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Overview / Commentary
70 East Main Street
Ipava, IL 61441

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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Data for Q1 2014

Institution Health


Texas Ratio


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.

Texas Ratio Trend


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.

Deposit Growth


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.

Institution Statistics

FDIC Certificate #10473
Year Established1902
Primary RegulatorFDIC
Assets and Liabilities
Assets$102.81 million
Loans$68.43 million
Deposits$90.91 million
Equity Capital$9.71 million
Loan Loss Allowance$856,000
Unbacked Noncurrent Loans$6,000
Real Estate Owned$137,000
Historic Data - March 2013
Assets$104.71 million
Equity Capital$9.47 million
Loan Loss Allowance$758,000
Real Estate Owned$15,000
Profit Margin - Quarterly
Net Interest Margin4.05%
Return on Assets1.45%
Return on Equity15.49%
Interest Income$1.10 million

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Ipava State Bank Locations
Astoria Branch101 East BroadwayAstoria, IL 61501
Lewistown Branch1203 South Main StreetLewistown, IL 61542
Canton Il Branch123 East Pine StreetCanton, IL 61520
Ipava State Bank70 East Main StreetIpava, IL 61441
Canton Branch74 East Pine StreetCanton, IL 61520