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Algonquin State Bank
Algonquin State Bank
RSSD ID 585235 | CERTIFICATE 13080 | ABA NUMBER 71911296 |
2400 Huntington Dr N |
Quarter Ended : |
2024-06-30 |
Algonquin, Illinois, 60102 |
Updated : |
2024-07-29 |
www.algonquinstatebank.com |
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Institution Profile |
Year Opened : |
1902 |
Institution Type : |
Commercial bank |
Entity Type : |
State |
Federal Regulator : |
FDIC |
Member Federal Reserve : |
No |
S-Corp : |
Yes |
Fiduciary Powers : |
Yes |
Powers Exercised : |
No |
Filing Type : |
051 |
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Specialization : |
All Other Under 1 Billion |
Statistical Area (MSA) : |
Chicago, IL |
Number of Offices : |
3 |
Number of Employees : |
24 |
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Financial Fast Facts |
Balance Sheet (USD, in thousands) |
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Income Statement (USD, in thousands, ytd) |
Total Assets | 143,665 |
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Total Interest Income | 3,081 |
Total Liabilities | 132,960 |
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Total NonInterest Income | 150 |
Total Bank Equity Capital | 10,705 |
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Total Interest Expense | 749 |
Total Deposits | 132,718 |
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Total NonInterest Expense | 1,992 |
Net Loans & Leases | 76,591 |
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Net Income | 510 |
Loan Loss Allowance | 560 |
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Net Charge Offs | 0 |
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Regulatory Capital |
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Quarterly Averages (USD, in thousands) |
Community Bank Leverage Ratio | Yes |
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Total loans | 76,882 |
Total assets for the leverage ratio | 145,375 |
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Loans secured by real estate: | 40,192 |
Tier 1 Leverage Ratio | 13.07 |
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Commercial and industrial loans | 2,347 |
Off Balance Sheet Exposures (%) | 5.01 |
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Loans to individuals - Credit Cards | 0 |
Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 34,338 |
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