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Overview / Commentary
815-538-2265
706-8 Washington St.
Mendota, IL 61342

First State Bank (Mendota) is headquartered in Mendota and is the 45th largest bank in the state of Illinois. It is also the 731st largest bank in the nation. It was established in 1940 and as of December of 2013, it had grown to 483 employees at 23 locations. First State Bank (Mendota) has a B health rating.

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
C+

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 December 31, 2013 First State Bank (Mendota) had $20.1 million in non-current loans and owned real-estate with $83.15 million in equity and loan loss allowances on hand to cover it. This gives First State Bank (Mendota) a Texas Ratio of 24.17% which is 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 First State Bank (Mendota) experienced no significant changes from 26.61% as of December 31, 2012 to 24.17% as of December 31, 2013, resulting in a positive change of 9.17%.This indicates that the balance sheet and financial strength for First State Bank (Mendota) has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, First State Bank (Mendota) has increased its total deposits by $27.51 million, resulting in 3.6% 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 State Bank (Mendota) has shown is excellent.

Capitalization

GRADE:
C+

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 State Bank (Mendota) has $922.39 million in assets with $83.15 million in equity, resulting in a capitalization level of 9.01%, which is average.

Institution Statistics

Overall
FDIC Certificate #15752
Year Established1940
Employees483
Primary RegulatorFDIC
Assets and Liabilities
Assets$922.39 million
Loans$613.43 million
Deposits$792.33 million
Equity Capital$78.16 million
Loan Loss Allowance$4.98 million
Unbacked Noncurrent Loans$14.96 million
Real Estate Owned$5.14 million
Historic Data - December 2012
Assets$920.89 million
Equity Capital$81.21 million
Loan Loss Allowance$3.34 million
Unbacked Noncurrent Loans$14.96 million
Real Estate Owned$5.40 million
Profit Margin - Quarterly
Net Interest Margin3.47%
Return on Assets0.15%
Return on Equity1.71%
Interest Income$35.08 million
Rates
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First State Bank (Mendota) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--Kasasa Saver
0.03%--Kasasa Saver

First State Bank (Mendota) Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.50%-$25kKasasa Cash
0.03%--Kasasa Cash

First State Bank (Mendota) CD Rates

DetailsAPYMINMAXPRODUCT
1.30%$1k-60 Month CD
0.70%$1k-20 Month CD Special
0.55%$1k-96 Month CD
0.55%$1k-30 Month CD
0.50%$1k-24 Month CD
0.41%$1k-18 Month CD
0.30%$1k-12 Month CD
0.30%$2,500-9 Month CD Special
0.21%$2,500-182 Day CD
0.17%$2,500-91 Day CD
Locations

First State Bank (Mendota) has 23 locations. Click to view all First State Bank (Mendota) locations.