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Overview / Commentary
602 North Route 49
Casey, IL 62420

Preferred Bank (IL) is headquartered in Casey and is the 387th largest bank in the state of Illinois. It is also the 5,154th largest bank in the nation. It was established in 1999 and as of September of 2017, it had grown to 14 employees at 1 location. Preferred Bank (IL) has a B 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 - YTD0.61%
Return on Equity - YTD5.83%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$52.8MM$51.7MM
LoansQ3 2017vs Q3 2016$36.9MM$36.3MM
DepositsQ3 2017vs Q3 2016$47.2MM$46.2MM
Equity CapitalQ3 2017vs Q3 2016$5.5MM$5.4MM
Loan Loss AllowanceQ3 2017vs Q3 2016$786.00K$788.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$1.2MM$1.1MM
Real Estate OwnedQ3 2017vs Q3 2016$51.00K$8.00K

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