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Overview / Commentary
618-662-4441
1010 West North Avenue
Flora, IL 62839

Flora Bank & Trust (IL) is headquartered in Flora and is the 408th largest bank in the state of Illinois. It is also the 5,504th largest bank in the nation. It was established in 1978 and as of March of 2014, it had grown to 24 employees at 4 locations. Flora Bank & Trust (IL) 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. Flora Bank & Trust (IL) 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 Flora Bank & Trust (IL) had $25,000 in non-current loans and owned real-estate with $7.11 million in equity and loan loss allowances on hand to cover it. This gives Flora Bank & Trust (IL) a Texas Ratio of 0.35% 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 Flora Bank & Trust (IL) decreased dramatically from 2.23% as of March 31, 2013 to 0.35% as of March 31, 2014, resulting in a positive change of 84.21%.This indicates that the balance sheet and financial strength for Flora Bank & Trust (IL) has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Flora Bank & Trust (IL) has decreased its total deposits by -$2.43 million, resulting in -3.83% 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 Flora Bank & Trust (IL) has shown is below 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. Flora Bank & Trust (IL) has $67.9 million in assets with $7.11 million in equity, resulting in a capitalization level of 10.47%, which is above average.

Institution Statistics

Overall
FDIC Certificate #22598
Year Established1978
Employees24
Primary RegulatorFED
Assets and Liabilities
Assets$67.90 million
Loans$34.45 million
Deposits$60.95 million
Equity Capital$6.84 million
Loan Loss Allowance$271,000
Unbacked Noncurrent Loans$25,000
Real Estate Owned$0
Historic Data - March 2013
Assets$70.26 million
Equity Capital$6.75 million
Loan Loss Allowance$217,000
Unbacked Noncurrent Loans$25,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.85%
Return on Assets0.36%
Return on Equity3.58%
Interest Income$514,000
Rates

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Flora Bank & Trust (IL) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Christmas Club
0.20%$50-Regular Savings

Flora Bank & Trust (IL) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Liberty Investment Money Market

Flora Bank & Trust (IL) Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.76%-$20kFirst Reward Checking - Qualifying
0.10%$1k-NOW Account
0.10%$2,500-Super NOW Account
0.05%--First Reward Checking - Non Qualifying

Flora Bank & Trust (IL) CD Rates

DetailsAPYMINMAXPRODUCT
0.94%$1k-60 Month CD
0.71%$1k-48 Month CD
0.53%$1k-36 Month CD
0.49%$1k-30 Month CD
0.36%$1k-24 Month CD
0.31%$1k-18 Month CD
0.26%$1k-12 Month CD
0.19%$1k-182 Day CD

Flora Bank & Trust (IL) IRA Rates

DetailsAPYMINMAXPRODUCT
0.31%$50-18 Month Add On IRA
Locations


Flora Bank & Trust (IL) Locations
Flora Bank & Trust1010 West North AvenueFlora, IL 62839
North Clay Banking Center330 North Rt 45Louisville, IL 62858