Central State Bank, Financial Information

About Central State Bank

 Address:
100 West Main Street
Clayton, IL
Adams County, Illinois
 Established:
May 1928
 Number of domestic offices:
4
Agriculture bank
Total assets$167M
Net income$2M
Net income, quarterly$1M
Total deposits$137M
Domestic deposits$137M
Equity capital$22M
ROA1.5%
ROAQ, quarterly1.24%
ROA, pretax1.24%
ROAQ, quarterly, pretax1.24%
ROE10.4%
ROEQ, quarterly8.99%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Central State Bank was originally chartered as Clayton State Bank in the small village of Clayton, Illinois. Three McCoy Brothers are credited with the founding of Clayton in 1834. Charles, being an ardent admirer of Henry Clay, named this infant town “Clay-ton,” in honor of the great statesman. The Barlett and Wallace State Bank was founded in 1887. W. T. Craig, W. H. Craig, James Wolford and other townspeople organized Clayton State Bank in 1928.

Management was committed to serving the needs of its customers and local lending continued to be emphasized. The bank was expanded and a drive-in window was added. In 1991, a new branch was added in Pleasant Hill, Illinois. The name of the Bank was changed from Clayton State to Central State Bank to better reflect the bank’s expansion. Employees in Clayton chose “Central” from the Central High School in Camp Point.

n 1998, Central State Bank added its third full-service branch when it purchased the former Nations’ Bank at 12th and Jefferson in Quincy. In one year of operation, this location had reached over six million in assets, which were more than the assets of Clayton State Bank when the Kinscherff’s purchased it in 1979.

In 2013, Central State Bank added its 4th full-service branch after completing a merger with Kinderhook State Bank. Located equidistant between Quincy and Pleasant Hill, the Kinderhook location fits perfectly into Central State Bank’s overall model. The Kinderhook merger brought the Bank’s total asset size to $115 million.

Clayton
100 W. Main Street
Clayton, IL 62324
Phone : (217) 894-6596
Fax : (217) 894-6322

Kinderhook
175 W. Quincy St.
Kinderhook, IL 62345
Phone: (217) 432-8309
Fax: (217) 432-5739

Pleasant Hill
701 W. Quincy St.
Pleasant Hill, IL 62366
Phone: (217) 734-2356
Fax: (217) 734-2413

Quincy
900 S. 12th Street
Quincy, IL 62301
Phone: (217) 223-0500
Fax: (217) 221-2226