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State Street Bank and Trust Company (IL)

Overview / Commentary
217-223-6480
801 State Street
Quincy, IL 62301

State Street Bank and Trust Company (IL) is headquartered in Quincy and is the 222nd largest bank in the state of Illinois. It is also the 3,199th largest bank in the nation. It was established in 1890 and as of March of 2014, it had grown to 58 employees at 4 locations. State Street Bank and Trust Company (IL) has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

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 State Street Bank and Trust Company (IL) had $978,000 in non-current loans and owned real-estate with $19.08 million in equity and loan loss allowances on hand to cover it. This gives State Street Bank and Trust Company (IL) a Texas Ratio of 5.13% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for State Street Bank and Trust Company (IL) experienced no significant changes from 0.23% as of March 31, 2013 to 5.13% as of March 31, 2014, resulting in a negative change of 2,113.76%. This indicates that the balance sheet and financial strength for State Street Bank and Trust Company (IL) has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, State Street Bank and Trust Company (IL) has decreased its total deposits by -$2.42 million, resulting in -1.4% 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 State Street Bank and Trust Company (IL) has shown is average.

Capitalization

GRADE:
B+

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. State Street Bank and Trust Company (IL) has $188.08 million in assets with $19.08 million in equity, resulting in a capitalization level of 10.15%, which is above average.

Institution Statistics

Overall
FDIC Certificate #14857
Year Established1890
Employees58
Primary RegulatorFDIC
Assets and Liabilities
Assets$188.09 million
Loans$103.64 million
Deposits$170.02 million
Equity Capital$17.84 million
Loan Loss Allowance$1.25 million
Unbacked Noncurrent Loans$978,000
Real Estate Owned$0
Historic Data - March 2013
Assets$190.33 million
Equity Capital$17.68 million
Loan Loss Allowance$1.32 million
Unbacked Noncurrent Loans$978,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.02%
Return on Assets0.81%
Return on Equity8.61%
Interest Income$1.49 million
Rates
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State Street Bank and Trust Company (IL) Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.00%-$10kBetter Interest Checking - Qualifying
0.05%--Better Interest Checking - Non Qualifying
Locations


State Street Bank and Trust Company (IL) Locations
Payson Facility401 West State StreetPayson, IL 62360
Broadway Branch48th and BroadwayQuincy, IL 62306
Niemann Foods Facility520 North 24th StreetQuincy, IL 62301
State Street Bank and Trust Company801 State StreetQuincy, IL 62301