Scott State Bank, Financial Information

AboutScott State Bank

 Address:
101 West Main Street
Bethany,IL
Moultrie County,Illinois
 Established:
Jan 1887
 Number of domestic offices:
7
Agriculture bank
Total assets$184M
Net income$2M
Net income,quarterly$0M
Total deposits$156M
Domestic deposits$156M
Equity capital$27M
ROA0.92%
ROAQ,quarterly0.82%
ROA,pretax0.82%
ROAQ,quarterly,pretax0.83%
ROE6.24%
ROEQ,quarterly5.54%
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.

Scott State Bank, originally named The Exchange Bank, was established in 1887. In 1904 the bank was incorporated and titled as it remains today, Scott State Bank.

Scott State Bank's Sullivan location opened in June 2000. This full service facility consists of approximately 2,800 square feet with three drive-up lanes, three private loan offices, safety deposit boxes and a conference room that is available to the public for evening and weekend meetings.

The Dalton City location of Scott State Bank was previously known as The Hight State Bank which was founded in 1892 as the Dalton City Bank. On October 3, 1917, an application for permission to organize the Hight State Bank was filed in the office of the Auditor of Public Accounts of the State of Illinois. The application was signed by G.E. Hight, P.J. Vollmer, J.H. Uppendahl, Clarence R. Hight and Guy P. Lewis. The original bank building was destroyed in the fire of September 1936 along with several other buildings located in the same block. The present brick building was erected after the fire and a complete remodeling of the interior was undertaken in 1962. The Hight State Bank was purchased by Scott Bancshares, Inc. on February 28, 1989, from Mt. Zion Bancorp, Inc. and was merged into Scott State Bank on October 1, 1998.

Scott Bancshares, Inc. was formed in 1982 when shareholders of Scott State Bank exchanged their shares for holding company stock. Scott Bancshares, Inc. is the parent of two subsidiary banks, Scott State Bank, and State Bank of Niantic.

Scott State Bank
101 West Main St., P.O. Box 245, Bethany, IL 61914
Phone: (217) 665-3321
Fax:(217) 665-3625

Lobby Hours
Monday - Thursday 8:30 a.m. to 4:30 p.m.
Friday 8:30 a.m. to 5:00 p.m.
Saturday 8:30 a.m. to Noon