Bank of Springfield is headquartered in Springfield and is the 41st largest bank in the state of Illinois. It is also the 712th largest bank in the nation. It was established in 1965 and as of March of 2022, it had grown to 317 employees at 14 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 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19506 |
| Year Established | 1965 |
| Employees | 317 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.86% |
| Return on Equity - YTD | 11.04% |
| Annual Interest Income | $10.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $1.46B$1.30B |
| Loans | Q1 2022vs Q1 2021 | $1.03B$1.02B |
| Deposits | Q1 2022vs Q1 2021 | $1.29B$1.10B |
| Equity Capital | Q1 2022vs Q1 2021 | $113.0MM$106.8MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $13.2MM$13.7MM |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $24.8MM$26.3MM |
| Real Estate Owned | Q1 2022vs Q1 2021 | $1.1MM$7.0MM |
