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Peoples Bank of Kankakee County

Peoples Bank of Kankakee County Locations

315 Main Street, N.W.
Bourbonnais, IL 60914
815.936.7600
www.peoplesbankdirect.com

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Peoples Bank of Kankakee County is headquartered in Bourbonnais and is the 225^th largest bank in the state of Illinois. It is also the 3,299^th largest bank in the nation. It was established in 1962 and as of March of 2013, it had grown to 44 employees at 2 locations. Peoples Bank of Kankakee County has a 2-star health rating.

Peoples Bank Kankakee Drop To 2.01% - NO NOTICE TO CUSTOMERS (Forum) - 10/4/2011

People's Bank of Kankakee County Illinois Possibilities Reward Checking was 3.01% now 2.01%, $15k max http://www.peoplesbankdirect.com/personal/checking/possibilities-checking.html The old Electric Blue Rewards Checking is down to 1.51%, $25k max; use

Peoples Bank Of Kankakee To Drop APY To 2.26% On 10/1 (Forum) - 9/3/2010

Effective 10/1 the Peoples Bank of Kankakee is dropping its APY to 2.26% from 3.01%. It is also reducing from $50k to $25K the account balance that will receive this rate. Fourteen months ago this account was available nationally and paid 4.01

3.33% Reward Checking Account at Peoples Bank of Kankakee County - 4/28/2009

Update 11/09/09: The top rate has fallen to 3.33% APY. Refer to the bottom of the post for the rate history.Peoples Bank of Kankakee County has a reward checking account called Electric Blue Rewards Checking. The account offers the following rates and...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Peoples Bank of Kankakee County Checking Account Rates

Apy	Min	Max	Product
2.01%	-	$15k	PossibilitiesCHECKING
0.15%	$50k	-	First Rate Checking
0.15%	$50k	-	Prestige Checking
0.10%	-	-	Commercial Checking With Interest

Peoples Bank of Kankakee County Savings Account Rates

Apy	Min	Max	Product
0.45%	$10k	-	Health Savings Account (HSA)
0.35%	-	-	PossibilitiesSAVER
0.10%	$300	-	Personal Statement Savings Account
0.10%	$300	-	Business Statement Savings Account

Peoples Bank of Kankakee County Money Market Rates

Apy	Min	Max	Product
0.20%	$50k	-	Money Market Account
0.20%	$50k	-	Business Money Market

Peoples Bank of Kankakee County CD Rates

Apy	Min	Max	Product
0.40%	$10k	-	20 Month CD Special
0.20%	$10k	-	12 Month CD Special

Peoples Bank of Kankakee County IRA Rates

Apy	Min	Max	Product
0.15%	$250	-	IRA 18 Month Variable
0.15%	$250	-	Roth IRA 18 Month Variable

Rates updated: 6/19/2013

Data for Q1 2013

Institution Statistics

Peoples Bank of Kankakee County
FDIC Certificate #	18566
BankRate Report	View
Year Established	1962
Employees	44
Primary Regulator	FDIC
Assets and Liabilities
Assets	$183.12 million
Loans	$108.01 million
Deposits	$152.64 million
Equity Capital	$16.74 million
Loan Loss Allowance	$2.61 million
Unbacked Noncurrent Loans	$6.30 million
Real Estate Owned	$1.46 million
Historic Data - March 2012
Assets	$189.09 million
Equity Capital	$16.36 million
Loan Loss Allowance	$2.58 million
Unbacked Noncurrent Loans	$6.15 million
Real Estate Owned	$1.40 million
Profit Margin - Quarterly
Net Interest Margin	3.2%
Return on Assets	0.84%
Return on Equity	9.28%
Interest Income	$1.49 million

Institution Health

Overall Score:

2 out of 5

Texas Ratio
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 March 31, 2013 Peoples Bank of Kankakee County had $7.76 million in non-current loans and owned real-estate with $19.35 million in equity and loan loss allowances on hand to cover it. This gives Peoples Bank of Kankakee County a Texas Ratio of 40.12% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Peoples Bank of Kankakee County held steady from 39.83% as of March 31, 2012 to 40.12% as of March 31, 2013, resulting in a negative change of 0.73%. This indicates that the balance sheet and financial strength for Peoples Bank of Kankakee County has held steady in recent periods.
Deposit Growth
In the past year, Peoples Bank of Kankakee County has decreased its total deposits by -$9.25 million, resulting in -5.71% 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 poor.
Capitalization
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 $183.12 million in assets with $19.35 million in equity, resulting in a capitalization level of 10.57%, which is above average.

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

- Anonymous - Friday, September 3, 2010 - 11:15 AM

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.

Peoples Bank of Kankakee County

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