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Overview / Commentary
602 North Route 49
Casey, IL 62420

Preferred Bank (IL) is headquartered in Casey and is the 393rd largest bank in the state of Illinois. It is also the 5,268th largest bank in the nation. It was established in 1999 and as of March of 2017, it had grown to 12 employees at 1 location. Preferred Bank (IL) has a C+ health rating.

Reviews (1)

Not A Very Good Bank

Posted by: Anonymous | Jun 11, 2012

This bank has a rude and untrained staff.

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Preferred Bank (IL) has a relatively low asset base.

Health Grade Components

FDIC Certificate #34900
Year Established1999
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD3.19%
Annual Interest Income$512.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$51.9MM$53.8MM
LoansQ1 2017vs Q1 2016$35.6MM$35.5MM
DepositsQ1 2017vs Q1 2016$46.6MM$48.5MM
Equity CapitalQ1 2017vs Q1 2016$5.3MM$5.3MM
Loan Loss AllowanceQ1 2017vs Q1 2016$793.00K$745.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$1.0MM$1.3MM
Real Estate OwnedQ1 2017vs Q1 2016$0$14.00K

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Preferred Bank (IL) Locations
Preferred Bank602 North Route 49Casey, IL 62420