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Investor Relations
About First National Bank in Olney

2023 Proxy Statement  2022 Annual Report     Summit Stock Snapshot

                                       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 $427 million with capital of $38.5 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
  • Jason A Mosbey
  • Kevin G Ochs
  • Bruce A Peters
  • Nathan Stevens
  • Craig O Weber

Condensed Statement of the Condition of
FIRST NATIONAL BANK IN OLNEY
OLNEY, ILLINOIS
June 30, 2023

Assets
Cash and Due From Banks $28,011,052
US Bonds and Securities 51,895,966
Other Bonds and Securities 112,686,492
Federal Funds Sold 0
Total Net Loans 221,189,528
Net Fixed Assets 3,916,208
Other Assets 9,440,486
 

 


$427,139,732
*Loans after deducting:
Reserve for possible loan losses		 $2,508,170
Liabilities
Deposits $383,725,434
Federal Funds Purchased & Other Borrowed Funds 6,669,464
Other Liabilities (1,802,985)
Capital Stock 1,600,000
Surplus 5,391,472
Undivided Profits 43,197,351
Unrealized Gains (Losses) on Securities (11,641,004)
Total Capital Account $38,547,819
 
$427,139,732

MEMBER OF THE FEDERAL DEPOSIT INSURANCE CORPORATION