First Trust & Savings Bank of Albany, Illinois, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Organized as the First National Bank in 1901 by Dr. S. B. Diamond, the bank received its first deposit on November 13, 1902, when Harry F. Young opened a savings account. Five years later, the bank had capital of $25,000 and deposits of $132,828. In 1911, the bank’s name was changed to First Trust and Saving Bank.

Over the years the bank has grown in size and services. When the bank moved to its present building in 1975, total assets were $10 million. After moving to its new building in 1975, the bank's old building was donated to the newly formed Albany Public Library District.

In 2001 the bank completed a major remodeling of the lobby. In 2006, First Trust & Savings Bank merged with Old Farmers & Merchants State Bank in Erie and Hillsdale. Today, total assets exceed $100 million. First Trust and Savings Bank is locally owned, and there have been only five presidents since the bank was founded.

209 S. Main Street
Albany, IL 61230
Ph: 309-887-4335
Fax: 309-887-9010

Lobby Hours:
Monday - Thursday 8:00-4:00
Friday 8:00-5:00
Saturday 8:00-12:00

Drive-Up Hours:
Monday - Thursday 8:00-5:00
Friday 8:00-6:00
Saturday 8:00-12:00