Farmers State Bank of Sublette, Financial Information

AboutFarmers State Bank of Sublette

 Address:
303 South Pennsylvania Avenue
Sublette,IL
Lee County,Illinois
 Established:
Jan 1920
 Number of domestic offices:
2
Agriculture bank
Total assets$44M
Net income$0M
Net income,quarterly$0M
Total deposits$38M
Domestic deposits$38M
Equity capital$4M
ROA-0.54%
ROAQ,quarterly0.11%
ROA,pretax0.11%
ROAQ,quarterly,pretax0.11%
ROE-6.03%
ROEQ,quarterly1.17%
UpdatedApr 11, 2013

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.

Banking began in Sublette at the turn of the century with the opening of the Sublette Exchange Bank by the Malach family. The bank operated for twenty years as a private bank and served well the needs of the community.

The depression years created economic hardships throughout the country, Sublette included. This was, no doubt the darkest era in the history of the bank. In March, 1933, the bank moratorium was declared by President Roosevelt. The bank was closed until June of that year.

In the 1970's and 1980's camping became a major industry in the community, with Woodhaven Lakes, the world's largest camping resort being established, just outside the village. To better serve the needs of the camping community a branch bank was established at Woodhaven in 1983.

The bank continued to serve the needs of the area, but by the mid 1980's the bank had again outgrown its facilities, so plans were begun for a new bank building along Route 52 at the southeast edge of the Village. The bank was moved to this new building in the fall of 1986.

The Woodhaven Banking Center moved to the new commercial building built in Woodhaven Lakes in March 2004. The new bank is housed in the building along with the general store, restaurant, laundromat and bait shop. The Farmers State Bank anticipates continued growth in its service to the community. As in the past, the bank will be a leader in community activities. It will always be one of the chief sources of security for the community. Being a community bank, funds deposited in the bank are reinvested in the local community.

Address:
Farmers State Bank of Sublette
303 S Pennsylvania Avenue
P O Box 20
Sublette IL 61367

Phone: 815-849-5242
or toll free at 866-269-1722
Fax: 815-849-5494

Main Bank Hours
Monday - Friday
Lobby 8:00 am - 4:00 pm
Drive-up 8:00 am - 5:00 pm
Saturday
Lobby 9:00 am - 12:00 pm
Drive-up 8:00 am - 12:00 pm