This institution is no longer active

Operations ceased on June 30, 1993. CRA examination history below reflects the period it was active.

MAGNA BANK OF MADISON COUNTY

GRANITE CITY, IL · Supervised by FDIC

Est. 1902FDIC #3,797RSSD: FDIC-3797

Part ofMAGNA GROUP INC→ View all charters

Satisfactory

Current rating · Exam: September 1993

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 1.05%

Institution Profile

FDIC BankFind

Address

1960 Edison Avenue, GRANITE CITY, IL

County

Madison County

Established

December 30, 1902

Total Assets

$440M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

September 1, 1993

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 32 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 1993Call Report / FDIC

Total Assets

$440M

Total Deposits

$393M

Net Loans

$228M

Net Income

$1M

ROA

1.05%

ROE

12.08%

Risk-Based Capital

16.49%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

This is the only examination on record for this bank.

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