Solutions Bank (IL)

Overview / Commentary

www.solutions.bank

815-938-3121

200 Main Street
Forreston, IL 61030

Solutions Bank (IL) is headquartered in Forreston and is the 129^th largest bank in the state of Illinois. It is also the 2,151^st largest bank in the nation. It was established in 1887 and as of December of 2020, it had grown to 43 employees at 5 locations. Solutions Bank (IL) has an A+ health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

A+

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	11741
Year Established	1887
Employees	43
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.41%
Return on Equity - YTD	13.25%
Annual Interest Income	$10.8MM

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$349.1MM$218.5MM
Loans	Q4 2020vs Q4 2019	$153.0MM$147.7MM
Deposits	Q4 2020vs Q4 2019	$272.2MM$170.9MM
Equity Capital	Q4 2020vs Q4 2019	$36.6MM$20.3MM
Loan Loss Allowance	Q4 2020vs Q4 2019	$2.3MM$1.2MM
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$31.00K$39.00K
Real Estate Owned	Q4 2020vs Q4 2019	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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

APY	MIN	MAX	ACCOUNT NAME
0.50%	-	-	Health Savings Account
0.50%	-	-	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

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$50k^*	-	Money Market
OTHER TIERS: 0.10% → Up to $25k \| 0.20% → $25k - $50k
0.25%^*	$50k^*	-	Business Money Market
OTHER TIERS: 0.10% → Up to $25k \| 0.20% → $25k - $50k

Solutions Bank (IL) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	-	$10k	Rewards Checking
OTHER TIERS: 0.50% → $10k+
0.10%	-	-	Senior Checking

Solutions Bank (IL) CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%	$1k	-	21 Month CD Special
0.35%	$1k	-	Business 21 Month CD Special
0.30%	$1k	-	24 Month CD
0.30%	$1k	-	36 Month CD
0.30%	$1k	-	Business 24 Month CD
0.30%	$1k	-	Business 36 Month CD
0.20%	$1k	-	12 Month CD
0.20%	$1k	-	Business 12 Month CD
0.15%	$1k	-	6 Month CD
0.15%	$1k	-	Business 6 Month CD
0.10%	$1k	-	3 Month CD
0.10%	$1k	-	Business 3 Month CD

Solutions Bank (IL) IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%	$100	-	18 Month Fixed IRA
0.25%	$100	-	Business 18 Month Fixed IRA

Locations

Solutions Bank (IL) Locations
Forreston State Bank	200 E Main St	Forreston, IL 61030
Freeport Branch	996 West Fairview Road	Freeport, IL 61032
Kent Branch	717 North Kent Road	Kent, IL 61044
The Poplar Grove State Branch	109 North State Street	Poplar Grove, IL 61065
Menge Lane Branch	4111 Menge Lane	Poplar Grove, IL 61065

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.