Bank of Springfield is headquartered in Springfield and is the 48th largest bank in the state of Illinois. It is also the 779th largest bank in the nation. It was established in 1965 and as of March of 2021, it had grown to 291 employees at 13 locations. Bank of Springfield has a B health rating.
Deceitful Crooks
I lost my debit card twice in one year and without notifying me or sending me a letter they blocked and froze my account yet kept accepting my direct deposits I did not find out they had any block on my account until 8 checks got returned I am Consulting a lawyer because of them I owe $350 worth of fees
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 Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19506 |
| Year Established | 1965 |
| Employees | 291 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.22% |
| Return on Equity - YTD | 14.48% |
| Annual Interest Income | $11.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $1.30B$1.04B |
| Loans | Q1 2021vs Q1 2020 | $1.02B$858.4MM |
| Deposits | Q1 2021vs Q1 2020 | $1.10B$853.8MM |
| Equity Capital | Q1 2021vs Q1 2020 | $106.8MM$99.2MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $13.7MM$11.6MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $26.3MM$29.0MM |
| Real Estate Owned | Q1 2021vs Q1 2020 | $7.0MM$7.5MM |
