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Bank of Farmington


Overview / Commentary
www.bankoffarmington.com
309-245-2441
16 North Main Street
Farmington, IL 61531

Bank of Farmington is headquartered in Farmington and is the 208th largest bank in the state of Illinois. It is also the 3,056th largest bank in the nation. It was established in 1903 and as of December of 2019, it had grown to 39 employees at 5 locations. Bank of Farmington's money market rates are 59% higher than the national average, and it has an A health rating.

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Health
A

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #11732
Year Established1903
Employees39
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD5.14%
Annual Interest Income$7.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$180.2MM$175.8MM
LoansQ4 2019vs Q4 2018$115.4MM$120.6MM
DepositsQ4 2019vs Q4 2018$157.5MM$153.9MM
Equity CapitalQ4 2019vs Q4 2018$21.1MM$19.8MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.4MM$1.2MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$272.00K$514.00K
Real Estate OwnedQ4 2019vs Q4 2018$58.00K$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bank of Farmington Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$1k-Choice Savings
0.06%--Savings
0.06%$10-Christmas Club Account

Bank of Farmington Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%*$250k*-Premiere Money Market
OTHER TIERS: 0.15% → $1k - $10k | 0.25% → $10k - $25k | 0.30% → $25k - $50k | 0.40% → $50k - $100k | 0.50% → $100k - $150k | 0.60% → $150k - $250k

Bank of Farmington Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$50k*-Investment Checking
OTHER TIERS: 0.03% → $1k - $10k | 0.05% → $10k - $25k | 0.07% → $25k - $50k

Bank of Farmington CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$1k-60 Month CD
0.80%$1k-48 Month CD
0.70%$1k-36 Month CD
0.60%$1k-30 Month CD
0.55%$1k-24 Month CD
0.50%$1k-18 Month CD
0.40%$1k-12 Month CD
0.30%$1k-6 Month CD
0.20%$1k-3 Month CD

Bank of Farmington IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-18 Month Variable IRA
1.00%$1k-18 Month Variable Roth IRA
Locations


Bank of Farmington Locations
Bank Of Farmington16 North Main StreetFarmington, IL 61531
Bank Of Farmington At Canton Branch2115 N Main StCanton, IL 61520
North Frostwood Branch6824 N. Frostwood PkwyPeoria, IL 61615
Williamsfield Br206 Lions DriveWilliamsfield, IL 61489

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