CD
0.15% $100,000 $199,999 Learn More
36 Mo CD
0.20% $10,000 $14,999 Learn More
36 Mo CD
0.20% $100,000 $199,999 Learn More
48 Mo CD
0.25% $10,000 $14,999 Learn More
48 Mo CD
0.25% $100,000 $199,999 Learn More
60 Mo CD
0.25% $10,000 $14,999 Learn More
60 Mo CD
0.25% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.15% $1,000 $9,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.01% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $99 Learn MoreShow Less
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - July 12, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Illinois Bank & Trust

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
AimLoan.com
NMLS ID: 2890
License#: 13256
2.950% 2.875% 1.00 $2,438 $1,038 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
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info

Note to Illinois Bank & Trust
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Illinois Bank & Trust 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


Illinois Bank & Trust Locations


Financial Details

Illinois Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Illinois Bank & Trust. 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
Illinois Bank & Trust U.S. Bank Average
4.02% 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, Illinois Bank & Trust had $3,298,000 in non-current loans and $2,417,000 in owned real estate. To cover these potential losses it had $132,478,000 in equity and $9,710,000 in loans loss reserves. That gives it a Texas Ratio of 4.02%.

Return on Equity
Illinois Bank & Trust U.S. Bank Average
8.05% 7.80%

Illinois Bank & Trust has a Return on Equity of 8.05% 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
Illinois Bank & Trust U.S. Bank Average
10.22% 12.68%

Illinois Bank & Trust has a Capitalization of 10.22% 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.

Illinois Bank & Trust Balance Sheet Analysis

As of March 31, 2020, Illinois Bank & Trust had assets of $1,295,984,000, loans of $874,737,000, and deposits of $1,139,945,000. 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 $ 21.79 million
Interest-bearing balances $ 8.15 million
Total securities $ 330.64 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 874.74 million
Loan loss allowance $ 9.71 million
Trading account assets $ 3.69 million
Bank premises and fixed assets N.A.
Other real estate owned $ 2.42 million
Goodwill and other intangibles $ 20.95 million
All other assets $ 26.00 million
     Total Assets $ 1,163.51 million
LIABILITIES
Total deposits $ 1,139.95 million
      Interest-bearing deposits $ 793.85 million
      Deposits held in domestic offices $ 1,139.95 million
      % insured (estimated) 82.44%
Federal funds purchased and repurchase agreements $ 12.41 million
Trading liabilities $ 3.69 million
Other borrowed funds $ 0.43 million
Subordinated debt N.A.
All other liabilities $ 7.03 million
      Total Liabilities $ 1,163.51 million
      Shareholders’ Equity $ 132.48 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 12.66 million
Total Interest Expense $ 1.94 million
Net interest income $ 10.71 million
Provision for loan and lease losses $ 0.89 million
Total non interest income $ 2.62 million
Total non interest expense $ 9.18 million
Pre-tax Net Operating Income $ 3.26 million

Bank Loan Profile?

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

Compared to other banks in Illinois, Illinois Bank & Trust has a significantly higher percent of Small Business Loans, Construction and Development Loans, 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 15.62
Multifamily
Mortgages
3.74
Credit Card Loans 0.05
Consumer Auto Loans 0.75
Small Business Loans 9.06
Construction and Development Loans 9.05
Commercial Real Estate 33.05
Commercial and Industrial Loans 28.66
Farm Loans 0.23

Frequently Asked Questions About Illinois Bank & Trust

Branches and Savings

Is Illinois Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #34076.

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

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

Why are Illinois Bank & Trust CD rates not competitive?

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

Is Illinois Bank & Trust a commercial bank?

Yes

Where are Illinois Bank & Trust locations?

See branch locations nearby.

Is Illinois Bank & Trust open on Saturdays?

Is Illinois Bank & Trust open on Sundays?

What time does Illinois Bank & Trust open?

What time does Illinois Bank & Trust close?

Are Illinois Bank & Trust ATMs Open 24/7?

Do Illinois Bank & Trust ATMs accept cash deposits?

Can Illinois Bank & Trust customers use other ATMs?

Do Illinois Bank & Trust branches have notaries?

Will Illinois Bank & Trust notarize my document?

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

Will the Illinois Bank & Trust branch print checks?

Do Illinois Bank & Trust checks expire?

Does Illinois Bank & Trust require US citizenship to open account?

Can Illinois Bank & Trust close my account?

Does Illinois Bank & Trust Report to credit bureaus?

Does Illinois Bank & Trust Use Equifax?

What is Illinois Bank & Trust's ACH Routing Number?

What is Illinois Bank & Trust's SWIFT code?

Products

Does Illinois Bank & Trust offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Illinois Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Illinois Bank & Trust offer student loans?

Will Illinois Bank & Trust cash a check?

Will Illinois Bank & Trust redeem a savings bond?

Does Illinois Bank & Trust cash savings bonds?

Will Illinois Bank & Trust cash money orders?

Can Illinois Bank & Trust issue a money order?

Does Illinois Bank & Trust do currency exchange?

Background on The Bank

Who owns Illinois Bank & Trust?

How long has Illinois Bank & Trust been around?

Can Illinois Bank & Trust transfer to other banks?

Does Illinois Bank & Trust have quick pay?

Does Illinois Bank & Trust accept rolled coins?

Will Illinois Bank & Trust accept loose change?

Where is Illinois Bank & Trust headquarters?

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