Bank of McKenney

20701 First Street
Mc Kenney, VA 23872

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 6139
Date Established 1906
Assets $0.23 billion
Loans $0.17 billion
Deposits $0.20 billion
Capital $0.03 billion

Bank of McKenney is an FDIC insured institution located in Mc Kenney, VA. It was founded in 1906 and has approximately $0.23 billion in assets. Customers can open an account at one of its 7 branches.

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

Bank Loan Profile?

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

Compared to other banks in Virginia, Bank of McKenney has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 32.70
Multifamily
Mortgages
1.13
Credit Card Loans 0.00
Consumer Auto Loans 0.13
Small Business Loans 25.37
Construction and Development Loans 2.68
Commercial Real Estate 53.35
Commercial and Industrial Loans 8.64
Farm Loans 0.02

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.15% $500 - Learn MoreShow Less
6 Mo CD 10K
0.20% $500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.40% $1 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.10% $10,000 $24,999 Learn MoreShow Less
MM 25K
0.13% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.10% $400 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of McKenney

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 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
vLoan
NMLS ID: 2229
License#: MC-5591
4.064% 4.000% 0.25 $1,938 $1,194 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bank of McKenney
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Branches

Bank of McKenney 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 McKenney Locations

Financial Details

Bank of McKenney Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of McKenney. 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 McKenney U.S. Bank Average
10.55% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of McKenney had $2,431,000 in non-current loans and $526,000 in owned real estate. To cover these potential losses it had $26,414,000 in equity and $1,612,000 in loans loss reserves. That gives it a Texas Ratio of 10.55%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of McKenney U.S. Bank Average
3.11% 8.58

Bank of McKenney has a Return on Equity of 3.11% versus the BestCashCow average of 8.58. 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 McKenney U.S. Bank Average
11.61% 12.11

Bank of McKenney has a Capitalization of 11.61% versus the BestCashCow average of 12.11. 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 McKenney Balance Sheet Analysis

As of June 30, 2017, Bank of McKenney had assets of $227,456,000, loans of $166,512,000, and deposits of $195,895,000. 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.

Frequently Asked Questions About Bank of McKenney

Branches and Savings

Is Bank of McKenney FDIC insured?

Yes. It is covered under FDIC Certificate #6139.

Why does Bank of McKenney 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 McKenney CD rates not competitive?

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

Is Bank of McKenney a commercial bank?

Yes

Where are Bank of McKenney locations?

See branch locations nearby.

Is Bank of McKenney open on Saturdays?

Is Bank of McKenney open on Sundays?

What time does Bank of McKenney open?

What time does Bank of McKenney close?

Are Bank of McKenney ATMs Open 24/7?

Do Bank of McKenney ATMs accept cash deposits?

Can Bank of McKenney customers use other ATMs?

Do Bank of McKenney branches have notaries?

Will Bank of McKenney notarize my document?

What address for Bank of McKenney should I put for incoming ACH transfers?

Will the Bank of McKenney branch print checks?

Do Bank of McKenney checks expire?

Does Bank of McKenney require US citizenship to open account?

Can Bank of McKenney close my account?

Does Bank of McKenney Report to credit bureaus?

Does Bank of McKenney Use Equifax?

What is Bank of McKenney's ACH Routing Number?

What is Bank of McKenney's SWIFT code?

Products

Does Bank of McKenney offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank of McKenney offer personal loans?

Compare personal loan rates here.

Does Bank of McKenney offer student loans?

Will Bank of McKenney cash a check?

Will Bank of McKenney redeem a savings bond?

Does Bank of McKenney cash savings bonds?

Will Bank of McKenney cash money orders?

Can Bank of McKenney issue a money order?

Does Bank of McKenney do currency exchange?

Background on The Bank

Who owns Bank of McKenney?

How long has Bank of McKenney been around?

Can Bank of McKenney transfer to other banks?

Does Bank of McKenney have quick pay?

Does Bank of McKenney accept rolled coins?

Will Bank of McKenney accept loose change?

Where is Bank of McKenney headquarters?

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