5 star ratingAverage User Rating:
5 star rating based on 1 review.

First Clover Leaf Bank

First Clover Leaf Bank Locations
300 Saint Louis St
Edwardsville, IL 62025-1945
618-656-6200
www.firstcloverleafbank.com

First Clover Leaf Bank is headquartered in Edwardsville and is the 76th largest bank in the state of Illinois. It is also the 1,167th largest bank in the nation. It was established in 1921 and as of September of 2011, it had grown to 84 employees at 5 locations. First Clover Leaf Bank's savings rates are 54% higher than the national average, and it has a 3-star health rating.

Related Posts

First Clover Leaf Cap Dropped To 15K, Rate To 3.85%. (Forum) - 9/29/2010

info from their website

First Clover Leaf Bank's Reward Checking Account Is Now Available Nationwide - 9/14/2010

I just confirmed with First Clover Leaf Bank that their reward checking account, My Great Rate Checking, is now available nationwide (except in Nevada). An online application link is located at the ba ...

High-Yield Reward Checking Account at an Illinois Bank (First Clover Leaf) - 5/13/2008

Update 9/19/09: The top rate has fallen to 4.50% APY.First Clover Leaf Bank has a reward checking account called My Great Rate Checking that pays 4.50% APY on balances up to $25,000 (0.50% for above) and refunds ATM fees when the following monthly...



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

First Clover Leaf Bank Checking Account Rates

ApyMinMaxProduct
2.85%-$15kMy Great Rate Checking
0.15%--Silver Leaf Checking

First Clover Leaf Bank Savings Account Rates

ApyMinMaxProduct
1.00%$20k-Health Savings Account
0.80%--Kids Club Savings
0.80%$200-Christmas Club Savings
0.40%--Regular Savings

First Clover Leaf Bank Money Market Rates

ApyMinMaxProduct
0.65%$100k-Gold Leaf Money Market
0.50%$100k-Business Money Market

First Clover Leaf Bank CD Rates

ApyMinMaxProduct
2.07%$1k-55 Month CD Special
1.66%$1k-60 Month CD
1.46%$1k-48 Month CD
1.31%$1k-38 Month CD Special
1.10%$1k-36 Month CD
0.85%$1k-15 Month CD Special
0.80%$1k-24 Month CD
0.65%$1k-18 Month CD
0.60%$1k-12 Month CD
0.35%$1k-9 Month CD
0.30%$1k-6 Month CD
0.20%$1k-91 Day CD

First Clover Leaf Bank IRA Rates

ApyMinMaxProduct
1.66%$1k-60 Month IRA
1.66%$1k-60 Month Roth IRA
1.66%$1k-60 Month CESA
1.46%$1k-48 Month IRA
1.46%$1k-48 Month Roth IRA
1.46%$1k-48 Month CESA
1.10%$1k-36 Month IRA
1.10%$1k-36 Month Roth IRA
1.10%$1k-36 Month CESA
0.80%$1k-24 Month IRA
0.80%$1k-24 Month Roth IRA
0.80%$1k-24 Month CESA
0.65%$1k-18 Month IRA
0.65%$1k-18 Month Roth IRA
0.65%$1k-18 Month CESA
0.60%$1k-12 Month IRA
0.60%$1k-12 Month Roth IRA
0.60%$1k-12 Month CESA
0.35%$1k-9 Month IRA
0.35%$1k-9 Month Roth IRA
0.35%$1k-9 Month CESA
0.30%$1k-6 Month IRA
0.30%$1k-6 Month Roth IRA
0.30%$1k-6 Month CESA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


First Clover Leaf Bank, FSB
OTS #05174
FDIC Certificate #30330
BankRate ReportView
Year Established1921
Employees84
Primary RegulatorOCC

Assets and Liabilities

Assets$572.58 million
Loans$382.44 million
Deposits$440.52 million
Equity Capital$76.33 million
Loan Loss Allowance$4.02 million
Unbacked Noncurrent Loans$12.82 million
Real Estate Owned$5.50 million

Historic Data - September 2010

Assets$577.73 million
Equity Capital$72.86 million
Loan Loss Allowance$4.23 million
Unbacked Noncurrent Loans$13.31 million
Real Estate Owned$1.73 million

Profit Margin - Quarterly

Net Interest Margin3.29%
Return on Assets0.7%
Return on Equity5.36%
Interest Income$17.80 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 First Clover Leaf Bank had $18.32 million in non-current loans and owned real-estate with $80.35 million in equity and loan loss allowances on hand to cover it. This gives First Clover Leaf Bank a Texas Ratio of 22.80% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for First Clover Leaf Bank held steady from 19.52% as of September 30, 2010 to 22.80% as of September 30, 2011, resulting in a negative change of 16.81%. This indicates that the balance sheet and financial strength for First Clover Leaf Bank has held steady in recent periods.
Deposit Growth2
In the past year, First Clover Leaf Bank has decreased its total deposits by -$5.36 million, resulting in -1.2% 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 First Clover Leaf Bank has shown is below average.
Capitalization5
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. First Clover Leaf Bank has $572.58 million in assets with $80.35 million in equity, resulting in a capitalization level of 14.03%, which is excellent.
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I Got Approved Without Problems - I Am Hoping First Clover Leaf Will Be Pleasant And Easy To Work With
5 stars - starlight - Thursday, September 16, 2010 - 9:13 AM

So far so good.  I got approved without problems.  Part of the online application process is ACH funding from another account where First Clover Leaf deposits two small amounts to be verified by you before approval.  I applied on the 14th and today (the 16th) I got an email today stating:

Welcome to First Clover Leaf Bank!  We have placed in today's mail a welcome packet containing:
·         A starter set of checks
·         Instructions to access your online banking services
·         A signature card which will need to be signed and returned
·         An overdraft service opt-in/opt-out notice which will need to be signed and returned

Please read over the overdraft service notice.  This notice contains important information regarding how First Clover Leaf Bank will handle any overdrafts related to one time debit card purchases and ATM transactions from your account.  If you have any questions about this notice, please feel free to contact me or any other member of our online account team. It would be our pleasure to further explain your options.  Please make your decision regarding opting in or out of overdraft protection. Then sign and date the form where indicated, and return it to the bank along with your signed signature card.

For your convenience we have included a postage paid envelope for you to return your signed signature card as well as your signed opt-in/opt-out notice.  Once we receive your signed signature card we will be able to order your debit card(s) and checks.  Please note that when your checks are ordered there will be a nominal charge of $13.84 automatically withdrawn from your account to cover the cost of checks.  This order will be for one box of 200 checks.

As a courtesy to new account holders, First Clover Leaf Bank will grant the bonus rate during the first statement cycle (the Statement Cycle will be processed on the 20th of every month or the last business day prior to the 20th if the 20th falls on a weekend or a holiday).  This will enable you to set up your bill pay, auto debit/credit, and receive your debit card(s).

Please remember to meet these requirements each statement cycle in order to earn the bonus rate for your account.
·                  10 Debit/Check Card Transactions
·                  1 Direct Deposit or ACH Auto Debit
·                  3 Online Bill Payments
·                  E-statement

Thank you for banking with First Clover Leaf Bank, and please let me know if I can be of further assistance to you

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