Safest Banks in Illinois 2026
Illinois has 333 FDIC-insured banks with an average Bank Health Score of 72/100 (B). 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 72/100 sits 2.0 points above the national average of 70/100. Across the state, 60% of banks earn an A or B grade for financial health, while 10% 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 First B&T Co of Murphysboro at 25/100, dragged down by an NPL ratio of 6.82%.
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.
Country Trust Bank
Bloomington, IL
Second-strongest in the state on capital and loan quality. NPL ratio sits at 0.00% with $35M in total assets.
Farmers&Merchants Stb Bushne
Bushnell, IL
Third in the rankings on the Bank Health Score. Liquidity ratio of 49.12% and ROA of 1.82%.
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 | Country Trust Bank | Bloomington | A | 100 | 117.02% | 0.00% |
| 3 | Farmers&Merchants Stb Bushne | Bushnell | A | 99 | 19.54% | 0.09% |
| 4 | Grundy Bank | Morris | A | 99 | 18.74% | 0.10% |
| 5 | Peoples State Bank of Colfax | Colfax | A | 98 | 22.16% | 0.00% |
| 6 | First Nb of Steeleville | Steeleville | A | 98 | 22.97% | 0.34% |
| 7 | Farmers State Bank of Emden | Emden | A | 97 | 55.89% | 0.00% |
| 8 | First Stb of Campbell Hill | Campbell Hill | A | 97 | 20.68% | 0.33% |
| 9 | First State Bank of St Peter | Saint Peter | A | 97 | 39.39% | 0.18% |
| 10 | Vermilion Valley Bank | Piper City | A | 97 | 26.91% | 0.38% |
| 11 | Community Bank | Winslow | A | 96 | 24.60% | 0.20% |
| 12 | Buena Vista National Bank | Chester | A | 96 | 15.38% | 0.16% |
| 13 | Sainte Marie State Bank | Sainte Marie | A | 96 | 40.05% | 0.00% |
| 14 | First Security T&Sb | Elmwood Park | A | 96 | 17.21% | 0.13% |
| 15 | Citizens Bank of Edinburg | Edinburg | A | 96 | 19.74% | 0.00% |
| 16 | First Cmty Bk Moultrie Cnty | Sullivan | A | 96 | 18.32% | 0.00% |
| 17 | Farmers&Merchants Nb Nashvil | Nashville | A | 96 | 15.84% | 0.08% |
| 18 | Amalgamated Bank of Chicago | Chicago | A | 96 | 14.98% | 0.02% |
| 19 | Bank&Trust Co | Litchfield | A | 95 | 15.82% | 0.23% |
| 20 | State Bank of Industry | Industry | A | 95 | 20.75% | 0.09% |
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 72/100 (Grade B).
Illinois's average Bank Health Score of 72/100 is 2.0 points above the national average of 70/100. 60% of banks in Illinois earn an A or B grade, compared with the national average grade of B.
Of 333 FDIC-insured banks headquartered in Illinois, 133 earn an A, 67 a B, 99 a C, 29 a D, and 5 an F. The most common grade is B.
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%).