The Elizabeth State Bank
Elizabeth, IL · Owner: Terrapin Bcorp Inc
$55.0M
total assets, June 30, 2009
$55.0M
total assets, June 30, 2009
The Elizabeth State Bank was a state nonmember bank in Elizabeth, IL, owned by Terrapin Bcorp Inc. It failed on Jul 2, 2009, and Galena State Bank And Trust took over its deposits. At its last report it held $55.0 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2009
This bank failed
- Failed on
- Jul 2, 2009
- Assets
- $55.0M
- Deposits
- $48.1M
- Estimated cost
- $9.8M
- Deposits went to
- Galena State Bank And Trust, Galena, IL
Total assets
$55.0M
-16.5% in a year · -6.3% in a quarter
Deposits
$48.1M
-12.2% in a year · -4.5% in a quarter
Loans
$42.9M
-6.8% in a year · -4.4% in a quarter
Profit so far
-$3.6M
Jan 1 to Jun 30, 2009
Capital ratio
2.52%
-4.48 pts in a year
Return on assets
-12.40%
-12.23 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 151 Main Street, Elizabeth, IL, 61028
- County
- Jo Daviess
- Holding company
- Terrapin Bcorp Inc
- Established
- Dec 1, 1909
- Failed
- Jul 2, 2009
- Employees
- 15
- Branches
- 2
- Id
- b9262
Quarter by quarter
March 31, 1984 to June 30, 2009
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 The Elizabeth State Bank?
$55.0 million in total assets and $48.1 million in deposits as of June 30, 2009, with assets down 16.5% from a year before. Its loans were $42.9 million.
How many branches does The Elizabeth State Bank have?
2 branches in Illinois as of June 30, 2026.
Is The Elizabeth State Bank profitable?
No: it lost $3.65 million from January 1 to June 30, 2009. Its return on assets was -12.40% a year; about 1% is typical.
Who owns The Elizabeth State Bank?
The Elizabeth State Bank is owned by Terrapin Bcorp Inc, its holding company.
When did The Elizabeth State Bank fail?
Jul 2, 2009. Galena State Bank And Trust of Galena, IL took over its deposits. The estimated cost of the failure was $9.83 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.