Overview / Commentary
The First National Bank of Lacon is headquartered in Lacon and is the 338th largest bank in the state of Illinois. It is also the 4,597th largest bank in the nation. It was established in 1864 and as of June of 2019, it had grown to 12 employees at 1 location. The First National Bank of Lacon's CD rates are 11% higher than the national average, and it has a B health rating.
Health
B
Data as of Q2 2019
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 | 1.05% |
| Return on Equity - YTD | 11.34% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $65.4MM$68.7MM |
| Loans | Q2 2019vs Q2 2018 | $43.3MM$41.2MM |
| Deposits | Q2 2019vs Q2 2018 | $59.6MM$63.3MM |
| Equity Capital | Q2 2019vs Q2 2018 | $5.7MM$5.3MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $594.00K$606.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $32.00K$16.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Rates
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The First National Bank of Lacon Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Passbook Savings |
The First National Bank of Lacon Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $2.5k | - | Money Market Deposit Account |
The First National Bank of Lacon Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $10 | - | NOW Account Checking |
The First National Bank of Lacon CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.66% | $500 | - | 60 Month CD | |
| 1.61% | $500 | - | 48 Month CD | |
| 1.51% | $500 | - | 30 Month CD | |
| 1.26% | $500 | - | 18 Month CD | |
| 1.00% | $2.5k | - | 1 Year CD | |
| 0.60% | $2.5k | - | 182 Day CD | |
| 0.50% | $2.5k | - | 91 Day CD |
The First National Bank of Lacon IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.01% | $100 | - | 18 Month Variable IRA | |
| 0.85% | $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 |