2024 Overview
General Bank Information
InsBank is an FDIC insured institution located in Nashville, TN. It was founded in 2000 and has approximately $0.83 billion in assets.
| FDIC Insured | Yes |
| FDIC Certificate | # 35521 |
| Date Established | 2000 |
| Assets | $ 833.71 million |
| Loans | $ 671.99 million |
| Deposits | $ 686.20 million |
| Capital | $ 93.24 million |
For a more detailed analysis of InsBank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
|
Money Market
|
2.38% | $50,000 | $249,999 |
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|
|
Money Market
|
2.53% | $250,000 | - |
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|
| CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 3-Month CD
|
2.27% | $50,000 | - |
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|
| 6 Mo CD
|
2.52% | $50,000 | - |
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|
| 1-Year CD
|
5.38% | $50,000 | - |
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|
| 14 Months CD
|
5.25% | $50,000 | - |
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|
| 18-Month CD
|
4.75% | $50,000 | - |
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|
| 22 Months CD
|
4.80% | $50,000 | - |
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|
| 2-Year CD
|
3.20% | $50,000 | - |
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|
| 3-Year CD
|
3.30% | $50,000 | - |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| INTCK
|
0.05% | $2,500 | $3,499 | Learn More |
Online Only CD Rates of Finworth
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 2 Month CD
|
2.27% | $50,000 | - |
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|
| 6 Month CD
|
2.52% | $50,000 | - |
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|
| 12 Month CD
|
5.38% | $50,000 | - |
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|
| 14 Month CD
|
5.25% | $50,000 | - |
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|
| 18 Month CD
|
4.75% | $50,000 | - |
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|
| 22 Month CD
|
4.80% | $50,000 | - |
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|
| 24 Month CD
|
3.20% | $50,000 | - |
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|
| 36 Month CD
|
3.30% | $50,000 | - |
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|
Bank Online Offers
Loan Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for InsBank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 401822 |
6.806% |
6.625% 0.88 points $6,000 fees |
$2,049 | Learn More |
NMLS ID: 447490 |
6.817% |
6.750% 0.63 points $2,189 fees |
$2,076 | Learn More |
NMLS ID: 2059741 |
6.894% |
6.750% 0.88 points $4,746 fees |
$2,076 | Learn More |
NMLS ID: 3030 |
7.463% |
7.375% 0.88 points $2,800 fees |
$2,211 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to InsBank
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Branches
InsBank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
InsBank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
InsBank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of InsBank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| InsBank | U.S. Bank Average |
|---|---|
| 1.07% | 3.96% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of December 31, 2024, InsBank had $1,095,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $93,236,000 in equity and $9,565,000 in loans loss reserves. That gives it a Texas Ratio of 1.07%.
Return on Equity
| InsBank | U.S. Bank Average |
|---|---|
| 11.06% | 12.20% |
InsBank has a Return on Equity of 11.06% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| InsBank | U.S. Bank Average |
|---|---|
| 11.18% | 10.76% |
InsBank has a Capitalization of 11.18% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
InsBank Balance Sheet Analysis
As of December 31, 2023, InsBank had assets of $833,707,000, loans of $671,993,000, and deposits of $686,202,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 57.45 million |
| Interest-bearing balances | $ 49.76 million |
| Total securities | $ 58.16 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 671.99 million |
| Loan loss allowance | $ 9.57 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | N.A. |
| All other assets | $ 32.52 million |
| Total Assets | $ 740.47 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 686.20 million |
| Interest-bearing deposits | $ 615.78 million |
| Deposits held in domestic offices | $ 686.20 million |
| % insured (estimated) | 69.36% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 58.01 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 2.70 million |
| Total Liabilities | $ 740.47 million |
| Shareholders’ Equity | $ 93.24 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 46.86 million |
| Total Interest Expense | $ 21.43 million |
| Net interest income | $ 25.43 million |
| Provision for loan and lease losses | $ 0.32 million |
| Total non interest income | $ 1.30 million |
| Total non interest expense | $ 13.74 million |
| Pre-tax Net Operating Income | $ 7.84 million |
Bank Loan Profile?
The top three loan types in InsBank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.
Compared to other banks in Tennessee, InsBank has a significantly higher percent of Multifamily Mortgages, Commercial Real Estate, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 8.82 | ✓ | ||
| Multifamily Mortgages |
4.45 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.02 | ✓ | ||
| Small Business Loans | 4.07 | ✓ | ||
| Construction and Development Loans | 8.66 | ✓ | ||
| Commercial Real Estate | 41.24 | ✓ | ||
| Commercial and Industrial Loans | 22.55 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Customer Reviews for InsBank (7)
judy
July 7, 2022
Insbank 1 yr is 1.5 % 18month is 1.6% 7-7-2022
Is this review helpful? Yes:0 / No: 0
Larry
April 29, 2021 |
You will not collect any interest and lose a good chunk of the principal. They don't take all of it you will still recover some money. The early withdrawl clause is always part of the terms you acknowledged when opening your CD. Early withdrawl fees are another way the bank makes money so they are adamant in collecting it.
Is this review helpful? Yes:0 / No: 0
Maricica S.
April 23, 2021 |
I got a decent .70% on an an 18 month $22000 CD. The rates have been dropping fast. I learned just a few weeks ago the CD APYs will be right around 0 until 2024. The analyst I quote says these rates may never climb.
It was quick and easy to take out a CD with this outfit. I did an ACH transfer which went smoothly. I confirmed telephonically with the office and the agent was very helpful and very professional.
Is this review helpful? Yes:0 / No: 0
JayC
January 5, 2021 | | Replies 1
i went to open an account. I discovered the bank is based in Tennessee. TNs two senators are voting to decertify the election. I will not open an account here and neither should you. I wish the bank weren't listed here. We're in payback time now.
Is this review helpful? Yes:4 / No: 1
| Apr 24, 2024
Congratulations, you brought us this crap economy with your woke vote. There is not a pill you can take or a class you can go to.....stupid is forever.
Dan Grimm
December 26, 2020 | | Replies 1
I found the bank on this site, but I also saw a 30-month CD at 1.15% on their site and that interested me too. I am trying to figure out what the penalty is for early cancellation of the CD if I need my money back. I called and spoke with a nice lady on Christmas eve. She didn't know and noone called back. Does anyone know?
Is this review helpful? Yes:0 / No: 0
Bill S. | Apr 24, 2024
I have a CD from Insbank and penalties for early withdrawal on CDs are given in the Truth In Savings document. The penalty for withdrawal on a 30 month CD is 12 months interest.
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