Advanta Bank Corp.

Headquarters

11850 South Election Drive
Draper, UT 84020
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Advanta Bank Corp. is an FDIC insured institution located in Draper, UT. It was founded in 1991 and has approximately $1.53 billion in assets.

The Federal Deposit Insurance Corp. (FDIC) approved the payout of the insured deposits of Advanta Bank Corp., Draper, Utah. The bank was closed March 19, 2010 by the Utah Department of Financial Institutions, which appointed the FDIC as receiver.

FDIC Insured Yes
FDIC Certificate # 33535
Date Established 1991
Assets $ 1,622.93 million
Loans $ 660.84 million
Deposits $ 1,519.47 million
Capital $ 56.45 million
 

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

Deposit Rates - November 23, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - November 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Advanta Bank Corp.

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

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Payment
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First Internet Bank
NMLS ID: 424182
2.560% 2.500% 0.75 $1,978 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.588% 2.500% 1.00 $2,902 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
$0 Learn More
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People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to Advanta Bank Corp.
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Branches

Advanta Bank Corp. 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


Advanta Bank Corp. Locations


Financial Details

Advanta Bank Corp. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Advanta Bank Corp.. 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
Advanta Bank Corp. U.S. Bank Average
48.22% 6.94%

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, 2020, Advanta Bank Corp. had $71,142,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $56,449,000 in equity and $91,079,000 in loans loss reserves. That gives it a Texas Ratio of 48.22%.

Return on Equity
Advanta Bank Corp. U.S. Bank Average
-178.05% 7.80%

Advanta Bank Corp. has a Return on Equity of -178.05% versus the BestCashCow average of 7.80%. 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
Advanta Bank Corp. U.S. Bank Average
3.48% 12.68%

Advanta Bank Corp. has a Capitalization of 3.48% versus the BestCashCow average of 12.68. 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.

Advanta Bank Corp. Balance Sheet Analysis

As of November 30, -0001, Advanta Bank Corp. had assets of $1,525,931,000, loans of $660,839,000, and deposits of $1,519,471,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 660.84 million
Loan loss allowance $ 91.08 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 N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 1,519.47 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 1,622.93 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Advanta Bank Corp.’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Advanta Bank Corp.’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Advanta Bank Corp.

Branches and Savings

Is Advanta Bank Corp. FDIC insured?

Yes. It is covered under FDIC Certificate #33535.

Why does Advanta Bank Corp. pay such low interest on savings accounts?

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

Why are Advanta Bank Corp. CD rates not competitive?

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

Is Advanta Bank Corp. a commercial bank?

Yes

Where are Advanta Bank Corp. locations?

See branch locations nearby.

Is Advanta Bank Corp. open on Saturdays?

Is Advanta Bank Corp. open on Sundays?

What time does Advanta Bank Corp. open?

What time does Advanta Bank Corp. close?

Are Advanta Bank Corp. ATMs Open 24/7?

Do Advanta Bank Corp. ATMs accept cash deposits?

Can Advanta Bank Corp. customers use other ATMs?

Do Advanta Bank Corp. branches have notaries?

Will Advanta Bank Corp. notarize my document?

What address for Advanta Bank Corp. should I put for incoming ACH transfers?

Will the Advanta Bank Corp. branch print checks?

Do Advanta Bank Corp. checks expire?

Does Advanta Bank Corp. require US citizenship to open account?

Can Advanta Bank Corp. close my account?

Does Advanta Bank Corp. Report to credit bureaus?

Does Advanta Bank Corp. Use Equifax?

What is Advanta Bank Corp.'s ACH Routing Number?

What is Advanta Bank Corp.'s SWIFT code?

Products

Does Advanta Bank Corp. offer mortgages?

Compare mortgage rates here.

Does Advanta Bank Corp. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Advanta Bank Corp. offer personal loans?

Compare personal loan rates here.

Does Advanta Bank Corp. offer student loans?

Will Advanta Bank Corp. cash a check?

Will Advanta Bank Corp. redeem a savings bond?

Does Advanta Bank Corp. cash savings bonds?

Will Advanta Bank Corp. cash money orders?

Can Advanta Bank Corp. issue a money order?

Does Advanta Bank Corp. do currency exchange?

Background on The Bank

Who owns Advanta Bank Corp.?

How long has Advanta Bank Corp. been around?

Can Advanta Bank Corp. transfer to other banks?

Does Advanta Bank Corp. have quick pay?

Does Advanta Bank Corp. accept rolled coins?

Will Advanta Bank Corp. accept loose change?

Where is Advanta Bank Corp. headquarters?

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