Bank of Herrin

Overview / Commentary

www.bankofherrin.com

618-942-6666

101 South Park Avenue
Herrin, IL 62948

Bank of Herrin is headquartered in Herrin and is the 159^th largest bank in the state of Illinois. It is also the 2,486^th largest bank in the nation. It was established in 1904 and as of June of 2022, it had grown to 54 employees at 5 locations. Bank of Herrin's CD rates are 46% higher than the national average, and it has a B+ health rating.

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Health

B+

Data as of Q2 2022

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Health Grade Components

Overall
FDIC Certificate #	11310
Year Established	1904
Employees	54
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.19%
Return on Equity - YTD	20.49%
Annual Interest Income	$4.7MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$299.0MM$302.0MM
Loans	Q2 2022vs Q2 2021	$164.9MM$164.4MM
Deposits	Q2 2022vs Q2 2021	$286.8MM$276.4MM
Equity Capital	Q2 2022vs Q2 2021	$11.9MM$25.4MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$4.0MM$3.9MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$656.00K$1.2MM
Real Estate Owned	Q2 2022vs Q2 2021	$0$415.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%	$3	-	Christmas Club Account
0.10%	$50	-	Statement Savings Account

Bank of Herrin Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$25k^*	-	Money Market Deposit Account (MMDA)
OTHER TIERS: 0.05% → Up to $2.5k \| 0.10% → $2.5k - $25k
0.15%^*	$25k^*	-	Business Money Market Deposit Account (MMDA)
OTHER TIERS: 0.05% → Up to $2.5k \| 0.10% → $2.5k - $25k

Bank of Herrin Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.11%^*	-	$25k	Reward Checking
OTHER TIERS: 0.25% → $25k+
0.15%^*	$2.5k^*	-	Account Plus
OTHER TIERS: 0.05% → $500 - $1k \| 0.10% → $1k - $2.5k
0.15%^*	$2.5k^*	-	Business 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
0.10%^*	$2.5k^*	-	Business Tiered NOW Checking
OTHER TIERS: 0.05% → $1k - $2.5k

Bank of Herrin CD Rates

APY	MIN	MAX	ACCOUNT NAME
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
1.31%	$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

APY	MIN	MAX	ACCOUNT NAME
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
1.31%	$1k	-	12 Month IRA
1.21%	$1k	-	18 Month IRA

Locations

Bank of Herrin Locations
Energy Facility	State Route 148 At Ford Street	Energy, IL 62933
Cambria Facility	501 S Maple St	Cambria, IL 62915
Carterville Facility	1001 South Division	Carterville, IL 62918
The Bank Of Herrin	101 S Park Ave	Herrin, IL 62948
Marion Banking Center Branch	102 Comfort Dr	Marion, IL 62959

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