Galena State Bank & Trust Co.

Headquarters

971 Gear Street
Galena, IL 61036
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Galena State Bank & Trust Co. is an FDIC insured institution located in Galena, IL. It was founded in 1967 and has approximately $0.29 billion in assets.

FDIC Insured Yes
FDIC Certificate # 19660
Date Established 1967
Assets $ 293.44 million
Loans $ 179.16 million
Deposits $ 252.70 million
Capital $ 25.78 million
 

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

Deposit Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Galena State Bank & Trust Co.

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

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Payment
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Third Federal Savings and Loans
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2.990 %
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
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Note to Galena State Bank & Trust Co.
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Branches

Galena State Bank & Trust Co. 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:
Fairfield,Connecticut


Galena State Bank & Trust Co. Locations


Financial Details

Galena State Bank & Trust Co. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Galena State Bank & Trust Co.. 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
Galena State Bank & Trust Co. U.S. Bank Average
7.25% 6.94%

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 March 31, 2020, Galena State Bank & Trust Co. had $1,377,000 in non-current loans and $602,000 in owned real estate. To cover these potential losses it had $25,778,000 in equity and $1,501,000 in loans loss reserves. That gives it a Texas Ratio of 7.25%.

Return on Equity
Galena State Bank & Trust Co. U.S. Bank Average
13.69% 7.80%

Galena State Bank & Trust Co. has a Return on Equity of 13.69% versus the BestCashCow average of 7.80%. 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
Galena State Bank & Trust Co. U.S. Bank Average
8.78% 12.68%

Galena State Bank & Trust Co. has a Capitalization of 8.78% versus the BestCashCow average of 12.68. 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.

Galena State Bank & Trust Co. Balance Sheet Analysis

As of September 30, 2014, Galena State Bank & Trust Co. had assets of $291,623,000, loans of $179,157,000, and deposits of $252,704,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 179.16 million
Loan loss allowance $ 1.50 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.60 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 252.70 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 293.44 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Galena State Bank & Trust Co.’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Illinois, Galena State Bank & Trust Co. has a significantly higher percent of Small Business Loans, 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 25.27
Multifamily
Mortgages
1.19
Credit Card Loans 0.00
Consumer Auto Loans 1.05
Small Business Loans 12.51
Construction and Development Loans 8.63
Commercial Real Estate 28.93
Commercial and Industrial Loans 19.72
Farm Loans 1.40

Frequently Asked Questions About Galena State Bank & Trust Co.

Branches and Savings

Is Galena State Bank & Trust Co. FDIC insured?

Yes. It is covered under FDIC Certificate #19660.

Why does Galena State Bank & Trust Co. pay such low interest on savings accounts?

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

Why are Galena State Bank & Trust Co. CD rates not competitive?

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

Is Galena State Bank & Trust Co. a commercial bank?

Yes

Where are Galena State Bank & Trust Co. locations?

See branch locations nearby.

Is Galena State Bank & Trust Co. open on Saturdays?

Is Galena State Bank & Trust Co. open on Sundays?

What time does Galena State Bank & Trust Co. open?

What time does Galena State Bank & Trust Co. close?

Are Galena State Bank & Trust Co. ATMs Open 24/7?

Do Galena State Bank & Trust Co. ATMs accept cash deposits?

Can Galena State Bank & Trust Co. customers use other ATMs?

Do Galena State Bank & Trust Co. branches have notaries?

Will Galena State Bank & Trust Co. notarize my document?

What address for Galena State Bank & Trust Co. should I put for incoming ACH transfers?

Will the Galena State Bank & Trust Co. branch print checks?

Do Galena State Bank & Trust Co. checks expire?

Does Galena State Bank & Trust Co. require US citizenship to open account?

Can Galena State Bank & Trust Co. close my account?

Does Galena State Bank & Trust Co. Report to credit bureaus?

Does Galena State Bank & Trust Co. Use Equifax?

What is Galena State Bank & Trust Co.'s ACH Routing Number?

What is Galena State Bank & Trust Co.'s SWIFT code?

Products

Does Galena State Bank & Trust Co. offer mortgages?

Compare mortgage rates here.

Does Galena State Bank & Trust Co. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Galena State Bank & Trust Co. offer personal loans?

Compare personal loan rates here.

Does Galena State Bank & Trust Co. offer student loans?

Will Galena State Bank & Trust Co. cash a check?

Will Galena State Bank & Trust Co. redeem a savings bond?

Does Galena State Bank & Trust Co. cash savings bonds?

Will Galena State Bank & Trust Co. cash money orders?

Can Galena State Bank & Trust Co. issue a money order?

Does Galena State Bank & Trust Co. do currency exchange?

Background on The Bank

Who owns Galena State Bank & Trust Co.?

How long has Galena State Bank & Trust Co. been around?

Can Galena State Bank & Trust Co. transfer to other banks?

Does Galena State Bank & Trust Co. have quick pay?

Does Galena State Bank & Trust Co. accept rolled coins?

Will Galena State Bank & Trust Co. accept loose change?

Where is Galena State Bank & Trust Co. headquarters?

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