Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
815-936-7600
315 Main Street, N.W.
Bourbonnais, IL 60914

Peoples Bank of Kankakee County is headquartered in Bourbonnais and is the 210st largest bank in the state of Illinois. It is also the 3,055th largest bank in the nation. It was established in 1962 and as of June of 2014, it had grown to 43 employees at 2 locations. Peoples Bank of Kankakee County has a B+ health rating.

Related Posts



Reviews (1)

The Rate And The Account Size Have Just Dropped To 25K And 2.26%

The customer service is good and account opening was fast and without problems. But the account size and the rate have just dropped to 25K and 2.26 effective Oct 1, 2010.



Health

Data for Q2 2014

Institution Health

B+

Texas Ratio

GRADE:
B

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 June 30, 2014 Peoples Bank of Kankakee County had $3.52 million in non-current loans and owned real-estate with $17.85 million in equity and loan loss allowances on hand to cover it. This gives Peoples Bank of Kankakee County a Texas Ratio of 19.70% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Peoples Bank of Kankakee County decreased dramatically from 41.06% as of June 30, 2013 to 19.70% as of June 30, 2014, resulting in a positive change of 52.02%.This indicates that the balance sheet and financial strength for Peoples Bank of Kankakee County has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Peoples Bank of Kankakee County has increased its total deposits by $18.81 million, resulting in 12.43% 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 Peoples Bank of Kankakee County 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. Peoples Bank of Kankakee County has $199.6 million in assets with $17.85 million in equity, resulting in a capitalization level of 8.94%, which is average.

Institution Statistics

Overall
FDIC Certificate #18566
Year Established1962
Employees43
Primary RegulatorFDIC
Assets and Liabilities
Assets$199.60 million
Loans$108.54 million
Deposits$170.08 million
Equity Capital$15.94 million
Loan Loss Allowance$1.91 million
Unbacked Noncurrent Loans$2.07 million
Real Estate Owned$1.44 million
Historic Data - June 2013
Assets$180.40 million
Equity Capital$16.09 million
Loan Loss Allowance$2.56 million
Unbacked Noncurrent Loans$2.07 million
Real Estate Owned$1.39 million
Profit Margin - Quarterly
Return on Assets0.67%
Return on Equity8.12%
Interest Income$3.07 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Peoples Bank of Kankakee County, we are a rate comparison website and can not provide official rates or promotions.

Peoples Bank of Kankakee County Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.45%$10k-Health Savings Account (HSA)
0.35%--PossibilitiesSAVER - Qualifying
0.10%$300-Personal Statement Savings Account
0.10%$300-Business Statement Savings Account
0.10%--PossibilitiesSAVER - Non Qualifying

Peoples Bank of Kankakee County Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$50k-Money Market Account
0.15%$50k-Business Money Market

Peoples Bank of Kankakee County Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.55%-$15kPossibilitiesCHECKING - Qualifying
0.15%$50k-First Rate Checking
0.15%$50k-Prestige Checking
0.10%--PossibilitiesCHECKING - Non Qualifying
0.05%--Commercial Checking With Interest

Peoples Bank of Kankakee County CD Rates

DetailsAPYMINMAXPRODUCT
0.80%$10k-36 Month CD Special
0.40%$10k-12 Month CD Special

Peoples Bank of Kankakee County IRA Rates

DetailsAPYMINMAXPRODUCT
0.15%$250-IRA 18 Month Variable
Locations


Peoples Bank of Kankakee County Locations
Peoples Bank Of Kankakee County315 Main Street, N.W.Bourbonnais, IL 60914
Kankakee Branch333 East Court StreetKankakee, IL 60901