The Fairfield National Bank

220 East Main Street
Fairfield, IL 62837

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 3792
Date Established 1903
Assets $0.57 billion
Loans $0.35 billion
Deposits $0.35 billion
Capital $0.06 billion

The Fairfield National Bank is an FDIC insured institution located in Fairfield, IL. It was founded in 1903 and has approximately $0.57 billion in assets. Customers can open an account at one of its 3 branches.

For a more detailed analysis of The Fairfield National Bank'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 Fairfield National Bank’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Farm Loans.

Compared to other banks in Illinois, The Fairfield National Bank has a significantly higher percent of Commercial and Industrial 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 18.19
Multifamily
Mortgages
0.19
Credit Card Loans 0.00
Consumer Auto Loans 2.13
Small Business Loans 3.38
Construction and Development Loans 0.30
Commercial Real Estate 9.66
Commercial and Industrial Loans 38.81
Farm Loans 10.51

Deposit Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.03% $2,500 $9,999 Learn MoreShow Less
Money Market
0.05% $10,000 $49,999 Learn MoreShow Less
Premium Money Market Account
0.05% $1 $24,999 Learn MoreShow Less
Premium Money Market Account
0.09% $25,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
1.65% $10,000 $49,999 Learn MoreShow Less
3 Mo CD
1.75% $100,000 - Learn MoreShow Less
1.70% $10,000 $49,999 Learn MoreShow Less
6 Mo CD
1.80% $100,000 - Learn MoreShow Less
1.81% $10,000 $49,999 Learn MoreShow Less
12 Mo CD
1.91% $100,000 - Learn MoreShow Less
1.91% $10,000 $49,999 Learn MoreShow Less
18 Mo CD
2.00% $100,000 - Learn MoreShow Less
2.11% $10,000 $49,999 Learn MoreShow Less
24 Mo CD
2.21% $100,000 - Learn MoreShow Less
2.21% $10,000 $49,999 Learn MoreShow Less
2.31% $10,000 $49,999 Learn MoreShow Less
36 Mo CD
2.41% $100,000 - Learn MoreShow Less
2.41% $10,000 $49,999 Learn MoreShow Less
48 Mo CD
2.52% $100,000 - Learn MoreShow Less
2.67% $10,000 $49,999 Learn MoreShow Less
60 Mo CD
2.77% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
2.47% $500 $9,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
1.96% $100 $9,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1 $999 Learn MoreShow Less
Int Ckg
0.24% $1,000 $9,999 Learn MoreShow Less

Loan Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Fairfield National 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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 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 Fairfield National Bank
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Branches

The Fairfield 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


The Fairfield National Bank Locations


Financial Details

The Fairfield National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Fairfield 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
The Fairfield National Bank U.S. Bank Average
5.38% 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 Fairfield National Bank had $3,142,000 in non-current loans and $311,000 in owned real estate. To cover these potential losses it had $62,696,000 in equity and $1,506,000 in loans loss reserves. That gives it a Texas Ratio of 5.38%.

Return on Equity
The Fairfield National Bank U.S. Bank Average
11.12% 8.80%

The Fairfield National Bank has a Return on Equity of 11.12% 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 Fairfield National Bank U.S. Bank Average
11.03% 12.29%

The Fairfield National Bank has a Capitalization of 11.03% 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 Fairfield National Bank Balance Sheet Analysis

As of December 31, 2018, The Fairfield National Bank had assets of $568,370,000, loans of $350,681,000, and deposits of $352,063,000. 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 $0.18 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.35 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 $0.01 billion
All other assets $0.02 billion
     Total Assets $0.51 billion
LIABILITIES
Total deposits $0.35 billion
      Interest-bearing deposits $0.33 billion
      Deposits held in domestic offices $0.35 billion
      % insured (estimated) 88.35%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.14 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.51 billion
      Shareholders’ Equity $0.06 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.01 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 $0.01 billion

Frequently Asked Questions About The Fairfield National Bank

Branches and Savings

Is The Fairfield National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #3792.

Why does The Fairfield 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 The Fairfield National Bank CD rates not competitive?

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

Is The Fairfield National Bank a commercial bank?

Yes

Where are The Fairfield National Bank locations?

See branch locations nearby.

Is The Fairfield National Bank open on Saturdays?

Is The Fairfield National Bank open on Sundays?

What time does The Fairfield National Bank open?

What time does The Fairfield National Bank close?

Are The Fairfield National Bank ATMs Open 24/7?

Do The Fairfield National Bank ATMs accept cash deposits?

Can The Fairfield National Bank customers use other ATMs?

Do The Fairfield National Bank branches have notaries?

Will The Fairfield National Bank notarize my document?

What address for The Fairfield National Bank should I put for incoming ACH transfers?

Will the The Fairfield National Bank branch print checks?

Do The Fairfield National Bank checks expire?

Does The Fairfield National Bank require US citizenship to open account?

Can The Fairfield National Bank close my account?

Does The Fairfield National Bank Report to credit bureaus?

Does The Fairfield National Bank Use Equifax?

What is The Fairfield National Bank's ACH Routing Number?

What is The Fairfield National Bank's SWIFT code?

Products

Does The Fairfield National Bank offer mortgages?

Compare mortgage rates here.

Does The Fairfield National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Fairfield National Bank offer personal loans?

Compare personal loan rates here.

Does The Fairfield National Bank offer student loans?

Will The Fairfield National Bank cash a check?

Will The Fairfield National Bank redeem a savings bond?

Does The Fairfield National Bank cash savings bonds?

Will The Fairfield National Bank cash money orders?

Can The Fairfield National Bank issue a money order?

Does The Fairfield National Bank do currency exchange?

Background on The Bank

Who owns The Fairfield National Bank?

How long has The Fairfield National Bank been around?

Can The Fairfield National Bank transfer to other banks?

Does The Fairfield National Bank have quick pay?

Does The Fairfield National Bank accept rolled coins?

Will The Fairfield National Bank accept loose change?

Where is The Fairfield National Bank headquarters?

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