TrustBank

600 East Main Street
Olney, IL 62450

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 14662
Date Established 1912
Assets $0.31 billion
Loans $0.18 billion
Deposits $0.28 billion
Capital $0.03 billion

TrustBank is an FDIC insured institution located in Olney, IL. It was founded in 1912 and has approximately $0.31 billion in assets. Customers can open an account at one of its 7 branches.

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

Deposit Rates - September 24, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1,000 $14,999 Learn MoreShow Less
Money Market
0.07% $15,000 $29,999 Learn MoreShow Less
Premium Money Market Account
0.10% $10,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.45% $2,500 - Learn MoreShow Less
6 Mo CD
0.55% $2,500 - Learn MoreShow Less
12 Mo CD
0.75% $500 - Learn MoreShow Less
18 Mo CD
0.85% $500 - Learn MoreShow Less
24 Mo CD
0.90% $500 - Learn MoreShow Less
30 Mo CD
1.15% $500 - Learn MoreShow Less
36 Mo CD
1.46% $500 - Learn MoreShow Less
48 Mo CD
1.51% $50 - Learn MoreShow Less
60 Mo CD
1.81% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.95% $50 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.95% $50 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $500 $2,499 Learn MoreShow Less
Int Ckg
0.05% $2,500 $4,999 Learn MoreShow Less

Loan Rates - September 24, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for TrustBank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.526% 3.500% 0.38 $805 $1,123 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to TrustBank
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Branches

TrustBank 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:
Seattle,Washington


TrustBank Locations


Financial Details

TrustBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of TrustBank. 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
TrustBank U.S. Bank Average
6.83% 6.94%

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 March 31, 2019, TrustBank had $564,000 in non-current loans and $1,411,000 in owned real estate. To cover these potential losses it had $26,422,000 in equity and $2,494,000 in loans loss reserves. That gives it a Texas Ratio of 6.83%.

Return on Equity
TrustBank U.S. Bank Average
16.16% 9.47%

TrustBank has a Return on Equity of 16.16% versus the BestCashCow average of 9.47%. 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
TrustBank U.S. Bank Average
8.41% 12.49%

TrustBank has a Capitalization of 8.41% versus the BestCashCow average of 12.49. 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.

TrustBank Balance Sheet Analysis

As of March 31, 2019, TrustBank had assets of $314,267,000, loans of $179,256,000, and deposits of $284,391,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.10 billion
Interest-bearing balances $0.09 billion
Total securities $0.03 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 $0.01 billion
     Total Assets $0.29 billion
LIABILITIES
Total deposits $0.28 billion
      Interest-bearing deposits $0.25 billion
      Deposits held in domestic offices $0.28 billion
      % insured (estimated) 57.49%
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 $0.29 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

March 31, 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 TrustBank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks, TrustBank’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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 25.97
Multifamily
Mortgages
5.22
Credit Card Loans 0.00
Consumer Auto Loans 1.83
Small Business Loans 0.00
Construction and Development Loans 3.71
Commercial Real Estate 26.18
Commercial and Industrial Loans 8.72
Farm Loans 6.03

Frequently Asked Questions About Trustbank

Branches and Savings

Is Trustbank FDIC insured?

Yes. It is covered under FDIC Certificate #14662.

Why does Trustbank pay such low interest on savings accounts?

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

Why are Trustbank CD rates not competitive?

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

Is Trustbank a commercial bank?

Yes

Where are Trustbank locations?

See branch locations nearby.

Is Trustbank open on Saturdays?

Is Trustbank open on Sundays?

What time does Trustbank open?

What time does Trustbank close?

Are Trustbank ATMs Open 24/7?

Do Trustbank ATMs accept cash deposits?

Can Trustbank customers use other ATMs?

Do Trustbank branches have notaries?

Will Trustbank notarize my document?

What address for Trustbank should I put for incoming ACH transfers?

Will the Trustbank branch print checks?

Do Trustbank checks expire?

Does Trustbank require US citizenship to open account?

Can Trustbank close my account?

Does Trustbank Report to credit bureaus?

Does Trustbank Use Equifax?

What is Trustbank's ACH Routing Number?

What is Trustbank's SWIFT code?

Products

Does Trustbank offer mortgages?

Compare mortgage rates here.

Does Trustbank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Trustbank offer personal loans?

Compare personal loan rates here.

Does Trustbank offer student loans?

Will Trustbank cash a check?

Will Trustbank redeem a savings bond?

Does Trustbank cash savings bonds?

Will Trustbank cash money orders?

Can Trustbank issue a money order?

Does Trustbank do currency exchange?

Background on The Bank

Who owns Trustbank?

How long has Trustbank been around?

Can Trustbank transfer to other banks?

Does Trustbank have quick pay?

Does Trustbank accept rolled coins?

Will Trustbank accept loose change?

Where is Trustbank headquarters?

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