Southern Illinois Bank is headquartered in Johnston City and is the 337th largest bank in the state of Illinois. It is also the 4,750th largest bank in the nation. It was established in 1999 and as of March of 2014, it had grown to 21 employees at 4 locations. Southern Illinois Bank's money market rates are 36% higher than the national average, and it has a B+ health rating.
Safe , Sound And Solid Local Bank. Continued Bright Future For This Bank.
Excellent locally owned and operated bank. Customer friendly with sound management and board of directors positioned to serve local consumers needs of all types.
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 Southern Illinois Bank had $132,000 in non-current loans and owned real-estate with $9.16 million in equity and loan loss allowances on hand to cover it. This gives Southern Illinois Bank a Texas Ratio of 1.44% 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 Southern Illinois Bank experienced no significant changes from 0.27% as of March 31, 2013 to 1.44% as of March 31, 2014, resulting in a negative change of 424.60%. This indicates that the balance sheet and financial strength for Southern Illinois Bank has had no significant changes in recent periods.
Deposit Growth
In the past year, Southern Illinois Bank has increased its total deposits by $3.33 million, resulting in 3.84% 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 Southern Illinois Bank has shown is excellent.
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. Southern Illinois Bank has $99.38 million in assets with $9.16 million in equity, resulting in a capitalization level of 9.22%, which is average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 35229 |
| Year Established | 1999 |
| Employees | 21 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $99.38 million |
| Loans | $45.83 million |
| Deposits | $90.09 million |
| Equity Capital | $8.79 million |
| Loan Loss Allowance | $373,000 |
| Unbacked Noncurrent Loans | $132,000 |
| Real Estate Owned | $0 |
| Historic Data - March 2013 | |
|---|---|
| Assets | $95.97 million |
| Equity Capital | $8.41 million |
| Loan Loss Allowance | $330,000 |
| Unbacked Noncurrent Loans | $132,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.35% |
| Return on Assets | 0.9% |
| Return on Equity | 10.17% |
| Interest Income | $840,000 |
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Southern Illinois Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | - | - | Statement Savings | |
| 0.20% | - | - | Christmas Club |
Southern Illinois Bank Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.60% | $50k | - | Premium MMDA | |
| 0.25% | $10k | - | MMDA |
Southern Illinois Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | - | - | Interest Checking |
Southern Illinois Bank CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.21% | $1k | - | 60 Month CD | |
| 1.01% | $1k | - | 48 Month CD | |
| 0.65% | $1k | - | 36 Month CD | |
| 0.50% | $1k | - | 30 Month CD | |
| 0.45% | $1k | - | 24 Month CD | |
| 0.35% | $1k | - | 18 Month CD | |
| 0.30% | $1k | - | 15 Month CD | |
| 0.30% | $1k | - | 16 Month CD | |
| 0.20% | $1k | - | 12 Month CD | |
| 0.20% | $1k | - | 13 Month CD | |
| 0.15% | $1k | - | 6 Month CD | |
| 0.15% | $1k | - | 7 Month CD |
Southern Illinois Bank IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.21% | $1k | - | 60 Month IRA | |
| 1.01% | $1k | - | 48 Month IRA | |
| 0.65% | $1k | - | 36 Month IRA | |
| 0.50% | $1k | - | 30 Month IRA | |
| 0.45% | $1k | - | 24 Month IRA | |
| 0.35% | $1k | - | 18 Month IRA | |
| 0.30% | $1k | - | 15 Month IRA | |
| 0.30% | $1k | - | 16 Month IRA | |
| 0.20% | $1k | - | 12 Month IRA | |
| 0.20% | $1k | - | 13 Month IRA | |
| 0.15% | $1k | - | 6 Month IRA | |
| 0.15% | $1k | - | 7 Month IRA |
| Southern Illinois Bank Locations | ||
|---|---|---|
| Southern Illinois Bank | 1012 West Broadway | Johnston City, IL 62951 |
| Zeigler Branch | 202 N Christopher Rd | Zeigler, IL 62999 |
| Thompsonville Branch | 21394 Shawneetown Rd | Thompsonville, IL 62890 |
| West Frankfort Branch | 404 South Logan Street | West Frankfort, IL 62896 |