The First National Bank of Lacon
LOCATIONS
1
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HEALTH RATING
C+
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CURRENT TOP RATE
2.02% APY
60 Month CD
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Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.02% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
| 1.00% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 0.15% | Savings | 0.27% - National Average |
Overview / Commentary
The First National Bank of Lacon is headquartered in Lacon and is the 359th largest bank in the state of Illinois. It is also the 4,792nd largest bank in the nation. It was established in 1864 and as of December of 2018, it had grown to 13 employees at 1 location. The First National Bank of Lacon's CD rates are 11% higher than the national average, and it has a C+ health rating.
Health
C+
Data as of Q4 2018
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 | 13 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.77% |
| Return on Equity - YTD | 8.88% |
| Annual Interest Income | $2.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $58.6MM$58.0MM |
| Loans | Q4 2018vs Q4 2017 | $43.0MM$41.8MM |
| Deposits | Q4 2018vs Q4 2017 | $52.2MM$52.6MM |
| Equity Capital | Q4 2018vs Q4 2017 | $5.4MM$5.4MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $587.00K$606.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $830.00K$0 |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Rates
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The First National Bank of Lacon Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Passbook Savings |
The First National Bank of Lacon Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $2.5k | - | Money Market Deposit Account |
The First National Bank of Lacon Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $10 | - | NOW Account Checking |
The First National Bank of Lacon CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.02% | $500 | - | 60 Month CD | |
| 1.87% | $500 | - | 48 Month CD | |
| 1.61% | $500 | - | 30 Month CD | |
| 1.26% | $500 | - | 18 Month CD | |
| 1.00% | $2.5k | - | 1 Year CD | |
| 0.80% | $2.5k | - | 182 Day CD | |
| 0.60% | $2.5k | - | 91 Day CD |
The First National Bank of Lacon IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.51% | $100 | - | 18 Month Variable IRA | |
| 1.26% | $100 | - | 18 Month fixed IRA |
Locations
| The First National Bank of Lacon Locations | ||
|---|---|---|
| The First National Bank Of Lacon | 111 South Broad Street | Lacon, IL 61540 |