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.
Overall | |
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FDIC Certificate # | 11741 |
Year Established | 1887 |
Employees | 59 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.97% |
Return on Equity - YTD | 11.06% |
Annual Interest Income | $6.7MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $438.1MM$316.0MM |
Loans | Q2 2022vs Q2 2021 | $208.2MM$144.3MM |
Deposits | Q2 2022vs Q2 2021 | $407.9MM$276.7MM |
Equity Capital | Q2 2022vs Q2 2021 | $24.1MM$39.1MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $1.9MM$1.4MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $63.00K$0 |
Real Estate Owned | Q2 2022vs Q2 2021 | $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 | |
---|---|---|---|---|---|
0.40%* | $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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.75%* | - | $10k | Rewards Checking | ||
OTHER TIERS: 0.25% → $10k+ |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.60% | $100 | - | 18 Month Fixed IRA | |
0.60% | $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 |
Best Road Facility | 13697 Best Road | Davis, IL 61019 |
Durand Branch | 1005 Cameron Drive | Durand, IL 61024 |