Bank of Springfield is headquartered in Springfield and is the 47th largest bank in the state of Illinois. It is also the 773rd largest bank in the nation. It was established in 1965 and as of December of 2018, it had grown to 272 employees at 13 locations. Bank of Springfield has a C+ health rating.
Do NOT Put Your Money Here
Bank of Springfield WAS a great bank until October 2011. At that time they changed their online accounting software and the new program is terrible. It is difficult to use...not just for customers, but for employees, too. In two months, I experienced TWO deposit errors. (previous 12 years...none). In spite of the tremendous hassle, I will be switching banks.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19506 |
| Year Established | 1965 |
| Employees | 272 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.68% |
| Return on Equity - YTD | 7.58% |
| Annual Interest Income | $42.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $1.01B$981.8MM |
| Loans | Q4 2018vs Q4 2017 | $854.0MM$830.2MM |
| Deposits | Q4 2018vs Q4 2017 | $839.1MM$825.7MM |
| Equity Capital | Q4 2018vs Q4 2017 | $92.1MM$84.6MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $7.2MM$9.0MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $22.7MM$23.4MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $7.6MM$866.00K |
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