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Overview / Commentary
800-766-3451
600 East Main Street
Olney, IL 62450

TrustBank is headquartered in Olney and is the 227th largest bank in the state of Illinois. It is also the 3,278th largest bank in the nation. It was established in 1912 and as of June of 2014, it had grown to 53 employees at 7 locations. TrustBank has a B+ health rating.

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Reviews (1)

Excellent Experience Banking At Trustbank In Illinois

I really like doing business with this institution.  According to their website, they have only 4 branches (2 in Olney, Illinois, one in Cisne, Illinois and one in Tempe, Arizona) and it truly does have the feel of a small town bank.  The people are friendly, professional and extremely helpful.  When you call, you speak with an individual banker.  If you run into a problem, they offer to call you back – and they do - how refreshing.  They are out of state for me and I wish they were down the street instead.   



Health

Data for Q2 2014

Institution Health

B+

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 June 30, 2014 TrustBank had $2.27 million in non-current loans and owned real-estate with $22.34 million in equity and loan loss allowances on hand to cover it. This gives TrustBank a Texas Ratio of 10.17% 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 TrustBank experienced no significant changes from 10.28% as of June 30, 2013 to 10.17% as of June 30, 2014, resulting in a positive change of 1.05%.This indicates that the balance sheet and financial strength for TrustBank has had no significant changes in recent periods.

Deposit Growth

GRADE:
D

In the past year, TrustBank has decreased its total deposits by -$11.49 million, resulting in -6.84% 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 TrustBank has shown is below 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. TrustBank has $178.43 million in assets with $22.34 million in equity, resulting in a capitalization level of 12.52%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #14662
Year Established1912
Employees53
Primary RegulatorFDIC
Assets and Liabilities
Assets$178.43 million
Loans$115.56 million
Deposits$156.45 million
Equity Capital$20.69 million
Loan Loss Allowance$1.65 million
Unbacked Noncurrent Loans$732,000
Real Estate Owned$1.54 million
Historic Data - June 2013
Assets$188.59 million
Equity Capital$19.51 million
Loan Loss Allowance$1.63 million
Unbacked Noncurrent Loans$732,000
Real Estate Owned$1.66 million
Profit Margin - Quarterly
Return on Assets0.96%
Return on Equity8.66%
Interest Income$3.24 million
Rates

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

TrustBank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%--Christmas Club - Automatic Transfer
0.20%--Christmas Club - Non-Automatic Transfer
0.10%$100-iSavings
0.10%$50-Health Savings Account
0.05%--R. Banking Friends
0.05%$100-Statement Savings
0.01%$100-Passbook Savings

TrustBank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$1m-Money Market Max
0.15%$60k-Money Market

TrustBank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$60k-iBusiness Checking
0.07%$5k-Advantage Plus
0.07%$5k-Advantage Classic
0.07%$5k-VIP
0.07%$5k-iChecking

TrustBank CD Rates

DetailsAPYMINMAXPRODUCT
1.20%$500-60 Month CD
0.95%$50-48 Month Dreambuilder CD
0.85%$500-36 Month CD
0.65%$500-30 Month CD
0.50%$2,500-24 Month HSA Savings CD
0.40%$500-24 Month CD
0.40%$500-24 Month Peace Of Mind CD
0.35%$500-18 Month CD
0.35%$50-18 Month Dreambuilder CD
0.30%$500-15 Month CD
0.25%$500-12 Month CD
0.25%$50-12 Month Dreambuilder CD
0.15%$500-9 Month CD
0.10%$2,500-182 Day CD
0.05%$2,500-91 Day CD

TrustBank IRA Rates

DetailsAPYMINMAXPRODUCT
1.30%$50-60 Month IRA
1.05%$50-48 Month IRA
0.50%$50-24 Month IRA
0.45%$50-18 Month IRA
0.45%$50-18 Month Variable IRA
0.20%$50-182 Day IRA
Locations


TrustBank Locations
Mesa Branch1525 South Greenfield RoadMesa, AZ 85206
Phoenix Az Branch2375 East Camelback Road, Suite 155Phoenix, AZ 85016
Chandler Branch3115 South Price Road #130Chandler, AZ 85248
Carbondale Trust Branch3200 Fishback RoadCarbondale, IL 62901
Cisne Branch401 Park StreetCisne, IL 62823
Richland County Mall Facility537 North West StreetOlney, IL 62450
Trustbank600 East Main StreetOlney, IL 62450