Solutions Bank (IL)


Overview / Commentary
815-938-3121
200 Main Street
Forreston, IL 61030

Solutions Bank (IL) is headquartered in Forreston and is the 177th largest bank in the state of Illinois. It is also the 2,710th largest bank in the nation. It was established in 1887 and as of June of 2020, it had grown to 32 employees at 3 locations. Solutions Bank (IL) has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #11741
Year Established1887
Employees32
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.99%
Return on Equity - YTD21.83%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$242.3MM$213.8MM
LoansQ2 2020vs Q2 2019$130.4MM$135.3MM
DepositsQ2 2020vs Q2 2019$184.5MM$165.6MM
Equity CapitalQ2 2020vs Q2 2019$21.9MM$25.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$2.2MM$1.2MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$34.00K$87.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Health Savings Account
0.50%--Business Health Savings Account
0.15%--SaveUp Savings - w/ $10 or more Automatic Recurring Transfer monthly
0.15%--Business SaveUp Savings - w/ $10 or more Automatic Recurring Transfer monthly
0.10%--Christmas Club Savings
0.10%--SaveUp Savings - w/o Automatic Recurring Transfer monthly
0.10%--Business Christmas Club Savings
0.10%--Business SaveUp Savings - w/o Automatic Recurring Transfer monthly

Solutions Bank (IL) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW 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

Solutions Bank (IL) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$10kRewards Checking
OTHER TIERS: 0.50% $10k+
0.10%--Senior Checking

Solutions Bank (IL) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$1k-36 Month CD
0.60%$1k-48 Month CD
0.60%$1k-Business 36 Month CD
0.60%$1k-Business 48 Month CD
0.55%$1k-21 Month CD Special
0.55%$1k-Business 21 Month CD Special
0.50%$1k-24 Month CD
0.50%$1k-Business 24 Month CD
0.30%$1k-12 Month CD
0.30%$1k-Business 12 Month CD
0.25%$1k-6 Month CD
0.25%$1k-Business 6 Month CD
0.20%$1k-3 Month CD
0.20%$1k-Business 3 Month CD

Solutions Bank (IL) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$100-18 Month Fixed IRA
0.25%$100-Business 18 Month Fixed IRA
Locations


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

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