First State Bank of Forrest
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Data as of · sourced from FFIEC call reports. How we update
First State Bank of Forrest is an FDIC-insured commercial bank headquartered in Forrest, IL, established in 1914 (FDIC certificate 11669), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $327.8M, up 2.8% from Q2 2025, the 143rd largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 11.68% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 11669
- Headquarters
- Forrest, IL
- Established
- 1914
- Total assets, Q2 2026
- $327.8M
- Assets vs Q2 2025
- +2.8%
- CET1 ratio, Q2 2026
- 11.68%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 071113049
- Latest call report
- Q2 2026, FFIEC 051 · First State Bank of Forrest call report
- Holding company
- FORREST BANCSHARES, INC.
- Asset rank in state
- 143rd of 319 in Illinois
First State Bank of Forrest, based in Forrest, Illinois, reported $328 million in assets at June 30, 2026, up 2.8% from a year earlier. It carries problem assets equal to 14.3% of the capital and reserves that would absorb them, 5.4 times the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. It also funds 8.92% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
Net income for the quarter rose 13% from a year earlier, to $1.0 million. Over the same year, loans shrank 0.6% and deposits grew 6.1%. Funding is the softer spot: it pays an average of 2.47% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
As of June 30, 2026, First State Bank of Forrest reported a CET1 capital ratio of 11.68%, a return on assets of 1.22%, a nonperforming-loan ratio of 1.61% and a Texas ratio of 14.30%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First State Bank of Forrest is the 143rd largest of the 319 banks headquartered in Illinois. Between Q1 2026 and Q2 2026, its total assets fell 0.3% to $327.8M, loans fell 1.0% and deposits rose 0.1%. 1-4 family residential loans made up 40.2% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 14.8%. Its 6 offices in the FDIC Summary of Deposits are in 6 cities in IL; its Forrest office books 28% of its branch deposits. By the capital ratios in its Q2 2026 call report, First State Bank of Forrest meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 133 E Krack St, Forrest, IL 61741
- County
- Livingston
- Metro Area
- Pontiac, 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
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1914
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 54
- Domestic deposits
- $280.3M
- Allowance for credit losses
- $2.4M
- Net charge-offs (YTD)
- $1.2M
- Average total assets
- $329.3M
- Average total loans
- $277.7M
- Average interest-bearing deposits
- $240.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 11669
- Fed RSSD
- 980438
- Website
- http://wwwfsbforrest.com →
- Parent Holding Company
- FORREST BANCSHARES, INC. (RSSD 1207981)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, First State Bank of Forrest's total assets ran between $289.2M (Q3 2023) and $329.3M (Q4 2025), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$327.8M total assets against $318.8M; $298.9M total liabilities against $291.8M.
$273.1M net loans and leases against $274.7M; $280.3M total deposits against $264.3M.
$16.4M securities against $17.1M; $28.2M cash and balances due against $17.7M.
$4.8M total interest income against $4.4M; $1.8M total interest expense against $2.0M.
$3.0M net interest income against $2.5M.
$185K total noninterest income against $273K; $2.0M total noninterest expense against $1.8M.
$105K provision for credit losses against $75K.
$1.0M net income against $886K.
1.22% return on assets against 1.13%; 3.72% net interest margin against 3.23%.
11.68% CET1 capital ratio against 10.75%; 8.92% tier 1 leverage ratio against 8.77%.
Inside the full First State Bank of Forrest terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst State Bank of Forrest rankings
Its closest position to the top of a national ranking is 336 of 3,640, for Texas Ratio; its furthest is 1,808 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.13% (Q1 2026) to 1.53% (Q4 2025) and its net interest margin ran from 2.77% (Q3 2024) to 3.72% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.68% | 1.22% | 1.61% | 14.30% | 3.72% |
| Q1 2026 | 11.10% | -0.13% | 1.62% | 14.83% | 3.56% |
| Q4 2025 | 11.17% | 1.53% | 1.72% | 15.34% | 3.49% |
| Q3 2025 | 10.76% | 1.16% | 1.84% | 17.29% | 3.27% |
| Q2 2025 | 10.75% | 1.13% | 1.68% | 16.27% | 3.23% |
| Q1 2025 | 10.88% | 0.55% | 1.91% | 17.62% | 3.09% |
| Q4 2024 | 11.24% | 0.90% | 1.55% | 14.15% | 2.94% |
| Q3 2024 | 11.06% | 0.40% | 1.61% | 15.10% | 2.77% |
Swipe the table sideways to see every column.
Branch Network
View all 6 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 |
|---|---|---|---|
| First State Bank of Forrest (main office) | Forrest , IL | 61741 | $79.7M |
| Mahomet Branch | Mahomet , IL | 61853 | $75.3M |
| Peoria Heights Branch | Peoria Heights , IL | 61616 | $44.4M |
| Fairbury Branch | Fairbury , IL | 61739 | $37.6M |
| Erie Branch | Erie , IL | 61250 | $27.1M |
| 115 N Chestnut St Branch | Onarga , IL | 60955 | $16.2M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 1, 2011 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2011 | Structure Change | Acquired Erie State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IL, rank 171 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 308 applications, 267 loans originated, $36.9M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $120K approved, $120K average. 100.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1999 (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
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Frequently asked about First State Bank of Forrest
What are First State Bank of Forrest's total assets?
As of the Q2 2026 filing, First State Bank of Forrest reported total assets of $327.8 million in its FFIEC call report.
Where is First State Bank of Forrest headquartered?
It is headquartered in Forrest, IL, United States.
When was First State Bank of Forrest founded?
It was established in 1914, per the FDIC institution directory.
Is First State Bank of Forrest FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #11669). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First State Bank of Forrest?
First State Bank of Forrest's primary federal regulator is the FDIC.
What is First State Bank of Forrest's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.68% in its Q2 2026 call report, above regulatory requirements.
How many branches does First State Bank of Forrest operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First State Bank of Forrest's Texas Ratio?
Its Texas Ratio is 14.30% 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.
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