Solutions Bank (IL)

Overview / Commentary
200 E Main St
Forreston, IL 61030

Solutions Bank (IL) is headquartered in Forreston and is the 109th largest bank in the state of Illinois. It is also the 1,917th largest bank in the nation. It was established in 1887 and as of June of 2022, it had grown to 59 employees at 7 locations. Solutions Bank (IL)'s CD rates are 3X the national average, and it has an A health rating.


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Health Grade Components

FDIC Certificate #11741
Year Established1887
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD11.06%
Annual Interest Income$6.7MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$438.1MM$316.0MM
LoansQ2 2022vs Q2 2021$208.2MM$144.3MM
DepositsQ2 2022vs Q2 2021$407.9MM$276.7MM
Equity CapitalQ2 2022vs Q2 2021$24.1MM$39.1MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.9MM$1.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$63.00K$0
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not Solutions Bank (IL); 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.

Solutions Bank (IL) Savings Account Rates

0.25%--Health Savings Account
0.25%--Business Health Savings Account
0.10%--SaveUp Savings - w/ $10 or more Automatic Recurring Transfer monthly
0.10%--Business SaveUp Savings - w/ $10 or more Automatic Recurring Transfer monthly
0.05%--Christmas Club Savings
0.05%--SaveUp Savings - w/o Automatic Recurring Transfer monthly
0.05%--Business Christmas Club Savings
0.05%--Business SaveUp Savings - w/o Automatic Recurring Transfer monthly

Solutions Bank (IL) Money Market Rates

0.40%*$50k*-Money Market
OTHER TIERS: 0.25% Up to $25k | 0.35% $25k - $50k
0.40%*$50k*-Business Money Market
OTHER TIERS: 0.25% Up to $25k | 0.35% $25k - $50k

Solutions Bank (IL) Checking Account Rates

0.75%*-$10kRewards Checking
OTHER TIERS: 0.25% $10k+

Solutions Bank (IL) CD Rates

2.78%$1k-10 Month CD
2.78%$1k-Business 10 Month CD
2.52%$1k-12 Month CD
2.52%$1k-Business 12 Month CD
2.02%$1k-6 Month CD
2.02%$1k-Business 6 Month CD
1.76%$1k-24 Month CD
1.76%$1k-Business 24 Month CD
1.66%$1k-9 Month CD
1.66%$1k-Business 9 Month CD
1.51%$1k-36 Month CD
1.51%$1k-Business 36 Month CD
0.75%$1k-3 Month CD
0.75%$1k-Business 3 Month CD

Solutions Bank (IL) IRA Rates

0.60%$100-18 Month Fixed IRA
0.60%$100-Business 18 Month Fixed IRA

Solutions Bank (IL) Locations
Forreston State Bank200 E Main StForreston, IL 61030
Freeport Branch996 West Fairview RoadFreeport, IL 61032
Kent Branch717 North Kent RoadKent, IL 61044
The Poplar Grove State Branch109 North State StreetPoplar Grove, IL 61065
Menge Lane Branch4111 Menge LanePoplar Grove, IL 61065
Best Road Facility13697 Best RoadDavis, IL 61019
Durand Branch1005 Cameron DriveDurand, IL 61024

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