Reynolds State Bank

Headquarters

227 W Main St
Reynolds, IL 61279
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 0.95% →
1-Year CD 0.85% 1.01% →
2-Year CD N.A. 0.95% →
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

Reynolds State Bank is an FDIC insured institution located in Reynolds, IL. It was founded in 1888 and has approximately $0.1 billion in assets.

FDIC Insured Yes
FDIC Certificate # 10080
Date Established 1888
Assets $ 98.50 million
Loans $ 14.32 million
Deposits $ 79.06 million
Capital $ 19.35 million
 

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

Deposit Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Money Market
0.40% $2,500 $2,999 Learn More
Money Market
0.40% $10,000 $14,999 Learn More
Money Market
0.40% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.85% $10,000 $14,999 Learn More
12 Mo CD
0.85% $100,000 $199,999 Learn More
30 Mo CD
1.25% $10,000 $14,999 Learn More
30 Mo CD
1.25% $100,000 $199,999 Learn More


Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Reynolds 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
2.575% 2.500% 1.00 $2,468 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 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
2.240 %
$0 Learn More
More Info

Note to Reynolds State Bank
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Branches

Reynolds 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


Reynolds State Bank Locations


Financial Details

Reynolds State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Reynolds 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
Reynolds State Bank U.S. Bank Average
1.47% 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, Reynolds State Bank had $289,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $19,349,000 in equity and $278,000 in loans loss reserves. That gives it a Texas Ratio of 1.47%.

Return on Equity
Reynolds State Bank U.S. Bank Average
6.39% 7.80%

Reynolds State Bank has a Return on Equity of 6.39% 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
Reynolds State Bank U.S. Bank Average
19.64% 12.68%

Reynolds State Bank has a Capitalization of 19.64% 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.

Reynolds State Bank Balance Sheet Analysis

As of March 31, 2020, Reynolds State Bank had assets of $98,503,000, loans of $14,322,000, and deposits of $79,055,000. 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 $ 14.92 million
Interest-bearing balances $ 13.47 million
Total securities $ 68.50 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 14.32 million
Loan loss allowance $ 0.28 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 $ 0.71 million
     Total Assets $ 79.15 million
LIABILITIES
Total deposits $ 79.06 million
      Interest-bearing deposits $ 72.89 million
      Deposits held in domestic offices $ 79.06 million
      % insured (estimated) 60.50%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.10 million
      Total Liabilities $ 79.15 million
      Shareholders’ Equity $ 19.35 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.70 million
Total Interest Expense $ 0.22 million
Net interest income $ 0.48 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.00 million
Total non interest expense $ 0.16 million
Pre-tax Net Operating Income $ 0.32 million

Bank Loan Profile?

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

Compared to other banks in Illinois, Reynolds State Bank 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 5.77
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.16
Small Business Loans 0.00
Construction and Development Loans 2.09
Commercial Real Estate 4.18
Commercial and Industrial Loans 5.68
Farm Loans 27.04

Frequently Asked Questions About Reynolds State Bank

Branches and Savings

Is Reynolds State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10080.

Why does Reynolds 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 Reynolds State Bank CD rates not competitive?

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

Is Reynolds State Bank a commercial bank?

Yes

Where are Reynolds State Bank locations?

See branch locations nearby.

Is Reynolds State Bank open on Saturdays?

Is Reynolds State Bank open on Sundays?

What time does Reynolds State Bank open?

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Are Reynolds State Bank ATMs Open 24/7?

Do Reynolds State Bank ATMs accept cash deposits?

Can Reynolds State Bank customers use other ATMs?

Do Reynolds State Bank branches have notaries?

Will Reynolds State Bank notarize my document?

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Will the Reynolds State Bank branch print checks?

Do Reynolds State Bank checks expire?

Does Reynolds State Bank require US citizenship to open account?

Can Reynolds State Bank close my account?

Does Reynolds State Bank Report to credit bureaus?

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What is Reynolds State Bank's ACH Routing Number?

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Products

Does Reynolds State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Reynolds State Bank offer personal loans?

Compare personal loan rates here.

Does Reynolds State Bank offer student loans?

Will Reynolds State Bank cash a check?

Will Reynolds State Bank redeem a savings bond?

Does Reynolds State Bank cash savings bonds?

Will Reynolds State Bank cash money orders?

Can Reynolds State Bank issue a money order?

Does Reynolds State Bank do currency exchange?

Background on The Bank

Who owns Reynolds State Bank?

How long has Reynolds State Bank been around?

Can Reynolds State Bank transfer to other banks?

Does Reynolds State Bank have quick pay?

Does Reynolds State Bank accept rolled coins?

Will Reynolds State Bank accept loose change?

Where is Reynolds State Bank headquarters?

Customer Reviews for Reynolds State Bank


  • July 06, 2016 |

    Just wondering how many locations do you have Worldwide?

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