BANK 360


101 South Third Street
Beresford, SD 57004
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
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

BANK 360 is an FDIC insured institution located in Beresford, SD. It was founded in 1955 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 30789
Date Established 1955
Assets $ 37.43 million
Loans $ 22.91 million
Deposits $ 34.77 million
Capital $ 2.48 million

For a more detailed analysis of BANK 360's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 3, 2021

Your Current Location: Virginia, VA 20146


Loan Rates - August 3, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BANK 360

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

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2.752% 2.675%
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Featured - Virginia Home Equity Line Of Credit Rates 2021

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After Intro: 4.840 %
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2.240 %
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Note to BANK 360
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Financial Details

BANK 360 Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BANK 360. 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
BANK 360 U.S. Bank Average
52.23% 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, BANK 360 had $1,634,000 in non-current loans and $54,000 in owned real estate. To cover these potential losses it had $2,480,000 in equity and $752,000 in loans loss reserves. That gives it a Texas Ratio of 52.23%.

Return on Equity
BANK 360 U.S. Bank Average
-14.25% 11.43%

BANK 360 has a Return on Equity of -14.25% 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.

BANK 360 U.S. Bank Average
6.63% 11.51%

BANK 360 has a Capitalization of 6.63% 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.

BANK 360 Balance Sheet Analysis

As of December 31, 2012, BANK 360 had assets of $37,425,000, loans of $22,912,000, and deposits of $34,774,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 22.91 million
Loan loss allowance $ 0.75 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.05 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 34.77 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 $ 37.43 million

Summary Income Statement

March 31, 2021
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 BANK 360’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in South Dakota, BANK 360 has a significantly higher percent of 1-4 Family Residential Loans, Consumer Auto Loans, Small Business 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 51.33
Credit Card Loans 0.11
Consumer Auto Loans 9.77
Small Business Loans 12.26
Construction and Development Loans 4.65
Commercial Real Estate 12.26
Commercial and Industrial Loans 13.43
Farm Loans 3.26

Frequently Asked Questions About Bank 360

Branches and Savings

Is Bank 360 FDIC insured?

Yes. It is covered under FDIC Certificate #30789.

Why does Bank 360 pay such low interest on savings accounts?

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

Why are Bank 360 CD rates not competitive?

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

Is Bank 360 a commercial bank?


Where are Bank 360 locations?

See branch locations nearby.

Is Bank 360 open on Saturdays?

Is Bank 360 open on Sundays?

What time does Bank 360 open?

What time does Bank 360 close?

Are Bank 360 ATMs Open 24/7?

Do Bank 360 ATMs accept cash deposits?

Can Bank 360 customers use other ATMs?

Do Bank 360 branches have notaries?

Will Bank 360 notarize my document?

What address for Bank 360 should I put for incoming ACH transfers?

Will the Bank 360 branch print checks?

Do Bank 360 checks expire?

Does Bank 360 require US citizenship to open account?

Can Bank 360 close my account?

Does Bank 360 Report to credit bureaus?

Does Bank 360 Use Equifax?

What is Bank 360's ACH Routing Number?

What is Bank 360's SWIFT code?


Does Bank 360 offer mortgages?

Compare mortgage rates here.

Does Bank 360 offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank 360 offer personal loans?

Compare personal loan rates here.

Does Bank 360 offer student loans?

Will Bank 360 cash a check?

Will Bank 360 redeem a savings bond?

Does Bank 360 cash savings bonds?

Will Bank 360 cash money orders?

Can Bank 360 issue a money order?

Does Bank 360 do currency exchange?

Background on The Bank

Who owns Bank 360?

How long has Bank 360 been around?

Can Bank 360 transfer to other banks?

Does Bank 360 have quick pay?

Does Bank 360 accept rolled coins?

Will Bank 360 accept loose change?

Where is Bank 360 headquarters?

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