Ipava State Bank is headquartered in Ipava and is the 330th largest bank in the state of Illinois. It is also the 4,666th largest bank in the nation. It was established in 1902 and as of March of 2014, it had grown to 29 employees at 5 locations. Ipava State Bank has a B+ health rating.
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The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Ipava State Bank had $143,000 in non-current loans and owned real-estate with $10.56 million in equity and loan loss allowances on hand to cover it. This gives Ipava State Bank a Texas Ratio of 1.35% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Ipava State Bank experienced no significant changes from 0.15% as of March 31, 2013 to 1.35% as of March 31, 2014, resulting in a negative change of 823.01%. This indicates that the balance sheet and financial strength for Ipava State Bank has had no significant changes in recent periods.
In the past year, Ipava State Bank has decreased its total deposits by -$1.35 million, resulting in -1.47% 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 Ipava State Bank has shown is average.
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. Ipava State Bank has $102.81 million in assets with $10.56 million in equity, resulting in a capitalization level of 10.27%, which is above average.
|FDIC Certificate #||10473|
|Assets and Liabilities|
|Equity Capital||$9.71 million|
|Loan Loss Allowance||$856,000|
|Unbacked Noncurrent Loans||$6,000|
|Real Estate Owned||$137,000|
|Historic Data - March 2013|
|Equity Capital||$9.47 million|
|Loan Loss Allowance||$758,000|
|Real Estate Owned||$15,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.05%|
|Return on Assets||1.45%|
|Return on Equity||15.49%|
|Interest Income||$1.10 million|
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|Ipava State Bank Locations|
|Astoria Branch||101 East Broadway||Astoria, IL 61501|
|Lewistown Branch||1203 South Main Street||Lewistown, IL 61542|
|Canton Il Branch||123 East Pine Street||Canton, IL 61520|
|Ipava State Bank||70 East Main Street||Ipava, IL 61441|
|Canton Branch||74 East Pine Street||Canton, IL 61520|