Philo Exchange Bank

Headquarters

102 West Washington Street
Philo, IL 61864
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.40% →
1-Year CD 0.55% 1.15% →
2-Year CD 0.85% 1.26% →
5-Year CD N.A. 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Philo Exchange Bank is an FDIC insured institution located in Philo, IL. It was founded in 1883 and has approximately $0.11 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 5722
Date Established 1883
Assets $ 105.34 million
Loans $ 68.91 million
Deposits $ 87.33 million
Capital $ 12.73 million
 

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

Deposit Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $1 - Learn More
Money Market
0.20% $2,500 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.30% $1,000 - Learn More
6 Mo CD
0.40% $1,000 - Learn More
12 Mo CD
0.55% $1,000 - Learn More
18 Mo CD
0.70% $1,000 - Learn More
24 Mo CD
0.85% $5,000 - Learn More
30 Mo CD
0.90% $5,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.70% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.70% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 - Learn MoreShow Less

Loan Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Philo Exchange 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
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
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Note to Philo Exchange Bank
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Branches

Philo Exchange 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


Philo Exchange Bank Locations


Financial Details

Philo Exchange Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Philo Exchange 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
Philo Exchange Bank U.S. Bank Average
2.8% 6.51%

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 December 31, 2019, Philo Exchange Bank had $377,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $12,733,000 in equity and $734,000 in loans loss reserves. That gives it a Texas Ratio of 2.8%.

Return on Equity
Philo Exchange Bank U.S. Bank Average
11.18% 9.41%

Philo Exchange Bank has a Return on Equity of 11.18% versus the BestCashCow average of 9.41%. 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
Philo Exchange Bank U.S. Bank Average
12.09% 12.82%

Philo Exchange Bank has a Capitalization of 12.09% versus the BestCashCow average of 12.82. 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.

Philo Exchange Bank Balance Sheet Analysis

As of December 31, 2019, Philo Exchange Bank had assets of $105,336,000, loans of $68,905,000, and deposits of $87,329,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 7.59 million
Interest-bearing balances $ 3.26 million
Total securities $ 24.37 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 68.91 million
Loan loss allowance $ 0.73 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.23 million
All other assets $ 2.55 million
     Total Assets $ 92.60 million
LIABILITIES
Total deposits $ 87.33 million
      Interest-bearing deposits $ 60.64 million
      Deposits held in domestic offices $ 87.33 million
      % insured (estimated) 86.48%
Federal funds purchased and repurchase agreements $ 4.68 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.59 million
      Total Liabilities $ 92.60 million
      Shareholders’ Equity $ 12.73 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 3.65 million
Total Interest Expense $ 0.38 million
Net interest income $ 3.27 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.23 million
Total non interest expense $ 2.15 million
Pre-tax Net Operating Income $ 1.35 million

Bank Loan Profile?

The top three loan types in Philo Exchange Bank’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Multifamily Mortgages.

Compared to other banks in Illinois, Philo Exchange 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 12.91
Multifamily
Mortgages
12.45
Credit Card Loans 0.00
Consumer Auto Loans 1.13
Small Business Loans 1.22
Construction and Development Loans 1.75
Commercial Real Estate 11.04
Commercial and Industrial Loans 3.20
Farm Loans 23.66

Frequently Asked Questions About Philo Exchange Bank

Branches and Savings

Is Philo Exchange Bank FDIC insured?

Yes. It is covered under FDIC Certificate #5722.

Why does Philo Exchange Bank pay such low interest on savings accounts?

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

Why are Philo Exchange Bank CD rates not competitive?

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

Is Philo Exchange Bank a commercial bank?

Yes

Where are Philo Exchange Bank locations?

See branch locations nearby.

Is Philo Exchange Bank open on Saturdays?

Is Philo Exchange Bank open on Sundays?

What time does Philo Exchange Bank open?

What time does Philo Exchange Bank close?

Are Philo Exchange Bank ATMs Open 24/7?

Do Philo Exchange Bank ATMs accept cash deposits?

Can Philo Exchange Bank customers use other ATMs?

Do Philo Exchange Bank branches have notaries?

Will Philo Exchange Bank notarize my document?

What address for Philo Exchange Bank should I put for incoming ACH transfers?

Will the Philo Exchange Bank branch print checks?

Do Philo Exchange Bank checks expire?

Does Philo Exchange Bank require US citizenship to open account?

Can Philo Exchange Bank close my account?

Does Philo Exchange Bank Report to credit bureaus?

Does Philo Exchange Bank Use Equifax?

What is Philo Exchange Bank's ACH Routing Number?

What is Philo Exchange Bank's SWIFT code?

Products

Does Philo Exchange Bank offer mortgages?

Compare mortgage rates here.

Does Philo Exchange Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Philo Exchange Bank offer personal loans?

Compare personal loan rates here.

Does Philo Exchange Bank offer student loans?

Will Philo Exchange Bank cash a check?

Will Philo Exchange Bank redeem a savings bond?

Does Philo Exchange Bank cash savings bonds?

Will Philo Exchange Bank cash money orders?

Can Philo Exchange Bank issue a money order?

Does Philo Exchange Bank do currency exchange?

Background on The Bank

Who owns Philo Exchange Bank?

How long has Philo Exchange Bank been around?

Can Philo Exchange Bank transfer to other banks?

Does Philo Exchange Bank have quick pay?

Does Philo Exchange Bank accept rolled coins?

Will Philo Exchange Bank accept loose change?

Where is Philo Exchange Bank headquarters?

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