Bank of Maringouin

Headquarters

11070 State Highway 77
Maringouin, LA 70757
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 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 Maringouin is an FDIC insured institution located in Maringouin, LA. It was founded in 1903 and has approximately $0.06 billion in assets.

FDIC Insured Yes
FDIC Certificate # 8145
Date Established 1903
Assets $ 50.24 million
Loans $ 18.70 million
Deposits $ 45.04 million
Capital $ 5.13 million
 

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

Deposit Rates - September 27, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 27, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of Maringouin

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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3.998% 3.875% 1.00 $3,750 $1,176 Learn More
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2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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4.000 %
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Note to Bank of Maringouin
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Branches

Bank of Maringouin 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:
Fairfield,Connecticut


Bank of Maringouin Locations


Financial Details

Bank of Maringouin Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Maringouin. 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 Maringouin U.S. Bank Average
8.15% 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 Maringouin had $419,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,125,000 in equity and $14,000 in loans loss reserves. That gives it a Texas Ratio of 8.15%.

Return on Equity
Bank of Maringouin U.S. Bank Average
-2.7% 7.80%

Bank of Maringouin has a Return on Equity of -2.7% 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 Maringouin U.S. Bank Average
10.2% 12.68%

Bank of Maringouin has a Capitalization of 10.2% 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 Maringouin Balance Sheet Analysis

As of September 30, 2014, Bank of Maringouin had assets of $56,527,000, loans of $18,697,000, and deposits of $45,036,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 18.70 million
Loan loss allowance $ 0.01 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 45.04 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 $ 50.24 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
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 of Maringouin’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Louisiana, Bank of Maringouin has a significantly higher percent of Small Business Loans, Farm 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 33.51
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 7.74
Small Business Loans 21.94
Construction and Development Loans 3.80
Commercial Real Estate 21.96
Commercial and Industrial Loans 16.93
Farm Loans 9.79

Frequently Asked Questions About Bank Of Maringouin

Branches and Savings

Is Bank Of Maringouin FDIC insured?

Yes. It is covered under FDIC Certificate #8145.

Why does Bank Of Maringouin 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 Maringouin CD rates not competitive?

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

Is Bank Of Maringouin a commercial bank?

Yes

Where are Bank Of Maringouin locations?

See branch locations nearby.

Is Bank Of Maringouin open on Saturdays?

Is Bank Of Maringouin open on Sundays?

What time does Bank Of Maringouin open?

What time does Bank Of Maringouin close?

Are Bank Of Maringouin ATMs Open 24/7?

Do Bank Of Maringouin ATMs accept cash deposits?

Can Bank Of Maringouin customers use other ATMs?

Do Bank Of Maringouin branches have notaries?

Will Bank Of Maringouin notarize my document?

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

Will the Bank Of Maringouin branch print checks?

Do Bank Of Maringouin checks expire?

Does Bank Of Maringouin require US citizenship to open account?

Can Bank Of Maringouin close my account?

Does Bank Of Maringouin Report to credit bureaus?

Does Bank Of Maringouin Use Equifax?

What is Bank Of Maringouin's ACH Routing Number?

What is Bank Of Maringouin's SWIFT code?

Products

Does Bank Of Maringouin offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Of Maringouin offer personal loans?

Compare personal loan rates here.

Does Bank Of Maringouin offer student loans?

Will Bank Of Maringouin cash a check?

Will Bank Of Maringouin redeem a savings bond?

Does Bank Of Maringouin cash savings bonds?

Will Bank Of Maringouin cash money orders?

Can Bank Of Maringouin issue a money order?

Does Bank Of Maringouin do currency exchange?

Background on The Bank

Who owns Bank Of Maringouin?

How long has Bank Of Maringouin been around?

Can Bank Of Maringouin transfer to other banks?

Does Bank Of Maringouin have quick pay?

Does Bank Of Maringouin accept rolled coins?

Will Bank Of Maringouin accept loose change?

Where is Bank Of Maringouin headquarters?

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