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Overview / Commentary
217-323-1400
301 State Street
Beardstown, IL 62618

Beardstown Savings is headquartered in Beardstown and is the 467th largest bank in the state of Illinois. It is also the 6,170th largest bank in the nation. It was established in 1911 and as of December of 2013, it had grown to 12 employees at 2 locations. Beardstown Savings' savings rates are 2X the national average, and it has a C+ health rating.

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Health

Data for Q4 2013

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Beardstown Savings has a low asset base.

Texas Ratio

GRADE:
C+

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, 2013 Beardstown Savings had $1.44 million in non-current loans and owned real-estate with $5.01 million in equity and loan loss allowances on hand to cover it. This gives Beardstown Savings a Texas Ratio of 28.66% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Beardstown Savings decreased slightly from 38.96% as of December 31, 2012 to 28.66% as of December 31, 2013, resulting in a positive change of 26.43%.This indicates that the balance sheet and financial strength for Beardstown Savings has improved slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Beardstown Savings has decreased its total deposits by -$2.65 million, resulting in -7.03% 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 Beardstown Savings has shown is below average.

Capitalization

GRADE:
A

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. Beardstown Savings has $43.88 million in assets with $5.01 million in equity, resulting in a capitalization level of 11.43%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #30043
Year Established1911
Employees12
Primary RegulatorFDIC
Assets and Liabilities
Assets$43.88 million
Loans$27.20 million
Deposits$35.03 million
Equity Capital$4.57 million
Loan Loss Allowance$442,000
Unbacked Noncurrent Loans$635,000
Real Estate Owned$802,000
Historic Data - December 2012
Assets$45.14 million
Equity Capital$4.59 million
Loan Loss Allowance$431,000
Unbacked Noncurrent Loans$635,000
Real Estate Owned$1.16 million
Profit Margin - Quarterly
Net Interest Margin3.93%
Return on Assets0.51%
Return on Equity4.95%
Interest Income$1.92 million
Rates

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Beardstown Savings Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.25%$250-Traditional IRA
1.25%$250-Roth IRA
0.30%$50-Statement Savings

Beardstown Savings Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%--Money Market Account (MMDA)

Beardstown Savings Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Now Checking

Beardstown Savings CD Rates

DetailsAPYMINMAXPRODUCT
1.06%$1k-36 Month CD
1.06%$1k-72 Month CD
0.96%$1k-30 Month CD
0.60%$1k-18 Month CD
0.40%$1k-12 Month CD
0.25%$1k-182 Day CD
0.20%$1k-91 Day CD
Locations


Beardstown Savings Locations
West Main St Branch201 West Main StreetMount Sterling, IL 62353
Beardstown Savings S.B.301 State StreetBeardstown, IL 62618