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 seven locations in Olney, Oblong, Robinson, Noble and Ingraham, Illinois.

Our assets have grown to $305 million with capital of $32.6 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

September 30, 2014

 

Assets
Cash and Due From Banks$7,244,234
US Bonds and Securities13,442,285
Other Bonds and Securities84,437,623
Federal Funds Sold0
Total Net Loans189,558,482
Net Fixed Assets2,346,149
Other Assets7,967,255
  
 
$304,996,028
*Loans after deducting:
Reserve for possible loan losses
$1,860,567
Liabilities
Deposits$264,010,521
Federal Funds Purchased & Other Borrowed Funds6,317,264
Other Liabilities2,046,182
Capital Stock1,600,000
Surplus5,391,472
Undivided Profits25,180,575
Unrealized Gains (Losses) on Securities450,014
Total Capital Account$32,622,061
 
$304,996,028

MEMBER OF THE FEDERAL DEPOSIT INSURANCE CORPORATION