Bank of England

Headquarters

123 South Main Street
England, AR 72046
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.25% →
1-Year CD 1.25% 0.95% →
2-Year CD 1.25% 1.05% →
5-Year CD 1.50% 1.30% →
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 England is an FDIC insured institution located in England, AR. It was founded in 1898 and has approximately $0.52 billion in assets. Customers can open an account at one of its 30 branches.

FDIC Insured Yes
FDIC Certificate # 13303
Date Established 1898
Assets $ 519.48 million
Loans $ 358.95 million
Deposits $ 344.18 million
Capital $ 58.68 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.50% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.50% $10,000 $14,999 Learn More
3 Mo CD
0.75% $100,000 $199,999 Learn More
6 Mo CD
0.75% $10,000 $14,999 Learn More
6 Mo CD
1.25% $100,000 $199,999 Learn More
12 Mo CD
1.00% $10,000 $14,999 Learn More
12 Mo CD
1.25% $100,000 $199,999 Learn More
24 Mo CD
1.25% $10,000 $14,999 Learn More
24 Mo CD
1.25% $100,000 $199,999 Learn More
36 Mo CD
1.25% $10,000 $14,999 Learn More
36 Mo CD
1.25% $100,000 $199,999 Learn More
60 Mo CD
1.50% $10,000 $14,999 Learn More
60 Mo CD
1.50% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 25, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of England

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Bank of England
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Branches

Bank of England 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 England Locations


Financial Details

Bank of England Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of England. 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 England U.S. Bank Average
5.2% 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 England had $1,909,000 in non-current loans and $1,342,000 in owned real estate. To cover these potential losses it had $58,679,000 in equity and $3,860,000 in loans loss reserves. That gives it a Texas Ratio of 5.2%.

Return on Equity
Bank of England U.S. Bank Average
-4.47% 7.80%

Bank of England has a Return on Equity of -4.47% 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 England U.S. Bank Average
11.3% 12.68%

Bank of England has a Capitalization of 11.3% 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 England Balance Sheet Analysis

As of March 31, 2020, Bank of England had assets of $519,481,000, loans of $358,945,000, and deposits of $344,178,000. 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 $ 78.52 million
Interest-bearing balances $ 74.93 million
Total securities $ 43.76 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 358.95 million
Loan loss allowance $ 3.86 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.34 million
Goodwill and other intangibles $ 10.38 million
All other assets $ 19.59 million
     Total Assets $ 460.80 million
LIABILITIES
Total deposits $ 344.18 million
      Interest-bearing deposits $ 266.07 million
      Deposits held in domestic offices $ 344.18 million
      % insured (estimated) 58.12%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 82.56 million
Subordinated debt N.A.
All other liabilities $ 34.07 million
      Total Liabilities $ 460.80 million
      Shareholders’ Equity $ 58.68 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.86 million
Total Interest Expense $ 1.14 million
Net interest income $ 2.72 million
Provision for loan and lease losses $ 0.72 million
Total non interest income $ 40.18 million
Total non interest expense $ 42.94 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Arkansas, Bank of England has a significantly higher percent of 1-4 Family Residential 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 76.84
Multifamily
Mortgages
0.28
Credit Card Loans 0.00
Consumer Auto Loans 0.15
Small Business Loans 0.00
Construction and Development Loans 2.43
Commercial Real Estate 6.98
Commercial and Industrial Loans 5.52
Farm Loans 4.63

Frequently Asked Questions About Bank Of England

Branches and Savings

Is Bank Of England FDIC insured?

Yes. It is covered under FDIC Certificate #13303.

Why does Bank Of England 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 England CD rates not competitive?

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

Is Bank Of England a commercial bank?

Yes

Where are Bank Of England locations?

See branch locations nearby.

Is Bank Of England open on Saturdays?

Is Bank Of England open on Sundays?

What time does Bank Of England open?

What time does Bank Of England close?

Are Bank Of England ATMs Open 24/7?

Do Bank Of England ATMs accept cash deposits?

Can Bank Of England customers use other ATMs?

Do Bank Of England branches have notaries?

Will Bank Of England notarize my document?

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

Will the Bank Of England branch print checks?

Do Bank Of England checks expire?

Does Bank Of England require US citizenship to open account?

Can Bank Of England close my account?

Does Bank Of England Report to credit bureaus?

Does Bank Of England Use Equifax?

What is Bank Of England's ACH Routing Number?

What is Bank Of England's SWIFT code?

Products

Does Bank Of England offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Of England offer personal loans?

Compare personal loan rates here.

Does Bank Of England offer student loans?

Will Bank Of England cash a check?

Will Bank Of England redeem a savings bond?

Does Bank Of England cash savings bonds?

Will Bank Of England cash money orders?

Can Bank Of England issue a money order?

Does Bank Of England do currency exchange?

Background on The Bank

Who owns Bank Of England?

How long has Bank Of England been around?

Can Bank Of England transfer to other banks?

Does Bank Of England have quick pay?

Does Bank Of England accept rolled coins?

Will Bank Of England accept loose change?

Where is Bank Of England headquarters?

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