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How Safe is Your Bank?
Consumer education about banking is the key to peace of mind. Safety was once a characteristic taken for granted in banks. However, today’s media coverage of the volatile economy and bank failures has left many people wondering if the bank is still the safest place for their deposits. Understandably, you may find yourself with questions about the safety of banks in your community, but you should know that First National Bank and Trust is as strong as ever. In fact, you have free access to valuable information about our financial stability ratings and those of any other bank in the nation. By monitoring these ratings regularly, you can learn more about the state of the banking industry in your area and be confident that your deposits will be safe with First National Bank and Trust. |
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Financial stability ratings for most financial institutions can be found online. Bankrate.com, an independent rating company, assesses the financial position of nearly every bank, thrift, and credit union in the nation, giving each a Safe & Sound® rating between one and five stars, with four and five star ratings being reserved for the nation’s strongest banks. Bankrate’s assessment consists of 22 tests which measure each financial institution’s capital adequacy, asset quality, profitability, and liquidity. Bankrate’s Safe & Sound® ratings are a useful tool for measuring your bank’s financial stability and are available online, free of charge, at bankrate.com. Just scroll down the homepage and click on "Safe & Sound Ratings".Another independent rating company, Bauer Financial, rates the nation’s banks in a manner similar to Bankrate.com, and also takes into account a bank’s regulatory supervisory agreements, its community reinvestment rating (CRA), and its historical data. You can access Bauer Financial’s ratings at bauerfinancial.com by clicking on the "Star Ratings" button in the top navigation bar. |
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| We encourage you to go online and check First National Bank and Trust’s Bankrate.com and Bauer Financial ratings. You’ll find that we’ve earned high ratings from both companies based on our disciplined management, strong capital position, and conservative credit culture. As a further testament to our strength, our total risk-based capital ratio consistently exceeds regulatory requirements, and we were pleased to report positive earnings for 2008 when many in the banking industry reported losses. Our consistently high ratings should give you peace of mind that your money is indeed safe and sound at First National Bank. In the midst of today’s economic chaos, you can be confident that we are still strong, still lending, and still here for our community. | |
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