21st Century Bank

699 North Medina Street
Loretto, MN 55357

Notable Rates APY Vs.Others
Savings N.A. 2.20% →
1-Year CD N.A. 2.20% →
2-Year CD N.A. 2.20% →
5-Year CD N.A. 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

21st Century Bank is an FDIC insured institution located in Loretto, MN. It was founded in 1917 and has approximately $0.51 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 9751
Date Established 1917
Assets $0.51 billion
Loans $0.43 billion
Deposits $0.43 billion
Capital $0.06 billion

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.

Deposit Rates - February 21, 2020

Your Current Location: Connecticut, CT 06828

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

Advertiser Disclosure

Loan Rates - February 21, 2020

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
4.668% 4.625% 0.00 $1,250 $1,286 Learn More
NMLS ID: 2890
License#: 13256
3.284% 3.250% 0.38 $1,070 $1,089 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Eastern Bank
Eastern Bank
4.250 %
$25,000 Learn More
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Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
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Note to 21st Century Bank
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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
15.19% 6.70%

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 September 30, 2019, 21st Century Bank had $2,269,000 in non-current loans and $7,565,000 in owned real estate. To cover these potential losses it had $62,419,000 in equity and $2,331,000 in loans loss reserves. That gives it a Texas Ratio of 15.19%.

Return on Equity
21st Century Bank U.S. Bank Average
11.7% 9.72%

21st Century Bank has a Return on Equity of 11.7% versus the BestCashCow average of 9.72%. 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.

21st Century Bank U.S. Bank Average
12.26% 12.89%

21st Century Bank has a Capitalization of 12.26% versus the BestCashCow average of 12.89. 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 September 30, 2019, 21st Century Bank had assets of $509,098,000, loans of $430,111,000, and deposits of $433,796,000. 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

September 30, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.05 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.43 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 $0.45 billion
Total deposits $0.43 billion
      Interest-bearing deposits $0.34 billion
      Deposits held in domestic offices $0.43 billion
      % insured (estimated) 78.70%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.45 billion
      Shareholders’ Equity $0.06 billion

Summary Income Statement

September 30, 2019
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

Bank Loan Profile?

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

Compared to other banks in Minnesota, 21st Century Bank has a significantly higher percent of Multifamily Mortgages, 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 11.42
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 0.00
Construction and Development Loans 4.68
Commercial Real Estate 45.23
Commercial and Industrial Loans 22.08
Farm Loans 0.00

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?


Where are 21st Century Bank locations?

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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?

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Background on The Bank

Who owns 21st Century Bank?

How long has 21st Century Bank been around?

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