First National Bank in Olney
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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 $310.5 million with capital of $31 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
(Seated, left to right) John Kaare, Randy L. Kistler, Bruce A. Peters and Kevin G. Ochs
(Standing, left to right) Brad Harmon, John L. Fye,III, Frank J. Weber and Jim Knollenberg

 

Condensed Statement of the Condition of

FIRST NATIONAL BANK IN OLNEY
OLNEY, ILLINOIS

March 31, 2014

 

Assets
Cash and Due From Banks$14,906,177
US Bonds and Securities17,959,053
Other Bonds and Securities92,309,879
Federal Funds Sold500,000
Total Net Loans174,846,050
Net Fixed Assets2,347,595
Other Assets7,678,124
  
 
$310,546,878
*Loans after deducting:
Reserve for possible loan losses
$1,767,726
Liabilities
Deposits$275,173,914
Federal Funds Purchased & Other Borrowed Funds2,180,445
Other Liabilities2,217,962
Capital Stock1,600,000
Surplus5,391,472
Undivided Profits23,941,580
Unrealized Gains (Losses) on Securities41,505
Total Capital Account$30,974,557
 
$310,546,878

MEMBER OF THE FEDERAL DEPOSIT INSURANCE CORPORATION