State Farm Bank, F.S.B. (closed)
State Farm Bank, F.S.B. reported total assets of $717.3 mn at Q4 2020, its last Call Report before it closed. The CET1 capital ratio at State Farm Bank, F.S.B. was 76.34%, and the uninsured share of State Farm Bank, F.S.B. was 50.00%. Source: FDIC Call Reports.
What sets State Farm Bank, F.S.B. apart
Nothing in the latest data sets State Farm Bank, F.S.B. apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is State Farm Bank, F.S.B.?
The balance sheet of State Farm Bank, F.S.B. at : assets $717.3 mn, deposits $500,000, net loans $283.8 mn (loans equal to 56,765.40% of deposits). Since , when State Farm Bank, F.S.B. held $16.8 bn, its assets shrank 95.7%. At , State Farm Bank, F.S.B. employed 698 full-time equivalent staff across 2 offices, about $1.0 mn of assets per employee and $250,000 of deposits per office.
How much funding at State Farm Bank, F.S.B. is uninsured?
At State Farm Bank, F.S.B., uninsured deposits (above the FDIC limit) made up 50.00% of domestic deposits at (+42.79 pp on a year earlier). In dollars, State Farm Bank, F.S.B. estimated $250,000 of uninsured deposits.
Key facts, Q4 2020
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $500,000 | $11.2 bn (Q4 2019) | |
| Net loans and leases | $283.8 mn | $9.8 bn (Q4 2019) | |
| Loan-to-deposit ratio | 56,765.40% | 86.98% (Q4 2019) | |
| Tier 1 leverage ratio | 14.71% | 11.98% (Q4 2019) | |
| Total risk-based capital ratio | 76.34% | 20.68% (Q4 2019) | |
| Net interest margin | 0.00% | 2.99% (Q4 2019) | |
| Return on assets (ROA) | 0.00% | 0.36% (Q4 2019) | |
| Efficiency ratio | 0.00% | 68.74% (Q4 2019) | |
| Noncurrent loans to total loans | 2.88% | 1.12% (Q4 2019) | |
| Net charge-offs to average loans | 0.00% | 1.10% (Q4 2019) |
US rank of State Farm Bank, F.S.B.: 1 = highest unless marked 1 = lowest.
Balance sheet
State Farm Bank, F.S.B.: assets, deposits and loans
- Total assets $717mn
- Deposits $500,000
- Net loans $284mn
Capital and securities
The CET1 ratio of State Farm Bank, F.S.B. stood at 76.34% in , +56.91 pp year on year. Low and high at State Farm Bank, F.S.B. since : 15.54% () to 147.03% (). Equity capital of State Farm Bank, F.S.B. at : $408.2 mn, or 56.9% of total assets. State Farm Bank, F.S.B. also reported a total capital ratio of 76.34% for , and a tier 1 leverage ratio of 14.71%.
State Farm Bank, F.S.B.: capital ratios
- Total capital 76%
- CET1 76%
- Tier 1 leverage 15%
State Farm Bank, F.S.B.: unrealized securities gains and losses
- Available for sale $0
- Held to maturity $0
Profitability and loan quality
For the year to , State Farm Bank, F.S.B. earned a return on equity of 0.00%; return on assets: 0.00%. Net interest margin at State Farm Bank, F.S.B.: 0.00%, -2.99 pp in a year. State Farm Bank, F.S.B. net income: $0, down 100.0% year on year.
At , noncurrent loans were 2.88% of total loans at State Farm Bank, F.S.B.; net charge-offs: 0.00% of average loans. Gross loans and leases at State Farm Bank, F.S.B.: $283.8 mn at , against $9.9 bn at .
State Farm Bank, F.S.B.: profitability
- Return on equity 0.0%
- Net interest margin 0.0%
- Return on assets 0.0%
Peer group of State Farm Bank, F.S.B.
The peer group of State Farm Bank, F.S.B. is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of State Farm Bank, F.S.B. (federal savings bank) and 0 have head offices in Illinois. Against them, State Farm Bank, F.S.B. shows CET1 ratio 76.34% against a peer median of 13.08% and return on equity 0.00% against a peer median of 9.01%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Lawrence Bank | State nonmember bank | TN | $901.3 mn | 12.94% | 4.94% | not reported | |
| ENCORE BANK | State member bank | AR | $836.5 mn | not reported | 6.48% | not reported | |
| Banco do Brasil Americas | State nonmember bank | FL | $732.3 mn | not reported | 5.07% | not reported | |
| State Farm Bank, F.S.B. | Federal savings bank | IL | $717.3 mn | 76.34% | 0.00% | 50.00% | |
| Georgia Banking Company | State nonmember bank | GA | $652.9 mn | 12.28% | 11.54% | not reported | |
| Lead Bank | State nonmember bank | MO | $537.2 mn | 14.71% | 13.19% | not reported | |
| LINKBANK | State nonmember bank | PA | $418.7 mn | 13.22% | 11.57% | not reported | |
. FDIC Call Reports.
Last eight quarters
Two years at State Farm Bank, F.S.B., to : assets $16.4 bn to $717.3 mn, deposits $10.6 bn to $500,000, equity $1.9 bn to $408.2 mn. Staff 1,629 to 698.
| Metric | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $16.4 bn | $16.2 bn | $16.0 bn | $16.4 bn | $16.3 bn | $15.9 bn | $12.3 bn | $717.3 mn |
| Total deposits | $10.6 bn | $10.8 bn | $11.0 bn | $11.2 bn | $11.5 bn | $11.4 bn | $10.1 bn | $500,000 |
| Bank equity capital | $1.9 bn | $1.9 bn | $1.9 bn | $1.9 bn | $1.9 bn | $1.7 bn | $1.7 bn | $408.2 mn |
| CET1 ratio | 17.65% | 18.35% | 19.16% | 19.43% | 20.84% | 21.54% | 147.03% | 76.34% |
| Return on equity (ROE) | 1.02% | 2.54% | 3.51% | 3.08% | -2.56% | 0.00% | 0.00% | 0.00% |
| Uninsured share of domestic deposits | 6.65% | 6.72% | 6.90% | 7.21% | 7.33% | 7.25% | 7.37% | 50.00% |
| Full-time equivalent employees | 1,629 | 1,622 | 1,589 | 1,497 | 1,448 | 1,342 | 892 | 698 |
| Number of offices | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
FDIC Call Reports.
Mergers and acquisitions
Large one-quarter moves at State Farm Bank, F.S.B.
- Total assets at State Farm Bank, F.S.B. changed by -94.2% in the quarter to 2020-12-31, with no FDIC structure event in that quarter.
Questions and identifiers
What were the total assets of State Farm Bank, F.S.B.?
State Farm Bank, F.S.B. reported $717.3 mn at in its Call Report.
Is State Farm Bank, F.S.B. the same as its holding company?
No. This page covers State Farm Bank, F.S.B., FDIC certificate 34617; STATE FARM MUTUAL AUTOMOBILE INS (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is State Farm Bank, F.S.B. profitable?
State Farm Bank, F.S.B. reported net income of $0 for the year to ; annualized return on equity: 0.00%. So yes: State Farm Bank, F.S.B. made a profit over these months.
When is data for State Farm Bank, F.S.B. next updated?
State Farm Bank, F.S.B. no longer files Call Reports; its data ends at .
Where can I check the figures for State Farm Bank, F.S.B.?
In the FDIC BankFind Suite record for certificate 34617, and in the Call Reports of State Farm Bank, F.S.B. (RSSD ID 2590037) at the FFIEC Central Data Repository.