Bank of Clarkson

101 East Main Street
Clarkson, KY 42726

Notable Rates APY Vs.Others
Savings 0.10% 2.60% →
1-Year CD 1.00% 2.25% →
2-Year CD 1.30% 2.50% →
5-Year CD N.A. 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Bank of Clarkson is an FDIC insured institution located in Clarkson, KY. It was founded in 1904 and has approximately $0.12 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 13167
Date Established 1904
Assets $0.12 billion
Loans $0.08 billion
Deposits $0.10 billion
Capital $0.02 billion
 

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

Deposit Rates - November 20, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $500 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.40% $500 - Learn MoreShow Less
6 Mo CD
0.65% $500 - Learn MoreShow Less
12 Mo CD
1.00% $500 - Learn MoreShow Less
18 Mo CD
1.26% $500 - Learn MoreShow Less
24 Mo CD
1.30% $500 - Learn MoreShow Less
30 Mo CD
1.50% $500 - Learn MoreShow Less
36 Mo CD
1.80% $500 - Learn MoreShow Less
48 Mo CD
2.00% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.15% $50 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 - Learn MoreShow Less

Loan Rates - November 20, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Clarkson

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
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AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.526% 3.500% 0.38 $802 $1,123 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Virginia 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
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Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
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Atlantic Union Bank
Atlantic Union Bank
4.750 %
$15,000 Learn More
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Note to Bank of Clarkson
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Branches

Bank of Clarkson 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


Bank of Clarkson Locations


Financial Details

Bank of Clarkson Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Clarkson. 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
Bank of Clarkson U.S. Bank Average
0.47% 6.77%

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, 2019, Bank of Clarkson had $79,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $16,428,000 in equity and $284,000 in loans loss reserves. That gives it a Texas Ratio of 0.47%.

Return on Equity
Bank of Clarkson U.S. Bank Average
12.53% 9.50%

Bank of Clarkson has a Return on Equity of 12.53% versus the BestCashCow average of 9.50%. 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
Bank of Clarkson U.S. Bank Average
13.61% 12.76%

Bank of Clarkson has a Capitalization of 13.61% versus the BestCashCow average of 12.76. 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 of Clarkson Balance Sheet Analysis

As of June 30, 2019, Bank of Clarkson had assets of $120,713,000, loans of $84,314,000, and deposits of $101,096,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.08 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 $0.10 billion
LIABILITIES
Total deposits $0.10 billion
      Interest-bearing deposits $0.07 billion
      Deposits held in domestic offices $0.10 billion
      % insured (estimated) 90.37%
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 $0.10 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

June 30, 2019
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

Bank Loan Profile?

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

Compared to other banks in Kentucky, Bank of Clarkson has a significantly higher percent of Multifamily Mortgages, Construction and Development 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 39.27
Multifamily
Mortgages
8.30
Credit Card Loans 0.00
Consumer Auto Loans 2.96
Small Business Loans 8.61
Construction and Development Loans 16.21
Commercial Real Estate 18.86
Commercial and Industrial Loans 2.68
Farm Loans 0.92

Frequently Asked Questions About Bank Of Clarkson

Branches and Savings

Is Bank Of Clarkson FDIC insured?

Yes. It is covered under FDIC Certificate #13167.

Why does Bank Of Clarkson pay such low interest on savings accounts?

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

Why are Bank Of Clarkson CD rates not competitive?

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

Is Bank Of Clarkson a commercial bank?

Yes

Where are Bank Of Clarkson locations?

See branch locations nearby.

Is Bank Of Clarkson open on Saturdays?

Is Bank Of Clarkson open on Sundays?

What time does Bank Of Clarkson open?

What time does Bank Of Clarkson close?

Are Bank Of Clarkson ATMs Open 24/7?

Do Bank Of Clarkson ATMs accept cash deposits?

Can Bank Of Clarkson customers use other ATMs?

Do Bank Of Clarkson branches have notaries?

Will Bank Of Clarkson notarize my document?

What address for Bank Of Clarkson should I put for incoming ACH transfers?

Will the Bank Of Clarkson branch print checks?

Do Bank Of Clarkson checks expire?

Does Bank Of Clarkson require US citizenship to open account?

Can Bank Of Clarkson close my account?

Does Bank Of Clarkson Report to credit bureaus?

Does Bank Of Clarkson Use Equifax?

What is Bank Of Clarkson's ACH Routing Number?

What is Bank Of Clarkson's SWIFT code?

Products

Does Bank Of Clarkson offer mortgages?

Compare mortgage rates here.

Does Bank Of Clarkson offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Clarkson offer personal loans?

Compare personal loan rates here.

Does Bank Of Clarkson offer student loans?

Will Bank Of Clarkson cash a check?

Will Bank Of Clarkson redeem a savings bond?

Does Bank Of Clarkson cash savings bonds?

Will Bank Of Clarkson cash money orders?

Can Bank Of Clarkson issue a money order?

Does Bank Of Clarkson do currency exchange?

Background on The Bank

Who owns Bank Of Clarkson?

How long has Bank Of Clarkson been around?

Can Bank Of Clarkson transfer to other banks?

Does Bank Of Clarkson have quick pay?

Does Bank Of Clarkson accept rolled coins?

Will Bank Of Clarkson accept loose change?

Where is Bank Of Clarkson headquarters?

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