Iroquois Farmers State Bank

Headquarters

111 W Lincoln St
Iroquois, IL 60945
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.50% 0.95% →
2-Year CD 0.50% 1.05% →
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

Iroquois Farmers State Bank is an FDIC insured institution located in Iroquois, IL. It was founded in 1919 and has approximately $0.11 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 11746
Date Established 1919
Assets $ 112.95 million
Loans $ 64.05 million
Deposits $ 101.62 million
Capital $ 10.66 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
30 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.50% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Iroquois Farmers State 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
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 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
2.990 %
$0 Learn More
More Info

Note to Iroquois Farmers State Bank
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Branches

Iroquois Farmers State 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


Iroquois Farmers State Bank Locations


Financial Details

Iroquois Farmers State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Iroquois Farmers State 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
Iroquois Farmers State Bank U.S. Bank Average
7.37% 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, Iroquois Farmers State Bank had $671,000 in non-current loans and $140,000 in owned real estate. To cover these potential losses it had $10,662,000 in equity and $342,000 in loans loss reserves. That gives it a Texas Ratio of 7.37%.

Return on Equity
Iroquois Farmers State Bank U.S. Bank Average
8.3% 7.80%

Iroquois Farmers State Bank has a Return on Equity of 8.3% 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
Iroquois Farmers State Bank U.S. Bank Average
9.44% 12.68%

Iroquois Farmers State Bank has a Capitalization of 9.44% 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.

Iroquois Farmers State Bank Balance Sheet Analysis

As of March 31, 2020, Iroquois Farmers State Bank had assets of $112,946,000, loans of $64,054,000, and deposits of $101,619,000. 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 $ 13.61 million
Interest-bearing balances $ 12.46 million
Total securities $ 18.26 million
Federal funds sold and reverse repurchase $ 11.57 million
Net loans and leases $ 64.05 million
Loan loss allowance $ 0.34 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.14 million
Goodwill and other intangibles N.A.
All other assets $ 4.47 million
     Total Assets $ 102.28 million
LIABILITIES
Total deposits $ 101.62 million
      Interest-bearing deposits $ 75.13 million
      Deposits held in domestic offices $ 101.62 million
      % insured (estimated) 77.94%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.66 million
      Total Liabilities $ 102.28 million
      Shareholders’ Equity $ 10.66 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.96 million
Total Interest Expense $ 0.10 million
Net interest income $ 0.87 million
Provision for loan and lease losses $ 0.06 million
Total non interest income $ 0.07 million
Total non interest expense $ 0.66 million
Pre-tax Net Operating Income $ 0.22 million

Bank Loan Profile?

The top three loan types in Iroquois Farmers State Bank’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Illinois, Iroquois Farmers State Bank has a significantly higher percent of Farm 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 22.41
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.51
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 6.21
Commercial and Industrial Loans 3.94
Farm Loans 22.70

Frequently Asked Questions About Iroquois Farmers State Bank

Branches and Savings

Is Iroquois Farmers State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #11746.

Why does Iroquois Farmers State Bank pay such low interest on savings accounts?

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

Why are Iroquois Farmers State Bank CD rates not competitive?

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

Is Iroquois Farmers State Bank a commercial bank?

Yes

Where are Iroquois Farmers State Bank locations?

See branch locations nearby.

Is Iroquois Farmers State Bank open on Saturdays?

Is Iroquois Farmers State Bank open on Sundays?

What time does Iroquois Farmers State Bank open?

What time does Iroquois Farmers State Bank close?

Are Iroquois Farmers State Bank ATMs Open 24/7?

Do Iroquois Farmers State Bank ATMs accept cash deposits?

Can Iroquois Farmers State Bank customers use other ATMs?

Do Iroquois Farmers State Bank branches have notaries?

Will Iroquois Farmers State Bank notarize my document?

What address for Iroquois Farmers State Bank should I put for incoming ACH transfers?

Will the Iroquois Farmers State Bank branch print checks?

Do Iroquois Farmers State Bank checks expire?

Does Iroquois Farmers State Bank require US citizenship to open account?

Can Iroquois Farmers State Bank close my account?

Does Iroquois Farmers State Bank Report to credit bureaus?

Does Iroquois Farmers State Bank Use Equifax?

What is Iroquois Farmers State Bank's ACH Routing Number?

What is Iroquois Farmers State Bank's SWIFT code?

Products

Does Iroquois Farmers State Bank offer mortgages?

Compare mortgage rates here.

Does Iroquois Farmers State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Iroquois Farmers State Bank offer personal loans?

Compare personal loan rates here.

Does Iroquois Farmers State Bank offer student loans?

Will Iroquois Farmers State Bank cash a check?

Will Iroquois Farmers State Bank redeem a savings bond?

Does Iroquois Farmers State Bank cash savings bonds?

Will Iroquois Farmers State Bank cash money orders?

Can Iroquois Farmers State Bank issue a money order?

Does Iroquois Farmers State Bank do currency exchange?

Background on The Bank

Who owns Iroquois Farmers State Bank?

How long has Iroquois Farmers State Bank been around?

Can Iroquois Farmers State Bank transfer to other banks?

Does Iroquois Farmers State Bank have quick pay?

Does Iroquois Farmers State Bank accept rolled coins?

Will Iroquois Farmers State Bank accept loose change?

Where is Iroquois Farmers State Bank headquarters?

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