Palmer Bank


620 North Webster
Taylorville, IL 62568
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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

Palmer Bank is an FDIC insured institution located in Taylorville, IL. It was founded in 1912 and has approximately $0.09 billion in assets.

FDIC Insured Yes
FDIC Certificate # 12103
Date Established 1912
Assets $ 94.96 million
Loans $ 45.79 million
Deposits $ 85.17 million
Capital $ 7.85 million

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Palmer 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
Learn More
NMLS ID: 2890
License#: 13256
2.570% 2.500% 0.88 $2,312 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

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


Palmer 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:

Palmer Bank Locations

Financial Details

Palmer Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Palmer 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
Palmer Bank U.S. Bank Average
21.7% 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, Palmer Bank had $1,410,000 in non-current loans and $414,000 in owned real estate. To cover these potential losses it had $7,854,000 in equity and $551,000 in loans loss reserves. That gives it a Texas Ratio of 21.7%.

Return on Equity
Palmer Bank U.S. Bank Average
11.51% 7.80%

Palmer Bank has a Return on Equity of 11.51% 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.

Palmer Bank U.S. Bank Average
8.27% 12.68%

Palmer Bank has a Capitalization of 8.27% 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.

Palmer Bank Balance Sheet Analysis

As of June 30, 2011, Palmer Bank had assets of $94,958,000, loans of $45,786,000, and deposits of $85,165,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 45.79 million
Loan loss allowance $ 0.55 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.41 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 85.17 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 94.96 million

Summary Income Statement

March 31, 2020
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Palmer Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Palmer Bank’s loan portfolio does not show any specific loan specialty.

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 0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Palmer Bank

Branches and Savings

Is Palmer Bank FDIC insured?

Yes. It is covered under FDIC Certificate #12103.

Why does Palmer Bank pay such low interest on savings accounts?

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

Why are Palmer Bank CD rates not competitive?

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

Is Palmer Bank a commercial bank?


Where are Palmer Bank locations?

See branch locations nearby.

Is Palmer Bank open on Saturdays?

Is Palmer Bank open on Sundays?

What time does Palmer Bank open?

What time does Palmer Bank close?

Are Palmer Bank ATMs Open 24/7?

Do Palmer Bank ATMs accept cash deposits?

Can Palmer Bank customers use other ATMs?

Do Palmer Bank branches have notaries?

Will Palmer Bank notarize my document?

What address for Palmer Bank should I put for incoming ACH transfers?

Will the Palmer Bank branch print checks?

Do Palmer Bank checks expire?

Does Palmer Bank require US citizenship to open account?

Can Palmer Bank close my account?

Does Palmer Bank Report to credit bureaus?

Does Palmer Bank Use Equifax?

What is Palmer Bank's ACH Routing Number?

What is Palmer Bank's SWIFT code?


Does Palmer Bank offer mortgages?

Compare mortgage rates here.

Does Palmer Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Palmer Bank offer personal loans?

Compare personal loan rates here.

Does Palmer Bank offer student loans?

Will Palmer Bank cash a check?

Will Palmer Bank redeem a savings bond?

Does Palmer Bank cash savings bonds?

Will Palmer Bank cash money orders?

Can Palmer Bank issue a money order?

Does Palmer Bank do currency exchange?

Background on The Bank

Who owns Palmer Bank?

How long has Palmer Bank been around?

Can Palmer Bank transfer to other banks?

Does Palmer Bank have quick pay?

Does Palmer Bank accept rolled coins?

Will Palmer Bank accept loose change?

Where is Palmer Bank headquarters?

Customer Reviews for Palmer Bank

There are currently no comments for Palmer Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →