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