Glasford State Bank

305 East Main Street
Glasford, IL 61533

Notable Rates APY Vs.Others
Savings N.A. 2.30% →
1-Year CD N.A. 2.25% →
2-Year CD N.A. 2.50% →
5-Year CD N.A. 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Glasford State Bank is an FDIC insured institution located in Glasford, IL. It was founded in 1932 and has approximately $0.04 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 8492
Date Established 1932
Assets $0.04 billion
Loans $0.02 billion
Deposits $0.04 billion
Capital $0.00 billion
 

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

Deposit Rates - December 6, 2019

Your Current Location: Washington, WA 98109

There are currently no rates available for Glasford State Bank, but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - December 6, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Glasford State Bank

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
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.625% 3.625% -0.13 ($262) $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to Glasford State Bank
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Branches

Glasford State Bank 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:
Seattle,Washington


Glasford State Bank Locations


Financial Details

Glasford State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Glasford 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
Glasford State Bank U.S. Bank Average
5.1% 6.77%

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 June 30, 2019, Glasford State Bank had $32,000 in non-current loans and $158,000 in owned real estate. To cover these potential losses it had $3,542,000 in equity and $180,000 in loans loss reserves. That gives it a Texas Ratio of 5.1%.

Return on Equity
Glasford State Bank U.S. Bank Average
6.74% 9.50%

Glasford State Bank has a Return on Equity of 6.74% versus the BestCashCow average of 9.50%. 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
Glasford State Bank U.S. Bank Average
8.77% 12.76%

Glasford State Bank has a Capitalization of 8.77% versus the BestCashCow average of 12.76. 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.

Glasford State Bank Balance Sheet Analysis

As of June 30, 2019, Glasford State Bank had assets of $40,395,000, loans of $20,521,000, and deposits of $36,771,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.02 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.04 billion
LIABILITIES
Total deposits $0.04 billion
      Interest-bearing deposits $0.03 billion
      Deposits held in domestic offices $0.04 billion
      % insured (estimated) 82.11%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.04 billion
      Shareholders’ Equity $0.00 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Glasford State Bank’s loan portfolio are 1-4 Family Residential Loans, Consumer Auto Loans, and Farm Loans.

Compared to other banks in Illinois, Glasford State Bank has a significantly higher percent of 1-4 Family Residential Loans, Consumer Auto 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 58.96
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 12.87
Small Business Loans 2.82
Construction and Development Loans 5.05
Commercial Real Estate 2.82
Commercial and Industrial Loans 1.57
Farm Loans 5.92

Frequently Asked Questions About Glasford State Bank

Branches and Savings

Is Glasford State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #8492.

Why does Glasford 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 Glasford State Bank CD rates not competitive?

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

Is Glasford State Bank a commercial bank?

Yes

Where are Glasford State Bank locations?

See branch locations nearby.

Is Glasford State Bank open on Saturdays?

Is Glasford State Bank open on Sundays?

What time does Glasford State Bank open?

What time does Glasford State Bank close?

Are Glasford State Bank ATMs Open 24/7?

Do Glasford State Bank ATMs accept cash deposits?

Can Glasford State Bank customers use other ATMs?

Do Glasford State Bank branches have notaries?

Will Glasford State Bank notarize my document?

What address for Glasford State Bank should I put for incoming ACH transfers?

Will the Glasford State Bank branch print checks?

Do Glasford State Bank checks expire?

Does Glasford State Bank require US citizenship to open account?

Can Glasford State Bank close my account?

Does Glasford State Bank Report to credit bureaus?

Does Glasford State Bank Use Equifax?

What is Glasford State Bank's ACH Routing Number?

What is Glasford State Bank's SWIFT code?

Products

Does Glasford State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Glasford State Bank offer personal loans?

Compare personal loan rates here.

Does Glasford State Bank offer student loans?

Will Glasford State Bank cash a check?

Will Glasford State Bank redeem a savings bond?

Does Glasford State Bank cash savings bonds?

Will Glasford State Bank cash money orders?

Can Glasford State Bank issue a money order?

Does Glasford State Bank do currency exchange?

Background on The Bank

Who owns Glasford State Bank?

How long has Glasford State Bank been around?

Can Glasford State Bank transfer to other banks?

Does Glasford State Bank have quick pay?

Does Glasford State Bank accept rolled coins?

Will Glasford State Bank accept loose change?

Where is Glasford State Bank headquarters?

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