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This institution is no longer active

Operations ceased on December 31, 2024. CRA examination history below reflects the period it was active.

ALGONQUIN STATE BANK

ALGONQUIN, IL · Supervised by FDIC

Est. 1902FDIC #13,080RSSD: FDIC-13080
Part ofFIRST ALGONQUIN CO→ View all charters
Satisfactory Same

Current rating · Exam: June 2018

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.73%

Institution Profile

FDIC BankFind

Address

2400 Huntington Dr N, ALGONQUIN, IL

County

Mchenry County

Established

March 3, 1902

Total Assets

$144M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

June 1, 2018

Exam Type

Small Bank

Regulator

FDIC
What is a CRA rating? →
⚠️This exam is 8 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q2 2024Call Report / FDIC

Total Assets

$144M

Total Deposits

$133M

Net Loans

$77M

Net Income

$510K

ROA

0.73%

ROE

9.87%

Risk-Based Capital

0.00%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

Mortgage Denial Rate5.88%Peer avg: 7.63%▲ Above avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA
YearApplicationsOrig. RateDenial Rate
20241794.12%5.88%
20233083.33%3.33%
20195483.33%3.70%
20183781.08%5.41%

2024 national avg denial rate: 23.75% · Small bank avg: 7.63% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

3 previous ratings locked — dating back to 1991

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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