Overview / Commentary
The First National Bank of Sparta is headquartered in Sparta and is the 322nd largest bank in the state of Illinois. It is also the 4,387th largest bank in the nation. It was established in 1885 and as of June of 2019, it had grown to 16 employees at 1 location. The First National Bank of Sparta has an A health rating.
Health
A
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 Sparta has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3837 |
| Year Established | 1885 |
| Employees | 16 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.67% |
| Return on Equity - YTD | 12.76% |
| Annual Interest Income | $1.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $79.0MM$76.9MM |
| Loans | Q2 2019vs Q2 2018 | $38.2MM$38.9MM |
| Deposits | Q2 2019vs Q2 2018 | $63.8MM$64.1MM |
| Equity Capital | Q2 2019vs Q2 2018 | $10.9MM$9.9MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $532.00K$536.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $173.00K$204.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$231.00K |
Rates
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The First National Bank of Sparta Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.55% | - | - | College Club | |
| 0.25% | $100 | - | Regular Savings |
The First National Bank of Sparta Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $1k | - | Money Market |
The First National Bank of Sparta Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $1k | - | Super Now | |
| 0.05% | $750 | - | Now Account |
The First National Bank of Sparta CD Rates
Locations
| The First National Bank of Sparta Locations | ||
|---|---|---|
| The First National Bank Of Sparta | Broadway and Market Streets | Sparta, IL 62286 |