Central State Bank


100 West Main Street
Clayton, IL 62324
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 1.60% →
1-Year CD 0.40% 1.35% →
2-Year CD 0.75% 1.45% →
5-Year CD 1.50% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Central State Bank is an FDIC insured institution located in Clayton, IL. It was founded in 1928 and has approximately $0.14 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 8487
Date Established 1928
Assets $ 144.63 million
Loans $ 123.86 million
Deposits $ 114.90 million
Capital $ 22.40 million

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

Deposit Rates - June 4, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.20% $50 - Learn More
Money Market
0.15% $2,500 $9,999 Learn More
Money Market
0.40% $10,000 $24,999 Learn More
Money Market
0.65% $25,000 $49,999 Learn More
3 Mo CD
0.30% $1,000 - Learn More
6 Mo CD
0.35% $1,000 - Learn More
12 Mo CD
0.40% $1,000 - Learn More
18 Mo CD
0.60% $1,000 - Learn More
24 Mo CD
0.75% $1,000 - Learn More
30 Mo CD
0.80% $1,000 - Learn More
36 Mo CD
1.00% $1,000 - Learn More
48 Mo CD
1.25% $1,000 - Learn More
60 Mo CD
1.50% $1,000 - Learn More

Fixed IRA
0.40% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1,000 - Learn MoreShow Less

Loan Rates - June 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Central State Bank

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

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
NMLS ID: 2890
License#: 13256
3.019% 3.000% 0.25 $625 $1,055 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More

Note to Central State Bank
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Financial Details

Central State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Central State Bank. 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
Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
3.500 %
$0 Learn More
More Info
Central State Bank U.S. Bank Average
29.63% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 December 31, 2019, Central State Bank had $6,389,000 in non-current loans and $699,000 in owned real estate. To cover these potential losses it had $22,398,000 in equity and $1,522,000 in loans loss reserves. That gives it a Texas Ratio of 29.63%.

Return on Equity
Central State Bank U.S. Bank Average
15.52% 9.41%

Central State Bank has a Return on Equity of 15.52% versus the BestCashCow average of 9.41%. 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.

Central State Bank U.S. Bank Average
15.49% 12.82%

Central State Bank has a Capitalization of 15.49% versus the BestCashCow average of 12.82. 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.

Central State Bank Balance Sheet Analysis

As of December 31, 2019, Central State Bank had assets of $144,631,000, loans of $123,862,000, and deposits of $114,902,000. 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

December 31, 2019
Cash & Balances due from depository institutions $ 14.54 million
Interest-bearing balances $ 9.34 million
Total securities $ 2.92 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 123.86 million
Loan loss allowance $ 1.52 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.70 million
Goodwill and other intangibles $ 0.05 million
All other assets $ 1.90 million
     Total Assets $ 122.23 million
Total deposits $ 114.90 million
      Interest-bearing deposits $ 98.54 million
      Deposits held in domestic offices $ 114.90 million
      % insured (estimated) 95.70%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 7.00 million
Subordinated debt N.A.
All other liabilities $ 0.33 million
      Total Liabilities $ 122.23 million
      Shareholders’ Equity $ 22.40 million

Summary Income Statement

December 31, 2019
Total Interest Income $ 7.80 million
Total Interest Expense $ 1.67 million
Net interest income $ 6.13 million
Provision for loan and lease losses $ 0.41 million
Total non interest income $ 1.22 million
Total non interest expense $ 3.55 million
Pre-tax Net Operating Income $ 3.38 million

Bank Loan Profile?

The top three loan types in Central State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Farm Loans.

Compared to other banks, Central State Bank’s loan portfolio does not show any specific loan specialty.

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 30.64
Credit Card Loans 0.00
Consumer Auto Loans 5.87
Small Business Loans 4.72
Construction and Development Loans 0.97
Commercial Real Estate 4.72
Commercial and Industrial Loans 12.57
Farm Loans 12.40

Frequently Asked Questions About Central State Bank

Branches and Savings

Is Central State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #8487.

Why does Central State Bank pay such low interest on savings accounts?

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

Why are Central State Bank CD rates not competitive?

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

Is Central State Bank a commercial bank?


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Is Central State Bank open on Saturdays?

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Does Central State Bank offer mortgages?

Compare mortgage rates here.

Does Central State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Central State Bank offer personal loans?

Compare personal loan rates here.

Does Central State Bank offer student loans?

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Background on The Bank

Who owns Central State Bank?

How long has Central State Bank been around?

Can Central State Bank transfer to other banks?

Does Central State Bank have quick pay?

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