Silex Banking Company, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

On May 2, 1892, the Silex Savings Bank opened on the corner of North 2nd and Main Street. At that time, Silex had a second bank, the Farmers Exchange Bank. In 1934, the Farmers Exchange Bank closed, at which time the Silex Savings Bank purchased its assets. In March of 1934, the bank reorganized and began business as the Silex Banking Company. In April 1960, the Silex Banking Company moved into a new building at its present location. The bank building has since been expanded in 1977 and 1984. 1985 brought about the beginning of internal changes for the bank. After years of manually serving customers, the bank purchased their first in-house computer system.

Through the years, the bank has continually upgraded and added new technology. The Bank is still locally owned and operated in the same responsible manner that began in 1892, and with the addition of Internet Banking, Silex Banking Company aims to offer all of the modern banking conveniences.

Silex Savings Bank
20 S 2nd St
Silex, MO 63377
(573) 384-5221