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Investor Relations
About First National Bank in Olney

2019 Proxy Statement     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 $345 million with capital of $43 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
  • Kevin G Ochs
  • Bruce A Peters
  • Craig O Weber

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

December 31, 2019

Assets
Cash and Due From Banks $17,772,715
US Bonds and Securities 21,687,659
Other Bonds and Securities 65,547,629
Federal Funds Sold 0
Total Net Loans 229,070,246
Net Fixed Assets 2,729,712
Other Assets 8,530,279
 

 


$345,338,240

*Loans after deducting:
Reserve for possible loan losses
$2,767,160
Liabilities
Deposits $296,235,997
Federal Funds Purchased & Other Borrowed Funds 2,337,918
Other Liabilities 3,409,749
Capital Stock 1,600,000
Surplus 5,391,472
Undivided Profits 35,526,737
Unrealized Gains (Losses) on Securities 836,367
Total Capital Account $43,354,576
 
$345,338,240

MEMBER OF THE FEDERAL DEPOSIT INSURANCE CORPORATION