Illinois Bank & Trust


Overview / Commentary
815-637-7000
4571 Guilford Rd
Rockford, IL 61107

Illinois Bank & Trust is headquartered in Rockford and is the 35th largest bank in the state of Illinois. It is also the 635th largest bank in the nation. It was established in 1995 and as of June of 2022, it had grown to 80 employees at 6 locations. Illinois Bank & Trust has an A health rating.

Reviews (3)

Rewards Checking Still 3.01%

Posted by: |

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.



Health

Health Grade Components

Overall
FDIC Certificate #34076
Year Established1995
Employees80
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.53%
Return on Equity - YTD20.46%
Annual Interest Income$24.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.70B$1.67B
LoansQ2 2022vs Q2 2021$836.7MM$840.0MM
DepositsQ2 2022vs Q2 2021$1.58B$1.51B
Equity CapitalQ2 2022vs Q2 2021$109.4MM$150.9MM
Loan Loss AllowanceQ2 2022vs Q2 2021$7.1MM$9.1MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$706.00K$1.3MM
Real Estate OwnedQ2 2022vs Q2 2021$68.00K$1.8MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Illinois Bank & Trust; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Illinois Bank & Trust Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$250k*-Signature Series Savings
OTHER TIERS: 0.10% $50k - $150k | 0.15% $150k - $250k
0.05%*$50k*-Platinum Savings
OTHER TIERS: 0.01% Up to $50k
0.01%$100-Regular Savings
0.01%--IRA Savings

Illinois Bank & Trust Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%--Regular Money Market Savings
0.01%--Premium Money Market Savings

Illinois Bank & Trust Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$250k*-Signature Series Checking
OTHER TIERS: 0.05% $50k - $150k | 0.10% $150k - $250k
0.05%*$50k*-Platinum Checking
OTHER TIERS: 0.01% Up to $50k

Illinois Bank & Trust CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$1k-48 Month CD
0.75%$1k-60 Month CD
0.70%$1k-36 Month CD
0.60%$1k-24 Month CD
0.55%$1k-18 Month CD
0.50%$1k-12 Month CD
0.25%$1k-6 Month CD
0.10%$1k-3 Month CD

Illinois Bank & Trust IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$1k-48 Month IRA
0.25%$1k-60 Month IRA
0.20%$1k-36 Month IRA
0.15%$1k-24 Month IRA
0.10%$1k-12 Month IRA
0.10%$1k-18 Month Add on
0.05%$1k-6 Month IRA
0.01%$1k-3 Month IRA
Locations


Illinois Bank & Trust Locations
Rt. 173 Banking Center Branch1515 West Lane RdMachesney Park, IL 61115
Sterling Banking Center2403 North Locust StreetSterling, IL 61081
Harrison Avenue Branch2625 Stowmarket AvenueRockford, IL 61109
Illinois Bank & Trust4571 Guilford RdRockford, IL 61107
South Main Facility400 South Main StreetGalena, IL 61036
Stewart Square Office Branch308 W. State Street Suite 100Rockford, IL 61101
Rockford Branch6855 E Riverside BlvdRockford, IL 61114
Galena Branch716 S. Bench StreetGalena, IL 61036

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