101 South Park Avenue
Herrin , IL 62948
(618) 942-6666
www.bankofherrin.com



Bank of Herrin is headquartered in Herrin and is the 177th largest bank in the state of Illinois. It is also the 2,578th largest bank in the nation. It was established in 1904 and as of September of 2011, it had grown to 80 employees at 5 locations. Bank of Herrin has a 3-star health rating.



See Rates for: Checking | Savings | Money Market | CD | IRA

Bank of Herrin Checking Account Rates

ApyMinMaxProduct
1.50%-$25kReward Checking - Qualifying
0.25%$2,500-Account Plus
0.15%$2,500-Tiered NOW Checking

Bank of Herrin Savings Account Rates

ApyMinMaxProduct
0.25%--Passbook Savings
0.25%--Christmas Club
0.25%--Kids Club
0.20%--Statement Savings

Bank of Herrin Money Market Rates

ApyMinMaxProduct
0.25%$25k-MMDA

Bank of Herrin CD Rates

ApyMinMaxProduct
2.00%$1k-60 Month CD
1.60%$1k-48 Month CD
1.05%$1k-36 Month CD
1.00%$1k-30 Month CD
0.75%$1k-24 Month CD
0.65%$1k-18 Month CD
0.50%$1k-12 Month CD
0.25%$1k-182 Day CD
0.20%$1k-91 Day CD

Bank of Herrin IRA Rates

ApyMinMaxProduct
2.00%$1k-60 Month IRA
1.60%$1k-48 Month IRA
1.05%$1k-36 Month IRA
1.00%$1k-30 Month IRA
0.75%$1k-24 Month IRA
0.65%$1k-18 Month IRA
0.50%$1k-12 Month IRA

Rates updated: 2/8/2012

Data for Q3 2011


Institution Statistics


The Bank of Herrin
FDIC Certificate #11310
BankRate ReportView
Year Established1904
Employees80
Primary RegulatorFDIC

Assets and Liabilities

Assets$246.86 million
Loans$123.35 million
Deposits$223.88 million
Equity Capital$22.72 million
Loan Loss Allowance$1.12 million
Unbacked Noncurrent Loans$2.78 million
Real Estate Owned$999,000

Historic Data - September 2010

Assets$245.01 million
Equity Capital$20.06 million
Loan Loss Allowance$1.12 million
Unbacked Noncurrent Loans$2.55 million
Real Estate Owned$1.47 million

Profit Margin - Quarterly

Net Interest Margin3.95%
Return on Assets1.33%
Return on Equity15.97%
Interest Income$7.79 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Bank of Herrin had $3.78 million in non-current loans and owned real-estate with $23.84 million in equity and loan loss allowances on hand to cover it. This gives Bank of Herrin a Texas Ratio of 15.84% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Bank of Herrin decreased slightly from 18.94% as of September 30, 2010 to 15.84% as of September 30, 2011, resulting in a positive change of 16.35%.This indicates that the balance sheet and financial strength for Bank of Herrin has improved slightly in recent periods.
Deposit Growth3
In the past year, Bank of Herrin has decreased its total deposits by $-358,000, resulting in -0.16% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Herrin has shown is average.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Herrin has $246.86 million in assets with $23.84 million in equity, resulting in a capitalization level of 9.66%, which is average.
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