Anchor State Bank

Overview / Commentary

309-723-2461

246 2nd Street
Anchor, IL 61720

Anchor State Bank is headquartered in ANCHOR and is the 320^th largest bank in the state of Illinois. It is also the 4,292^nd largest bank in the nation. It was established in 1920 and as of June of 2024, it had grown to 9 employees at 1 location. Anchor State Bank's CD rates are 22% higher than the national average, and it has an A health rating.

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Health

Data as of Q2 2024

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Anchor State Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	11681
Year Established	1920
Employees	9
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.22%
Return on Equity - YTD	1.63%
Annual Interest Income	$1.2MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$52.4MM$42.3MM
Loans	Q2 2024vs Q2 2023	$32MM$24.5MM
Deposits	Q2 2024vs Q2 2023	$45.5MM$37.4MM
Equity Capital	Q2 2024vs Q2 2023	$6.7MM$4.7MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$212K$164K
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$0$61K
Real Estate Owned	Q2 2024vs Q2 2023	$0$0

Rates

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Savings
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Anchor State Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.85%	$0	-	Variable Rate IRA / Keogh Account
0.20%	$0	-	Statement Savings Account

Anchor State Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%	$0	-	Super NOW Account
0.20%	$0	-	Regular NOW Account

Anchor State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.85%^*	$50k^*	-	120 Month CD
OTHER TIERS: 1.70% → $500 - $10k \| 1.75% → $10k - $25k \| 1.80% → $25k - $50k
1.50%^*	$50k^*	-	84 Month CD
OTHER TIERS: 1.35% → $500 - $10k \| 1.40% → $10k - $25k \| 1.45% → $25k - $50k
1.45%^*	$50k^*	-	72 Month CD
OTHER TIERS: 1.30% → $500 - $10k \| 1.35% → $10k - $25k \| 1.40% → $25k - $50k
1.40%^*	$50k^*	-	60 Month CD
OTHER TIERS: 1.25% → $500 - $10k \| 1.30% → $10k - $25k \| 1.35% → $25k - $50k
1.35%^*	$50k^*	-	48 Month CD
OTHER TIERS: 1.20% → $500 - $10k \| 1.25% → $10k - $25k \| 1.30% → $25k - $50k
1.30%^*	$50k^*	-	36 Month CD
OTHER TIERS: 1.15% → $500 - $10k \| 1.20% → $10k - $25k \| 1.25% → $25k - $50k
1.25%^*	$50k^*	-	30 Month CD
OTHER TIERS: 1.10% → $500 - $10k \| 1.15% → $10k - $25k \| 1.20% → $25k - $50k
1.20%^*	$50k^*	-	24 Month CD
OTHER TIERS: 1.05% → $500 - $10k \| 1.10% → $10k - $25k \| 1.15% → $25k - $50k
1.15%^*	$50k^*	-	18 Month CD
OTHER TIERS: 1.00% → $500 - $10k \| 1.05% → $10k - $25k \| 1.10% → $25k - $50k
1.10%^*	$50k^*	-	12 Month CD
OTHER TIERS: 0.95% → $500 - $10k \| 1.00% → $10k - $25k \| 1.05% → $25k - $50k
0.85%^*	$50k^*	-	6 Month CD
OTHER TIERS: 0.70% → $500 - $10k \| 0.75% → $10k - $25k \| 0.80% → $25k - $50k
0.60%^*	$50k^*	-	3 Month CD
OTHER TIERS: 0.45% → $500 - $10k \| 0.50% → $10k - $25k \| 0.55% → $25k - $50k
0.20%^*	$50k^*	-	7-29 Day CD
OTHER TIERS: 0.05% → $500 - $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k
0.20%^*	$50k^*	-	1 Month CD
OTHER TIERS: 0.05% → $500 - $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k
0.20%^*	$50k^*	-	2 Month CD
OTHER TIERS: 0.05% → $500 - $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k

Anchor State Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.85%^*	$50k^*	-	120 Month IRA
OTHER TIERS: 1.70% → $500 - $10k \| 1.75% → $10k - $25k \| 1.80% → $25k - $50k
1.50%^*	$50k^*	-	84 Month IRA
OTHER TIERS: 1.35% → $500 - $10k \| 1.40% → $10k - $25k \| 1.45% → $25k - $50k
1.45%^*	$50k^*	-	72 Month IRA
OTHER TIERS: 1.30% → $500 - $10k \| 1.35% → $10k - $25k \| 1.40% → $25k - $50k
1.40%^*	$50k^*	-	60 Month IRA
OTHER TIERS: 1.25% → $500 - $10k \| 1.30% → $10k - $25k \| 1.35% → $25k - $50k
1.35%^*	$50k^*	-	48 Month IRA
OTHER TIERS: 1.20% → $500 - $10k \| 1.25% → $10k - $25k \| 1.30% → $25k - $50k
1.30%^*	$50k^*	-	36 Month IRA
OTHER TIERS: 1.15% → $500 - $10k \| 1.20% → $10k - $25k \| 1.25% → $25k - $50k
1.25%^*	$50k^*	-	30 Month IRA
OTHER TIERS: 1.10% → $500 - $10k \| 1.15% → $10k - $25k \| 1.20% → $25k - $50k
1.20%^*	$50k^*	-	24 Month IRA
OTHER TIERS: 1.05% → $500 - $10k \| 1.10% → $10k - $25k \| 1.15% → $25k - $50k
1.15%^*	$50k^*	-	18 Month IRA
OTHER TIERS: 1.00% → $500 - $10k \| 1.05% → $10k - $25k \| 1.10% → $25k - $50k
1.10%^*	$50k^*	-	12 Month IRA
OTHER TIERS: 0.95% → $500 - $10k \| 1.00% → $10k - $25k \| 1.05% → $25k - $50k
0.85%^*	$50k^*	-	6 Month IRA
OTHER TIERS: 0.70% → $500 - $10k \| 0.75% → $10k - $25k \| 0.80% → $25k - $50k
0.60%^*	$50k^*	-	3 Month IRA
OTHER TIERS: 0.45% → $500 - $10k \| 0.50% → $10k - $25k \| 0.55% → $25k - $50k
0.20%^*	$50k^*	-	7-29 Day IRA
OTHER TIERS: 0.05% → $500 - $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k
0.20%^*	$50k^*	-	1 Month IRA
OTHER TIERS: 0.05% → $500 - $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k
0.20%^*	$50k^*	-	2 Month IRA
OTHER TIERS: 0.05% → $500 - $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k