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Overview / Commentary
618-549-2181
216 East Main Street
Carbondale, IL 62901

The Bank of Carbondale is headquartered in Carbondale and is the 191st largest bank in the state of Illinois. It is also the 2,840th largest bank in the nation. It was established in 1919 and as of June of 2014, it had grown to 56 employees at 5 locations. The Bank of Carbondale has a B health rating.

Reviews (1)

3.3% Business Cd

After calling the bank, the business 3.3%cd is non existant.



Health

Data for Q2 2014

Institution Health

B

Texas Ratio

GRADE:
C+

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 June 30, 2014 The Bank of Carbondale had $8.36 million in non-current loans and owned real-estate with $28.68 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Carbondale a Texas Ratio of 29.13% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for The Bank of Carbondale increased slightly from 21.69% as of June 30, 2013 to 29.13% as of June 30, 2014, resulting in a negative change of 34.29%. This indicates that the balance sheet and financial strength for The Bank of Carbondale has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, The Bank of Carbondale has increased its total deposits by $9.68 million, resulting in 5.31% 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 The Bank of Carbondale has shown is excellent.

Capitalization

GRADE:
A+

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. The Bank of Carbondale has $218.84 million in assets with $28.68 million in equity, resulting in a capitalization level of 13.11%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #10828
Year Established1919
Employees56
Primary RegulatorFDIC
Assets and Liabilities
Assets$218.84 million
Loans$134.35 million
Deposits$192.05 million
Equity Capital$25.62 million
Loan Loss Allowance$3.06 million
Unbacked Noncurrent Loans$5.75 million
Real Estate Owned$2.61 million
Historic Data - June 2013
Assets$211.27 million
Equity Capital$23.38 million
Loan Loss Allowance$3.43 million
Unbacked Noncurrent Loans$5.75 million
Real Estate Owned$27,000
Profit Margin - Quarterly
Return on Assets0.99%
Return on Equity8.68%
Interest Income$3.94 million
Rates

Always verify rates and promotions with the bank or credit union. We are not The Bank of Carbondale, we are a rate comparison website and can not provide official rates or promotions.

The Bank of Carbondale Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100-Savings Account

The Bank of Carbondale Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$25k-Money Market
0.25%$10k-Elite Money Market

The Bank of Carbondale Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$1k-NOW Checking

The Bank of Carbondale CD Rates

DetailsAPYMINMAXPRODUCT
1.31%$1k-60 Month CD
1.00%$1k-48 Month CD
0.90%$1k-36 Month CD
0.85%$1k-30 Month CD
0.60%$1k-24 Month CD
0.50%$50k-12 Month CD
0.50%$1k-18 Month CD
0.30%$50k-6 Month CD
Locations


The Bank of Carbondale Locations
Carbondale Drive Thru Branch1399 East Main StreetCarbondale, IL 62901
The Bank Of Carbondale216 East Main StreetCarbondale, IL 62901
Vergennes Branch640 Hack AvenueVergennes, IL 62994
Murphysboro Branch900 Walnut StreetMurphysboro, IL 62966
Carterville BranchWest Plaza DriveCarterville, IL 62918