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217-223-6480
801 State Street
Quincy, IL 62301

State Street Bank and Trust Company (IL) is headquartered in Quincy and is the 219st largest bank in the state of Illinois. It is also the 3,201st largest bank in the nation. It was established in 1890 and as of December of 2013, it had grown to 58 employees at 4 locations. State Street Bank and Trust Company (IL) has a A health rating.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 December 31, 2013 State Street Bank and Trust Company (IL) had $75,000 in non-current loans and owned real-estate with $18.7 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 0.40% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for State Street Bank and Trust Company (IL) decreased dramatically from 0.75% as of December 31, 2012 to 0.40% as of December 31, 2013, resulting in a positive change of 46.74%.This indicates that the balance sheet and financial strength for State Street Bank and Trust Company (IL) has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, State Street Bank and Trust Company (IL) has increased its total deposits by $4.46 million, resulting in 2.7% 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 above 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 $187.12 million in assets with $18.7 million in equity, resulting in a capitalization level of 9.99%, which is above average.

Institution Statistics

Overall
FDIC Certificate #14857
Year Established1890
Employees58
Primary RegulatorFDIC
Assets and Liabilities
Assets$187.12 million
Loans$104.77 million
Deposits$169.42 million
Equity Capital$17.46 million
Loan Loss Allowance$1.24 million
Unbacked Noncurrent Loans$75,000
Real Estate Owned$0
Historic Data - December 2012
Assets$182.45 million
Equity Capital$17.25 million
Loan Loss Allowance$1.34 million
Unbacked Noncurrent Loans$75,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.95%
Return on Assets1.02%
Return on Equity10.69%
Interest Income$5.86 million
Rates
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State Street Bank and Trust Company (IL) Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.00%-$10kBetter Interest Checking
0.05%--Better Interest Checking
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