Philo Exchange Bank
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Data as of · sourced from FFIEC call reports. How we update
Philo Exchange Bank is an FDIC-insured commercial bank headquartered in Philo, IL, established in 1883 (FDIC certificate 5722), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $156.6M, up 15.9% from Q2 2025, the 225th largest of 319 banks headquartered in Illinois. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.18% 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
- 5722
- Headquarters
- Philo, IL
- Established
- 1883
- Total assets, Q2 2026
- $156.6M
- Assets vs Q2 2025
- +15.9%
- Tier 1 leverage ratio, Q2 2026
- 10.18%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 071110369
- Holding company
- YANKEE RIDGE, INC.
- Asset rank in state
- 225th of 319 in Illinois
Philo Exchange Bank, based in Philo, Illinois, reported $157 million in assets at June 30, 2026, up 15.9% from a year earlier. It grew deposits 18.3% over the year, 4.5 times the median of 4.0% for the 2,660 banks with $100 million to $1 billion in assets. It also pays an average of 1.17% on its deposits and borrowings, lower than about three-quarters of banks its size (median 1.80%).
Net income for the quarter slipped 11% from a year earlier, to $380,000. Over the same year, loans grew 3.2% and deposits grew 18.3%. Costs are the weak spot: it spends about 71 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, Philo Exchange Bank reported a return on assets of 0.98%, a nonperforming-loan ratio of 0.02% and a Texas ratio of 0.48%. The figures come from its call report filed with the FFIEC.
Philo Exchange Bank ranks as the 225th largest of the 319 banks based in Illinois, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 3.0% to $156.6M, loans rose 3.2% and deposits rose 3.4%. Farmland and other real estate loans made up 26.8% of its total loans on June 30, 2026, its largest category; next came multifamily loans at 24.6%. The FDIC Summary of Deposits lists 6 offices for it, in 5 cities in IL; its Philo 2 offices book 67% of its branch deposits. Judged on its Q2 2026 call report, Philo Exchange Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 102 W Washington St, Philo, IL 61864
- County
- Champaign
- Metro Area
- Champaign-Urbana, 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, 1883
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 25
- Domestic deposits
- $130.3M
- Allowance for credit losses
- $859K
- Net charge-offs (YTD)
- $57K
- Average total assets
- $154.5M
- Average total loans
- $86.3M
- Average interest-bearing deposits
- $87.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5722
- Fed RSSD
- 667346
- Website
- www.philobank.com →
- Parent Holding Company
- YANKEE RIDGE, INC. (RSSD 2948919)
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, Philo Exchange Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Philo Exchange Bank's total assets ranged from $129.6M (Q1 2024) to $156.6M (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
$156.6M total assets against $135.1M; $141.1M total liabilities against $120.9M.
$88.1M net loans and leases against $85.4M; $130.3M total deposits against $110.1M.
$42.3M securities against $38.3M; $17.4M cash and balances due against $4.1M.
$1.7M total interest income against $1.5M; $403K total interest expense against $322K.
$1.3M net interest income against $1.2M.
$84K total noninterest income against $77K; $981K total noninterest expense against $852K.
$0 provision for credit losses against $0.
$380K net income against $429K.
0.98% return on assets against 1.22%; 3.56% net interest margin against 3.66%.
10.18% tier 1 leverage ratio against 10.57%.
Inside the full Philo Exchange Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freePhilo Exchange Bank rankings
Its closest position to the top of a national ranking is 2,548 of 3,611, for ROA; its furthest is 2,971 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.61% (Q3 2024) to 1.22% (Q2 2025) and its net interest margin ran from 3.14% (Q3 2024) to 4.47% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.18% | 0.98% | 0.02% | 0.48% | 3.56% |
| Q1 2026 | 10.01% | 1.01% | 0.03% | 0.50% | 3.55% |
| Q4 2025 | 10.91% | 1.17% | 0.14% | 0.81% | 4.47% |
| Q3 2025 | 11.13% | 1.13% | 0.14% | 0.87% | 3.74% |
| Q2 2025 | 10.57% | 1.22% | 0.15% | 0.94% | 3.66% |
| Q1 2025 | 10.26% | 0.87% | 0.45% | 2.92% | 3.36% |
| Q4 2024 | 10.31% | 0.87% | 0.45% | 3.14% | 3.17% |
| Q3 2024 | 10.41% | 0.61% | 0.39% | 2.73% | 3.14% |
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 |
|---|---|---|---|
| Philo Exchange Bank (main office) | Philo , IL | 61864 | $86.9M |
| State Bank of Allerton Branch | Allerton , IL | 61810 | $28.9M |
| Community Bank Plaza Facility | Broadlands , IL | 61816 | $7.1M |
| 802 E. Warren Street Branch | Saint Joseph , IL | 61873 | $6.8M |
| Philo Exchange Bank Branch | Tolono , IL | 61880 | $703K |
| North Lincoln Street Branch (Route 130) | Philo , IL | 61864 | $0 |
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 |
|---|---|---|---|
| December 12, 2004 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 12, 2004 | Structure Change | Acquired The State Bank of Allerton 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 267 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, 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 Philo Exchange Bank
What are Philo Exchange Bank's total assets?
As of the Q2 2026 filing, Philo Exchange Bank reported total assets of $156.6 million in its FFIEC call report.
Where is Philo Exchange Bank headquartered?
It is headquartered in Philo, IL, United States.
When was Philo Exchange Bank founded?
It was established in 1883, per the FDIC institution directory.
Is Philo Exchange Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5722). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Philo Exchange Bank?
Philo Exchange Bank's primary federal regulator is the FDIC.
How many branches does Philo Exchange Bank 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 Philo Exchange Bank's Texas Ratio?
Its Texas Ratio is 0.48% 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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