First National Bank of Lacon
Lacon, Illinois · FDIC Cert #3688
First National Bank of Lacon is an FDIC-insured bank (Certificate #3688) with $101M in total assets and $93M in total deposits as of the Q2 2024 Call Report. Headquartered in Lacon, Illinois, the bank maintains a Tier 1 capital ratio of 11.99% (Well-Capitalized) and a nonperforming loan ratio of 0.62%. BankHealthData assigns a composite Health Grade of A (84/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First National Bank of Lacon (FDIC cert 3688) is a community bank — $101M in total assets, $93M in deposits, serving the Lacon, Illinois area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is adequate: Tier 1 capital ratio of 11.99% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is normal: non-performing loan ratio of 0.62% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is comfortable: 39.0% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is solid: ROA of 0.97% sits at or near the 1% benchmark for healthy U.S. banks. Net interest income, fee income, and operating efficiency are all in workable shape. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. First National Bank of Lacon carries a composite BankHealth grade of A (84/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: First National Bank of Lacon
- Total Assets
- $101M
- Total Deposits
- $93M
- Tier 1 Capital Ratio
- 11.99%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.62%
- Liquidity Ratio
- 38.97%
- Return on Assets
- 0.97%
- Headquarters
- Lacon, Illinois
- FDIC Certificate
- #3688
- Health Grade
- A (84/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, First National Bank of Lacon holds a Tier 1 capital ratio of 11.99%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning First National Bank of Lacon has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
First National Bank of Lacon shows strong financial health indicators. With $101M in assets and a Health Score of 84/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How First National Bank of Lacon Compares
First National Bank of Lacon’s Health Score of 84 is 12 points above the Illinois state average of 72 across 333 FDIC-insured banks. Its 11.99% Tier 1 capital ratio is 2.0 points below the US banking industry average near 14%. The 0.62% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 0.97% is below the national ROA benchmark of ~1.1%. Among 1095 similarly-sized banks, the average Health Score is 68, meaning this bank ranks above its size cohort. Site-wide, First National Bank of Lacon is 14 points above the portfolio average of 70.
Frequently Asked Questions
First National Bank of Lacon has a Bank Health Score of A (84/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 11.99%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. First National Bank of Lacon's Tier 1 capital ratio of 11.99% and nonperforming loan ratio of 0.62% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at First National Bank of Lacon is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #3688). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
First National Bank of Lacon holds $101M in total assets and $93M in total deposits. It is headquartered in Lacon, Illinois (FDIC Certificate #3688).
First National Bank of Lacon has a Tier 1 capital ratio of 11.99%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.62%, and the return on assets is 0.97%.
Yes. First National Bank of Lacon is FDIC-insured (Certificate #3688). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An A grade on our Bank Health Score means 85+/100 — top-tier capital, low loan losses, strong liquidity. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
First National Bank of Lacon's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.