Illinois Bank & Trust is headquartered in Rockford and is the 35th largest bank in the state of Illinois. It is also the 643rd largest bank in the nation. It was established in 1995 and as of December of 2021, it had grown to 88 employees at 10 locations. Illinois Bank & Trust has an A health rating.
Rewards Checking Still 3.01%
On balances up to $20,000.. Great know the customer local Community Bank Service!
Fees Fees Fees
2021 covid overdraft fee's.. like taking candy from a baby.. there are tons of banks now offering better online banking services with no ridiculous fees
Poor Customer Service
I have been a customer for several years, and prior to the merger a few years back, I was always happy with the customer service and hometown feel. In December of last year I had to undergo a double mastectomy, ending up hospitalized for a week, I lost my job and was going through a divorce. I spoke with a personal banker, knowing that I would have difficulties financially; fast forward to no empathy, no options and I am now -1,600 with an account that I thought was paid and closed.
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34076 |
| Year Established | 1995 |
| Employees | 88 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.34% |
| Return on Equity - YTD | 14.66% |
| Annual Interest Income | $49.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $1.69B$1.53B |
| Loans | Q4 2021vs Q4 2020 | $830.8MM$870.3MM |
| Deposits | Q4 2021vs Q4 2020 | $1.50B$1.34B |
| Equity Capital | Q4 2021vs Q4 2020 | $145.1MM$148.4MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $7.8MM$11.0MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $875.00K$3.5MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $804.00K$1.5MM |