State Bank of Graymont

Headquarters

204 Main Street
Graymont, IL 61743
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD 0.40% 1.15% →
2-Year CD 0.65% 1.26% →
5-Year CD 1.10% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

State Bank of Graymont is an FDIC insured institution located in Graymont, IL. It was founded in 1913 and has approximately $0.21 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 10434
Date Established 1913
Assets $ 210.78 million
Loans $ 141.24 million
Deposits $ 182.83 million
Capital $ 26.44 million
 

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

Deposit Rates - July 1, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $100 - Learn More
Money Market
0.15% $1 $24,999 Learn More
Money Market
0.25% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $1,000 - Learn More
6 Mo CD
0.30% $1,000 - Learn More
12 Mo CD
0.40% $1,000 - Learn More
18 Mo CD
0.55% $1,000 - Learn More
24 Mo CD
0.65% $1,000 - Learn More
30 Mo CD
0.75% $1,000 - Learn More
36 Mo CD
0.85% $1,000 - Learn More
48 Mo CD
0.95% $1,000 - Learn More
60 Mo CD
1.10% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.75% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 $9,999 Learn MoreShow Less

Loan Rates - July 1, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for State Bank of Graymont

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
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

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

Branches

State Bank of Graymont 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


State Bank of Graymont Locations


Financial Details

State Bank of Graymont Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of State Bank of Graymont. 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
State Bank of Graymont U.S. Bank Average
2.33% 6.51%

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 December 31, 2019, State Bank of Graymont had $589,000 in non-current loans and $56,000 in owned real estate. To cover these potential losses it had $26,435,000 in equity and $1,256,000 in loans loss reserves. That gives it a Texas Ratio of 2.33%.

Return on Equity
State Bank of Graymont U.S. Bank Average
7.51% 9.41%

State Bank of Graymont has a Return on Equity of 7.51% versus the BestCashCow average of 9.41%. 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
State Bank of Graymont U.S. Bank Average
12.54% 12.82%

State Bank of Graymont has a Capitalization of 12.54% versus the BestCashCow average of 12.82. 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.

State Bank of Graymont Balance Sheet Analysis

As of December 31, 2019, State Bank of Graymont had assets of $210,783,000, loans of $141,235,000, and deposits of $182,825,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 15.57 million
Interest-bearing balances $ 11.48 million
Total securities $ 36.99 million
Federal funds sold and reverse repurchase $ 10.20 million
Net loans and leases $ 141.24 million
Loan loss allowance $ 1.26 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.06 million
Goodwill and other intangibles $ 0.67 million
All other assets $ 4.65 million
     Total Assets $ 184.35 million
LIABILITIES
Total deposits $ 182.83 million
      Interest-bearing deposits $ 155.78 million
      Deposits held in domestic offices $ 182.83 million
      % insured (estimated) 86.52%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.52 million
      Total Liabilities $ 184.35 million
      Shareholders’ Equity $ 26.44 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 7.88 million
Total Interest Expense $ 1.70 million
Net interest income $ 6.18 million
Provision for loan and lease losses $ 0.24 million
Total non interest income $ 0.89 million
Total non interest expense $ 4.45 million
Pre-tax Net Operating Income $ 2.39 million

Bank Loan Profile?

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

Compared to other banks in Illinois, State Bank of Graymont 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 12.13
Multifamily
Mortgages
0.33
Credit Card Loans 0.00
Consumer Auto Loans 1.31
Small Business Loans 5.93
Construction and Development Loans 0.22
Commercial Real Estate 16.79
Commercial and Industrial Loans 9.02
Farm Loans 21.19

Frequently Asked Questions About State Bank Of Graymont

Branches and Savings

Is State Bank Of Graymont FDIC insured?

Yes. It is covered under FDIC Certificate #10434.

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

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

Why are State Bank Of Graymont CD rates not competitive?

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

Is State Bank Of Graymont a commercial bank?

Yes

Where are State Bank Of Graymont locations?

See branch locations nearby.

Is State Bank Of Graymont open on Saturdays?

Is State Bank Of Graymont open on Sundays?

What time does State Bank Of Graymont open?

What time does State Bank Of Graymont close?

Are State Bank Of Graymont ATMs Open 24/7?

Do State Bank Of Graymont ATMs accept cash deposits?

Can State Bank Of Graymont customers use other ATMs?

Do State Bank Of Graymont branches have notaries?

Will State Bank Of Graymont notarize my document?

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

Will the State Bank Of Graymont branch print checks?

Do State Bank Of Graymont checks expire?

Does State Bank Of Graymont require US citizenship to open account?

Can State Bank Of Graymont close my account?

Does State Bank Of Graymont Report to credit bureaus?

Does State Bank Of Graymont Use Equifax?

What is State Bank Of Graymont's ACH Routing Number?

What is State Bank Of Graymont's SWIFT code?

Products

Does State Bank Of Graymont offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does State Bank Of Graymont offer personal loans?

Compare personal loan rates here.

Does State Bank Of Graymont offer student loans?

Will State Bank Of Graymont cash a check?

Will State Bank Of Graymont redeem a savings bond?

Does State Bank Of Graymont cash savings bonds?

Will State Bank Of Graymont cash money orders?

Can State Bank Of Graymont issue a money order?

Does State Bank Of Graymont do currency exchange?

Background on The Bank

Who owns State Bank Of Graymont?

How long has State Bank Of Graymont been around?

Can State Bank Of Graymont transfer to other banks?

Does State Bank Of Graymont have quick pay?

Does State Bank Of Graymont accept rolled coins?

Will State Bank Of Graymont accept loose change?

Where is State Bank Of Graymont headquarters?

Customer Reviews for State Bank of Graymont

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

Add Your Review

Rate it here →