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 $309 million with capital of $31.9 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, 2014

 

Assets
Cash and Due From Banks$8,711,534
US Bonds and Securities14,484,620
Other Bonds and Securities92,872,015
Federal Funds Sold0
Total Net Loans183,056,807
Net Fixed Assets2,306,867
Other Assets7,549,199
  
 
$308,981,042
*Loans after deducting:
Reserve for possible loan losses
$1,798,704
Liabilities
Deposits$269,315,338
Federal Funds Purchased & Other Borrowed Funds5,606,151
Other Liabilities2,120,566
Capital Stock1,600,000
Surplus5,391,472
Undivided Profits24,482,398
Unrealized Gains (Losses) on Securities465,117
Total Capital Account$31,938,987
 
$308,981,042

MEMBER OF THE FEDERAL DEPOSIT INSURANCE CORPORATION