Bank of Springfield

3400 West Wabash
Springfield, IL 62711

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 19506
Date Established 1965
Assets $0.95 billion
Loans $0.78 billion
Deposits $0.81 billion
Capital $0.08 billion

Bank of Springfield is an FDIC insured institution located in Springfield, IL. It was founded in 1965 and has approximately $0.95 billion in assets. Customers can open an account at one of its 12 branches.

For a more detailed analysis of Bank of Springfield's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank of Springfield’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Illinois, Bank of Springfield has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 13.95
Multifamily
Mortgages
1.35
Credit Card Loans 0.00
Consumer Auto Loans 0.48
Small Business Loans 8.43
Construction and Development Loans 12.16
Commercial Real Estate 33.72
Commercial and Industrial Loans 21.18
Farm Loans 4.66

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.11% $1,000 - Learn MoreShow Less
6 Mo CD 10K
0.16% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.10% $100 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.31% $2,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.81% $250 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.10% $1 $19,999 Learn MoreShow Less
MM 25K
0.15% $20,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.10% $1 $4,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Springfield

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bank of Springfield
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Branches

Bank of Springfield branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank Of Springfield Locations

Financial Details

Bank of Springfield Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Springfield. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Springfield U.S. Bank Average
25.64% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of Springfield had $23,285,000 in non-current loans and $398,000 in owned real estate. To cover these potential losses it had $82,483,000 in equity and $9,901,000 in loans loss reserves. That gives it a Texas Ratio of 25.64%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Springfield U.S. Bank Average
7.04% 8.58

Bank of Springfield has a Return on Equity of 7.04% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of Springfield U.S. Bank Average
8.69% 12.11

Bank of Springfield has a Capitalization of 8.69% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Springfield Balance Sheet Analysis

As of June 30, 2017, Bank of Springfield had assets of $948,832,000, loans of $783,833,000, and deposits of $810,918,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Bank of Springfield

Branches and Savings

Is Bank of Springfield FDIC insured?

Yes. It is covered under FDIC Certificate #19506.

Why does Bank of Springfield pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank of Springfield CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank of Springfield a commercial bank?

Yes

Where are Bank of Springfield locations?

See branch locations nearby.

Is Bank of Springfield open on Saturdays?

Is Bank of Springfield open on Sundays?

What time does Bank of Springfield open?

What time does Bank of Springfield close?

Are Bank of Springfield ATMs Open 24/7?

Do Bank of Springfield ATMs accept cash deposits?

Can Bank of Springfield customers use other ATMs?

Do Bank of Springfield branches have notaries?

Will Bank of Springfield notarize my document?

What address for Bank of Springfield should I put for incoming ACH transfers?

Will the Bank of Springfield branch print checks?

Do Bank of Springfield checks expire?

Does Bank of Springfield require US citizenship to open account?

Can Bank of Springfield close my account?

Does Bank of Springfield Report to credit bureaus?

Does Bank of Springfield Use Equifax?

What is Bank of Springfield's ACH Routing Number?

What is Bank of Springfield's SWIFT code?

Products

Does Bank of Springfield offer mortgages?

Compare mortgage rates here.

Does Bank of Springfield offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Springfield offer personal loans?

Compare personal loan rates here.

Does Bank of Springfield offer student loans?

Will Bank of Springfield cash a check?

Will Bank of Springfield redeem a savings bond?

Does Bank of Springfield cash savings bonds?

Will Bank of Springfield cash money orders?

Can Bank of Springfield issue a money order?

Does Bank of Springfield do currency exchange?

Background on The Bank

Who owns Bank of Springfield?

How long has Bank of Springfield been around?

Can Bank of Springfield transfer to other banks?

Does Bank of Springfield have quick pay?

Does Bank of Springfield accept rolled coins?

Will Bank of Springfield accept loose change?

Where is Bank of Springfield headquarters?

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