First State Bank (Mendota)

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

First State Bank (Mendota) is headquartered in MENDOTA and is the 41st largest bank in the state of Illinois. It is also the 708th largest bank in the nation. It was established in 1940 and as of March of 2023, it had grown to 343 employees at 20 locations. First State Bank (Mendota)'s CD rates are 4X the national average, and it has a B+ health rating.

Reviews (3)

Spectacular Bank

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 doesn't matter that we are 3 hours away!

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 Grade Components

FDIC Certificate #15752
Year Established1940
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD4.74%
Annual Interest Income$15.5MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$1.53B$1.44B
LoansQ1 2023vs Q1 2022$1.19B$1.03B
DepositsQ1 2023vs Q1 2022$1.22B$1.26B
Equity CapitalQ1 2023vs Q1 2022$138.4MM$139.1MM
Loan Loss AllowanceQ1 2023vs Q1 2022$16.6MM$16.6MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$2.8MM$3.1MM
Real Estate OwnedQ1 2023vs Q1 2022$132.00K$2.2MM
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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) Checking Account Rates

2.00%*-$25kFSB Premier Checking
OTHER TIERS: 0.15% $25k+

First State Bank (Mendota) CD Rates

4.66%$1k-9 Month CD Special
4.30%$1k-19 Month Online CD Special
4.25%$1k-28 Month CD Special
3.55%$2.5k-91 Day CD
3.53%$2.5k-182 Day CD
3.53%$1k-12 Month CD
3.28%$1k-18 Month CD
3.02%$1k-24 Month CD
3.02%$1k-30 Month CD
2.77%$1k-60 Month CD
2.52%$1k-96 Month CD
2.52%$1k-36 Month CD
2.52%$1k-48 Month CD

First State Bank (Mendota) IRA Rates

4.66%$1k-9 Month IRA Special
4.30%$1k-19 Month Online IRA Special
4.25%$1k-28 Month IRA Special
3.55%$1k-91 Day IRA
3.53%$1k-182 Day IRA
3.53%$1k-12 Month IRA
3.28%$1k-18 Month IRA
3.02%$1k-24 Month IRA
3.02%$1k-30 Month IRA
2.77%$1k-60 Month IRA
2.52%$1k-36 Month IRA
2.52%$1k-48 Month IRA
2.52%$1k-96 Month IRA


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