Nokomis Savings Bank


100 West State Street
Nokomis, IL 62075
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Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 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

Nokomis Savings Bank is an FDIC insured institution located in Nokomis, IL. It was founded in 1881 and has approximately $0.03 billion in assets.

FDIC Insured Yes
FDIC Certificate # 29532
Date Established 1881
Assets $ 30.11 million
Loans $ 18.64 million
Deposits $ 19.90 million
Capital $ 4.87 million

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

Deposit Rates - September 28, 2020

Your Current Location: Virginia, VA 20146

Loan Rates - September 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Nokomis Savings Bank

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 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More

Featured - Virginia 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 Nokomis Savings Bank
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Financial Details

Nokomis Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Nokomis Savings Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Nokomis Savings Bank U.S. Bank Average
1.71% 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, Nokomis Savings Bank had $85,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $4,871,000 in equity and $95,000 in loans loss reserves. That gives it a Texas Ratio of 1.71%.

Return on Equity
Nokomis Savings Bank U.S. Bank Average
1.29% 7.80%

Nokomis Savings Bank has a Return on Equity of 1.29% 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.

Nokomis Savings Bank U.S. Bank Average
16.18% 12.68%

Nokomis Savings Bank has a Capitalization of 16.18% 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.

Nokomis Savings Bank Balance Sheet Analysis

As of March 31, 2020, Nokomis Savings Bank had assets of $30,111,000, loans of $18,642,000, and deposits of $19,898,000. 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
Cash & Balances due from depository institutions $ 2.23 million
Interest-bearing balances $ 1.89 million
Total securities $ 8.57 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 18.64 million
Loan loss allowance $ 0.10 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 $ 0.48 million
     Total Assets $ 25.24 million
Total deposits $ 19.90 million
      Interest-bearing deposits $ 19.20 million
      Deposits held in domestic offices $ 19.90 million
      % insured (estimated) 99.07%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 5.25 million
Subordinated debt N.A.
All other liabilities $ 0.09 million
      Total Liabilities $ 25.24 million
      Shareholders’ Equity $ 4.87 million

Summary Income Statement

March 31, 2020
Total Interest Income $ 0.28 million
Total Interest Expense $ 0.09 million
Net interest income $ 0.19 million
Provision for loan and lease losses $ 0.00 million
Total non interest income $ 0.01 million
Total non interest expense $ 0.16 million
Pre-tax Net Operating Income $ 0.04 million

Bank Loan Profile?

The top three loan types in Nokomis Savings Bank’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Illinois, Nokomis Savings 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 29.76
Credit Card Loans 0.00
Consumer Auto Loans 5.72
Small Business Loans 0.77
Construction and Development Loans 1.90
Commercial Real Estate 0.77
Commercial and Industrial Loans 16.58
Farm Loans 43.20

Frequently Asked Questions About Nokomis Savings Bank

Branches and Savings

Is Nokomis Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29532.

Why does Nokomis 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 Nokomis Savings Bank CD rates not competitive?

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

Is Nokomis Savings Bank a commercial bank?


Where are Nokomis Savings Bank locations?

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Is Nokomis Savings Bank open on Saturdays?

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Are Nokomis Savings Bank ATMs Open 24/7?

Do Nokomis Savings Bank ATMs accept cash deposits?

Can Nokomis Savings Bank customers use other ATMs?

Do Nokomis Savings Bank branches have notaries?

Will Nokomis Savings Bank notarize my document?

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

Will the Nokomis Savings Bank branch print checks?

Do Nokomis Savings Bank checks expire?

Does Nokomis Savings Bank require US citizenship to open account?

Can Nokomis Savings Bank close my account?

Does Nokomis Savings Bank Report to credit bureaus?

Does Nokomis Savings Bank Use Equifax?

What is Nokomis Savings Bank's ACH Routing Number?

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Does Nokomis Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Nokomis Savings Bank offer personal loans?

Compare personal loan rates here.

Does Nokomis Savings Bank offer student loans?

Will Nokomis Savings Bank cash a check?

Will Nokomis Savings Bank redeem a savings bond?

Does Nokomis Savings Bank cash savings bonds?

Will Nokomis Savings Bank cash money orders?

Can Nokomis Savings Bank issue a money order?

Does Nokomis Savings Bank do currency exchange?

Background on The Bank

Who owns Nokomis Savings Bank?

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Can Nokomis Savings Bank transfer to other banks?

Does Nokomis Savings Bank have quick pay?

Does Nokomis Savings Bank accept rolled coins?

Will Nokomis Savings Bank accept loose change?

Where is Nokomis Savings Bank headquarters?

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