The Iuka State Bank

The Iuka State Bank is headquartered in Iuka and is the 526^th largest bank in the state of Illinois. It is also the 6,895^th largest bank in the nation. It was established in 1910 and as of March of 2012, it had grown to 11 employees at 2 locations. The Iuka State Bank has a 5-star health rating.

The Iuka State Bank Routing Number: 081213780

Data for Q1 2012

Institution Statistics The Iuka State Bank FDIC Certificate # 11317 BankRate Report View Year Established 1910 Employees 11 Primary Regulator FDIC Assets and Liabilities Assets $32.30 million Loans $22.33 million Deposits $29.27 million Equity Capital $2.93 million Loan Loss Allowance $322,000 Unbacked Noncurrent Loans $91,000 Real Estate Owned $45,000 Historic Data - March 2011 Assets $23.02 million Equity Capital $2.75 million Loan Loss Allowance $348,000 Unbacked Noncurrent Loans $118,000 Real Estate Owned $60,000 Profit Margin - Quarterly Net Interest Margin 3.92% Return on Assets 0.86% Return on Equity 9.22% Interest Income $344,000

Institution Health Overall Score: 5 out of 5 Texas Ratio 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 March 31, 2012 The Iuka State Bank had $136,000 in non-current loans and owned real-estate with $3.26 million in equity and loan loss allowances on hand to cover it. This gives The Iuka State Bank a Texas Ratio of 4.18% 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 The Iuka State Bank decreased slightly from 5.74% as of March 31, 2011 to 4.18% as of March 31, 2012, resulting in a positive change of 27.21%.This indicates that the balance sheet and financial strength for The Iuka State Bank has improved slightly in recent periods. Deposit Growth In the past year, The Iuka State Bank has increased its total deposits by $9.06 million, resulting in 44.81% 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 Iuka State 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. The Iuka State Bank has $32.3 million in assets with $3.26 million in equity, resulting in a capitalization level of 10.08%, which is above average.

No reviews have been left for this bank yet. Be the first to review.