Bank of DeSoto, National Association

Headquarters

2011 North Hampton Road
De Soto, TX 75115
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.60% 0.95% →
2-Year CD 0.80% 1.05% →
5-Year CD 0.80% 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bank of DeSoto, National Association is an FDIC insured institution located in De Soto, TX. It was founded in 1986 and has approximately $0.19 billion in assets.

FDIC Insured Yes
FDIC Certificate # 26542
Date Established 1986
Assets $ 192.66 million
Loans $ 114.44 million
Deposits $ 171.72 million
Capital $ 20.70 million
 

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

Deposit Rates - September 28, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.40% $2,500 $2,999 Learn More
Money Market
0.40% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.35% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.60% $10,000 $14,999 Learn More
12 Mo CD
0.60% $100,000 $199,999 Learn More
18 Mo CD
0.75% $10,000 $14,999 Learn More
18 Mo CD
0.75% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
0.80% $10,000 $14,999 Learn More
60 Mo CD
0.80% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 28, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Bank of DeSoto, National Association

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.815% 2.750% 0.88 $2,110 $1,021 Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.823% 2.750% 0.50 $2,358 $1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Bank of DeSoto, National Association
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Branches

Bank of DeSoto, National Association 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:
Seattle,Washington


Bank of DeSoto, National Association Locations


Financial Details

Bank of DeSoto, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of DeSoto, National Association. 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 DeSoto, National Association U.S. Bank Average
2.61% 6.94%

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, 2020, Bank of DeSoto, National Association had $470,000 in non-current loans and $90,000 in owned real estate. To cover these potential losses it had $20,704,000 in equity and $767,000 in loans loss reserves. That gives it a Texas Ratio of 2.61%.

Return on Equity
Bank of DeSoto, National Association U.S. Bank Average
16.85% 7.80%

Bank of DeSoto, National Association has a Return on Equity of 16.85% versus the BestCashCow average of 7.80%. 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 DeSoto, National Association U.S. Bank Average
10.75% 12.68%

Bank of DeSoto, National Association has a Capitalization of 10.75% versus the BestCashCow average of 12.68. 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 DeSoto, National Association Balance Sheet Analysis

As of March 31, 2020, Bank of DeSoto, National Association had assets of $192,655,000, loans of $114,442,000, and deposits of $171,724,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 68.48 million
Interest-bearing balances $ 29.60 million
Total securities $ 2.24 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 114.44 million
Loan loss allowance $ 0.77 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.09 million
Goodwill and other intangibles N.A.
All other assets $ 3.63 million
     Total Assets $ 171.95 million
LIABILITIES
Total deposits $ 171.72 million
      Interest-bearing deposits $ 119.38 million
      Deposits held in domestic offices $ 171.72 million
      % insured (estimated) 78.95%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.23 million
      Total Liabilities $ 171.95 million
      Shareholders’ Equity $ 20.70 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.77 million
Total Interest Expense $ 0.45 million
Net interest income $ 2.32 million
Provision for loan and lease losses $ 0.10 million
Total non interest income $ 0.18 million
Total non interest expense $ 1.54 million
Pre-tax Net Operating Income $ 0.87 million

Bank Loan Profile?

The top three loan types in Bank of DeSoto, National Association’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Consumer Auto Loans.

Compared to other banks in Texas, Bank of DeSoto, National Association has a significantly higher percent of Consumer Auto 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 32.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 17.74
Small Business Loans 0.00
Construction and Development Loans 5.94
Commercial Real Estate 26.42
Commercial and Industrial Loans 13.20
Farm Loans 0.15

Frequently Asked Questions About Bank Of Desoto, National Association

Branches and Savings

Is Bank Of Desoto, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #26542.

Why does Bank Of Desoto, National Association 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 Desoto, National Association CD rates not competitive?

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

Is Bank Of Desoto, National Association a commercial bank?

Yes

Where are Bank Of Desoto, National Association locations?

See branch locations nearby.

Is Bank Of Desoto, National Association open on Saturdays?

Is Bank Of Desoto, National Association open on Sundays?

What time does Bank Of Desoto, National Association open?

What time does Bank Of Desoto, National Association close?

Are Bank Of Desoto, National Association ATMs Open 24/7?

Do Bank Of Desoto, National Association ATMs accept cash deposits?

Can Bank Of Desoto, National Association customers use other ATMs?

Do Bank Of Desoto, National Association branches have notaries?

Will Bank Of Desoto, National Association notarize my document?

What address for Bank Of Desoto, National Association should I put for incoming ACH transfers?

Will the Bank Of Desoto, National Association branch print checks?

Do Bank Of Desoto, National Association checks expire?

Does Bank Of Desoto, National Association require US citizenship to open account?

Can Bank Of Desoto, National Association close my account?

Does Bank Of Desoto, National Association Report to credit bureaus?

Does Bank Of Desoto, National Association Use Equifax?

What is Bank Of Desoto, National Association's ACH Routing Number?

What is Bank Of Desoto, National Association's SWIFT code?

Products

Does Bank Of Desoto, National Association offer mortgages?

Compare mortgage rates here.

Does Bank Of Desoto, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Desoto, National Association offer personal loans?

Compare personal loan rates here.

Does Bank Of Desoto, National Association offer student loans?

Will Bank Of Desoto, National Association cash a check?

Will Bank Of Desoto, National Association redeem a savings bond?

Does Bank Of Desoto, National Association cash savings bonds?

Will Bank Of Desoto, National Association cash money orders?

Can Bank Of Desoto, National Association issue a money order?

Does Bank Of Desoto, National Association do currency exchange?

Background on The Bank

Who owns Bank Of Desoto, National Association?

How long has Bank Of Desoto, National Association been around?

Can Bank Of Desoto, National Association transfer to other banks?

Does Bank Of Desoto, National Association have quick pay?

Does Bank Of Desoto, National Association accept rolled coins?

Will Bank Of Desoto, National Association accept loose change?

Where is Bank Of Desoto, National Association headquarters?

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