Safest Banks in Illinois 2026
Illinois has 333 FDIC-insured banks with an average Bank Health Score of 81/100 (A). The safest bank is Frederick Community Bank The with a score of 100/100.
Data from FDIC Q2 2024
333 Illinois banks are ranked below by the BankHealth composite score. The composite weights Tier 1 capital ratio (35%), inverted non-performing loan ratio (30%), liquidity ratio (25%), and return on assets (10%) into a 0-100 grade.
Top-of-list banks combine strong capital with clean loan books and reasonable profitability. Bottom-of-list banks face pressure on one or more scoring factors — most often elevated NPL ratios or thin profitability margins. Each bank links to its full profile with multi-quarter trend charts, the four composite factor breakdowns, and the underlying FDIC Call Report data.
Illinois's 333 FDIC-insured banks hold a combined $708.7B in assets. Their average Bank Health Score of 81/100 sits 1.0 points in line with the national average of 80/100. Across the state, 90% of banks earn an A or B grade for financial health, while 1% fall to a D or F.
The largest bank headquartered in Illinois is BMO Bank National Assn with $262.0B in assets and a Bank Health Score of 83/100. The strongest by score is Frederick Community Bank The in Paxton (100/100, Tier 1 capital 18.22%). The weakest is Barrington B&T Co NA at 40/100, dragged down by an NPL ratio of 5.55%.
All scores below come from the latest FDIC BankFind Call Report (Q2 2024). The Bank Health Score weights Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%) — the four metrics regulators watch most closely when judging whether a bank is well-capitalized. Every bank with FDIC insurance covers up to $250,000 per depositor per ownership category, but the score helps you tell apart banks that are comfortably well-capitalized from those operating closer to the line.
Top 3 Safest Banks in Illinois
Frederick Community Bank The
Paxton, IL
Illinois's top-rated bank, with a Tier 1 capital ratio of 18.22% — well above the federal "well-capitalized" threshold of 8%. Holds $179M in assets.
First T&Sb of Watseka Il
Watseka, IL
Second-strongest in the state on capital and loan quality. NPL ratio sits at 0.05% with $315M in total assets.
Community Bank of Easton
Easton, IL
Third in the rankings on the Bank Health Score. Liquidity ratio of 50.98% and ROA of 3.77%.
Top 20 of 333 Banks in Illinois
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | Frederick Community Bank The | Paxton | A | 100 | 18.22% | 0.00% |
| 2 | First T&Sb of Watseka Il | Watseka | A | 100 | 15.62% | 0.05% |
| 3 | Community Bank of Easton | Easton | A | 100 | 25.86% | 0.00% |
| 4 | Municipal Trust&Savings Bank | Bourbonnais | A | 100 | 16.53% | 0.00% |
| 5 | Chicago Trust Co NA | Lake Forest | A | 100 | 99.66% | 0.00% |
| 6 | Country Trust Bank | Bloomington | A | 100 | 117.02% | 0.00% |
| 7 | Wheaton College Trust Co NA | Wheaton | A | 100 | 95.88% | 0.00% |
| 8 | Farmers&Merchants Stb Bushne | Bushnell | A | 99 | 19.54% | 0.09% |
| 9 | Grundy Bank | Morris | A | 99 | 18.74% | 0.10% |
| 10 | Hill-Dodge Banking Co | Warsaw | A | 99 | 15.78% | 0.08% |
| 11 | Peoples State Bank of Colfax | Colfax | A | 98 | 22.16% | 0.00% |
| 12 | First Nb of Steeleville | Steeleville | A | 98 | 22.97% | 0.34% |
| 13 | First Eagle Bank | Chicago | A | 98 | 21.09% | 0.00% |
| 14 | Farmers State Bank of Emden | Emden | A | 97 | 55.89% | 0.00% |
| 15 | First Stb of Campbell Hill | Campbell Hill | A | 97 | 20.68% | 0.33% |
| 16 | Anderson State Bank | Oneida | A | 97 | 15.81% | 0.00% |
| 17 | First State Bank of St Peter | Saint Peter | A | 97 | 39.39% | 0.18% |
| 18 | Vermilion Valley Bank | Piper City | A | 97 | 26.91% | 0.38% |
| 19 | Community Bank | Winslow | A | 96 | 24.60% | 0.20% |
| 20 | Buena Vista National Bank | Chester | A | 96 | 15.38% | 0.16% |
Bank Health Scores for Illinois are calculated from FDIC Call Report data including Tier 1 capital ratios, nonperforming loan ratios, liquidity ratios, and return on assets.
Frequently Asked Questions
Based on our Bank Health Score analysis of FDIC data, Frederick Community Bank The in Paxton is currently the safest bank in Illinois with a score of 100/100 (Grade A). It posts a Tier 1 capital ratio of 18.22% and a nonperforming loan ratio of 0.00%.
Illinois has 333 FDIC-insured banks with a combined $708.7B in total assets. The average Bank Health Score across the state is 81/100 (Grade A).
Illinois's average Bank Health Score of 81/100 is 1.0 points in line with the national average of 80/100. 90% of banks in Illinois earn an A or B grade, compared with the national average grade of A.
Of 333 FDIC-insured banks headquartered in Illinois, 197 earn an A, 104 a B, 28 a C, 4 a D, and 0 an F. The most common grade is A.
The Bank Health Score (0-100) is based on four FDIC-reported metrics: Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%). Higher scores indicate stronger financial health. Every score uses the latest FDIC Call Report data.
Bank Health Scores are computed from quarterly FDIC Call Report data. Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).