1st Community Bank
BankRegReports is independent of 1st Community Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
1st Community Bank is an FDIC-insured commercial bank headquartered in Sherrard, IL, established in 1910 (FDIC certificate 11706), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $65.3M, down 1.0% from Q2 2025, the 284th largest of 319 banks headquartered in Illinois. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.04% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 11706
- Headquarters
- Sherrard, IL
- Established
- 1910
- Total assets, Q2 2026
- $65.3M
- Assets vs Q2 2025
- -1.0%
- Tier 1 leverage ratio, Q2 2026
- 10.04%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 071109037
- Latest call report
- Q2 2026, FFIEC 051 · 1st Community Bank call report
- Holding company
- ILLINOIS HOLDING CO.
- Asset rank in state
- 284th of 319 in Illinois
1st Community Bank operates with a thinner capital cushion than most banks of its size. The Sherrard, Illinois bank had $65 million in assets at June 30, 2026, down 1.0% from a year earlier. It funds 10.04% of its assets with Tier 1 capital, lower than about three-quarters of the 583 banks with less than $100 million in assets (median 13.06%). On the other hand, it keeps 4.60 cents of net interest income on every dollar of earning assets, higher than about three-quarters of banks its size (median 3.87 cents).
Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.49% of loans from 1.44%. Net income for the quarter slipped 22% from a year earlier, to $137,000.
As of June 30, 2026, 1st Community Bank reported a return on assets of 0.83%, a nonperforming-loan ratio of 0.49% and a Texas ratio of 3.24%. The figures come from its call report filed with the FFIEC.
Of the 319 banks headquartered in Illinois, 1st Community Bank is the 284th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 4.4% to $65.3M, loans rose 1.0% and deposits fell 5.0%. The largest part of its loan book on June 30, 2026 was farmland and other real estate loans, at 40.3% of total loans, ahead of agricultural production loans at 29.0%. Its 2 offices in the FDIC Summary of Deposits are in Aledo, IL and Sherrard, IL; its Aledo office books 51% of its branch deposits. On its Q2 2026 call report, 1st Community Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 407 3rd St, Sherrard, IL 61281
- County
- Mercer
- Metro Area
- Davenport-Moline-Rock Island, IA-IL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1910
- Former names
- State Bank of Sherrard (1987-1996)
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 18
- Domestic deposits
- $58.2M
- Allowance for credit losses
- $420K
- Net charge-offs (YTD)
- $0
- Average total assets
- $66.0M
- Average total loans
- $46.4M
- Average interest-bearing deposits
- $45.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 11706
- Fed RSSD
- 338945
- Parent Holding Company
- ILLINOIS HOLDING CO. (RSSD 1204083)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, 1st Community Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
1st Community Bank's total assets moved between a low of $64.7M (Q3 2024) and a high of $69.2M (Q1 2024) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$65.3M total assets against $66.0M; $58.7M total liabilities against $59.2M.
$46.2M net loans and leases against $46.1M; $58.2M total deposits against $58.8M.
$1.9M securities against $1.9M; $15.7M cash and balances due against $16.4M.
$882K total interest income against $908K; $153K total interest expense against $167K.
$729K net interest income against $741K.
$20K total noninterest income against $20K; $600K total noninterest expense against $574K.
No provision recorded in the last 12 quarters.
$137K net income against $176K.
0.83% return on assets against 1.07%; 4.60% net interest margin against 4.70%.
10.04% tier 1 leverage ratio against 10.36%.
Inside the full 1st Community Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, free1st Community Bank rankings
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.76% (Q4 2025) to 1.07% (Q2 2025) and its net interest margin ran from 4.37% (Q1 2025) to 4.74% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.04% | 0.83% | 0.49% | 3.24% | 4.60% |
| Q1 2026 | 10.07% | 0.83% | 0.00% | 0.00% | 4.53% |
| Q4 2025 | 10.06% | 0.76% | 0.00% | 0.00% | 4.74% |
| Q3 2025 | 10.39% | 0.84% | 1.44% | 9.34% | 4.61% |
| Q2 2025 | 10.36% | 1.07% | 1.44% | 9.33% | 4.70% |
| Q1 2025 | 10.29% | 0.93% | 0.00% | 0.00% | 4.37% |
| Q4 2024 | 10.36% | 0.94% | 0.00% | 0.00% | 4.58% |
| Q3 2024 | 10.56% | 0.93% | 0.10% | 0.63% | 4.50% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Aledo Branch Facility | Aledo , IL | 61231 | $29.9M |
| 1st Community Bank (main office) | Sherrard , IL | 61281 | $28.4M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IL, rank 336 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 7 applications, 5 loans originated, $535K originated, across 1 states
- Period: Calendar year 2019. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $57K approved, $28K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2001 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows 1st Community Bank’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about 1st Community Bank
What are 1st Community Bank's total assets?
As of the Q2 2026 filing, 1st Community Bank reported total assets of $65.3 million in its FFIEC call report.
Where is 1st Community Bank headquartered?
It is headquartered in Sherrard, IL, United States.
When was 1st Community Bank founded?
It was established in 1910, per the FDIC institution directory.
Is 1st Community Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #11706). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates 1st Community Bank?
1st Community Bank's primary federal regulator is the FDIC.
How many branches does 1st Community Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is 1st Community Bank's Texas Ratio?
Its Texas Ratio is 3.24% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was 1st Community Bank previously called?
The charter now named 1st Community Bank has also operated as State Bank of Sherrard (1987-1996), per FDIC structure-change records.
Go deeper on 1st Community Bank.
Get an email when 1st Community Bank files its next call report, and benchmark it against any peer you choose.
Unlock 1st Community Bank, freeFree account