Anchor Bank


4500 Pga Blvd
Palm Beach Gardens, FL 33418
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.35% 0.70% →
2-Year CD 0.35% 0.75% →
5-Year CD 0.35% 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

Anchor Bank is an FDIC insured institution located in Palm Beach Gardens, FL. It was founded in 2005 and has approximately $0.17 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 57931
Date Established 2005
Assets $ 169.58 million
Loans $ 130.10 million
Deposits $ 131.01 million
Capital $ 13.82 million

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

Deposit Rates - September 18, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.10% $2,500 - Learn More
12 Mo CD
0.35% $10,000 - Learn More
24 Mo CD
0.35% $10,000 - Learn More
60 Mo CD
0.35% $10,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 - Learn MoreShow Less
Checking Rates APY MIN FEE
KASASA CASH 2.50% $0 $0.00 Learn MoreShow Less

Loan Rates - September 18, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Anchor 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 2021

Lender APR Rate (%) Monthly
Learn More
CIT Bank
NMLS ID: 541760
2.824% 2.750%
1.00 points
$2,410 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
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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Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
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Note to Anchor Bank
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Anchor Bank Locations

Financial Details

Anchor Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Anchor Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Anchor Bank U.S. Bank Average
1.37% 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, Anchor Bank had $203,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $13,819,000 in equity and $972,000 in loans loss reserves. That gives it a Texas Ratio of 1.37%.

Return on Equity
Anchor Bank U.S. Bank Average
-0.77% 11.43%

Anchor Bank has a Return on Equity of -0.77% 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.

Anchor Bank U.S. Bank Average
8.15% 11.51%

Anchor Bank has a Capitalization of 8.15% 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.

Anchor Bank Balance Sheet Analysis

As of March 31, 2021, Anchor Bank had assets of $169,584,000, loans of $130,102,000, and deposits of $131,006,000. 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 $ 14.73 million
Interest-bearing balances $ 11.30 million
Total securities $ 15.75 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 130.10 million
Loan loss allowance $ 0.97 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 $ 5.03 million
     Total Assets $ 155.77 million
Total deposits $ 131.01 million
      Interest-bearing deposits $ 83.27 million
      Deposits held in domestic offices $ 131.01 million
      % insured (estimated) 73.56%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 24.59 million
Subordinated debt N.A.
All other liabilities $ 0.17 million
      Total Liabilities $ 155.77 million
      Shareholders’ Equity $ 13.82 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 1.51 million
Total Interest Expense $ 0.17 million
Net interest income $ 1.35 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.06 million
Total non interest expense $ 1.45 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Anchor Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Florida, Anchor Bank has a significantly higher percent of Multifamily Mortgages 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 16.24
Credit Card Loans 0.00
Consumer Auto Loans 0.07
Small Business Loans 0.00
Construction and Development Loans 5.92
Commercial Real Estate 48.89
Commercial and Industrial Loans 19.22
Farm Loans 0.00

Frequently Asked Questions About Anchor Bank

Branches and Savings

Is Anchor Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57931.

Why does Anchor Bank pay such low interest on savings accounts?

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

Why are Anchor Bank CD rates not competitive?

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

Is Anchor Bank a commercial bank?


Where are Anchor Bank locations?

See branch locations nearby.

Is Anchor Bank open on Saturdays?

Is Anchor Bank open on Sundays?

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Are Anchor Bank ATMs Open 24/7?

Do Anchor Bank ATMs accept cash deposits?

Can Anchor Bank customers use other ATMs?

Do Anchor Bank branches have notaries?

Will Anchor Bank notarize my document?

What address for Anchor Bank should I put for incoming ACH transfers?

Will the Anchor Bank branch print checks?

Do Anchor Bank checks expire?

Does Anchor Bank require US citizenship to open account?

Can Anchor Bank close my account?

Does Anchor Bank Report to credit bureaus?

Does Anchor Bank Use Equifax?

What is Anchor Bank's ACH Routing Number?

What is Anchor Bank's SWIFT code?


Does Anchor Bank offer mortgages?

Compare mortgage rates here.

Does Anchor Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Anchor Bank offer personal loans?

Compare personal loan rates here.

Does Anchor Bank offer student loans?

Will Anchor Bank cash a check?

Will Anchor Bank redeem a savings bond?

Does Anchor Bank cash savings bonds?

Will Anchor Bank cash money orders?

Can Anchor Bank issue a money order?

Does Anchor Bank do currency exchange?

Background on The Bank

Who owns Anchor Bank?

How long has Anchor Bank been around?

Can Anchor Bank transfer to other banks?

Does Anchor Bank have quick pay?

Does Anchor Bank accept rolled coins?

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Where is Anchor Bank headquarters?

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