FNB

What FNB does

Farmers National Bank (FNB) is a privately held community bank founded on August 13, 1902 in Prophetstown, Illinois, operating under the Prophetstown Banking Co. holding company formed in 1994. It serves Northwest Illinois through four full-service branches — Prophetstown (headquarters), Geneseo, Morrison, and Mount Carroll (opened 2024) — with eight agricultural and commercial lenders and Interactive Teller Machines (ITMs) at all locations plus a standalone ITM at Geneseo North. The bank holds more than $800 million in total assets, is FDIC insured, and is ranked among the top 100 community banks in the United States for agricultural lending, with approximately 75% of its loan portfolio dedicated to agricultural borrowers including grain, livestock, and specialty crop producers.

The product portfolio spans personal banking (checking, savings, credit cards, HSAs, IRAs, CDs), business banking (business credit cards, remote deposit capture, cash management, merchant processing), and loan services (agricultural operating lines, machinery and livestock loans, farm real estate, residential mortgages with 15/20/30-year fixed and in-house balloon products, home equity/HELOCs, commercial and consumer loans), plus a dedicated trust and wealth management department offering farm management, estate and trust administration, retirement planning, and a community foundation (Funding New Beginnings, est. 2004). Technology infrastructure includes a mobile banking app on iOS and Android, Zelle peer-to-peer payments, remote deposit capture, online account opening, 256-bit SSL encryption, and contactless EMV debit cards with instant-issue capability at branches.

FNB operates a sales-led, relationship-driven go-to-market model anchored by in-person service and local decision-making, with same-day loan approvals available for smaller requests. Revenue is generated primarily through net interest income on loans (agricultural, residential, commercial, consumer), supplemented by deposit spread, wealth management and trust fees, and merchant processing income. Customer acquisition leverages community sponsorships (county fairs, 4H, FFA), a proprietary podcast distributed across seven platforms, organic social media, local advertising, and referral partnerships with title companies, attorneys, and realtors in Northwest Illinois.

Name

FNB

Legal name

Farmers National Bank

Website

https://farmersnationalbank.bank

Company type

Private

Founded year

1902

Operating status

Operating

Headcount range

51–100 employees

Short description

Farmers National Bank is a privately held community bank founded in 1902, serving Northwest Illinois through four branches with $800M+ in assets, specializing in agricultural lending (75% of loan portfolio) plus personal, business, mortgage, and trust services.

Ownership category

akta.pro rank

Product category

Community Banking

SIC

National Commercial Banks (6021)

akta.pro primary industry

Agricultural & Rural Development Banks (FSABAKAE)

akta.pro secondary industries

Succession, Governance & Ownership Transition Advisory (AFACAJAO), Natural Resources — Farmland & Agriculture (FSAAAKAI)

Keywords

• Community banking services
• Agricultural lending
• Residential mortgage loans
• Wealth management services
• Commercial loan services

Headquarters

HQ city

Prophetstown

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Interest Income from Loans: Primary revenue stream from agricultural loans (operating lines, machinery, livestock, real estate), residential mortgages, commercial loans, and consumer loans. Approximately 75% of loan portfolio is agriculture-related. Maximum loan amount per borrower is $10 million.
2. Deposit Services: Revenue from deposit accounts including checking, savings, Certificates of Deposit, IRAs, and Health Savings Accounts. FDIC insured deposits.
3. Wealth Management and Trust Services: Fees from wealth management, retirement planning, farm management, estate and trust administration services through dedicated Trust Department
4. Digital Banking Services: Digital banking platform offering 24/7 access, mobile app, and self-service account management
5. Merchant Processing Services: Business banking services including merchant processing for businesses to accept card payments

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Farmers National Bank is a community bank providing deposit accounts (checking, savings, CDs, IRAs, HSAs), agricultural loans (operating lines, machinery, livestock, real estate), residential mortgages, commercial and consumer loans, business banking services (merchant processing, cash management, remote deposit capture), and wealth management and trust services. Operations are centered on Northwest Illinois through four full-service branches complemented by mobile banking, ITMs, and online account opening, with approximately 75% of the loan portfolio dedicated to agriculture.

