About First National Bank in Olney
The First National Bank in Olney began operations in Richland County, Illinois in 1934 with six employees, total assets of $695,748 and capital accounts at $100,000.
Our operations now include seven locations in Olney, Oblong, Robinson, Noble and Ingraham, Illinois.
Our assets have grown to $311.4 million with capital of $29.7 million.
To promote the First National Bank in Olney as the preferred bank in Richland, Clay, Crawford and Jasper counties, and the surrounding communities, and as the premier provider of financial services for our customers, employment and education for our employees, and a sound investment for our shareholders.
The Bank's Mission
The First National Bank in Olney is an independent, locally owned and managed provider of financial services that is dedicated to serving Richland, Clay, Crawford and Jasper Counties with quality products and services designed to maintain a profitable relationship with its customer base, and to support our role in attracting, retaining and motivating quality employees, and providing our shareholders with growing value.
Summit Bancshares, Ltd and the First National Bank in Olney Board of Directors
(Seated, left to right) John Kaare, Randy L. Kistler, Bruce A. Peters and Kevin G. Ochs
(Standing, left to right) Brad Harmon, John L. Fye,III, Frank J. Weber and Jim Knollenberg
Condensed Statement of the Condition of
FIRST NATIONAL BANK IN OLNEY
December 31, 2013
|Cash and Due From Banks||$8,305,083|
|US Bonds and Securities||18,100,724|
|Other Bonds and Securities||98,064,953|
|Federal Funds Sold||0|
|Total Net Loans||176,938,677|
|Net Fixed Assets||2,380,188|
| || |
|*Loans after deducting:|
Reserve for possible loan losses
|Federal Funds Purchased & Other Borrowed Funds||15,340,226|
|Unrealized Gains (Losses) on Securities||(396,222)|
|Total Capital Account||$29,739,593|
MEMBER OF THE FEDERAL DEPOSIT INSURANCE CORPORATION