Bank of Herrin

Overview / Commentary
101 South Park Avenue
Herrin, IL 62948

Bank of Herrin is headquartered in HERRIN and is the 151st largest bank in the state of Illinois. It is also the 2,386th largest bank in the nation. It was established in 1904 and as of September of 2023, it had grown to 57 employees at 5 locations. Bank of Herrin's CD rates are 44% higher than the national average, and it has a C+ health rating.


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Health Grade Components

FDIC Certificate #11310
Year Established1904
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.24%
Return on Equity - YTD39.55%
Annual Interest Income$9MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$314.2MM$285.6MM
LoansQ3 2023vs Q3 2022$189MM$167.9MM
DepositsQ3 2023vs Q3 2022$285.5MM$278.5MM
Equity CapitalQ3 2023vs Q3 2022$8.2MM$6.8MM
Loan Loss AllowanceQ3 2023vs Q3 2022$2.2MM$4MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$1.4MM$403K
Real Estate OwnedQ3 2023vs Q3 2022$0$10K
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Always verify rates and promotions with the bank or credit union. We are not Bank of Herrin; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bank of Herrin Savings Account Rates

0.25%$3-Christmas Club Account
0.10%$50-Statement Savings Account

Bank of Herrin Money Market Rates

0.30%*$25k*-Money Market Deposit Account (MMDA)
OTHER TIERS: 0.20% Up to $2.5k | 0.25% $2.5k - $25k

Bank of Herrin Checking Account Rates

1.11%*-$25kReward Checking
OTHER TIERS: 0.25% $25k+
0.15%*$2.5k*-Account Plus
OTHER TIERS: 0.05% $500 - $1k | 0.10% $1k - $2.5k
0.10%*$2.5k*-Tiered NOW Checking
OTHER TIERS: 0.05% $1k - $2.5k

Bank of Herrin CD Rates

5.06%$1k-6 Month CD Special
1.53%$1k-36 Month CD
1.53%$1k-48 Month CD
1.53%$1k-60 Month CD
1.32%$1k-24 Month CD
1.32%$1k-30 Month CD
1.30%$1k-12 Month CD
1.21%$1k-18 Month CD
0.95%$1k-182 Day CD
0.50%$1k-91 Day CD

Bank of Herrin IRA Rates

1.53%$1k-36 Month IRA
1.53%$1k-48 Month IRA
1.53%$1k-60 Month IRA
1.32%$1k-24 Month IRA
1.32%$1k-30 Month IRA
1.30%$1k-12 Month IRA
1.21%$1k-18 Month IRA

Bank of Herrin Locations
Carterville Facility1001 South DivisionCarterville, IL 62918
The Bank Of Herrin101 S Park AveHerrin, IL 62948
Marion Banking Center Branch102 Comfort DrMarion, IL 62959
Energy FacilityState Route 148 At Ford StreetEnergy, IL 62933
Cambria Facility501 S Maple StCambria, IL 62915

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