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First State Bank (Mendota)

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.50%Reward SavingsKasasa Saver
2.50%Reward CheckingKasasa Cash
1.86%5-year CD60 Month CD

Overview / Commentary
815-538-2265
706-8 Washington St.
Mendota, IL 61342

First State Bank (Mendota) is headquartered in Mendota and is the 49th largest bank in the state of Illinois. It is also the 767th largest bank in the nation. It was established in 1940 and as of June of 2017, it had grown to 360 employees at 21 locations. First State Bank (Mendota)'s CD rates are 68% higher than the national average, and it has an A health rating.

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Reviews (2)

Awesome Bank!

I have had an account here since mid 2010. Great yield on the checking (don't forget to select "E statements"), great service if you need to speak with anyone on the phone, ATM's reimbursed if you follow the protocols. I even got reimbursed ATM's with no foreign exchange fees when I went to Europe in 2012 (hopefully that's still the case). The web interface does the job ok.

Decent bank for a small town

First State Bank is located in the very small town of Mendota, IL in which I live. I decided to open an account there because there were no branches within walking distance for other banks of which I already held accounts. The employees had a typical level of professionalism for a small rural town, so they were not extremely friendly, but they were genuinely warm and accommodating. The process of opening a checking account was relatively painless and I was able to access online banking within a couple days. When I needed to cash a larger-than-average check in my new account there was a lot of confusion about whether I should be allowed to do so. After some fuss, I was able to withdraw funds from the newly deposited cashier's check that same day, so all-in-all the bank delivers what one would expect, even if the professionalism and competence is less than that of other banks. Although not perfect, I would recommend this bank to people moving to this town. It delivers what you need.



Health

Health Grade Components

Overall
FDIC Certificate #15752
Year Established1940
Employees360
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD7.47%
Annual Interest Income$18.2MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$986.2MM$920.2MM
LoansQ2 2017vs Q2 2016$808.0MM$728.2MM
DepositsQ2 2017vs Q2 2016$831.0MM$764.3MM
Equity CapitalQ2 2017vs Q2 2016$85.5MM$77.6MM
Loan Loss AllowanceQ2 2017vs Q2 2016$9.3MM$7.9MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$5.7MM$5.8MM
Real Estate OwnedQ2 2017vs Q2 2016$331.00K$3.9MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First State Bank (Mendota) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Kasasa Saver

First State Bank (Mendota) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*-$25kKasasa Cash
OTHER TIERS: 0.25% $25k+

First State Bank (Mendota) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.06%$1k-48 Month CD
1.86%$1k-60 Month CD
1.86%$1k-96 Month CD
1.71%$1k-34 Month CD Special
1.51%$1k-12 Month CD
1.40%$1k-30 Month CD
1.40%$1k-36 Month CD
1.20%$1k-24 Month CD
1.20%$1k-7 Month CD Special
1.10%$1k-18 Month CD
0.75%$2,500-182 Day CD
0.50%$2,500-91 Day CD

First State Bank (Mendota) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.06%$1k-48 Month IRA
1.86%$1k-60 Month IRA
1.86%$1k-96 Month IRA
1.71%$1k-34 Month IRA Special
1.51%$1k-12 Month IRA
1.40%$1k-30 Month IRA
1.40%$1k-36 Month IRA
1.20%$1k-24 Month IRA
1.20%$1k-7 Month IRA Special
1.10%$1k-18 Month IRA
0.75%$1k-182 Day IRA
0.50%$1k-91 Day IRA
Locations

Availability