Illinois Bank & Trust is headquartered in DENVER and is the 2nd largest bank in the state of Colorado. It is also the 152nd largest bank in the nation. It was established in 2006 and as of March of 2023, it had grown to 1,455 employees at 51 locations. Illinois Bank & Trust's money market rates are 9X the national average, and it has an A health rating.
Rewards Checking Still 3.01%
On balances up to $20,000.. Great know the customer local Community Bank Service!
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 Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58458 |
| Year Established | 2006 |
| Employees | 1455 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.29% |
| Return on Equity - YTD | 14.64% |
| Annual Interest Income | $115.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $10.51B$2.65B |
| Loans | Q1 2023vs Q1 2022 | $6.30B$1.43B |
| Deposits | Q1 2023vs Q1 2022 | $9.28B$2.28B |
| Equity Capital | Q1 2023vs Q1 2022 | $956.1MM$347.3MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $60.2MM$16.6MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $17.6MM$3.7MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $1.6MM$663.00K |