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The First Trust and Savings Bank of Watseka, Illinois

Overview / Commentary
815-432-2494
120 East Walnut Street
Watseka, IL 60970

The First Trust and Savings Bank of Watseka, Illinois is headquartered in Watseka and is the 183rd largest bank in the state of Illinois. It is also the 2,696th largest bank in the nation. It was established in 1909 and as of March of 2014, it had grown to 30 employees at 2 locations. The First Trust and Savings Bank of Watseka, Illinois has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

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 The First Trust and Savings Bank of Watseka, Illinois had $1.26 million in non-current loans and owned real-estate with $30.22 million in equity and loan loss allowances on hand to cover it. This gives The First Trust and Savings Bank of Watseka, Illinois a Texas Ratio of 4.17% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for The First Trust and Savings Bank of Watseka, Illinois experienced no significant changes from 3.86% as of March 31, 2013 to 4.17% as of March 31, 2014, resulting in a negative change of 8.12%. This indicates that the balance sheet and financial strength for The First Trust and Savings Bank of Watseka, Illinois has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, The First Trust and Savings Bank of Watseka, Illinois has decreased its total deposits by $-171,000, resulting in -0.08% 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 The First Trust and Savings Bank of Watseka, Illinois has shown is average.

Capitalization

GRADE:
A+

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. The First Trust and Savings Bank of Watseka, Illinois has $235.1 million in assets with $30.22 million in equity, resulting in a capitalization level of 12.85%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #10831
Year Established1909
Employees30
Primary RegulatorFED
Assets and Liabilities
Assets$235.10 million
Loans$105.97 million
Deposits$206.43 million
Equity Capital$28.27 million
Loan Loss Allowance$1.95 million
Unbacked Noncurrent Loans$1.26 million
Real Estate Owned$0
Historic Data - March 2013
Assets$235.19 million
Equity Capital$28.02 million
Loan Loss Allowance$1.90 million
Unbacked Noncurrent Loans$1.26 million
Real Estate Owned$5,000
Profit Margin - Quarterly
Net Interest Margin3.1%
Return on Assets1.31%
Return on Equity11.17%
Interest Income$1.84 million
Rates

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The First Trust and Savings Bank of Watseka, Illinois Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$25k-Health Savings Account
0.05%--First Statement Savings
0.05%--First Kids Club

The First Trust and Savings Bank of Watseka, Illinois Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$100k-First Money Market Account

The First Trust and Savings Bank of Watseka, Illinois Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100k-First Investor Choice Checking
0.05%$100-First Relationship Checking

The First Trust and Savings Bank of Watseka, Illinois CD Rates

DetailsAPYMINMAXPRODUCT
0.85%$1k-24 Month CD
0.70%$1k-60 Month CD
0.55%$1k-48 Month CD
0.50%$1k-36 Month CD
0.45%$1k-30 Month CD
0.30%$1k-18 Month CD
0.20%$1k-12 Month CD
0.10%$1k-6 Month CD
0.05%$1k-3 Month CD

The First Trust and Savings Bank of Watseka, Illinois IRA Rates

DetailsAPYMINMAXPRODUCT
0.90%$100-5 Year IRA
0.85%$100-2 Year IRA
0.80%$100-4.5 Year IRA
0.75%$100-4 Year IRA
0.70%$100-3 Year IRA
0.70%$100-3.5 Year IRA
0.65%$100-2.5 Year IRA
0.50%$100-1 Year Variable IRA
0.50%$100-1 Year Fixed IRA
Locations


The First Trust and Savings Bank of Watseka, Illinois Locations
The First Trust and Savings Bank Of Watseka, Illin120 East Walnut StreetWatseka, IL 60970
Clifton Branch145 East Fifth AvenueClifton, IL 60927