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Investor Relations
About First National Bank in Olney

2021 Proxy Statement     2020 Annual Report     Summit Stock Snapshot


                                          2019 Annual Report     Summit Stock Snapshot
 
                                          2018 Annual Report     Summit Stock Snapshot

                                          2017 Annual Report     Summit Stock Snapshot

                                          2016 Annual Report     Summit Stock Snapshot

                                          2015 Annual Report     Summit Stock Snapshot

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 $388 million with capital of $48 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

  • Brad E Harmon, Chairman
  • Julie M Hearring
  • James A Knollenberg
  • Michael A McKinney
  • Jason A Mosbey
  • Kevin G Ochs
  • Bruce A Peters
  • Craig O Weber

Condensed Statement of the Condition of
FIRST NATIONAL BANK IN OLNEY
OLNEY, ILLINOIS

December 31, 2020

Assets
Cash and Due From Banks $28,270,919
US Bonds and Securities 8,522,490
Other Bonds and Securities 116,476,174
Federal Funds Sold 0
Total Net Loans 222,951,862
Net Fixed Assets 3,031,731
Other Assets 8,916,769
 

 


$388,169,945

*Loans after deducting:
Reserve for possible loan losses
$2,902,167
Liabilities
Deposits $328,486,778
Federal Funds Purchased & Other Borrowed Funds 7,501,330
Other Liabilities 4,069,030
Capital Stock 1,600,000
Surplus 5,391,472
Undivided Profits 37,695,024
Unrealized Gains (Losses) on Securities 3,426,311
Total Capital Account $48,112,807
 
$388,169,945

MEMBER OF THE FEDERAL DEPOSIT INSURANCE CORPORATION