State Bank of Saunemin

Headquarters

59 North St
Saunemin, IL 61769
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.20% →
1-Year CD 0.40% 1.10% →
2-Year CD 0.75% 1.15% →
5-Year CD 1.00% 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

State Bank of Saunemin is an FDIC insured institution located in Saunemin, IL. It was founded in 1911 and has approximately $0.04 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 12391
Date Established 1911
Assets $ 35.93 million
Loans $ 17.70 million
Deposits $ 31.31 million
Capital $ 4.58 million
 

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

Deposit Rates - August 5, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.60% $25,000 $29,999 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
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $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
0.60% $10,000 $14,999 Learn More
18 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
30 Mo CD
0.75% $10,000 $14,999 Learn More
30 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
0.85% $10,000 $14,999 Learn More
36 Mo CD
0.85% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 5, 2020

Your Current Location: Virginia, VA 20146

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

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
Quicken Loans NMLS #3030
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
Rocket Mortgage
NMLS ID: 3030
3.368% 3.250% 1.00 $3,750 $1,089 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.930% 2.875% 0.75 $1,762 $1,038 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 State Bank of Saunemin
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

State Bank of Saunemin 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


State Bank of Saunemin Locations


Financial Details

State Bank of Saunemin Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of State Bank of Saunemin. 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 Saunemin U.S. Bank Average
0% 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, State Bank of Saunemin had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $4,581,000 in equity and $266,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
State Bank of Saunemin U.S. Bank Average
24.05% 7.80%

State Bank of Saunemin has a Return on Equity of 24.05% 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
State Bank of Saunemin U.S. Bank Average
12.75% 12.68%

State Bank of Saunemin has a Capitalization of 12.75% 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.

State Bank of Saunemin Balance Sheet Analysis

As of March 31, 2020, State Bank of Saunemin had assets of $35,932,000, loans of $17,699,000, and deposits of $31,307,000. 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 $ 7.05 million
Interest-bearing balances $ 4.66 million
Total securities $ 10.60 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 17.70 million
Loan loss allowance $ 0.27 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 $ 0.52 million
     Total Assets $ 31.35 million
LIABILITIES
Total deposits $ 31.31 million
      Interest-bearing deposits $ 25.73 million
      Deposits held in domestic offices $ 31.31 million
      % insured (estimated) 86.30%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.04 million
      Total Liabilities $ 31.35 million
      Shareholders’ Equity $ 4.58 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.33 million
Total Interest Expense $ 0.05 million
Net interest income $ 0.28 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.01 million
Total non interest expense $ 0.20 million
Pre-tax Net Operating Income $ 0.26 million

Bank Loan Profile?

The top three loan types in State Bank of Saunemin’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Illinois, State Bank of Saunemin 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 6.89
Multifamily
Mortgages
0.08
Credit Card Loans 0.00
Consumer Auto Loans 3.79
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 18.28
Commercial and Industrial Loans 21.11
Farm Loans 23.54

Frequently Asked Questions About State Bank Of Saunemin

Branches and Savings

Is State Bank Of Saunemin FDIC insured?

Yes. It is covered under FDIC Certificate #12391.

Why does State Bank Of Saunemin 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 Saunemin CD rates not competitive?

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

Is State Bank Of Saunemin a commercial bank?

Yes

Where are State Bank Of Saunemin locations?

See branch locations nearby.

Is State Bank Of Saunemin open on Saturdays?

Is State Bank Of Saunemin open on Sundays?

What time does State Bank Of Saunemin open?

What time does State Bank Of Saunemin close?

Are State Bank Of Saunemin ATMs Open 24/7?

Do State Bank Of Saunemin ATMs accept cash deposits?

Can State Bank Of Saunemin customers use other ATMs?

Do State Bank Of Saunemin branches have notaries?

Will State Bank Of Saunemin notarize my document?

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

Will the State Bank Of Saunemin branch print checks?

Do State Bank Of Saunemin checks expire?

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

Can State Bank Of Saunemin close my account?

Does State Bank Of Saunemin Report to credit bureaus?

Does State Bank Of Saunemin Use Equifax?

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

What is State Bank Of Saunemin's SWIFT code?

Products

Does State Bank Of Saunemin offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does State Bank Of Saunemin offer personal loans?

Compare personal loan rates here.

Does State Bank Of Saunemin offer student loans?

Will State Bank Of Saunemin cash a check?

Will State Bank Of Saunemin redeem a savings bond?

Does State Bank Of Saunemin cash savings bonds?

Will State Bank Of Saunemin cash money orders?

Can State Bank Of Saunemin issue a money order?

Does State Bank Of Saunemin do currency exchange?

Background on The Bank

Who owns State Bank Of Saunemin?

How long has State Bank Of Saunemin been around?

Can State Bank Of Saunemin transfer to other banks?

Does State Bank Of Saunemin have quick pay?

Does State Bank Of Saunemin accept rolled coins?

Will State Bank Of Saunemin accept loose change?

Where is State Bank Of Saunemin headquarters?

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