Product overview

Farmers National Bank offers a comprehensive suite of traditional banking products and services as a community bank serving Northwest Illinois since 1902. The core product portfolio includes Digital Banking (mobile app with Zelle, remote deposit capture, card management, and upcoming video chat features), Personal Banking (checking, savings, credit cards, HSAs, IRAs, CDs), Business Banking (credit cards, remote deposit capture, cash management, merchant processing), and Loan Services (agriculture, residential mortgage, home equity, commercial, and consumer loans). The bank is notably agriculture-focused with approximately 75% of its loan portfolio dedicated to agricultural lending, positioning it in the top 100 community banks nationally for agriculture. Wealth Management services include trust administration, estate planning, farm management, and financial planning. The bank also operates a Community Foundation for local charitable giving. All services are delivered through 4 branch locations, ITMs, mobile banking, and online account opening, with in-house loan servicing for mortgages.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Checking accounts with competitive interest rates for everyday banking needs, available to personal customers.
• Personal Savings Accounts Savings products paying competitive interest rates to help personal customers grow their money.
• Personal Credit Card Credit card products for personal use issued by FNB.
• HSA Health Savings Accounts Health savings accounts for individuals with high-deductible health plans.
• IRA Services Individual Retirement Account services including traditional IRAs for retirement savings.
• Certificates of Deposit CD products with competitive rates and guaranteed returns for term deposits.
• Digital Banking Online and mobile banking platform providing 24/7 account access, person-to-person Zelle transfers, card management, remote deposit capture, chat services, and upcoming video chat and screen sharing features for personal and business customers.
• Agriculture Loans Specialized agricultural lending including operating lines of credit (seasonal loans paid off at harvest), machinery and equipment loans, livestock loans (hogs, cattle), and farm real estate purchase loans. The largest segment of FNB's portfolio, representing approximately 75% of lending.
• Residential Mortgage Loans Home loans including 15-year fixed, 20-year fixed, and 30-year fixed rate mortgages as well as in-house balloon products (5-year, 7-year, and 10-year terms) with flexible amortization. FNB services all loans in-house.
• Home Equity Loans and HELOCs Home equity lending products allowing homeowners to borrow against their property value.
• Commercial Loans Commercial lending products for business borrowers including operating, equipment, and real estate loans.
• Consumer Loans Personal consumer loans for individual borrowing needs.
• Business Credit Card Credit card products designed for business use.
• Remote Deposit Capture Digital banking feature allowing business customers to deposit checks remotely using a scanner or mobile device.
• Cash Management Services Business cash management solutions for managing business finances and liquidity.
• Merchant Processing Services Payment processing services enabling business customers to accept card payments.
• Wealth Management Comprehensive wealth management services including investment management and financial planning for individuals, families, and farm operations, delivered through the FNB Trust Department.
• Farm Management Services Full-service farm management provided as a Corporate Trustee, Corporate Executor, or representative for absentee property owners, including trust and estate administration for agricultural operations.
• Estate and Trust Administration Trust and estate administration services including wills and trust management for customers planning asset transfer and estate settlement.

Quantifiable outcome

• Same-day loan approvals available for smaller loan requests
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Prophetstown Lyndon Tampico School DistrictminorOthersSchool district area served by the Funding New Beginnings Community Foundation. Nonprofit organizations with 501(c)(3) status, government organizations, or educational institutions serving this district area can apply for community grants.
• Jackson & Peck Financial GroupminorStrategic or Co-development PartnerStrategic partnership with Jackson & Peck Financial Group for educational content. Joint podcasts discussing home loan processes and trust departments featuring FNB loan officers and Jackson & Peck representatives.
• MoneyPasscoreTechnology or IntegrationSurcharge-free ATM network partnership providing FNB customers access to 25,000+ MoneyPass ATMs nationwide. FNB is a member of the surcharge-free ATM network.
• Local Title Companies and AttorneyscoreChannel Partner/ Reseller/ DistributorLong-standing relationships with local title companies and attorneys who refer home buyers and borrowers to FNB for mortgage and loan services. These partners prefer working with local banks due to relationship-based service and flexibility.
• University of IllinoisminorOthersAgricultural lenders utilize University of Illinois resources including crop budget predictors and educational opportunities to stay informed on agricultural economics and farming trends.
• Illinois Bankers Association and Community Bankers AssociationminorOthersIndustry associations providing learning opportunities, professional development, and networking for FNB lenders through speakers and professors. These organizations support ongoing education for bank staff.

Scale indicators6 records

Recent moves16 records

Expansion highlights5 records

Direct peers

• Busey Bank: Illinois-headquartered community bank offering commercial, ag, mortgage, and wealth management services across central Illinois — directly comparable to FNB as a community bank with ag lending exposure serving Illinois small businesses and households.
• First Mid Bank & Trust: Mattoon, IL-based community bank with commercial, ag, mortgage, and wealth services across Illinois — directly comparable in size, footprint, and product mix to FNB.
• Heartland Bank and Trust Company: Bloomington, IL-headquartered community bank with strong ag lending presence in central Illinois — directly comparable to FNB on community-bank model, ag specialization, and full-service product suite.
• Blackhawk Bank: Community bank serving northern Illinois and southern Wisconsin with consumer, business, and ag lending — comparable to FNB in community-bank positioning and ag/commercial lending mix, with overlapping Illinois territory.
• CNB Bank & Trust, N.A. Carlinville, IL-based community bank with consumer, business, and ag lending across central and southwestern Illinois — directly comparable in size, community-bank model, and rural/ag orientation to FNB.
• First Farmers State Bank: Minier, IL-based community bank focused on agricultural and small-business lending in central Illinois — directly comparable to FNB on the ag-tilted community banking model.
• State Bank of Toulon: Small Illinois community bank serving Stark and surrounding counties with consumer, ag, and small-business banking — closely mirrors FNB's small-town, ag-oriented community banking profile.

Broad incumbents

• Midland States Bank: Effingham, IL-based regional bank with a community banking arm spanning commercial, ag, mortgage, and wealth across the Midwest — larger and broader than FNB but overlapping in ag and community banking products and Illinois footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/FarmersNationalBankIL
• LinkedInlinkedin.com/company/farmers-national
• Instagraminstagram.com/farmersnationalbank1902

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FNB