Fortress Bank, Financial Information

AboutFortress Bank

 Address:
9000 N. Knoxville
Peoria,IL
Hancock County,Illinois
 Established:
Jan 1904
 Number of domestic offices:
10
Total assets$528M
Net income$5M
Net income,quarterly$1M
Total deposits$404M
Domestic deposits$404M
Equity capital$53M
ROA0.89%
ROAQ,quarterly0.65%
ROA,pretax0.65%
ROAQ,quarterly,pretax0.89%
ROE9.01%
ROEQ,quarterly6.76%
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.

The State Bank of Burnside opened for business in 1904 in west-central Illinois with capital of $25,000. The Bank remained open during the Great Depression of the 1930s and prospered. The Directors felt there was a greater opportunity for growth in a larger community. So, on July 4, 1941, the Bank moved to LaHarpe, Illinois and became the State Bank of LaHarpe.

Nearly 50 years later the bank expanded again when it purchased the Carthage and Macomb offices. In July of 2000, First State acquired the Hamilton office, which made the bank the largest financial institution in Hancock County. The Blandinsville office was acquired in late 2003 and shortly thereafter, the bank purchased the Monmouth office.

In the fall of 2008, First State expanded to Peoria markets with a loan production office in Peoria, Illinois staffed by veteran Illinois bankers. The bank plans to open a full service banking center in Peoria in the very near future. Also in 2008, First State merged the State Bank of Colusa into the bank bringing the total banking assets to approximately $230 million.

Bauer Financial Reports, Inc. has awarded First State a Five-Star Superior rating and a designation on their Recommended Bank & Thrift Report. Adhering to sensible, conservative standards has kept First State safe and secure for generations. Lending to businesses and individuals continues to be a hallmark for First State Bank of Illinois - a quality essential to keeping community strong and families secure in their homes.

135 S. Main
Blandinsville, IL 61420
Telephone: 309-652-3122
Fax: 217-659-7772

Drive-Up Hours
Monday - Friday 8:00 - 12:00