Bank of Springfield

3400 West Wabash
Springfield, IL 62711


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 19506
Date Established 1965
Assets $1.01 billion
Loans $0.83 billion
Deposits $0.84 billion
Capital $0.09 billion

Bank of Springfield is an FDIC insured institution located in Springfield, IL. It was founded in 1965 and has approximately $1.01 billion in assets. Customers can open an account at one of its 13 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.

Deposit Rates - August 25, 2019

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Money Market
0.30% $1 $19,999 Learn MoreShow Less
Money Market
0.35% $20,000 $49,999 Learn MoreShow Less
3 Mo CD
0.11% $1,000 - Learn MoreShow Less
6 Mo CD
0.16% $1,000 - Learn MoreShow Less
12 Mo CD
0.31% $1,000 - Learn MoreShow Less
Special: 13 Mo CD
1.31% $1,000 - Learn MoreShow Less
Special: 16 Mo CD
2.42% $1,000 - Learn MoreShow Less
18 Mo CD
0.41% $1,000 - Learn MoreShow Less
24 Mo CD
1.86% $1,000 - Learn MoreShow Less
36 Mo CD
0.81% $1,000 - Learn MoreShow Less
Special: 38 Mo CD
1.49% $1,000 - Learn MoreShow Less
48 Mo CD
1.06% $1,000 - Learn MoreShow Less
60 Mo CD
1.31% $1,000 - Learn MoreShow Less

Fixed IRA
0.31% $2,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.81% $250 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.20% $1 $4,999 Learn MoreShow Less

Loan Rates - August 25, 2019

Your Current Location: Washington, WA 98101

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 - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 520-CL-25944
3.529% 3.500% 0.38 $898 $1,123 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.240 %
$0 Learn More
More Info

Note to Bank of Springfield
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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.

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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 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
35.44% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, Bank of Springfield had $28,072,000 in non-current loans and $7,878,000 in owned real estate. To cover these potential losses it had $93,692,000 in equity and $7,742,000 in loans loss reserves. That gives it a Texas Ratio of 35.44%.

Return on Equity
Bank of Springfield U.S. Bank Average
7.03% 9.47%

Bank of Springfield has a Return on Equity of 7.03% versus the BestCashCow average of 9.47%. 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.

Bank of Springfield U.S. Bank Average
9.3% 12.49%

Bank of Springfield has a Capitalization of 9.3% versus the BestCashCow average of 12.49. 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 March 31, 2019, Bank of Springfield had assets of $1,007,838,000, loans of $829,825,000, and deposits of $838,289,000. 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.

Summary Balance Sheet

March 31, 2019
Cash & Balances due from depository institutions $0.06 billion
Interest-bearing balances $0.06 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.83 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.02 billion
     Total Assets $0.91 billion
Total deposits $0.84 billion
      Interest-bearing deposits $0.68 billion
      Deposits held in domestic offices $0.84 billion
      % insured (estimated) 64.89%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.05 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.91 billion
      Shareholders’ Equity $0.09 billion

Summary Income Statement

March 31, 2019
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

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, Commercial and Industrial 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 14.19
Credit Card Loans 0.00
Consumer Auto Loans 0.30
Small Business Loans 7.90
Construction and Development Loans 10.73
Commercial Real Estate 28.31
Commercial and Industrial Loans 25.76
Farm Loans 4.62

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?


Where are Bank Of Springfield locations?

See branch locations nearby.

Is Bank Of Springfield open on Saturdays?

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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?


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?

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