Itasca Bank & Trust Co.

308 W. Irving Park Road
Itasca, IL 60143

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16666
Date Established 1948
Assets $0.56 billion
Loans $0.40 billion
Deposits $0.50 billion
Capital $0.05 billion

Itasca Bank & Trust Co. is an FDIC insured institution located in Itasca, IL. It was founded in 1948 and has approximately $0.56 billion in assets. Customers can open an account at one of its 2 branches.

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

Deposit Rates - August 18, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $2,500 - Learn MoreShow Less
CD Rates APY MIN MAX
0.20% $1,000 $99,999 Learn MoreShow Less
3 Mo CD
0.30% $100,000 - Learn MoreShow Less
0.30% $1,000 $99,999 Learn MoreShow Less
6 Mo CD
0.35% $100,000 - Learn MoreShow Less
1.00% $1,000 $99,999 Learn MoreShow Less
12 Mo CD
1.06% $100,000 - Learn MoreShow Less
1.11% $1,000 $99,999 Learn MoreShow Less
18 Mo CD
1.16% $100,000 - Learn MoreShow Less
1.41% $1,000 $99,999 Learn MoreShow Less
24 Mo CD
1.46% $100,000 - Learn MoreShow Less
1.51% $1,000 $99,999 Learn MoreShow Less
1.71% $1,000 $99,999 Learn MoreShow Less
1.76% $100,000 $9,999,999 Learn MoreShow Less
60 Mo CD
1.92% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
1.00% $1,000 $99,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.11% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - August 18, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Itasca Bank & Trust Co.

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.414% 3.375% 0.50 $1,238 $1,106 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Itasca Bank & Trust Co.
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Branches

Itasca Bank & Trust Co. 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:
Ashburn,Virginia


Itasca Bank & Trust Co. Locations


Financial Details

Itasca Bank & Trust Co. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Itasca Bank & Trust Co.. 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
Itasca Bank & Trust Co. U.S. Bank Average
0.94% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Itasca Bank & Trust Co. had $70,000 in non-current loans and $475,000 in owned real estate. To cover these potential losses it had $53,279,000 in equity and $4,951,000 in loans loss reserves. That gives it a Texas Ratio of 0.94%.

Return on Equity
Itasca Bank & Trust Co. U.S. Bank Average
13% 9.47%

Itasca Bank & Trust Co. has a Return on Equity of 13% versus the BestCashCow average of 9.47%. 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
Itasca Bank & Trust Co. U.S. Bank Average
9.53% 12.49%

Itasca Bank & Trust Co. has a Capitalization of 9.53% versus the BestCashCow average of 12.49. 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.

Itasca Bank & Trust Co. Balance Sheet Analysis

As of March 31, 2019, Itasca Bank & Trust Co. had assets of $559,316,000, loans of $401,519,000, and deposits of $500,328,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.04 billion
Total securities $0.10 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.40 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.51 billion
LIABILITIES
Total deposits $0.50 billion
      Interest-bearing deposits $0.34 billion
      Deposits held in domestic offices $0.50 billion
      % insured (estimated) 72.00%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.51 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks in Illinois, Itasca Bank & Trust Co. has a significantly higher percent of Commercial Real Estate, 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 22.63
Multifamily
Mortgages
5.34
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 0.00
Construction and Development Loans 3.14
Commercial Real Estate 38.95
Commercial and Industrial Loans 29.85
Farm Loans 0.00

Frequently Asked Questions About Itasca Bank & Trust Co.

Branches and Savings

Is Itasca Bank & Trust Co. FDIC insured?

Yes. It is covered under FDIC Certificate #16666.

Why does Itasca Bank & Trust Co. pay such low interest on savings accounts?

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

Why are Itasca Bank & Trust Co. CD rates not competitive?

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

Is Itasca Bank & Trust Co. a commercial bank?

Yes

Where are Itasca Bank & Trust Co. locations?

See branch locations nearby.

Is Itasca Bank & Trust Co. open on Saturdays?

Is Itasca Bank & Trust Co. open on Sundays?

What time does Itasca Bank & Trust Co. open?

What time does Itasca Bank & Trust Co. close?

Are Itasca Bank & Trust Co. ATMs Open 24/7?

Do Itasca Bank & Trust Co. ATMs accept cash deposits?

Can Itasca Bank & Trust Co. customers use other ATMs?

Do Itasca Bank & Trust Co. branches have notaries?

Will Itasca Bank & Trust Co. notarize my document?

What address for Itasca Bank & Trust Co. should I put for incoming ACH transfers?

Will the Itasca Bank & Trust Co. branch print checks?

Do Itasca Bank & Trust Co. checks expire?

Does Itasca Bank & Trust Co. require US citizenship to open account?

Can Itasca Bank & Trust Co. close my account?

Does Itasca Bank & Trust Co. Report to credit bureaus?

Does Itasca Bank & Trust Co. Use Equifax?

What is Itasca Bank & Trust Co.'s ACH Routing Number?

What is Itasca Bank & Trust Co.'s SWIFT code?

Products

Does Itasca Bank & Trust Co. offer mortgages?

Compare mortgage rates here.

Does Itasca Bank & Trust Co. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Itasca Bank & Trust Co. offer personal loans?

Compare personal loan rates here.

Does Itasca Bank & Trust Co. offer student loans?

Will Itasca Bank & Trust Co. cash a check?

Will Itasca Bank & Trust Co. redeem a savings bond?

Does Itasca Bank & Trust Co. cash savings bonds?

Will Itasca Bank & Trust Co. cash money orders?

Can Itasca Bank & Trust Co. issue a money order?

Does Itasca Bank & Trust Co. do currency exchange?

Background on The Bank

Who owns Itasca Bank & Trust Co.?

How long has Itasca Bank & Trust Co. been around?

Can Itasca Bank & Trust Co. transfer to other banks?

Does Itasca Bank & Trust Co. have quick pay?

Does Itasca Bank & Trust Co. accept rolled coins?

Will Itasca Bank & Trust Co. accept loose change?

Where is Itasca Bank & Trust Co. headquarters?

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