Three area banks were upgraded and four were downgraded in the latest ratings from the BauerFinancial rating service, based on data for the quarter that ended Sept. 30.
First Financial Bank of Terre Haute, Ind. — which has area branches in Champaign, Urbana, Mahomet, Danville, Westville, Ridge Farm and Charleston — was downgraded from 5-star ("superior") to 4-star ("excellent").
Also dropping from 5-star to 4-star was Hardware State Bank in Lovington.
Two banks — Citizens State Bank, with offices in Milford and Crescent City, and the Dewey Bank, with offices in Dewey and Saybrook — slid from 4-star ("excellent") to 31/2-star ("good").
On the flip side, Fisher National Bank returned to 5-star status. The bank, with offices in Fisher and Mahomet, fell to the 3-star level three years ago but subsequently recovered. It had been rated 4-star in the previous ratings, issued for the quarter that ended June 30.
Also rising from 4-star to 5-star was United Community Bank, with offices in Oakwood and Danville.
Meanwhile, Milford Building & Loan in Milford rose from 3-star ("adequate") to 31/2-star ("good").
One bank — Citizens National Bank, with offices in Paris and Oakland — disappeared from the ratings because it merged into First Farmers Bank & Trust of Converse, Ind.
Citizens National had a 3-star rating for the quarter that ended June 30; First Farmers Bank & Trust of Converse had a 4-star rating for the quarter that ended Sept. 30.
Also disappearing from the ratings was Farmer City State Bank, which merged into Heartland Bank & Trust.
The other 67 banks in the area retained the same ratings they had at the close of the quarter that ended June 30.
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 differentiates itself from others by making its ratings accessible to the public.
Nearly 60 percent of area banks received BauerFinancial's highest rating of 5-star. No area banks received the lowest rating — zero stars — and no area banks got 1-star ("troubled") or 2-star ("problematic") ratings. Only two area banks got 3-star ("adequate") ratings.
Here's the breakdown of BauerFinancial's ratings of 75 banks with offices in East Central Illinois based on data from the quarter that ended Sept. 30:
Arcola First Bank; Bank of Rantoul; Buckley State Bank; Busey Bank; Cissna Park State Bank; Commerce Bank; Community Bank of Hoopeston; DeWitt Savings Bank, Clinton; Farmers State Bank, Danforth; First Bank & Trust Savings Bank, Paris; First Federal Savings & Loan, Mattoon; First Mid-Illinois Bank & Trust; First National Bank & Trust, Clinton; The First National Bank, Mattoon; First National Bank in Paxton; First National Bank of Chrisman;
First National Bank of Nokomis; First National Bank of Sullivan; First Savings Bank, Danville; First State Bank, Monticello; First Trust and Savings Bank, Watseka; Fisher National Bank; Flanagan State Bank; Heartland Bank & Trust, Bloomington; Hickory Point Bank & Trust; Illinois National Bank; Iroquois Farmers State Bank; Iroquois Federal Savings and Loan; Midland States Bank; Peoples Bank & Trust;
Philo Exchange Bank; Prairie State Bank & Trust; 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; Tuscola National Bank; United Community Bank, Oakwood; Vermilion Valley Bank, Piper City; Woodforest National Bank.
BankChampaign; Bank of Gibson City; Edgar County Bank & Trust; Farmers-Merchants National Bank, Paxton; First Farmers Bank & Trust, Converse, Ind.; First Federal Savings Bank of Champaign-Urbana; First Financial Bank of Terre Haute, Ind.; First National Bank in Georgetown;
First National Bank of Ogden; First Neighbor Bank, Toledo; Gifford State Bank; Hardware State Bank, Lovington; Kenney Bank & Trust; Old National Bank; State Farm Bank; Sumner National Bank, Sheldon; Villa Grove State Bank.
Bank of America; Citizens State Bank, Milford; Dewey Bank; Federated Bank, Onarga; First Midwest Bank; First National Bank of Catlin; JP MorganChase; Main Source Bank; Marine Bank, Springfield; Milford Building & Loan; PNC Bank; Regions Bank; State Bank of Chrisman.
CIBM Bank; Longview State Bank, Sidney.