Safety & Soundness


In recent months, we have all read media reports of problems at certain banks. These problems have often been the result of risky lending at very large institutions.  Apple River State Bank focuses on serving Jo Daviess County and has never engaged in these risky lending practices.


Excellent Rating

Our philosophy is to match customers with the financial products most suited to their particular needs. Adhering to sensible loan underwriting standards has kept the bank safe and secure since we opened for business in 1948.

We are a bank that is headquartered in Jo Daviess County and not some other state. When you deal with Apple River State Bank and First Community Bank of Galena, you have access to our decision-makers and that is something you donít often find in banking today. Our account processing operations are right here in Jo Daviess County, so you will never have to call an 800 number for service. That means our customers always receive personal and responsive assistance.

At June 30, 2008, the bankís capital strength is the highest among the banks chartered in Jo Daviess County. Apple River State Bank also has the greatest number of offices and largest deposit base of any bank located in the county.

Bauer Financial Reports, Inc. has awarded Apple River State Bank a Four-Star Excellent Rating, which is its second highest rating. Four-Star institutions are safe, financially sound, and are generally operating with twice the capital required by regulators. Criteria used to determine Bauer's Star Rating include profitability/loss trend, capital ratio, evaluating the level of delinquent loans and repossessed assets, the market versus book value of the investment portfolio, regulatory supervisory agreements, the community reinvestment rating (CRA), and liquidity.

Thank you for banking at Apple River State Bank and First Community Bank of Galena.