Five banks up, two down in latest quarterly ratings

Five banks up, two down in latest quarterly ratings

Five banks were upgraded and two were downgraded in the latest ratings from BauerFinancial based on data for the financial quarter that ended Sept. 30.

Pittsburgh-based PNC Bank, which has area offices in Champaign and Urbana, was upgraded from 31/2 stars ("good") to 4 stars ("excellent").

Four other banks went from 4 stars ("excellent") to BauerFinancial's highest rating of 5 stars ("superior"). They included:

— Farmers-Merchants National Bank of Paxton, which also has offices in Melvin and Piper City.

— First Savings Bank of Danville.

— Heartland Bank & Trust of Bloomington, which has area offices in Champaign, Urbana, Farmer City and Gibson City.

— State Bank of Lincoln, which has area offices in Clinton.

United Community Bank of Oakwood, which also has an office in Danville, was downgraded from 4 stars ("excellent") to 31/2 stars ("good").

Kenney Bank & Trust of Kenney was downgraded two notches, from 4 stars ("excellent") to 3 stars ("adequate").

The other 68 banks with offices in East Central Illinois retained the ratings they had at the close of the June 30 quarter.

Two-thirds of area banks received BauerFinancial's highest rating of 5 stars. None got the lowest or second-lowest ratings — zero stars and 1 star.

Two banks retained a 2-star ("problematic") rating: First National Bank of Sullivan and First Federal Savings & Loan of Central Ilinois, which is based in Shelbyville and has offices in Windsor and Charleston.

BauerFinancial bases its ratings on capital ratios, profitability trends, levels of delinquent loans, charge-offs and repossessed assets, liquidity, historical data and supervisory ratings by regulatory agencies. BauerFinancial is one of several bank-rating services. It distinguishes itself from others by making its ratings accessible to the public.

5-star ('superior')

50 banks

Arcola First Bank.

Bank of Gibson City.

Bank of Rantoul.

Buckley State Bank.

Busey Bank.

Cissna Park State Bank.

Community Bank of Hoopeston.

DeWitt Savings Bank, Clinton.

Farmers-Merchants National Bank,

Paxton (up from 41/2).

Farmers State Bank, Danforth.

Federated Bank, Onarga.

First Bank & Trust Savings Bank, Paris.

First Farmers Bank & Trust,

Converse, Ind.

First Federal Savings & Loan, Mattoon.

First Financial Bank, Terre Haute, Ind.

First Mid-Illinois Bank & Trust.

First National Bank & Trust, Clinton.

First National Bank, Mattoon.

First National Bank in Paxton.

First National Bank of Catlin.

First National Bank of Chrisman.

First National Bank of Nokomis.

First Savings Bank, Danville (up from 41/2).

First Trust and Savings Bank, Watseka.

Fisher National Bank.

Flanagan State Bank.

Gifford State Bank.

Hardware State Bank, Lovington.

Heartland Bank & Trust, Bloomington (up from 41/2).

Hickory Point Bank & Trust.

Illinois National Bank.

Iroquois Farmers State Bank.

Iroquois Federal Savings and Loan.

Longview Bank, Sidney.

MainSource Bank.

Midland States Bank.

Philo Exchange Bank.

Prairie State Bank & Trust.

Regions Bank.

Scott State Bank, Bethany.

Sidell State Bank.

Soy Capital Bank & Trust, Decatur.

State Bank of Arthur.

State Bank of Bement.

State Bank of Cerro Gordo.

State Bank of Lincoln (up from 41/2).

Tuscola National Bank.

Vermilion Valley Bank, Piper City.

Villa Grove State Bank.

Woodforest National Bank.

4-star ('excellent')

17 banks


Commerce Bank.

Edgar County Bank & Trust.

First Federal Savings Bank of C-U.

First Midwest Bank.

First National Bank in Georgetown.

First Neighbor Bank, Toledo.

First State Bank, Monticello.

JP MorganChase.

Marine Bank, Springfield.

Old National Bank.

Peoples Bank & Trust, Pana.

PNC Bank (up from 31/2).

State Bank of Chrisman.

State Farm Bank.

Sumner National Bank, Sheldon.

U.S. Bank.

31/2-star ('good')

Five banks

CIBM Bank.

Citizens State Bank, Milford.

Dewey Bank.

Milford Building & Loan.

United Community Bank, Oakwood (down from 4).

3-star ('adequate')

One bank

Kenney Bank & Trust (down from 4).

2-star ('problematic')

Two banks

First Federal Savings & Loan of Central Illinois, Shelbyville.

First National Bank of Sullivan.

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Topics (1):Banking