First Trust & Savings Bank of Albany, Illinois is headquartered in Albany and is the 197th largest bank in the state of Illinois. It is also the 2,947th largest bank in the nation. It was established in 1902 and as of December of 2013, it had grown to 35 employees at 3 locations. First Trust & Savings Bank of Albany, Illinois has a A+ health rating.
I am very disappointed that this bank would not make a donation for an ALS(Lou Gehrig's disease) fundraiser. One of their current customers is afflicted with disease. This customer has lived in Albany for 30 years. I personally bank in East Moline and they gave me a donation for the fundraiser. I urge you to reconsider that move. Word of mouth, either positive or negative, could determine the amount of customers you have.
This is the BEST bank ever! This is the only bank that stayed open on the one day in the depression when all banks were supposed to close. The banker piled up the money behind the teller station, stood outside the door with a shotgun and told the Federal Agents he was not going to close his doors. He had more than enough cash in reserve if anyone needed their money.
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 Trust & Savings Bank of Albany, Illinois had $827,000 in non-current loans and owned real-estate with $20.3 million in equity and loan loss allowances on hand to cover it. This gives First Trust & Savings Bank of Albany, Illinois a Texas Ratio of 4.07% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for First Trust & Savings Bank of Albany, Illinois decreased dramatically from 9.25% as of December 31, 2012 to 4.07% as of December 31, 2013, resulting in a positive change of 55.98%.This indicates that the balance sheet and financial strength for First Trust & Savings Bank of Albany, Illinois has improved dramatically in recent periods.
In the past year, First Trust & Savings Bank of Albany, Illinois has increased its total deposits by $20.36 million, resulting in 12.28% 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 Trust & Savings Bank of Albany, Illinois has shown is excellent.
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 Trust & Savings Bank of Albany, Illinois has $208.79 million in assets with $20.3 million in equity, resulting in a capitalization level of 9.72%, which is above average.
|FDIC Certificate #||5754|
|Assets and Liabilities|
|Equity Capital||$19.29 million|
|Loan Loss Allowance||$1.01 million|
|Unbacked Noncurrent Loans||$781,000|
|Real Estate Owned||$46,000|
|Historic Data - December 2012|
|Equity Capital||$19.42 million|
|Loan Loss Allowance||$724,000|
|Unbacked Noncurrent Loans||$781,000|
|Real Estate Owned||$80,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.48%|
|Return on Assets||1.49%|
|Return on Equity||14.85%|
|Interest Income||$7.45 million|
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|0.20%||$2k||-||Money Market Account|
|0.15%||$2k||-||50+ Advantage Interest Checking|
|0.15%||$2k||-||Preferred Interest Checking|
|0.15%||$2k||-||Business Interest Checking|
|0.10%||-||-||Direct Interest Checking|
|0.00%||-||-||Simply Free Checking|
|0.00%||-||-||Simply Free Business Checking|
|1.67%||$100k||-||60 Month CD|
|1.26%||$100k||-||48 Month CD|
|1.01%||$100k||-||36 Month CD|
|0.91%||$100k||-||30 Month CD|
|0.81%||$100k||-||24 Month CD|
|0.66%||$100k||-||18 Month CD|
|0.51%||$100k||-||12 Month CD|
|0.41%||$100k||-||182 Day CD|
|0.31%||$100k||-||91 Day CD|
|0.05%||$100||-||18 Month Variable Rate IRA (Traditional,Roth)|
|First Trust & Savings Bank of Albany, Illinois Locations|
|Port Byron Branch||1006 N High Street||Port Byron, IL 61275|
|First Trust & Savings Bank Of Albany, Illinois||209 South Main Street||Albany, IL 61230|
|Hillsdale Branch||230 Main Street||Hillsdale, IL 61257|
|Erie Branch||700 Main Street||Erie, IL 61250|