Old Second National Bank

Headquarters

37-39 South River Street
Aurora, IL 60506
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.10% 1.05% →
2-Year CD 0.30% 1.11% →
5-Year CD 1.00% 1.56% →
30-Year Mortgage 4.42% 3.09% →
15-Year Mortgage 4.15% 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Old Second National Bank is an FDIC insured institution located in Aurora, IL. It was founded in 1887 and has approximately $2.66 billion in assets. Customers can open an account at one of its 26 branches.

FDIC Insured Yes
FDIC Certificate # 3603
Date Established 1887
Assets $ 2.66 billion
Loans $ 1,937.21 million
Deposits $ 2.24 billion
Capital $ 317.22 million
 

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

Deposit Rates - August 12, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $1 - Learn More
Money Market
0.05% $5,000 $24,999 Learn More
Money Market
0.10% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $1,000 $99,999 Learn More
3 Mo CD
0.05% $100,000 - Learn More
6 Mo CD
0.05% $1,000 $99,999 Learn More
6 Mo CD
0.05% $100,000 - Learn More
Special: 9 Mo CD
0.50% $1,000 $1,000,000 Learn More
12 Mo CD
0.10% $1,000 $99,999 Learn More
12 Mo CD
0.10% $100,000 - Learn More
18 Mo CD
0.30% $1,000 $99,999 Learn More
18 Mo CD
0.30% $100,000 - Learn More
0.30% $1,000 $99,999 Learn More
24 Mo CD
0.30% $100,000 - Learn More
0.35% $1,000 $99,999 Learn More
30 Mo CD
0.35% $100,000 - Learn More
36 Mo CD
0.55% $1,000 $99,999 Learn More
36 Mo CD
0.55% $100,000 - Learn More
0.60% $1,000 $99,999 Learn More
48 Mo CD
0.60% $100,000 - Learn More
1.00% $1,000 $99,999 Learn More
60 Mo CD
1.00% $100,000 - Learn More


Loan Rates - August 12, 2020

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 5.23% 5.23% $751.86
4 Year 5.23% 5.23% $578.34
5 Year 5.23% 5.23% $474.42
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Old Second National 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:
Ashburn,Virginia


Old Second National Bank Locations


Financial Details

Old Second National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Old Second National 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
Old Second National Bank U.S. Bank Average
7.47% 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, Old Second National Bank had $20,903,000 in non-current loans and $5,049,000 in owned real estate. To cover these potential losses it had $317,223,000 in equity and $30,045,000 in loans loss reserves. That gives it a Texas Ratio of 7.47%.

Return on Equity
Old Second National Bank U.S. Bank Average
3.04% 7.80%

Old Second National Bank has a Return on Equity of 3.04% 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
Old Second National Bank U.S. Bank Average
11.93% 12.68%

Old Second National Bank has a Capitalization of 11.93% 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.

Old Second National Bank Balance Sheet Analysis

As of March 31, 2020, Old Second National Bank had assets of $2,658,061,000, loans of $1,937,208,000, and deposits of $2,236,386,000. 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 $ 73.14 million
Interest-bearing balances $ 45.51 million
Total securities $ 449.69 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,937.21 million
Loan loss allowance $ 30.05 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 5.05 million
Goodwill and other intangibles $ 25.25 million
All other assets $ 123.14 million
     Total Assets $ 2.34 billion
LIABILITIES
Total deposits $ 2.24 billion
      Interest-bearing deposits $ 2.02 billion
      Deposits held in domestic offices $ 2.24 billion
      % insured (estimated) 76.38%
Federal funds purchased and repurchase agreements $ 51.24 million
Trading liabilities N.A.
Other borrowed funds $ 12.98 million
Subordinated debt N.A.
All other liabilities $ 40.23 million
      Total Liabilities $ 2.34 billion
      Shareholders’ Equity $ 317.22 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 27.43 million
Total Interest Expense $ 2.69 million
Net interest income $ 24.75 million
Provision for loan and lease losses $ 7.98 million
Total non interest income $ 6.22 million
Total non interest expense $ 19.75 million
Pre-tax Net Operating Income $ 3.23 million

Bank Loan Profile?

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

Compared to other banks in Illinois, Old Second National 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 17.22
Multifamily
Mortgages
10.08
Credit Card Loans 0.00
Consumer Auto Loans 0.04
Small Business Loans 8.11
Construction and Development Loans 4.03
Commercial Real Estate 43.18
Commercial and Industrial Loans 24.04
Farm Loans 0.49

Frequently Asked Questions About Old Second National Bank

Branches and Savings

Is Old Second National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #3603.

Why does Old Second National Bank pay such low interest on savings accounts?

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

Why are Old Second National Bank CD rates not competitive?

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

Is Old Second National Bank a commercial bank?

Yes

Where are Old Second National Bank locations?

See branch locations nearby.

Is Old Second National Bank open on Saturdays?

Is Old Second National Bank open on Sundays?

What time does Old Second National Bank open?

What time does Old Second National Bank close?

Are Old Second National Bank ATMs Open 24/7?

Do Old Second National Bank ATMs accept cash deposits?

Can Old Second National Bank customers use other ATMs?

Do Old Second National Bank branches have notaries?

Will Old Second National Bank notarize my document?

What address for Old Second National Bank should I put for incoming ACH transfers?

Will the Old Second National Bank branch print checks?

Do Old Second National Bank checks expire?

Does Old Second National Bank require US citizenship to open account?

Can Old Second National Bank close my account?

Does Old Second National Bank Report to credit bureaus?

Does Old Second National Bank Use Equifax?

What is Old Second National Bank's ACH Routing Number?

What is Old Second National Bank's SWIFT code?

Products

Does Old Second National Bank offer mortgages?

Compare mortgage rates here.

Does Old Second National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Old Second National Bank offer personal loans?

Compare personal loan rates here.

Does Old Second National Bank offer student loans?

Will Old Second National Bank cash a check?

Will Old Second National Bank redeem a savings bond?

Does Old Second National Bank cash savings bonds?

Will Old Second National Bank cash money orders?

Can Old Second National Bank issue a money order?

Does Old Second National Bank do currency exchange?

Background on The Bank

Who owns Old Second National Bank?

How long has Old Second National Bank been around?

Can Old Second National Bank transfer to other banks?

Does Old Second National Bank have quick pay?

Does Old Second National Bank accept rolled coins?

Will Old Second National Bank accept loose change?

Where is Old Second National Bank headquarters?

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