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 $306.6 million with capital of $32.45 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

Randy Kistler, Chairman
John L Fye, III
Brad E Harmon
John Kaare
James Knollenberg
Kevin G Ochs
Bruce Peters
Craig O Weber

 

Condensed Statement of the Condition of

FIRST NATIONAL BANK IN OLNEY
OLNEY, ILLINOIS

December 31, 2014

 

Assets
Cash and Due From Banks$7,361,938
US Bonds and Securities13,472,930
Other Bonds and Securities80,080,728
Federal Funds Sold0
Total Net Loans195,701,551
Net Fixed Assets2,347,490
Other Assets7,674,443
  
 
$306,639,080
*Loans after deducting:
Reserve for possible loan losses
$1,950,055
Liabilities
Deposits$265,784,098
Federal Funds Purchased & Other Borrowed Funds6,359,168
Other Liabilities2,042,197
Capital Stock1,600,000
Surplus5,391,472
Undivided Profits25,005,242
Unrealized Gains (Losses) on Securities456,903
Total Capital Account$32,453,617
 
$306,639,080

MEMBER OF THE FEDERAL DEPOSIT INSURANCE CORPORATION