First National Bank in Olney
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Investor Relations


2017 Proxy Statement     2016 Annual Report     Summit Stock Snapshot

2016 Proxy Statement     2015 Annual Report     Summit Stock Snapshot



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 six locations in Olney, Oblong, Robinson, and Ingraham, Illinois.

Our assets have grown to $332.3 million with capital of $35.6 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 L Kistler, Chairman
Brad E Harmon
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, 2016

 

Assets
Cash and Due From Banks$8,406,278
US Bonds and Securities7,216,814
Other Bonds and Securities83,237,310
Federal Funds Sold0
Total Net Loans222,813,533
Net Fixed Assets2,418,215
Other Assets8,215,810
  
 
$332,307,960
*Loans after deducting:
Reserve for possible loan losses
$2,311,582
Liabilities
Deposits$286,017,767
Federal Funds Purchased & Other Borrowed Funds8,866,505
Other Liabilities1,832,997
Capital Stock1,600,000
Surplus5,391,472
Undivided Profits28,983,627
Unrealized Gains (Losses) on Securities(384,408)
Total Capital Account$35,590,691
 
$332,307,960

MEMBER OF THE FEDERAL DEPOSIT INSURANCE CORPORATION