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Overview / Commentary
602 North Route 49
Casey, IL 62420

Preferred Bank (IL) is headquartered in Casey and is the 388th largest bank in the state of Illinois. It is also the 5,192nd largest bank in the nation. It was established in 1999 and as of June of 2017, it had grown to 11 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 - YTD0.5%
Return on Equity - YTD4.84%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$52.5MM$53.5MM
LoansQ2 2017vs Q2 2016$35.8MM$36.9MM
DepositsQ2 2017vs Q2 2016$46.9MM$48.1MM
Equity CapitalQ2 2017vs Q2 2016$5.5MM$5.3MM
Loan Loss AllowanceQ2 2017vs Q2 2016$771.00K$755.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$1.1MM$1.1MM
Real Estate OwnedQ2 2017vs Q2 2016$10.00K$14.00K

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