Peoples State Bank of Colfax

Headquarters

101 West Main Street
Colfax, IL 61728
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.25% 1.05% →
2-Year CD 0.40% 1.11% →
5-Year CD 0.80% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Peoples State Bank of Colfax is an FDIC insured institution located in Colfax, IL. It was founded in 1892 and has approximately $0.03 billion in assets.

FDIC Insured Yes
FDIC Certificate # 10075
Date Established 1892
Assets $ 34.17 million
Loans $ 20.21 million
Deposits $ 29.72 million
Capital $ 4.28 million
 

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

Deposit Rates - August 9, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
30 Mo CD
0.45% $10,000 $14,999 Learn More
30 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.80% $10,000 $14,999 Learn More
60 Mo CD
0.80% $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 - August 9, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Peoples State Bank of Colfax

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.758% 2.690% 0.88 $2,244 $1,013 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to Peoples State Bank of Colfax
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Branches

Peoples State Bank of Colfax 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:
Ashburn,Virginia


Peoples State Bank of Colfax Locations


Financial Details

Peoples State Bank of Colfax Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Peoples State Bank of Colfax. 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
Peoples State Bank of Colfax U.S. Bank Average
0.43% 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, Peoples State Bank of Colfax had $19,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $4,275,000 in equity and $96,000 in loans loss reserves. That gives it a Texas Ratio of 0.43%.

Return on Equity
Peoples State Bank of Colfax U.S. Bank Average
12.17% 7.80%

Peoples State Bank of Colfax has a Return on Equity of 12.17% 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
Peoples State Bank of Colfax U.S. Bank Average
12.51% 12.68%

Peoples State Bank of Colfax has a Capitalization of 12.51% 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.

Peoples State Bank of Colfax Balance Sheet Analysis

As of March 31, 2020, Peoples State Bank of Colfax had assets of $34,165,000, loans of $20,214,000, and deposits of $29,717,000. 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 $ 9.88 million
Interest-bearing balances $ 8.17 million
Total securities $ 3.54 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 20.21 million
Loan loss allowance $ 0.10 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 $ 0.28 million
     Total Assets $ 29.89 million
LIABILITIES
Total deposits $ 29.72 million
      Interest-bearing deposits $ 25.78 million
      Deposits held in domestic offices $ 29.72 million
      % insured (estimated) 92.39%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.17 million
      Total Liabilities $ 29.89 million
      Shareholders’ Equity $ 4.28 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.37 million
Total Interest Expense $ 0.04 million
Net interest income $ 0.33 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.02 million
Total non interest expense $ 0.17 million
Pre-tax Net Operating Income $ 0.18 million

Bank Loan Profile?

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

Compared to other banks in Illinois, Peoples State Bank of Colfax has a significantly higher percent of 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 31.34
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 8.00
Small Business Loans 0.00
Construction and Development Loans 2.37
Commercial Real Estate 5.07
Commercial and Industrial Loans 14.89
Farm Loans 22.57

Frequently Asked Questions About Peoples State Bank Of Colfax

Branches and Savings

Is Peoples State Bank Of Colfax FDIC insured?

Yes. It is covered under FDIC Certificate #10075.

Why does Peoples State Bank Of Colfax pay such low interest on savings accounts?

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

Why are Peoples State Bank Of Colfax CD rates not competitive?

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

Is Peoples State Bank Of Colfax a commercial bank?

Yes

Where are Peoples State Bank Of Colfax locations?

See branch locations nearby.

Is Peoples State Bank Of Colfax open on Saturdays?

Is Peoples State Bank Of Colfax open on Sundays?

What time does Peoples State Bank Of Colfax open?

What time does Peoples State Bank Of Colfax close?

Are Peoples State Bank Of Colfax ATMs Open 24/7?

Do Peoples State Bank Of Colfax ATMs accept cash deposits?

Can Peoples State Bank Of Colfax customers use other ATMs?

Do Peoples State Bank Of Colfax branches have notaries?

Will Peoples State Bank Of Colfax notarize my document?

What address for Peoples State Bank Of Colfax should I put for incoming ACH transfers?

Will the Peoples State Bank Of Colfax branch print checks?

Do Peoples State Bank Of Colfax checks expire?

Does Peoples State Bank Of Colfax require US citizenship to open account?

Can Peoples State Bank Of Colfax close my account?

Does Peoples State Bank Of Colfax Report to credit bureaus?

Does Peoples State Bank Of Colfax Use Equifax?

What is Peoples State Bank Of Colfax's ACH Routing Number?

What is Peoples State Bank Of Colfax's SWIFT code?

Products

Does Peoples State Bank Of Colfax offer mortgages?

Compare mortgage rates here.

Does Peoples State Bank Of Colfax offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Peoples State Bank Of Colfax offer personal loans?

Compare personal loan rates here.

Does Peoples State Bank Of Colfax offer student loans?

Will Peoples State Bank Of Colfax cash a check?

Will Peoples State Bank Of Colfax redeem a savings bond?

Does Peoples State Bank Of Colfax cash savings bonds?

Will Peoples State Bank Of Colfax cash money orders?

Can Peoples State Bank Of Colfax issue a money order?

Does Peoples State Bank Of Colfax do currency exchange?

Background on The Bank

Who owns Peoples State Bank Of Colfax?

How long has Peoples State Bank Of Colfax been around?

Can Peoples State Bank Of Colfax transfer to other banks?

Does Peoples State Bank Of Colfax have quick pay?

Does Peoples State Bank Of Colfax accept rolled coins?

Will Peoples State Bank Of Colfax accept loose change?

Where is Peoples State Bank Of Colfax headquarters?

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