The First National Bank of Ava

304 West Main Street
Ava, IL 62907

Notable Rates APY Vs.Others
Savings 0.21% 2.20% →
1-Year CD 0.45% 2.20% →
2-Year CD 0.75% 2.20% →
5-Year CD 1.61% 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

The First National Bank of Ava is an FDIC insured institution located in Ava, IL. It was founded in 1917 and has approximately $0.06 billion in assets.

FDIC Insured Yes
FDIC Certificate # 3761
Date Established 1917
Assets $0.06 billion
Loans $0.03 billion
Deposits $0.05 billion
Capital $0.01 billion
 

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

Deposit Rates - February 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.12% $2,500 $25,000 Learn MoreShow Less
Money Market
0.20% $25,001 $100,000 Learn MoreShow Less
CD Rates APY MIN MAX
6 Mo CD
0.25% $500 - Learn MoreShow Less
12 Mo CD
0.45% $500 - Learn MoreShow Less
Special: 18 Mo CD
1.81% $500 - Learn MoreShow Less
18 Mo CD
1.81% $500 - Learn MoreShow Less
Special: 21 Mo CD
1.51% $500 - Learn MoreShow Less
24 Mo CD
0.75% $500 - Learn MoreShow Less
30 Mo CD
0.90% $500 - Learn MoreShow Less
36 Mo CD
0.87% $500 - Learn MoreShow Less
Special: 39 Mo CD
1.05% $500 - Learn MoreShow Less
48 Mo CD
1.26% $500 - Learn MoreShow Less
60 Mo CD
1.61% $500 - Learn MoreShow Less

Variable IRA Rates APY MIN MAX
Var IRA
1.77% $250 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $500 - Learn MoreShow Less

Loan Rates - February 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for The First National Bank of Ava

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
3.375% 3.375% 0.00 ($22) $1,106 Learn More
Rocket Mortgage
NMLS ID: 3030
4.668% 4.625% 0.00 $1,250 $1,286 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Eastern Bank
Eastern Bank
4.250 %
$25,000 Learn More
More Info
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to The First National Bank of Ava
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

The First National Bank of Ava 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


The First National Bank of Ava Locations


Financial Details

The First National Bank of Ava Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The First National Bank of Ava. 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 First National Bank of Ava U.S. Bank Average
8.8% 6.70%

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 September 30, 2019, The First National Bank of Ava had $746,000 in non-current loans and $92,000 in owned real estate. To cover these potential losses it had $8,945,000 in equity and $575,000 in loans loss reserves. That gives it a Texas Ratio of 8.8%.

Return on Equity
The First National Bank of Ava U.S. Bank Average
9.41% 9.72%

The First National Bank of Ava has a Return on Equity of 9.41% versus the BestCashCow average of 9.72%. 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 First National Bank of Ava U.S. Bank Average
14.07% 12.89%

The First National Bank of Ava has a Capitalization of 14.07% versus the BestCashCow average of 12.89. 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 First National Bank of Ava Balance Sheet Analysis

As of September 30, 2019, The First National Bank of Ava had assets of $63,576,000, loans of $33,218,000, and deposits of $54,231,000. 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

September 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.03 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 $0.05 billion
LIABILITIES
Total deposits $0.05 billion
      Interest-bearing deposits $0.04 billion
      Deposits held in domestic offices $0.05 billion
      % insured (estimated) 91.35%
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 $0.05 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

September 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in The First National Bank of Ava’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Commercial and Industrial Loans.

Compared to other banks in Illinois, The First National Bank of Ava 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 37.34
Multifamily
Mortgages
0.58
Credit Card Loans 0.00
Consumer Auto Loans 2.16
Small Business Loans 5.64
Construction and Development Loans 1.51
Commercial Real Estate 5.68
Commercial and Industrial Loans 9.19
Farm Loans 19.96

Frequently Asked Questions About The First National Bank Of Ava

Branches and Savings

Is The First National Bank Of Ava FDIC insured?

Yes. It is covered under FDIC Certificate #3761.

Why does The First National Bank Of Ava pay such low interest on savings accounts?

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

Why are The First National Bank Of Ava CD rates not competitive?

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

Is The First National Bank Of Ava a commercial bank?

Yes

Where are The First National Bank Of Ava locations?

See branch locations nearby.

Is The First National Bank Of Ava open on Saturdays?

Is The First National Bank Of Ava open on Sundays?

What time does The First National Bank Of Ava open?

What time does The First National Bank Of Ava close?

Are The First National Bank Of Ava ATMs Open 24/7?

Do The First National Bank Of Ava ATMs accept cash deposits?

Can The First National Bank Of Ava customers use other ATMs?

Do The First National Bank Of Ava branches have notaries?

Will The First National Bank Of Ava notarize my document?

What address for The First National Bank Of Ava should I put for incoming ACH transfers?

Will the The First National Bank Of Ava branch print checks?

Do The First National Bank Of Ava checks expire?

Does The First National Bank Of Ava require US citizenship to open account?

Can The First National Bank Of Ava close my account?

Does The First National Bank Of Ava Report to credit bureaus?

Does The First National Bank Of Ava Use Equifax?

What is The First National Bank Of Ava's ACH Routing Number?

What is The First National Bank Of Ava's SWIFT code?

Products

Does The First National Bank Of Ava offer mortgages?

Compare mortgage rates here.

Does The First National Bank Of Ava offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The First National Bank Of Ava offer personal loans?

Compare personal loan rates here.

Does The First National Bank Of Ava offer student loans?

Will The First National Bank Of Ava cash a check?

Will The First National Bank Of Ava redeem a savings bond?

Does The First National Bank Of Ava cash savings bonds?

Will The First National Bank Of Ava cash money orders?

Can The First National Bank Of Ava issue a money order?

Does The First National Bank Of Ava do currency exchange?

Background on The Bank

Who owns The First National Bank Of Ava?

How long has The First National Bank Of Ava been around?

Can The First National Bank Of Ava transfer to other banks?

Does The First National Bank Of Ava have quick pay?

Does The First National Bank Of Ava accept rolled coins?

Will The First National Bank Of Ava accept loose change?

Where is The First National Bank Of Ava headquarters?

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