21st Century Bank

699 North Medina Street
Loretto, MN 55357

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9751
Date Established 1917
Assets $0.49 billion
Loans $0.39 billion
Deposits $0.43 billion
Capital $0.06 billion

21st Century Bank is an FDIC insured institution located in Loretto, MN. It was founded in 1917 and has approximately $0.49 billion in assets. Customers can open an account at one of its 7 branches.

For a more detailed analysis of 21st Century Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in 21st Century Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and Commercial and Industrial Loans.

Compared to other banks in Minnesota, 21st Century Bank has a significantly higher percent of Multifamily Mortgages, Small Business Loans, Commercial Real Estate 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 11.99
Multifamily
Mortgages
19.03
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 24.20
Construction and Development Loans 2.46
Commercial Real Estate 46.39
Commercial and Industrial Loans 19.58
Farm Loans 0.00

Deposit Rates - June 26, 2019

Your Current Location: Virginia, VA 20146

There are currently no rates available for 21st Century Bank, but see these great savings and CD rates:

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Loan Rates - June 26, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for 21st Century Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
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4.490 %
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5.500 %
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Branches

21st Century Bank 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:
Ashburn,Virginia


21st Century Bank Locations


Financial Details

21st Century Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of 21st Century Bank. 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
21st Century Bank U.S. Bank Average
24.55% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2018, 21st Century Bank had $2,242,000 in non-current loans and $12,159,000 in owned real estate. To cover these potential losses it had $56,510,000 in equity and $2,152,000 in loans loss reserves. That gives it a Texas Ratio of 24.55%.

Return on Equity
21st Century Bank U.S. Bank Average
6.97% 8.80%

21st Century Bank has a Return on Equity of 6.97% versus the BestCashCow average of 8.80%. 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
21st Century Bank U.S. Bank Average
11.56% 12.29%

21st Century Bank has a Capitalization of 11.56% versus the BestCashCow average of 12.29. 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.

21st Century Bank Balance Sheet Analysis

As of December 31, 2018, 21st Century Bank had assets of $488,971,000, loans of $392,082,000, and deposits of $425,756,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.39 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.43 billion
LIABILITIES
Total deposits $0.43 billion
      Interest-bearing deposits $0.34 billion
      Deposits held in domestic offices $0.43 billion
      % insured (estimated) 77.71%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.43 billion
      Shareholders’ Equity $0.06 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About 21st Century Bank

Branches and Savings

Is 21st Century Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9751.

Why does 21st Century Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are 21st Century Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is 21st Century Bank a commercial bank?

Yes

Where are 21st Century Bank locations?

See branch locations nearby.

Is 21st Century Bank open on Saturdays?

Is 21st Century Bank open on Sundays?

What time does 21st Century Bank open?

What time does 21st Century Bank close?

Are 21st Century Bank ATMs Open 24/7?

Do 21st Century Bank ATMs accept cash deposits?

Can 21st Century Bank customers use other ATMs?

Do 21st Century Bank branches have notaries?

Will 21st Century Bank notarize my document?

What address for 21st Century Bank should I put for incoming ACH transfers?

Will the 21st Century Bank branch print checks?

Do 21st Century Bank checks expire?

Does 21st Century Bank require US citizenship to open account?

Can 21st Century Bank close my account?

Does 21st Century Bank Report to credit bureaus?

Does 21st Century Bank Use Equifax?

What is 21st Century Bank's ACH Routing Number?

What is 21st Century Bank's SWIFT code?

Products

Does 21st Century Bank offer mortgages?

Compare mortgage rates here.

Does 21st Century Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does 21st Century Bank offer personal loans?

Compare personal loan rates here.

Does 21st Century Bank offer student loans?

Will 21st Century Bank cash a check?

Will 21st Century Bank redeem a savings bond?

Does 21st Century Bank cash savings bonds?

Will 21st Century Bank cash money orders?

Can 21st Century Bank issue a money order?

Does 21st Century Bank do currency exchange?

Background on The Bank

Who owns 21st Century Bank?

How long has 21st Century Bank been around?

Can 21st Century Bank transfer to other banks?

Does 21st Century Bank have quick pay?

Does 21st Century Bank accept rolled coins?

Will 21st Century Bank accept loose change?

Where is 21st Century Bank headquarters?

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