The Gerber State Bank

Overview / Commentary

www.gerberstatebank.com

217-795-2331

110 East Elm Street
Argenta, IL 62501

The Gerber State Bank is headquartered in Argenta and is the 315^th largest bank in the state of Illinois. It is also the 4,289^th largest bank in the nation. It was established in 1887 and as of June of 2020, it had grown to 17 employees at 2 locations. The Gerber State Bank has a B+ health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

B+

Data as of Q2 2020

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. The Gerber State Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	899
Year Established	1887
Employees	17
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.7%
Return on Equity - YTD	5.39%
Annual Interest Income	$1.3MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$81.6MM$76.5MM
Loans	Q2 2020vs Q2 2019	$33.5MM$33.6MM
Deposits	Q2 2020vs Q2 2019	$66.6MM$64.9MM
Equity Capital	Q2 2020vs Q2 2019	$10.8MM$9.5MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$503.00K$407.00K
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$1.1MM$16.00K
Real Estate Owned	Q2 2020vs Q2 2019	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not The Gerber State Bank; we are a rate comparison website and cannot provide official rates or promotions.

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

The Gerber State Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$50k^*	-	IRA Account
OTHER TIERS: 0.15% → $25 - $25k \| 0.20% → $25k - $50k
0.15%^*	$10k^*	-	Health Savings Account
OTHER TIERS: 0.05% → $25 - $2.5k \| 0.10% → $2.5k - $10k
0.07%	$5	-	Passbook Savings

The Gerber State Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%^*	$100k^*	-	Money Market Account
OTHER TIERS: 0.07% → Up to $1k \| 0.08% → $1k - $25k \| 0.12% → $25k - $50k \| 0.25% → $50k - $100k

The Gerber State Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.07%	$1k	-	NOW Account

The Gerber State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%^*	$100k^*	-	36 Month CD
OTHER TIERS: 0.50% → $1k - $50k \| 0.55% → $50k - $100k
0.50%^*	$100k^*	-	24 Month CD
OTHER TIERS: 0.40% → $1k - $50k \| 0.45% → $50k - $100k
0.40%^*	$100k^*	-	18 Month CD
OTHER TIERS: 0.30% → $1k - $50k \| 0.35% → $50k - $100k
0.35%^*	$100k^*	-	12 Month CD
OTHER TIERS: 0.25% → $1k - $50k \| 0.30% → $50k - $100k
0.20%^*	$100k^*	-	182 Day CD
OTHER TIERS: 0.15% → $2.5k - $100k
0.10%^*	$100k^*	-	91 Day CD
OTHER TIERS: 0.05% → $2.5k - $100k

Locations

The Gerber State Bank Locations
Oreana Branch	102 South State Route 48	Oreana, IL 62554
The Gerber State Bank	110 East Elm Street	Argenta, IL 62501

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.