Hardware State Bank


102 West State Street
Lovington, IL 61937
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Hardware State Bank is an FDIC insured institution located in Lovington, IL. It was founded in 1885 and has approximately $0.02 billion in assets.

FDIC Insured Yes
FDIC Certificate # 12408
Date Established 1885
Assets $ 24.29 million
Loans $ 10.02 million
Deposits $ 19.91 million
Capital $ 2.19 million

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

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111


Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for Hardware State Bank

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

Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.475% 3.375%
0.75 points
$3,125 fees
$1,106 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Hardware State Bank
To upload and update your bank's rates please register. It is free to register and add rates.


Hardware 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:
San Diego,California

Hardware State Bank Locations

Financial Details

Hardware State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Hardware 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
Hardware State Bank U.S. Bank Average
0% 5.29%

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, 2021, Hardware State Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,186,000 in equity and $91,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Hardware State Bank U.S. Bank Average
1.85% 11.43%

Hardware State Bank has a Return on Equity of 1.85% versus the BestCashCow average of 11.43%. 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.

Hardware State Bank U.S. Bank Average
9% 11.51%

Hardware State Bank has a Capitalization of 9% versus the BestCashCow average of 11.51. 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.

Hardware State Bank Balance Sheet Analysis

As of December 31, 2016, Hardware State Bank had assets of $22,136,000, loans of $10,024,000, and deposits of $19,909,000. 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, 2021
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 $ 10.02 million
Loan loss allowance $ 0.09 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 19.91 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 $ 24.29 million

Summary Income Statement

March 31, 2021
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 Hardware State Bank’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Commercial and Industrial Loans.

Compared to other banks in Illinois, Hardware State Bank has a significantly higher percent of Small Business Loans, Farm 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 30.84
Credit Card Loans 0.00
Consumer Auto Loans 2.83
Small Business Loans 7.80
Construction and Development Loans 2.78
Commercial Real Estate 7.80
Commercial and Industrial Loans 12.72
Farm Loans 18.50

Frequently Asked Questions About Hardware State Bank

Branches and Savings

Is Hardware State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #12408.

Why does Hardware 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 Hardware State Bank CD rates not competitive?

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

Is Hardware State Bank a commercial bank?


Where are Hardware State Bank locations?

See branch locations nearby.

Is Hardware State Bank open on Saturdays?

Is Hardware State Bank open on Sundays?

What time does Hardware State Bank open?

What time does Hardware State Bank close?

Are Hardware State Bank ATMs Open 24/7?

Do Hardware State Bank ATMs accept cash deposits?

Can Hardware State Bank customers use other ATMs?

Do Hardware State Bank branches have notaries?

Will Hardware State Bank notarize my document?

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

Will the Hardware State Bank branch print checks?

Do Hardware State Bank checks expire?

Does Hardware State Bank require US citizenship to open account?

Can Hardware State Bank close my account?

Does Hardware State Bank Report to credit bureaus?

Does Hardware State Bank Use Equifax?

What is Hardware State Bank's ACH Routing Number?

What is Hardware State Bank's SWIFT code?


Does Hardware State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Hardware State Bank offer personal loans?

Compare personal loan rates here.

Does Hardware State Bank offer student loans?

Will Hardware State Bank cash a check?

Will Hardware State Bank redeem a savings bond?

Does Hardware State Bank cash savings bonds?

Will Hardware State Bank cash money orders?

Can Hardware State Bank issue a money order?

Does Hardware State Bank do currency exchange?

Background on The Bank

Who owns Hardware State Bank?

How long has Hardware State Bank been around?

Can Hardware State Bank transfer to other banks?

Does Hardware State Bank have quick pay?

Does Hardware State Bank accept rolled coins?

Will Hardware State Bank accept loose change?

Where is Hardware State Bank headquarters?

Customer Reviews for Hardware State Bank

There are currently no comments for Hardware State Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →