Ipava State Bank

Headquarters

70 East Main Street
Ipava, IL 61441
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.40% 0.95% →
2-Year CD 0.70% 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

Ipava State Bank is an FDIC insured institution located in Ipava, IL. It was founded in 1902 and has approximately $0.17 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 10473
Date Established 1902
Assets $ 167.00 million
Loans $ 101.07 million
Deposits $ 153.69 million
Capital $ 12.99 million
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.70% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
30 Mo CD
0.80% $10,000 $14,999 Learn More
30 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.90% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Ipava 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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Ipava State Bank
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Branches

Ipava 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:
Fairfield,Connecticut


Ipava State Bank Locations


Financial Details

Ipava State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ipava 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
Ipava State Bank U.S. Bank Average
2.52% 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, Ipava State Bank had $359,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $12,993,000 in equity and $1,258,000 in loans loss reserves. That gives it a Texas Ratio of 2.52%.

Return on Equity
Ipava State Bank U.S. Bank Average
16.81% 7.80%

Ipava State Bank has a Return on Equity of 16.81% 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
Ipava State Bank U.S. Bank Average
7.78% 12.68%

Ipava State Bank has a Capitalization of 7.78% 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.

Ipava State Bank Balance Sheet Analysis

As of March 31, 2020, Ipava State Bank had assets of $167,001,000, loans of $101,072,000, and deposits of $153,691,000. 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 $ 35.52 million
Interest-bearing balances $ 28.52 million
Total securities $ 23.53 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 101.07 million
Loan loss allowance $ 1.26 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 $ 2.46 million
     Total Assets $ 154.01 million
LIABILITIES
Total deposits $ 153.69 million
      Interest-bearing deposits $ 101.34 million
      Deposits held in domestic offices $ 153.69 million
      % insured (estimated) 67.72%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.32 million
      Total Liabilities $ 154.01 million
      Shareholders’ Equity $ 12.99 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.63 million
Total Interest Expense $ 0.24 million
Net interest income $ 1.39 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.41 million
Total non interest expense $ 1.24 million
Pre-tax Net Operating Income $ 0.54 million

Bank Loan Profile?

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

Compared to other banks in Illinois, Ipava State Bank has a significantly higher percent of Small Business 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 32.58
Multifamily
Mortgages
1.34
Credit Card Loans 0.00
Consumer Auto Loans 4.07
Small Business Loans 11.10
Construction and Development Loans 3.95
Commercial Real Estate 11.92
Commercial and Industrial Loans 11.29
Farm Loans 6.83

Frequently Asked Questions About Ipava State Bank

Branches and Savings

Is Ipava State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10473.

Why does Ipava 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 Ipava State Bank CD rates not competitive?

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

Is Ipava State Bank a commercial bank?

Yes

Where are Ipava State Bank locations?

See branch locations nearby.

Is Ipava State Bank open on Saturdays?

Is Ipava State Bank open on Sundays?

What time does Ipava State Bank open?

What time does Ipava State Bank close?

Are Ipava State Bank ATMs Open 24/7?

Do Ipava State Bank ATMs accept cash deposits?

Can Ipava State Bank customers use other ATMs?

Do Ipava State Bank branches have notaries?

Will Ipava State Bank notarize my document?

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

Will the Ipava State Bank branch print checks?

Do Ipava State Bank checks expire?

Does Ipava State Bank require US citizenship to open account?

Can Ipava State Bank close my account?

Does Ipava State Bank Report to credit bureaus?

Does Ipava State Bank Use Equifax?

What is Ipava State Bank's ACH Routing Number?

What is Ipava State Bank's SWIFT code?

Products

Does Ipava State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Ipava State Bank offer personal loans?

Compare personal loan rates here.

Does Ipava State Bank offer student loans?

Will Ipava State Bank cash a check?

Will Ipava State Bank redeem a savings bond?

Does Ipava State Bank cash savings bonds?

Will Ipava State Bank cash money orders?

Can Ipava State Bank issue a money order?

Does Ipava State Bank do currency exchange?

Background on The Bank

Who owns Ipava State Bank?

How long has Ipava State Bank been around?

Can Ipava State Bank transfer to other banks?

Does Ipava State Bank have quick pay?

Does Ipava State Bank accept rolled coins?

Will Ipava State Bank accept loose change?

Where is Ipava State Bank headquarters?

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