Overview / Commentary
The First National Bank of Lacon is headquartered in Lacon and is the 326th largest bank in the state of Illinois. It is also the 4,407th largest bank in the nation. It was established in 1864 and as of June of 2020, it had grown to 12 employees at 1 location. The First National Bank of Lacon has a B+ health rating.
Health
B+
Data as of Q2 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. The First National Bank of Lacon has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3688 |
| Year Established | 1864 |
| Employees | 12 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.25% |
| Return on Equity - YTD | 13.61% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $72.8MM$65.4MM |
| Loans | Q2 2020vs Q2 2019 | $45.7MM$43.3MM |
| Deposits | Q2 2020vs Q2 2019 | $63.7MM$59.6MM |
| Equity Capital | Q2 2020vs Q2 2019 | $6.0MM$5.7MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $597.00K$594.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $52.00K$32.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |