Solutions Bank (IL) is headquartered in Forreston and is the 129th largest bank in the state of Illinois. It is also the 2,151st 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.
Overall | |
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FDIC Certificate # | 11741 |
Year Established | 1887 |
Employees | 43 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.41% |
Return on Equity - YTD | 13.25% |
Annual Interest Income | $10.8MM |
Assets and Liabilities | ||
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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 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.00%* | - | $10k | Rewards Checking | ||
OTHER TIERS: 0.50% → $10k+ | |||||
0.10% | - | - | Senior Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.25% | $100 | - | 18 Month Fixed IRA | |
0.25% | $100 | - | Business 18 Month Fixed IRA |
Solutions Bank (IL) Locations | ||
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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 |