21st Century Bank

Headquarters

699 North Medina Street
Loretto, MN 55357
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD N.A. 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

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 $0.53 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 9751
Date Established 1917
Assets $ 530.72 million
Loans $ 443.97 million
Deposits $ 443.96 million
Capital $ 63.69 million
 

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 - July 2, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - July 2, 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
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
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PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
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Note to 21st Century Bank
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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:
Fairfield,Connecticut


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
13.22% 6.51%

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, 2019, 21st Century Bank had $1,391,000 in non-current loans and $7,348,000 in owned real estate. To cover these potential losses it had $63,688,000 in equity and $2,431,000 in loans loss reserves. That gives it a Texas Ratio of 13.22%.

Return on Equity
21st Century Bank U.S. Bank Average
10.89% 9.41%

21st Century Bank has a Return on Equity of 10.89% versus the BestCashCow average of 9.41%. 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
12% 12.82%

21st Century Bank has a Capitalization of 12% versus the BestCashCow average of 12.82. 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, 2019, 21st Century Bank had assets of $530,719,000, loans of $443,968,000, and deposits of $443,964,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 8.18 million
Interest-bearing balances $ 6.37 million
Total securities $ 63.99 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 443.97 million
Loan loss allowance $ 2.43 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 7.35 million
Goodwill and other intangibles N.A.
All other assets $ 6.67 million
     Total Assets $ 467.03 million
LIABILITIES
Total deposits $ 443.96 million
      Interest-bearing deposits $ 351.74 million
      Deposits held in domestic offices $ 443.96 million
      % insured (estimated) 78.45%
Federal funds purchased and repurchase agreements $ 11.00 million
Trading liabilities N.A.
Other borrowed funds $ 10.00 million
Subordinated debt N.A.
All other liabilities $ 2.07 million
      Total Liabilities $ 467.03 million
      Shareholders’ Equity $ 63.69 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 22.16 million
Total Interest Expense $ 5.45 million
Net interest income $ 16.71 million
Provision for loan and lease losses $ 0.43 million
Total non interest income $ 4.20 million
Total non interest expense $ 11.34 million
Pre-tax Net Operating Income $ 9.14 million

Bank Loan Profile?

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

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 10.71
Multifamily
Mortgages
16.37
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 22.08
Construction and Development Loans 5.28
Commercial Real Estate 44.12
Commercial and Industrial Loans 23.27
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?

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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