21st Century Bank


699 North Medina Street
Loretto, MN 55357
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Notable Rates APY Vs.Others
Savings N.A. 0.65% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

21st Century Bank is an FDIC insured institution located in Loretto, MN. It was founded in 1917 and has approximately $0.63 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 9751
Date Established 1917
Assets $ 628.34 million
Loans $ 527.59 million
Deposits $ 528.55 million
Capital $ 72.00 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 24, 2021

Your Current Location: Virginia, VA 20146


Loan Rates - July 24, 2021

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 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
CashCall Mortgage
NMLS ID: 128231
2.701% 2.625%
1.00 points
$2,500 fees
$1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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BMO Harris Bank
BMO Harris Bank
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4.840 %
$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
5.26% 5.29%

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 March 31, 2021, 21st Century Bank had $740,000 in non-current loans and $3,237,000 in owned real estate. To cover these potential losses it had $72,004,000 in equity and $3,608,000 in loans loss reserves. That gives it a Texas Ratio of 5.26%.

Return on Equity
21st Century Bank U.S. Bank Average
14.7% 11.43%

21st Century Bank has a Return on Equity of 14.7% versus the BestCashCow average of 11.43%. 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
11.46% 11.51%

21st Century Bank has a Capitalization of 11.46% versus the BestCashCow average of 11.51. 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 March 31, 2021, 21st Century Bank had assets of $628,339,000, loans of $527,592,000, and deposits of $528,553,000. 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

March 31, 2021
Cash & Balances due from depository institutions $ 36.72 million
Interest-bearing balances $ 34.91 million
Total securities $ 53.93 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 527.59 million
Loan loss allowance $ 3.61 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.24 million
Goodwill and other intangibles N.A.
All other assets $ 5.47 million
     Total Assets $ 556.34 million
Total deposits $ 528.55 million
      Interest-bearing deposits $ 343.15 million
      Deposits held in domestic offices $ 528.55 million
      % insured (estimated) 61.35%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 25.00 million
Subordinated debt N.A.
All other liabilities $ 2.78 million
      Total Liabilities $ 556.34 million
      Shareholders’ Equity $ 72.00 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 7.43 million
Total Interest Expense $ 0.59 million
Net interest income $ 6.84 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.15 million
Total non interest expense $ 3.33 million
Pre-tax Net Operating Income $ 3.66 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 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 9.82
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 0.00
Construction and Development Loans 3.83
Commercial Real Estate 41.64
Commercial and Industrial Loans 30.88
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?


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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?

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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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