Overview / Commentary
State Bank of Cerro Gordo is headquartered in Cerro Gordo and is the 400th largest bank in the state of Illinois. It is also the 5,147th largest bank in the nation. It was established in 1894 and as of June of 2019, it had grown to 7 employees at 1 location. State Bank of Cerro Gordo has a B+ health rating.
Health
B+
Data as of Q2 2019
Learn why bank health mattersAdditional 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. State Bank of Cerro Gordo has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11311 |
| Year Established | 1894 |
| Employees | 7 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.64% |
| Return on Equity - YTD | 4.57% |
| Annual Interest Income | $485.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $28.9MM$28.0MM |
| Loans | Q2 2019vs Q2 2018 | $12.2MM$12.3MM |
| Deposits | Q2 2019vs Q2 2018 | $24.6MM$24.1MM |
| Equity Capital | Q2 2019vs Q2 2018 | $4.2MM$3.9MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $86.00K$88.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $6.00K$12.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Rates
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State Bank of Cerro Gordo Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.08% | - | - | Passbook Savings Account | |
| 0.05% | - | - | Christmas Savers Club Account | |
| 0.05% | - | - | Vacation Savers Club Account |
State Bank of Cerro Gordo Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $2.5k | - | Insured Investment Account (Money Market) |
State Bank of Cerro Gordo Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $1k | - | N.O.W. Account | |
| 0.10% | $2.5k | - | Super N.O.W. Account | |
| 0.05% | - | - | The Prestige Account |
State Bank of Cerro Gordo CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $500 | - | 30 Month CD | |
| 0.90% | $500 | - | 18 Month CD | |
| 0.75% | $500 | - | 12 Month CD | |
| 0.50% | $1k | - | 182 Day CD | |
| 0.30% | $1k | - | 7 - 30 Day CD | |
| 0.30% | $1k | - | 91 Day CD |
State Bank of Cerro Gordo IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.10% | $100 | - | 30 Month IRA Certificate | |
| 1.00% | $100 | - | 18 Month IRA Certificate | |
| 0.85% | $100 | - | 12 Month IRA Certificate |
Locations
| State Bank of Cerro Gordo Locations | ||
|---|---|---|
| State Bank Of Cerro Gordo | 101 South Madison Street | Cerro Gordo, IL 61818 |