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Overview / Commentary
309-274-6271
900 North Fourth Street
Chillicothe, IL 61523

First National Bank of Chillicothe is headquartered in Chillicothe and is the 411st largest bank in the state of Illinois. It is also the 5,573rd largest bank in the nation. It was established in 1934 and as of March of 2014, it had grown to 12 employees at 1 location. First National Bank of Chillicothe has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. First National Bank of Chillicothe has a relatively low asset base.

Texas Ratio

GRADE:
A+

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 March 31, 2014 First National Bank of Chillicothe had $439,000 in non-current loans and owned real-estate with $6.39 million in equity and loan loss allowances on hand to cover it. This gives First National Bank of Chillicothe a Texas Ratio of 6.87% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for First National Bank of Chillicothe experienced no significant changes from 6.50% as of March 31, 2013 to 6.87% as of March 31, 2014, resulting in a negative change of 5.73%. This indicates that the balance sheet and financial strength for First National Bank of Chillicothe has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, First National Bank of Chillicothe has decreased its total deposits by $-80,000, resulting in -0.14% 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 National Bank of Chillicothe has shown is average.

Capitalization

GRADE:
B

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 National Bank of Chillicothe has $65.42 million in assets with $6.39 million in equity, resulting in a capitalization level of 9.76%, which is above average.

Institution Statistics

Overall
FDIC Certificate #3635
Year Established1934
Employees12
Primary RegulatorOCC
Assets and Liabilities
Assets$65.42 million
Loans$44.91 million
Deposits$58.89 million
Equity Capital$6.22 million
Loan Loss Allowance$171,000
Unbacked Noncurrent Loans$70,000
Real Estate Owned$369,000
Historic Data - March 2013
Assets$66.61 million
Equity Capital$7.48 million
Loan Loss Allowance$166,000
Unbacked Noncurrent Loans$70,000
Real Estate Owned$454,000
Profit Margin - Quarterly
Net Interest Margin3.32%
Return on Assets1.46%
Return on Equity15.95%
Interest Income$613,000
Rates

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First National Bank of Chillicothe Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$25-Passbook Savings

First National Bank of Chillicothe Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$500-Money Market Savings
0.15%$500-Business Money Market Savings

First National Bank of Chillicothe Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.12%$2,500-Super NOW Checking
0.12%$2,500-Business Checking (Sole Proprietorship)
0.08%$100-Now Checking

First National Bank of Chillicothe CD Rates

DetailsAPYMINMAXPRODUCT
1.31%$1k-72 Month CD
1.21%$1k-60 Month CD
0.90%$1k-48 Month CD
0.75%$1k-36 Month CD
0.65%$1k-30 Month CD
0.50%$1k-24 Month CD
0.40%$1k-18 Month CD
0.35%$1k-11 Month CD
0.35%$1k-12 Month CD
0.25%$1k-6 Month CD
0.25%$1k-9 Month CD

First National Bank of Chillicothe IRA Rates

DetailsAPYMINMAXPRODUCT
1.05%$100-36 Month IRA
0.80%$100-18 Month IRA
Locations


First National Bank of Chillicothe Locations
First National Bank Of Chillicothe900 North Fourth StreetChillicothe, IL 61523