5 star ratingAverage User Rating:
5 star rating based on 1 review.

Trust Bank

Trust Bank Locations
600 East Main Street
Olney, IL 62450
(800) 766-3451
www.trustbank.net

FDIC


Trust Bank is headquartered in Olney and is the 237th largest bank in the state of Illinois. It is also the 3,426th largest bank in the nation. It was established in 1912 and as of December of 2012, it had grown to 49 employees at 5 locations. Trust Bank has a 4-star health rating.

Related Posts

Add-On CD At Trustbank (12,18 And 48 Month) (Forum) - 12/7/2010

3 ½-star Bauer rated TrustBank in Illinois is offering add-on (called Dreambuilder) CDs with terms of 12 (.9%rate, .9%APY), 18(1.25%rate, 1.25%APY) and 48 months (1.99%rate, 2%APY).      Minimum required balance = $50 In c

Competitive Long-Term CDs and Add-On CD at TrustBank in IL & AZ - Available Nationwide - 7/26/2010

TrustBank is offering two competitive regular CDs and a competitive 4-year add-on CD. The two regular CD rates are 2.40% APY for a 3-year term and a 3.00% APY for a 5-year term. Minimum deposit is $50 ...

Reward Checking with a Very High Yield but a Very Low Balance Cap at TrustBank in IL & AZ - Available Nationwide - 7/26/2010

TrustBank is offering a high-yield reward checking account that is a bit unusual. It offers a very high yield, but it applies only to a very small balance. So it's definitely not for those with large ...

2.40% 36-Mo, 3.00% 60-Mo Cds In AZ & IL (Forum) - 6/16/2010

TrustBank has a few competitive CD rates as of 6/16/10 for those in Tempe, AZ and parts of IL: 3.00% APY 60-month 2.40% APY 36-month 1.60% APY 18-month 1.50% APY 15-month Minimum deposit is $500. Ratings for safety and soundness are fair. Click

2010




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

Trust Bank Checking Account Rates

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

Trust Bank Savings Account Rates

ApyMinMaxProduct
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

Trust Bank Money Market Rates

ApyMinMaxProduct
0.25%$1m-Money Market Max
0.20%$60k-Money Market

Trust Bank CD Rates

ApyMinMaxProduct
1.30%$500-60 Month CD
1.10%$50-48 Month Dreambuilder CD
0.95%$500-36 Month CD
0.80%$500-30 Month CD
0.80%$2,500-24 Month HSA Savings CD
0.70%$500-24 Month CD
0.70%$500-24 Month Peace Of Mind CD
0.50%$500-18 Month CD
0.50%$50-18 Month Dreambuilder CD
0.40%$500-15 Month CD
0.35%$500-12 Month CD
0.35%$50-12 Month Dreambuilder CD
0.25%$500-9 Month CD
0.20%$2,500-182 Day CD
0.10%$2,500-91 Day CD

Trust Bank IRA Rates

ApyMinMaxProduct
1.40%$50-60 Month IRA
1.40%$50-60 Month Roth IRA
1.40%$50-60 Month CESA
1.20%$50-48 Month IRA
1.20%$50-48 Month Roth IRA
1.20%$50-48 Month CESA
0.80%$50-24 Month IRA
0.80%$50-24 Month Roth IRA
0.80%$50-24 Month CESA
0.60%$50-18 Month IRA
0.60%$50-18 Month Variable IRA
0.60%$50-18 Month Roth IRA
0.60%$50-18 Month Variable Roth IRA
0.60%$50-18 Month CESA
0.60%$50-18 Month Variable CESA
0.30%$50-182 Day IRA
0.30%$50-182 Day Roth IRA
0.30%$50-182 Day CESA

Rates updated: 5/25/2013

Data for Q4 2012


Institution Statistics


TrustBank
OTS #12475
FDIC Certificate #14662
BankRate ReportView
Year Established1912
Employees49
Primary RegulatorFDIC

Assets and Liabilities

Assets$174.88 million
Loans$103.28 million
Deposits$150.25 million
Equity Capital$20.91 million
Loan Loss Allowance$1.63 million
Unbacked Noncurrent Loans$782,000
Real Estate Owned$1.46 million

Historic Data - December 2011

Assets$168.42 million
Equity Capital$20.43 million
Loan Loss Allowance$1.65 million
Unbacked Noncurrent Loans$885,000
Real Estate Owned$1.40 million

Profit Margin - Quarterly

Net Interest Margin3.43%
Return on Assets1.44%
Return on Equity12%
Interest Income$6.77 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 December 31, 2012 Trust Bank had $2.24 million in non-current loans and owned real-estate with $22.55 million in equity and loan loss allowances on hand to cover it. This gives Trust Bank a Texas Ratio of 9.94% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Trust Bank held steady from 10.51% as of December 31, 2011 to 9.94% as of December 31, 2012, resulting in a positive change of 5.39%.This indicates that the balance sheet and financial strength for Trust Bank has held steady in recent periods.
Deposit Growth4
In the past year, Trust Bank has increased its total deposits by $5.57 million, resulting in 3.85% 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 Trust Bank has shown is above average.
Capitalization5
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. Trust Bank has $174.88 million in assets with $22.55 million in equity, resulting in a capitalization level of 12.89%, which is excellent.
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Excellent Experience Banking At Trustbank In Illinois
5 stars - pearlbrown - Tuesday, December 7, 2010 - 12:22 PM

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.   

4