TrustBank is headquartered in Olney and is the 224th largest bank in the state of Illinois. It is also the 3,289th largest bank in the nation. It was established in 1912 and as of March of 2014, it had grown to 52 employees at 7 locations. TrustBank has a B+ health rating.
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.
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 TrustBank had $2.3 million in non-current loans and owned real-estate with $21.77 million in equity and loan loss allowances on hand to cover it. This gives TrustBank a Texas Ratio of 10.55% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for TrustBank experienced no significant changes from 10.46% as of March 31, 2013 to 10.55% as of March 31, 2014, resulting in a negative change of 0.85%. This indicates that the balance sheet and financial strength for TrustBank has had no significant changes in recent periods.
In the past year, TrustBank has increased its total deposits by $3.81 million, resulting in 2.49% 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 above average.
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 $178.2 million in assets with $21.77 million in equity, resulting in a capitalization level of 12.22%, which is excellent.
|FDIC Certificate #||14662|
|Assets and Liabilities|
|Equity Capital||$20.13 million|
|Loan Loss Allowance||$1.64 million|
|Unbacked Noncurrent Loans||$756,000|
|Real Estate Owned||$1.54 million|
|Historic Data - March 2013|
|Equity Capital||$20.62 million|
|Loan Loss Allowance||$1.62 million|
|Unbacked Noncurrent Loans||$756,000|
|Real Estate Owned||$1.66 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.26%|
|Return on Assets||0.7%|
|Return on Equity||6.47%|
|Interest Income||$1.58 million|
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|0.30%||-||-||Christmas Club - Automatic Transfer|
|0.20%||-||-||Christmas Club - Non-Automatic Transfer|
|0.10%||$50||-||Health Savings Account|
|0.05%||-||-||R. Banking Friends|
|0.20%||$1m||-||Money Market Max|
|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|
|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|
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|Chandler Branch||3115 South Price Road #130||Chandler, AZ 85248|
|Carbondale Trust Branch||3200 Fishback Road||Carbondale, IL 62901|
|Cisne Branch||401 Park Street||Cisne, IL 62823|
|Richland County Mall Facility||537 North West Street||Olney, IL 62450|
|Trustbank||600 East Main Street||Olney, IL 62450|