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Flanagan State Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.25%Reward CheckingKasasa Cash
0.50%Reward SavingsKasasa Saver
1.51%5-year CD5 Year CD

Overview / Commentary
815-796-2264
301 West Falcon Highway
Flanagan, IL 61740

Flanagan State Bank is headquartered in Flanagan and is the 231st largest bank in the state of Illinois. It is also the 3,310th largest bank in the nation. It was established in 1913 and as of March of 2016, it had grown to 99 employees at 15 locations. Flanagan State Bank has a B+ health rating.

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Reviews (2)

Horrible Experience!

We chose Flanagan State Bank to refinance our mortgage. Everything seemed to be going great, except for after the closing. We had switched insurance companies and the person we were working with, Victor Arreola, was very aware that we had switched. He had even spoke to our new insurance company. Victor promised the new insurance company that they would be cut a check at closing. This never happenned. Victor never returned my emails or my calls. Flanagan State Bank sells their mortgages to Bank of America, which in itself isn't a problem, but when they take no ownership for the mistake they made that is when there is a huge problem. The least we could have got was a sorry we screwed up letter or phone call. Now we are stuck paying our premium for our homeowners ourselves, when we are also paying for it in escrow each month. Horrible customer service and I will never be doing business with them again!

UNPROFESSIONAL BANK

I got a vehicle loan throught Flanagan Bank and everything went great until the final payoff.  My payments were under two hundred dollars, when I went to pay the final payment I was told that my balance was just over $450.  I was then told that I missed payments and there was some interest added on.  When I called to try and figure it out with them they were very unprofessional about it.  I was threatened that they were going to get an attorney because I ask a simple question of when the payment was missed.  If you are thinking about banking with Flanagan State Bank, do yourself the favor and find a different bank. 



Health
B+

Health Grade Components

Overall
FDIC Certificate #11734
Year Established1913
Employees99
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD6.5%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$171.2MM$168.1MM
LoansQ1 2016vs Q1 2015$104.1MM$96.1MM
DepositsQ1 2016vs Q1 2015$152.3MM$150.6MM
Equity CapitalQ1 2016vs Q1 2015$17.2MM$16.4MM
Loan Loss AllowanceQ1 2016vs Q1 2015$1.1MM$1.2MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$1.2MM$577.00K
Real Estate OwnedQ1 2016vs Q1 2015$707.00K$550.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Flanagan State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$100-Variable IRA
0.55%$100-Variable Roth IRA
0.55%$100-Variable CESA
0.55%$100-Variable SEP IRA
0.50%$25-HSA Checking
0.50%*-$10kKasasa Saver
OTHER TIERS: 0.25% $10k+
0.13%$1k-Gold Passbook Savings
0.10%$50-Savings Account

Flanagan State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$50k*-Super Money Market
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $25k | 0.30% $25k - $50k
0.10%$2,500-Money Market Account

Flanagan State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*-$10kKasasa Cash
OTHER TIERS: 0.25% $10k+
0.15%$2,500-Super NOW Checking
0.10%$1k-NOW Checking
0.00%--Kasasa Cash Back

Flanagan State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%$1k-5 Year CD
1.00%$1k-2 Year CD
1.00%$1k-3 Year CD
0.58%$5k-30 Month CD
0.45%*$25k*-1 Year CD
OTHER TIERS: 0.35% $500 - $10k | 0.40% $10k - $25k
0.45%$5k-18 Month CD
0.45%$5k-2 Year Variable CD
0.25%$5k-9 Month CD
0.15%$1k-182 Day CD
0.10%$10k-30 Day CD
0.10%$5k-91 Day CD

Flanagan State Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.56%$500-5 Year IRA
1.05%$500-3 Year IRA
1.00%$500-2 Year IRA
0.40%$500-1 Year IRA
Locations


Flanagan State Bank Locations
Elpaso Branch111 North Fayette StreetEl Paso, IL 61738
Flanagan State Bank301 West Falcon HighwayFlanagan, IL 61740
Bloomington Branch2401 East Washington StreetBloomington, IL 61704
Benson Branch403 State StreetBenson, IL 61516
Gridley Il Branch411 North Center StreetGridley, IL 61744
Leroy Branch500 S Persimmon StLe Roy, IL 61752