The Bank of Herrin

101 South Park Avenue
Herrin, IL 62948

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 11310
Date Established 1904
Assets $0.25 billion
Loans $0.18 billion
Deposits $0.22 billion
Capital $0.03 billion

The Bank of Herrin is an FDIC insured institution located in Herrin, IL. It was founded in 1904 and has approximately $0.25 billion in assets. Customers can open an account at one of its 5 branches.

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

Bank Loan Profile?

The top three loan types in The Bank of Herrin’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Illinois, The Bank of Herrin 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 20.05
Multifamily
Mortgages
4.54
Credit Card Loans 0.00
Consumer Auto Loans 1.19
Small Business Loans 24.42
Construction and Development Loans 3.37
Commercial Real Estate 54.66
Commercial and Industrial Loans 14.20
Farm Loans 0.18

Deposit Rates - June 16, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $2,500 $24,999 Learn MoreShow Less
Money Market
0.25% $25,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $1,000 - Learn MoreShow Less
6 Mo CD
0.15% $1,000 - Learn MoreShow Less
Special: 11 Mo CD
1.40% $1,000 - Learn MoreShow Less
12 Mo CD
0.25% $1,000 - Learn MoreShow Less
Special: 17 Mo CD
1.90% $1,000 - Learn MoreShow Less
18 Mo CD
0.50% $1,000 - Learn MoreShow Less
24 Mo CD
0.60% $1,000 - Learn MoreShow Less
30 Mo CD
0.70% $1,000 - Learn MoreShow Less
36 Mo CD
0.65% $1,000 - Learn MoreShow Less
48 Mo CD
0.90% $1,000 - Learn MoreShow Less
60 Mo CD
1.10% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.25% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 $2,499 Learn MoreShow Less
Int Ckg
0.15% $2,500 - Learn MoreShow Less

Loan Rates - June 16, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Bank of Herrin

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
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 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
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

Note to The Bank of Herrin
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Branches

The Bank of Herrin 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


The Bank of Herrin Locations


Financial Details

The Bank of Herrin Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Bank of Herrin. 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
The Bank of Herrin U.S. Bank Average
11.59% 6.97%

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 December 31, 2018, The Bank of Herrin had $2,433,000 in non-current loans and $700,000 in owned real estate. To cover these potential losses it had $25,275,000 in equity and $1,748,000 in loans loss reserves. That gives it a Texas Ratio of 11.59%.

Return on Equity
The Bank of Herrin U.S. Bank Average
13.56% 8.80%

The Bank of Herrin has a Return on Equity of 13.56% versus the BestCashCow average of 8.80%. 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
The Bank of Herrin U.S. Bank Average
10.19% 12.29%

The Bank of Herrin has a Capitalization of 10.19% versus the BestCashCow average of 12.29. 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.

The Bank of Herrin Balance Sheet Analysis

As of December 31, 2018, The Bank of Herrin had assets of $247,938,000, loans of $176,124,000, and deposits of $219,164,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.18 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 $0.00 billion
     Total Assets $0.22 billion
LIABILITIES
Total deposits $0.22 billion
      Interest-bearing deposits $0.19 billion
      Deposits held in domestic offices $0.22 billion
      % insured (estimated) 81.30%
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 $0.00 billion
      Total Liabilities $0.22 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

December 31, 2018
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 $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About The Bank Of Herrin

Branches and Savings

Is The Bank Of Herrin FDIC insured?

Yes. It is covered under FDIC Certificate #11310.

Why does The Bank Of Herrin pay such low interest on savings accounts?

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

Why are The Bank Of Herrin CD rates not competitive?

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

Is The Bank Of Herrin a commercial bank?

Yes

Where are The Bank Of Herrin locations?

See branch locations nearby.

Is The Bank Of Herrin open on Saturdays?

Is The Bank Of Herrin open on Sundays?

What time does The Bank Of Herrin open?

What time does The Bank Of Herrin close?

Are The Bank Of Herrin ATMs Open 24/7?

Do The Bank Of Herrin ATMs accept cash deposits?

Can The Bank Of Herrin customers use other ATMs?

Do The Bank Of Herrin branches have notaries?

Will The Bank Of Herrin notarize my document?

What address for The Bank Of Herrin should I put for incoming ACH transfers?

Will the The Bank Of Herrin branch print checks?

Do The Bank Of Herrin checks expire?

Does The Bank Of Herrin require US citizenship to open account?

Can The Bank Of Herrin close my account?

Does The Bank Of Herrin Report to credit bureaus?

Does The Bank Of Herrin Use Equifax?

What is The Bank Of Herrin's ACH Routing Number?

What is The Bank Of Herrin's SWIFT code?

Products

Does The Bank Of Herrin offer mortgages?

Compare mortgage rates here.

Does The Bank Of Herrin offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Bank Of Herrin offer personal loans?

Compare personal loan rates here.

Does The Bank Of Herrin offer student loans?

Will The Bank Of Herrin cash a check?

Will The Bank Of Herrin redeem a savings bond?

Does The Bank Of Herrin cash savings bonds?

Will The Bank Of Herrin cash money orders?

Can The Bank Of Herrin issue a money order?

Does The Bank Of Herrin do currency exchange?

Background on The Bank

Who owns The Bank Of Herrin?

How long has The Bank Of Herrin been around?

Can The Bank Of Herrin transfer to other banks?

Does The Bank Of Herrin have quick pay?

Does The Bank Of Herrin accept rolled coins?

Will The Bank Of Herrin accept loose change?

Where is The Bank Of Herrin headquarters?

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