Aspire Financial

5195 45th Street South
Fargo, ND 58104

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 3934
Date Established 1905
Assets $0.03 billion
Loans $0.02 billion
Deposits $0.03 billion
Capital $0.00 billion

Aspire Financial is an FDIC insured institution located in Fargo, ND. It was founded in 1905 and has approximately $0.03 billion in assets. Customers can open an account at one of its 2 branches.

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

Bank Loan Profile?

The top three loan types in Aspire Financial’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in North Dakota, Aspire Financial has a significantly higher percent of Credit Card Loans, Small Business Loans, Commercial and Industrial Loans 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 12.32
Multifamily
Mortgages
0.00
Credit Card Loans 0.33
Consumer Auto Loans 0.71
Small Business Loans 25.19
Construction and Development Loans 0.67
Commercial Real Estate 25.19
Commercial and Industrial Loans 28.74
Farm Loans 14.53

Deposit Rates - October 19, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $2,500 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.30% $1,000 - Learn MoreShow Less
0.35% $1,000 $9,999,999 Learn MoreShow Less
6 Mo CD
0.55% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.05% $1,000 - Learn MoreShow Less
Special: 18 Mo FIRA
2.25% $2,500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,500 - Learn MoreShow Less

Loan Rates - October 19, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Aspire Financial

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.769% 4.750% 0.25 $552 $1,305 Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
4.646% 4.625% 0.25 $625 $1,286 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.490% $283.58 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More

Note to Aspire Financial
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Aspire Financial 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:
Ashburn,Virginia


Aspire Financial Locations

Financial Details

Aspire Financial Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Aspire Financial. 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
Aspire Financial U.S. Bank Average
12.11% 7.92%

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 June 30, 2018, Aspire Financial had $474,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $3,669,000 in equity and $244,000 in loans loss reserves. That gives it a Texas Ratio of 12.11%.

Return on Equity
Aspire Financial U.S. Bank Average
6.03% 9.77%

Aspire Financial has a Return on Equity of 6.03% versus the BestCashCow average of 9.77%. 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
Aspire Financial U.S. Bank Average
12.75% 12.31%

Aspire Financial has a Capitalization of 12.75% versus the BestCashCow average of 12.31. 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.

Aspire Financial Balance Sheet Analysis

As of June 30, 2018, Aspire Financial had assets of $28,787,000, loans of $22,232,000, and deposits of $25,077,000. 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

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.02 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 $0.03 billion
LIABILITIES
Total deposits $0.03 billion
      Interest-bearing deposits $0.02 billion
      Deposits held in domestic offices $0.03 billion
      % insured (estimated) 90.36%
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 $0.03 billion
      Shareholders’ Equity $0.00 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
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

Frequently Asked Questions About Aspire Financial

Branches and Savings

Is Aspire Financial FDIC insured?

Yes. It is covered under FDIC Certificate #3934.

Why does Aspire Financial pay such low interest on savings accounts?

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

Why are Aspire Financial CD rates not competitive?

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

Is Aspire Financial a commercial bank?

Yes

Where are Aspire Financial locations?

See branch locations nearby.

Is Aspire Financial open on Saturdays?

Is Aspire Financial open on Sundays?

What time does Aspire Financial open?

What time does Aspire Financial close?

Are Aspire Financial ATMs Open 24/7?

Do Aspire Financial ATMs accept cash deposits?

Can Aspire Financial customers use other ATMs?

Do Aspire Financial branches have notaries?

Will Aspire Financial notarize my document?

What address for Aspire Financial should I put for incoming ACH transfers?

Will the Aspire Financial branch print checks?

Do Aspire Financial checks expire?

Does Aspire Financial require US citizenship to open account?

Can Aspire Financial close my account?

Does Aspire Financial Report to credit bureaus?

Does Aspire Financial Use Equifax?

What is Aspire Financial's ACH Routing Number?

What is Aspire Financial's SWIFT code?

Products

Does Aspire Financial offer mortgages?

Compare mortgage rates here.

Does Aspire Financial offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Aspire Financial offer personal loans?

Compare personal loan rates here.

Does Aspire Financial offer student loans?

Will Aspire Financial cash a check?

Will Aspire Financial redeem a savings bond?

Does Aspire Financial cash savings bonds?

Will Aspire Financial cash money orders?

Can Aspire Financial issue a money order?

Does Aspire Financial do currency exchange?

Background on The Bank

Who owns Aspire Financial?

How long has Aspire Financial been around?

Can Aspire Financial transfer to other banks?

Does Aspire Financial have quick pay?

Does Aspire Financial accept rolled coins?

Will Aspire Financial accept loose change?

Where is Aspire Financial headquarters?

Customer Reviews for Aspire Financial

There are currently no comments for Aspire Financial. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →