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Overview / Commentary
309-944-5601
101 North State Street
Geneseo, IL 61254

Central Bank Illinois is headquartered in Geneseo and is the 88th largest bank in the state of Illinois. It is also the 1,413st largest bank in the nation. It was established in 1907 and as of June of 2014, it had grown to 79 employees at 5 locations. Central Bank Illinois has a B+ health rating.

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Health

Data for Q2 2014

Institution Health

B+

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Central Bank Illinois had $7.4 million in non-current loans and owned real-estate with $61.83 million in equity and loan loss allowances on hand to cover it. This gives Central Bank Illinois a Texas Ratio of 11.97% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Central Bank Illinois increased slightly from 6.81% as of June 30, 2013 to 11.97% as of June 30, 2014, resulting in a negative change of 75.71%. This indicates that the balance sheet and financial strength for Central Bank Illinois has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Central Bank Illinois has increased its total deposits by $53.07 million, resulting in 16.49% 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 Central Bank Illinois has shown is excellent.

Capitalization

GRADE:
A+

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. Central Bank Illinois has $479.43 million in assets with $61.83 million in equity, resulting in a capitalization level of 12.90%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #11670
Year Established1907
Employees79
Primary RegulatorFDIC
Assets and Liabilities
Assets$479.43 million
Loans$263.01 million
Deposits$374.84 million
Equity Capital$56.16 million
Loan Loss Allowance$5.67 million
Unbacked Noncurrent Loans$6.97 million
Real Estate Owned$432,000
Historic Data - June 2013
Assets$442.62 million
Equity Capital$48.94 million
Loan Loss Allowance$5.73 million
Unbacked Noncurrent Loans$6.97 million
Real Estate Owned$544,000
Profit Margin - Quarterly
Return on Assets1.49%
Return on Equity13.09%
Interest Income$9.43 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Central Bank Illinois, we are a rate comparison website and can not provide official rates or promotions.

Central Bank Illinois Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$10k-Health Savings Accounts - Genese/Andover
0.25%$1k-Educational IRA Account - Genese/Andover
0.25%$1k-Traditional IRA Account - Genese/Andover
0.25%$1k-Roth IRA Account - Genese/Andover
0.25%$10k-Health Savings Accounts - Fulton
0.25%$1k-Traditional IRA Account - Fulton
0.25%$1k-Roth IRA Account - Fulton
0.25%$1k-Educational IRA Account - Fulton
0.25%$10k-Health Savings Accounts - Princeton
0.25%$1k-Traditional IRA Account - Princeton
0.25%$1k-Roth IRA Account - Princeton
0.25%$1k-Educational IRA Account - Princeton
0.20%--Statement Savings Account - Princeton
0.15%--Statement Savings Account - Genese/Andover
0.15%--Statement Savings Account - Fulton

Central Bank Illinois Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$500k-Personal Premium Money Market Savings Account - Genese/Andover
0.35%$500k-Business Premium Money Market Savings Account - Genese/Andover
0.35%$500k-Personal Premium Money Market Savings Account - Fulton
0.35%$500k-Business Premium Money Market Savings Account - Fulton
0.25%$25k-Premium Money Market Savings Account - Princeton
0.25%$25k-Business Premium Money Market Savings Account - Princeton
0.20%$25k-Personal Money Market Savings Account - Genese/Andover
0.20%$25k-Business Money Market Savings Account - Genese/Andover
0.20%$25k-Personal Money Market Savings Account - Fulton
0.20%$25k-Business Money Market Savings Account - Fulton
0.20%$25k-Personal Money Market Savings Account - Princeton
0.20%$25k-Business Money Market Savings Account - Princeton

Central Bank Illinois Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$10k-Value Plus Checking Account - Genese/Andover
0.15%$10k-Image Plus Checking Account - Genese/Andover
0.15%$10k-Business Plus Checking Account - Genese/Andover
0.15%$10k-Value Plus Checking Account - Fulton
0.15%$10k-Image Plus Checking Account - Fulton
0.15%$10k-Business Plus Checking Account - Fulton
0.15%$10k-Value Plus Checking Account - Princeton
0.15%$10k-Image Plus Checking Account - Princeton
0.15%$10k-Business Plus Checking Account - Princeton

Central Bank Illinois CD Rates

DetailsAPYMINMAXPRODUCT
1.30%$10k-60 Month CD - Fulton
1.15%$10k-60 Month CD - Genese/Andover
1.00%$1k-60 Month CD - Princeton
0.80%$10k-30 Month CD - Fulton
0.75%$1k-30 Month CD - Princeton
0.65%$10k-30 Month CD - Genese/Andover
0.50%$10k-18 Month CD - Fulton
0.45%$10k-18 Month CD - Genese/Andover
0.40%$10k-12 Month CD - Fulton
0.40%$1k-18 Month CD - Princeton
0.35%$10k-12 Month CD - Genese/Andover
0.30%$1k-12 Month CD - Princeton
0.25%$10k-182 Day CD - Genese/Andover
0.25%$10k-182 Day CD - Fulton
0.20%$1k-182 Day CD - Princeton
0.15%$1k-91 Day CD - Genese/Andover
0.15%$1k-91 Day CD - Fulton
0.15%$1k-91 Day CD - Princeton
Locations


Central Bank Illinois Locations
Central Bank Illinois101 North State StreetGeneseo, IL 61254
Central Bank Fulton Branch1404 14th AvenueFulton, IL 61252
Princeton Branch317 South Main StreetPrinceton, IL 61356
Drive-In FacilityRoute 6 and Iowa StreetGeneseo, IL 61254
Andover BranchState Road 81 and Mulberry StreetAndover, IL 61233