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Preferred Bank


Preferred Bank is an FDIC insured institution headquartered at 602 N Route 49, Casey, IL 62420.
It was founded in 1999 and has approximately $0 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - December 14, 2025

SAVINGS RATES APY MIN
Savings
0.30% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.55% $10,000 Compare
12 Mo CD
0.90% $10,000 Compare
18 Mo CD
1.08% $10,000 Compare
24 Mo CD
1.10% $10,000 Compare
30 Mo CD
1.15% $10,000 Compare
36 Mo CD
1.26% $10,000 Compare
48 Mo CD
1.36% $10,000 Compare
60 Mo CD
1.46% $10,000 Compare
MM RATES APY MIN
Money Market
0.35% $2,500 Compare
Money Market
0.35% $10,000 Compare
Money Market
0.50% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.20% $2,500

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34900
Date Established 1999
Assets $ 69.64 million
Loans $ 45.28 million
Deposits $ 64.13 million
Capital $ 5.30 million

Summary Balance Sheet as of June 30, 2025

ASSETS
Cash & Balances due from depository institutions $ 7.09 million
Interest-bearing balances $ 6.25 million
Total securities $ 12.55 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 45.28 million
Loan loss allowance $ 0.27 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.06 million
Goodwill and other intangibles N.A.
All other assets $ 2.41 million
     Total Assets $ 64.34 million

LIABILITIES
Total deposits $ 64.13 million
      Interest-bearing deposits $ 54.02 million
      Deposits held in domestic offices $ 64.13 million
      % insured (estimated)" 84.61%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.08 millionn
      Total Liabilities $ 64.34 million
      Shareholders’ Equity $ 5.30 million

Summary Income Statement as of June 30, 2025

INCOME AND EXPENSES
Total Interest Income $ 1.69 million
Total Interest Expense $ 0.69 million
Net interest income $ 0.99 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.09 million
Total non interest expense $ 1.10 million
Pre-tax Net Operating Income $ 0.08 million

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Branches

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Preferred Bank Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis."

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only."

  • 1
    LOCAL SAVINGS
    Preferred Bank
    Bank
    ILLINOIS
    $50,000
    N.A.
    0.30%
    1.33x (National Avg. - 0.23%)
    $2,500
    -
    SCENARIO
    Year Rate
    0.30%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 150 105
    2 50,150 150 105
    3 50,300 151 106
    4 50,451 151 106
    5 50,603 152 106
    6 50,755 152 107
    7 50,907 153 107
    8 51,059 153 107
    9 51,213 154 108
    10 51,366 154 108
    11 51,520 155 108
    12 51,675 155 109
    13 51,830 155 109
    14 51,985 156 109
    15 52,141 156 109
    16 52,298 157 110
    17 52,455 157 110
    18 52,612 158 110
    19 52,770 158 111
    20 52,928 159 111
    TOTAL $3,087 $2,161
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    N.A.
    4.00%
    17.70x (National Avg. - 0.23%)
    $1,000
    -
    SCENARIO
    Year Rate
    4.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,000 1,400
    2 52,000 2,080 1,456
    3 54,080 2,163 1,514
    4 56,243 2,250 1,575
    5 58,493 2,340 1,638
    6 60,833 2,433 1,703
    7 63,266 2,531 1,771
    8 65,797 2,632 1,842
    9 68,428 2,737 1,916
    10 71,166 2,847 1,993
    11 74,012 2,960 2,072
    12 76,973 3,079 2,155
    13 80,052 3,202 2,241
    14 83,254 3,330 2,331
    15 86,584 3,463 2,424
    16 90,047 3,602 2,521
    17 93,649 3,746 2,622
    18 97,395 3,896 2,727
    19 101,291 4,052 2,836
    20 105,342 4,214 2,950
    TOTAL $59,556 $41,689


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