First Secure State Bank
Wonder Lake, Illinois · FDIC Cert #22971
First Secure State Bank is an FDIC-insured bank (Certificate #22971) with $286M in total assets and $245M in total deposits as of the Q2 2024 Call Report. Headquartered in Wonder Lake, Illinois, the bank maintains a Tier 1 capital ratio of 17.48% (Well-Capitalized) and a nonperforming loan ratio of 0.87%. BankHealthData assigns a composite Health Grade of A (89/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First Secure State Bank (FDIC cert 22971) is a community bank — $286M in total assets, $245M in deposits, serving the Wonder Lake, 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 strong: Tier 1 capital ratio of 17.48% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is normal: non-performing loan ratio of 0.87% 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: 32.3% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is thin: ROA of 0.67% runs below the 1% benchmark. Thin margins can reflect cyclical net-interest-margin pressure, elevated provisions for loan losses, or operating-cost inefficiency. Health-score trend is improving: the bank's composite score is up materially over the most recent quarters in the dataset. Improving trends usually reflect either capital strengthening, asset-quality recovery, or sustained profitability gains. First Secure State Bank carries a composite BankHealth grade of A (89/100) 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 Secure State Bank
- Total Assets
- $286M
- Total Deposits
- $245M
- Tier 1 Capital Ratio
- 17.48%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.87%
- Liquidity Ratio
- 32.29%
- Return on Assets
- 0.67%
- Headquarters
- Wonder Lake, Illinois
- FDIC Certificate
- #22971
- Health Grade
- A (89/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, First Secure State Bank holds a Tier 1 capital ratio of 17.48%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning First Secure State Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
First Secure State Bank shows strong financial health indicators. With $286M in assets and a Health Score of 89/100, 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 Secure State Bank Compares
First Secure State Bank’s Health Score of 89 is 17 points above the Illinois state average of 72 across 333 FDIC-insured banks. Its 17.48% Tier 1 capital ratio is 3.5 points above the US banking industry average near 14%. The 0.87% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 0.67% is below the national ROA benchmark of ~1.1%. Among 1588 similarly-sized banks, the average Health Score is 69, meaning this bank ranks above its size cohort. Site-wide, First Secure State Bank is 19 points above the portfolio average of 70.
Frequently Asked Questions
First Secure State Bank has a Bank Health Score of A (89/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 17.48%, 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 Secure State Bank's Tier 1 capital ratio of 17.48% and nonperforming loan ratio of 0.87% 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 Secure State Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #22971). 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 Secure State Bank holds $286M in total assets and $245M in total deposits. It is headquartered in Wonder Lake, Illinois (FDIC Certificate #22971).
First Secure State Bank has a Tier 1 capital ratio of 17.48%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.87%, and the return on assets is 0.67%.
Yes. First Secure State Bank is FDIC-insured (Certificate #22971). 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 Secure State Bank'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.