Crossroads Bank

2000 South Banker Street
Effingham, IL 62401
1-800-305-7751
www.crossroadsbank.com

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Crossroads Bank is headquartered in Effingham and is the 289^th largest bank in the state of Illinois. It is also the 4,158^th largest bank in the nation. It was established in 1974 and as of September of 2011, it had grown to 29 employees at 2 locations. Crossroads Bank's money market rates are 14% higher than the national average, and it boasts a 5-star health rating.

Crossroads Bank Routing Number: 081224122

Top CD and Reward Checking Rates at Crossroads Bank in Southwest IL - Local Only - 6/3/2010

Crossroads Bank has several top rates on its deposit products. Some of its best CD and IRA CD rates include a 2.01% APY 18-month CD and a 2.77% APY 36-month CD. Minimum deposit is $500. These rates a ...

4.10% Reward Checking Account at an Illinois Bank (Crossroads) - 3/27/2008

Update 6/07/09: The top yield has fallen to 4.10% APY. Refer to the bottom of the post for the rate history.Crossroads Bank has a reward checking account called Effingham First Checking that pays 4.10% APY on balances up to $30,000 (2.00% for above) if...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Crossroads Bank Checking Account Rates

Apy	Min	Max	Product
3.05%	-	$30k	Effingham First Checking
1.51%	-	-	Health Savings Account
0.75%	$100k	-	Super NOW
0.30%	-	-	Bonus Checking
0.30%	-	-	Young At Heart Checking

Crossroads Bank Savings Account Rates

Apy	Min	Max	Product
1.00%	-	$2k	Super Christmas Club
1.00%	-	$2k	Vacation Club
0.75%	$100k	-	Regular Savings
0.75%	$100k	-	Business Savings
0.30%	-	-	Bill the Reader
0.30%	-	-	Christmas Club

Crossroads Bank Money Market Rates

Apy	Min	Max	Product
0.75%	$20k	-	Effingham First Money Market
0.75%	$20k	-	Effingham First Business Money Market

Crossroads Bank CD Rates

Apy	Min	Max	Product
2.11%	$500	-	60 Month CD
1.81%	$500	-	48 Month CD
1.25%	$500	-	36 Month CD
1.10%	$500	-	30 Month CD
1.00%	$500	-	24 Month CD
0.97%	$1k	-	33 Month Opportunity CD
0.80%	$500	-	18 Month CD
0.70%	$500	-	12 Month CD
0.70%	$1k	-	12 Month Variable Effingham First CD
0.50%	$1k	-	6 Month CD
0.50%	$1k	-	6 Month Variable Effingham First CD
0.40%	$1k	-	3 Month CD

Crossroads Bank IRA Rates

Apy	Min	Max	Product
2.11%	$500	-	60 Month IRA
2.11%	$500	-	60 Month Roth IRA
1.81%	$500	-	48 Month IRA
1.81%	$500	-	48 Month Roth IRA
1.25%	$500	-	36 Month IRA
1.25%	$500	-	36 Month Roth IRA
1.10%	$500	-	30 Month IRA
1.10%	$500	-	30 Month Roth IRA
1.00%	$500	-	24 Month IRA
1.00%	$500	-	24 Month Roth IRA
0.80%	$500	-	18 Month IRA
0.80%	$500	-	18 Month Roth IRA
0.70%	$500	-	12 Month IRA
0.70%	$500	-	12 Month Roth IRA
0.50%	$1k	-	6 Month IRA
0.50%	$1k	-	6 Month Roth IRA
0.40%	$1k	-	3 Month IRA
0.40%	$1k	-	3 Month Roth IRA

Rates updated: 2/10/2012

Data for Q3 2011

Institution Statistics

Crossroads Bank
FDIC Certificate #	21486
BankRate Report	View
Year Established	1974
Employees	29
Primary Regulator	FDIC
Assets and Liabilities
Assets	$132.83 million
Loans	$97.74 million
Deposits	$113.39 million
Equity Capital	$16.99 million
Loan Loss Allowance	$907,000
Unbacked Noncurrent Loans	$517,000
Historic Data - September 2010
Assets	$127.60 million
Equity Capital	$16.11 million
Loan Loss Allowance	$776,000
Unbacked Noncurrent Loans	$32,000
Real Estate Owned	$68,000
Profit Margin - Quarterly
Net Interest Margin	3.53%
Return on Assets	1.18%
Return on Equity	9.54%
Interest Income	$4.54 million

Institution Health

Overall Score:

5 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 September 30, 2011 Crossroads Bank had $517,000 in non-current loans and owned real-estate with $17.9 million in equity and loan loss allowances on hand to cover it. This gives Crossroads Bank a Texas Ratio of 2.89% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Crossroads Bank held steady from 0.59% as of September 30, 2010 to 2.89% as of September 30, 2011, resulting in a negative change of 387.91%. This indicates that the balance sheet and financial strength for Crossroads Bank has held steady in recent periods.
Deposit Growth
In the past year, Crossroads Bank has increased its total deposits by $4.17 million, resulting in 3.81% 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 Crossroads Bank 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. Crossroads Bank has $132.83 million in assets with $17.9 million in equity, resulting in a capitalization level of 13.47%, which is excellent.