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All Branches will be closed on Saturday, December 3rd, 2022 to update our computer system, and better serve your financial needs. All Branches will be open until  6 pm on Friday, December 2nd.  We apologize for any inconvenience. 
In addition, please be aware that Online Banking will be in a view only mode from closing time on December 2nd until the morning of December 5th.  Customers will not be able to transfer funds or create new Bill Payments.  Balances and history will not reflect debit card transactions until Monday, Dec
ember 5th.

 

Investor Relations
About First National Bank in Olney

2022 Proxy Statement  2021 Annual Report     Summit Stock Snapshot

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

Our assets have grown to $418 million with capital of $34.7 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

September 30, 2022

Assets
Cash and Due From Banks $17,821,247
US Bonds and Securities 46,761,617
Other Bonds and Securities 117,842,796
Federal Funds Sold 0
Total Net Loans 222,553,189
Net Fixed Assets 3,913,192
Other Assets 9,498,817
 

 


$418,390,858

*Loans after deducting:
Reserve for possible loan losses
$2,678,686
Liabilities
Deposits $381,573,959
Federal Funds Purchased & Other Borrowed Funds 5,289,887
Other Liabilities (3,178,391)
Capital Stock 1,600,000
Surplus 5,391,472
Undivided Profits 41,978,855
Unrealized Gains (Losses) on Securities (14,264,924)
Total Capital Account $34,705,403
 
$418,390,858

MEMBER OF THE FEDERAL DEPOSIT INSURANCE CORPORATION