First National Bank in Olney
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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 six locations in Olney, Oblong, Robinson, and Ingraham, Illinois.

Our assets have grown to $309. million with capital of $33.77 million.

Vision Statement

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

Randy Kistler, Chairman
John L Fye, III
Brad E Harmon
John Kaare
James Knollenberg
Kevin G Ochs
Bruce Peters
Craig O Weber

 

Condensed Statement of the Condition of

FIRST NATIONAL BANK IN OLNEY
OLNEY, ILLINOIS

June 30, 2015

 

Assets
Cash and Due From Banks$6,577,926
US Bonds and Securities12,106,626
Other Bonds and Securities84,536,738
Federal Funds Sold0
Total Net Loans196,014,381
Net Fixed Assets2,410,345
Other Assets7,849,019
  
 
$309,495,035
*Loans after deducting:
Reserve for possible loan losses
$2,040,787
Liabilities
Deposits$269,008,425
Federal Funds Purchased & Other Borrowed Funds4,512,352
Other Liabilities2,205,112
Capital Stock1,600,000
Surplus5,391,472
Undivided Profits26,320,499
Unrealized Gains (Losses) on Securities457,175
Total Capital Account$33,769,146
 
$309,495,035

MEMBER OF THE FEDERAL DEPOSIT INSURANCE CORPORATION