First State Bank (Mendota) is headquartered in Mendota and is the 44th largest bank in the state of Illinois. It is also the 749th largest bank in the nation. It was established in 1940 and as of September of 2021, it had grown to 331 employees at 19 locations. First State Bank (Mendota) has an A+ health rating.
We opened up an account in 2014. Since then we have earned 2.5% interest on our checking account. The customer service is always top-notch when we have a question. We have recommended this bank to family and friends, who have greatly enjoyed joining also. Mobile depositing of checks is so easy...it doesn't matter that we are 3 hours away!
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.
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.
|FDIC Certificate #||15752|
|Return on Assets - YTD||1.18%|
|Return on Equity - YTD||11.18%|
|Annual Interest Income||$37.3MM|
|Assets and Liabilities|
|Assets||Q3 2021vs Q3 2020||$1.37B$1.32B|
|Loans||Q3 2021vs Q3 2020||$988.4MM$1.04B|
|Deposits||Q3 2021vs Q3 2020||$1.18B$1.13B|
|Equity Capital||Q3 2021vs Q3 2020||$148.7MM$136.5MM|
|Loan Loss Allowance||Q3 2021vs Q3 2020||$16.3MM$14.9MM|
|Unbacked Noncurrent Loans||Q3 2021vs Q3 2020||$4.4MM$13.2MM|
|Real Estate Owned||Q3 2021vs Q3 2020||$2.6MM$2.6MM|
Rates for First State Bank (Mendota) are currently being reviewed.