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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
$306 million with capital of $28.2 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.
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CONDENSED
STATEMENT OF THE CONDITION OF
FIRST NATIONAL
BANK IN OLNEY
OLNEY, ILLINOIS
December 31, 2011
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|
ASSETS |
 |
LIABILITIES |
| Cash
and Due From Banks |
$8,120,835 |
|
Deposits |
$269,132,238 |
| US
Bonds and Securities |
31,569,262 |
|
Federal Funds
Purchased and
Other
Borrowed Funds |
6,411,219 |
|
Other Bonds and Securities |
95,997,349 |
|
Other Liabilities |
2,743,676 |
|
Federal Funds Sold |
0 |
|
|
|
|
Total Net Loans |
160,159,700 |
|
Capital Stock |
1,600,000 |
| Net
Fixed Assets |
2,578,264 |
|
Surplus |
5,391,472 |
|
Other Assets |
8,065,165 |
|
Undivided Profits |
19,178,279 |
|
|
|
Unrealized Gains (Losses)
on Securities |
2,033,691 |
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|
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Total Capital Account |
28,203,442 |
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|
|
|
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$306,490,575 |
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$306,490,575 |
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*Loans after deducting:
Reserve for possible loan losses..................$1,742,842
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MEMBER OF THE FEDERAL DEPOSIT
INSURANCE CORPORATION
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Our Board of
Directors
Randy Kistler, Chairman
John L Fye III
Brad E Harmon
John Kaare
James Knollenberg
Kevin G Ochs
Bruce Peters
Frank J Weber
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