Eleven area banks were upgraded and three were downgraded in the latest ratings from the BauerFinancial bank-rating service.
Champaign-based Busey Bank was one of six area banks upgraded from 3 1/2 stars ("good") to 4 stars ("excellent"), based on data for the quarter that ended Sept. 30.
Also receiving that upgrade were Dewey Bank, Kenney Bank & Trust, State Farm Bank, United Community Bank in Oakwood and Springfield-based Illinois National Bank, which has an office in Fairmount.
Busey's upgrade is the second for the bank this year. Busey was downgraded from 4 stars to 3 stars in early 2009 and stayed there until being upgraded to 3 1/2 stars earlier this year.
Upgraded from 3 stars ("adequate") to 3 1/2 stars ("good") were Fisher National Bank and Regions Bank, which has area offices in Champaign and Clinton.
Making an even bigger jump was First National Bank in Georgetown, which climbed from 3 stars to 4 stars. That upgrade, announced in September, was made after an updated call report was filed.
Pana-based Peoples Bank & Trust, which has an office in Charleston, and State Bank of Lincoln, which has locations in Clinton, were upgraded from 4 stars to 5 stars ("superior").
Two of the three banks that were downgraded went from 5 stars to 4 stars. Those included Hickory Point Bank & Trust, which has an office in Champaign, and Sumner National Bank in Sheldon.
The other bank downgraded was Milford Building & Loan, which dipped from 4 stars to 3 1/2 stars.
The other 65 banks in East Central Illinois maintained the same ratings as the previous quarter.
More than half of those banks — 40 — received 5-star ratings, the highest level that BauerFinancial awards.
Centrue Bank continued to be rated zero-star, BauerFinancial's lowest rating.
Centrue, based in Streator, sold its Champaign office to Springfield-based Marine Bank, in November. With that sale, Centrue no longer has any offices in East Central Illinois.
Champaign-based CIBM Bank continued to receive a 2-star ("problematic") rating. The bank, known as Central Illinois Bank locally, has nine locations in central Illinois, three in Wisconsin and one in Indianapolis.
BauerFinancial bases its ratings on capital ratios, profitability trends, levels of delinquent loans, charge-offs and repossessed assets, liquidity, historical data and supervisory actions by regulatory agencies.
BauerFinancial is one of several bank-rating services. It differentiates itself from others by making its ratings widely accessible to the public.
Here's the breakdown of ratings on 79 banks with offices in East Central Illinois by BauerFinancial, based on data from the quarter that ended Sept. 30, 2011:
5-star ("superior") ratings
Arcola First Bank; Bank of Rantoul; Buckley State Bank; Cissna Park State Bank; Commerce Bank, N.A.; Community Bank of Hoopeston; DeWitt Savings Bank, Clinton; Farmer City State Bank; Farmers State Bank, Danforth; First Bank & Trust Savings Bank, Paris; First Federal Savings Bank of Champaign-Urbana; First Federal Savings & Loan, Mattoon; First Financial Bank of Terre Haute, Ind.; First National Bank & Trust, Clinton; The First National Bank, Mattoon; First National Bank in Paxton; First National Bank of Chrisman; First National Bank of Ivesdale; First National Bank of Nokomis; First Neighbor Bank, Toledo; First Savings Bank, Danville; First State Bank, Monticello; First Trust and Savings Bank, Watseka; Hardware State Bank, Lovington; Heartland Bank & Trust, Bloomington; Iroquois Farmers State Bank; Iroquois Federal Savings and Loan; Peoples Bank & Trust, Pana; 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; Vermilion Valley Bank, Piper City; Villa Grove State Bank.
4-star ("excellent") ratings
BankChampaign; Busey Bank; Citizens State Bank, Milford; Dewey Bank; Edgar County Bank & Trust; Farmers-Merchants National Bank, Paxton; First Mid-Illinois Bank & Trust; First National Bank in Georgetown; First National Bank of Ogden; First National Bank of Sullivan; Freestar Bank; Gifford State Bank; Hickory Point Bank & Trust; Illinois National Bank, Springfield; Kenney Bank & Trust; Midland States Bank, Effingham; Old National Bank; State Farm Bank; Sumner National Bank, Sheldon; United Community Bank, Oakwood; Woodforest National Bank.
3 1/2-star ("good") ratings
Bank of Gibson City; First Midwest Bank; First National Bank of Catlin; Fisher National Bank; Flanagan State Bank; JP MorganChase Bank; MainSource Bank; Marine Bank, Springfield; Milford Building & Loan; PNC Bank; Regions Bank; State Bank of Chrisman.
3-star ("adequate") ratings
Bank of America; Citizens National Bank, Paris; Federated Bank, Onarga; Longview State Bank, Sidney.
2-star ("problematic") ratings
CIBM Bank (Central Illinois Bank).
1-star ("troubled") ratings
Zero-star ("lowest") ratings