Bank of Springfield

Bank of Springfield is headquartered in Springfield and is the 54^th largest bank in the state of Illinois. It is also the 910^st largest bank in the nation. It was established in 1965 and as of December of 2011, it had grown to 209 employees at 9 locations. Bank of Springfield has a 4-star health rating.

Bank of Springfield Routing Number: 071108559

Bank of Springfield CD Rates

Bank of Springfield IRA Rates

Data for Q4 2011

Institution Statistics Bank of Springfield FDIC Certificate # 19506 BankRate Report View Year Established 1965 Employees 209 Primary Regulator FDIC Assets and Liabilities Assets $727.87 million Loans $544.66 million Deposits $610.45 million Equity Capital $57.87 million Loan Loss Allowance $6.29 million Unbacked Noncurrent Loans $5.56 million Real Estate Owned $875,000 Historic Data - December 2010 Assets $681.22 million Equity Capital $54.63 million Loan Loss Allowance $5.47 million Unbacked Noncurrent Loans $6.11 million Real Estate Owned $6.14 million Profit Margin - Quarterly Net Interest Margin 3.57% Return on Assets 0.46% Return on Equity 6.01% Interest Income $31.91 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Bank of Springfield had $6.43 million in non-current loans and owned real-estate with $64.16 million in equity and loan loss allowances on hand to cover it. This gives Bank of Springfield a Texas Ratio of 10.02% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Bank of Springfield decreased significantly from 20.38% as of December 31, 2010 to 10.02% as of December 31, 2011, resulting in a positive change of 50.82%.This indicates that the balance sheet and financial strength for Bank of Springfield has improved significantly in recent periods. Deposit Growth In the past year, Bank of Springfield has increased its total deposits by $16.11 million, resulting in 2.71% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Springfield has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Springfield has $727.87 million in assets with $64.16 million in equity, resulting in a capitalization level of 8.81%, which is average.