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309-887-4335
209 South Main Street
Albany, IL 61230

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.

Reviews (2)

Charitable Donations

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.

Solid And Friendly Bank

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.



Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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.

Texas Ratio Trend

GRADE:
A+

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.

Deposit Growth

GRADE:
A+

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.

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 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.

Institution Statistics

Overall
FDIC Certificate #5754
Year Established1902
Employees35
Primary RegulatorFDIC
Assets and Liabilities
Assets$208.79 million
Loans$141.55 million
Deposits$186.15 million
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
Assets$188.66 million
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 Margin3.48%
Return on Assets1.49%
Return on Equity14.85%
Interest Income$7.45 million
Rates

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First Trust & Savings Bank of Albany, Illinois Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%--Statement Savings
0.20%--Christmas Club

First Trust & Savings Bank of Albany, Illinois Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$2k-Money Market Account

First Trust & Savings Bank of Albany, Illinois Checking Account Rates

DetailsAPYMINMAXPRODUCT
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

First Trust & Savings Bank of Albany, Illinois CD Rates

DetailsAPYMINMAXPRODUCT
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

First Trust & Savings Bank of Albany, Illinois IRA Rates

DetailsAPYMINMAXPRODUCT
0.05%$100-18 Month Variable Rate IRA (Traditional,Roth)
Locations


First Trust & Savings Bank of Albany, Illinois Locations
Port Byron Branch1006 N High StreetPort Byron, IL 61275
First Trust & Savings Bank Of Albany, Illinois209 South Main StreetAlbany, IL 61230
Hillsdale Branch230 Main StreetHillsdale, IL 61257
Erie Branch700 Main StreetErie, IL 61250