Goodfield State Bank, Financial Information

AboutGoodfield State Bank

 Address:
201 South Eureka Street
Goodfield,IL
Woodford County,Illinois
 Established:
Dec 1920
 Number of domestic offices:
4
Total assets$159M
Net income$4M
Net income,quarterly$1M
Total deposits$138M
Domestic deposits$138M
Equity capital$20M
ROA2.99%
ROAQ,quarterly2.79%
ROA,pretax2.79%
ROAQ,quarterly,pretax2.84%
ROE24.01%
ROEQ,quarterly22.33%
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.

Goodfield State Bank was incorporated under the banking laws of the State of Illinois in December of 1920. Opening for business on January 3, 1921, with assets of $123,000, the bank has expanded to over $65 million in assets today.

Throughout its history, Goodfield State Bank has increased it's shareholder base increasing ownership throughout the surrounding communities. The number of shareholders has grown from the original three to over 200 today. In 2003, Goodfield Financial Corporation, a bank holding company was formed and shares of Goodfield State Bank exchanged for Goodfield Financial Corporation shares. Then in 2007, the shareholder's elected to become a Subchapter S corporation.

The bank facilities expanded over the years. The facility located on the corner of Harrison and Fisk Street was improved over time and the bank operated from the location until August 2001, when a new facility on the corner of U.S. Route 150 and State Route 117 was opened. In 2007, Goodfield State Bank opened its first branch in a leased space in Eureka and continues to conduct business at this location.

Locally owned and managed, Goodfield State Bank provides a full range of banking services to meet its customer's needs.

201 South Eureka Street
P.O. Box 105
Goodfield, IL 61742
Phone: 309-965-2221
Fax: 309-965-2482

Eureka Plaza
1805 S. Main Street
Eureka, IL 61530
Phone: 309.467.2747
Fax: 309.467.2647

Metamora Branch
800 W Mt Vernon
Metamora, IL 61548
Phone: 309.367.2345
Fax: 309.367.2931