Bank of Chestnut is located in the Village of Chestnut, Illinois, which is the geographic center of the State.  The bank was established on January 1, 1902.  Bank of Chestnut has been FDIC insured since January 1, 1934.  Bank of Chestnut is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  As of December 2008, Bank of Chestnut had total assets of $16,178,000 and total deposits of $14,459,000.  For the full year, the bank net income stood at $97,000.  Bank of Chestnut has approximately five full time employees.

Bank of Chestnut most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 6.52% 
Cost of funding earning assets 2.59% 
Net interest margin 3.93%
Return on assets (ROA) 0.61%
Return on equity (ROE) 7.17%
Noncurrent loans to loans 2.17%
Equity capital to assets 8.74% 
Core capital (leverage) ratio 8.59% 
Tier 1 risk-based capital ratio 13.85% 
Total risk-based capital ratio 15.12%
 
Bank of Chestnut products and services:

Basic checking account, regular checking account, NOW accounts, super NOW accounts, money market account, savings account, Christmas club account, certificates of deposit, IRA’s, Traveler’s checks, wire transfer and cashier’s check.  The Bank of Chestnut offers consumer, real estate, commercial and agricultural loans.

Bank of Chestnut bank locations:

100 Olive Street
Box 80
Chestnut, Illinois 62518
Main number 217-796-3305
Fax number 217-796-3307

Bank of Chestnut web address: www.bankofchestnut.com

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