Armor Bank

715 N Washington
Forrest City, AR 72335


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 28812
Date Established 1919
Assets $0.09 billion
Loans $0.04 billion
Deposits $0.08 billion
Capital $0.02 billion

Armor Bank is an FDIC insured institution located in Forrest City, AR. It was founded in 1919 and has approximately $0.09 billion in assets. Customers can open an account at one of its 2 branches.

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

Deposit Rates - September 16, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $1 $24,999 Learn MoreShow Less
Money Market
1.00% $25,000 $249,999 Learn MoreShow Less
3 Mo CD
0.25% $1,000 - Learn MoreShow Less
6 Mo CD
0.50% $1,000 - Learn MoreShow Less
12 Mo CD
1.02% $1,000 - Learn MoreShow Less
24 Mo CD
1.10% $1,000 - Learn MoreShow Less
36 Mo CD
1.15% $1,000 - Learn MoreShow Less
48 Mo CD
1.15% $1,000 - Learn MoreShow Less
60 Mo CD
1.15% $1,000 - Learn MoreShow Less

Fixed IRA
1.02% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.20% $500 - Learn MoreShow Less

Loan Rates - September 16, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Armor 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 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
3.751% 3.750% 0.00 $25 $1,158 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to Armor Bank
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Financial Details

Armor Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Armor 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
Armor Bank U.S. Bank Average
6.74% 6.94%

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 March 31, 2019, Armor Bank had $1,120,000 in non-current loans and $132,000 in owned real estate. To cover these potential losses it had $18,199,000 in equity and $383,000 in loans loss reserves. That gives it a Texas Ratio of 6.74%.

Return on Equity
Armor Bank U.S. Bank Average
2.08% 9.47%

Armor Bank has a Return on Equity of 2.08% versus the BestCashCow average of 9.47%. 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.

Armor Bank U.S. Bank Average
19.21% 12.49%

Armor Bank has a Capitalization of 19.21% versus the BestCashCow average of 12.49. 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.

Armor Bank Balance Sheet Analysis

As of March 31, 2019, Armor Bank had assets of $94,758,000, loans of $39,324,000, and deposits of $76,429,000. 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, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.03 billion
Net loans and leases $0.04 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 $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.08 billion
Total deposits $0.08 billion
      Interest-bearing deposits $0.07 billion
      Deposits held in domestic offices $0.08 billion
      % insured (estimated) 63.74%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.08 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

March 31, 2019
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks, Armor Bank’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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 25.65
Credit Card Loans 0.00
Consumer Auto Loans 1.93
Small Business Loans 0.00
Construction and Development Loans 14.26
Commercial Real Estate 32.72
Commercial and Industrial Loans 10.45
Farm Loans 0.32

Frequently Asked Questions About Armor Bank

Branches and Savings

Is Armor Bank FDIC insured?

Yes. It is covered under FDIC Certificate #28812.

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

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

Why are Armor Bank CD rates not competitive?

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

Is Armor Bank a commercial bank?


Where are Armor Bank locations?

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Is Armor Bank open on Saturdays?

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Will the Armor Bank branch print checks?

Do Armor Bank checks expire?

Does Armor Bank require US citizenship to open account?

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What is Armor Bank's ACH Routing Number?

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Does Armor Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Armor Bank offer personal loans?

Compare personal loan rates here.

Does Armor Bank offer student loans?

Will Armor Bank cash a check?

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Background on The Bank

Who owns Armor Bank?

How long has Armor Bank been around?

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Does Armor Bank have quick pay?

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