Corn Belt Bank and Trust Company
Pittsfield, IL · Owner: Corn Belt Bcorp Inc
$260M
total assets, December 31, 2008
$260M
total assets, December 31, 2008
Corn Belt Bank and Trust Company was a state nonmember bank in Pittsfield, IL, owned by Corn Belt Bcorp Inc. It failed on Feb 13, 2009, and The Carlinville National Bank took over its deposits. At its last report it held $260.2 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2008
This bank failed
- Failed on
- Feb 13, 2009
- Assets
- $260M
- Deposits
- $234M
- Estimated cost
- $80.9M
- Deposits went to
- The Carlinville National Bank, Carlinville, IL
Total assets
$260M
-22.8% in a year · -9.9% in a quarter
Deposits
$234M
-17.9% in a year · -11.0% in a quarter
Loans
$199M
-25.8% in a year · -7.4% in a quarter
Profit so far
-$18.3M
Jan 1 to Dec 31, 2008 · -813.6% in a year
Capital ratio
2.94%
-5.12 pts in a year
Return on assets
-5.90%
-6.67 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 643 West Washington Street, Pittsfield, IL, 62363
- County
- Pike
- Holding company
- Corn Belt Bcorp Inc
- Established
- Oct 25, 1946
- Failed
- Feb 13, 2009
- Employees
- 37
- Branches
- 3 in 2 states
- Id
- b16500
Quarter by quarter
March 31, 1984 to December 31, 2008
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Corn Belt Bank and Trust Company?
$260.2 million in total assets and $233.8 million in deposits as of December 31, 2008, with assets down 22.8% from a year before. Its loans were $199.4 million.
How many branches does Corn Belt Bank and Trust Company have?
3 branches in 2 states as of June 30, 2026.
Is Corn Belt Bank and Trust Company profitable?
No: it lost $18.3 million from January 1 to December 31, 2008. Its return on assets was -5.90% a year; about 1% is typical.
Who owns Corn Belt Bank and Trust Company?
Corn Belt Bank and Trust Company is owned by Corn Belt Bcorp Inc, its holding company.
When did Corn Belt Bank and Trust Company fail?
Feb 13, 2009. The Carlinville National Bank of Carlinville, IL took over its deposits. The estimated cost of the failure was $80.9 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.