Bank of Mead

322 South Vine
Mead, NE 68041

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 13611
Date Established 1885
Assets $0.03 billion
Loans $0.02 billion
Deposits $0.03 billion
Capital $0.00 billion

Bank of Mead is an FDIC insured institution located in Mead, NE. It was founded in 1885 and has approximately $0.03 billion in assets. Customers can open an account at one of its 2 branches.

For a more detailed analysis of Bank of Mead'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 Mead’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Commercial and Industrial Loans.

Compared to other banks in Nebraska, Bank of Mead 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 29.20
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 4.46
Small Business Loans 0.00
Construction and Development Loans 0.91
Commercial Real Estate 8.80
Commercial and Industrial Loans 17.69
Farm Loans 22.11

Deposit Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Bank Of Mead, but see these great savings and CD rates:

2.00% APY 12 Month CD from Synchrony Bank

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Mead

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
3.930% 3.875% 0.25 $1,787 $1,176 Learn More
CapWest Home Loans
NMLS ID: 6521
4.284% 4.250% 0.00 $997 $1,230 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.490% $224.24 Learn More
Flagstar Bank 5.240% $275.79 Learn More

Note to Bank of Mead
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Branches

Bank of Mead 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 Mead Locations

Financial Details

Bank of Mead Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Mead. 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 Mead U.S. Bank Average
0% 8.32%

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 September 30, 2017, Bank of Mead had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,959,000 in equity and $331,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Bank of Mead U.S. Bank Average
9.57% 8.84%

Bank of Mead has a Return on Equity of 9.57% versus the BestCashCow average of 8.84%. 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 Mead U.S. Bank Average
10.18% 12.21%

Bank of Mead has a Capitalization of 10.18% versus the BestCashCow average of 12.21. 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 Mead Balance Sheet Analysis

As of September 30, 2017, Bank of Mead had assets of $29,078,000, loans of $16,322,000, and deposits of $26,053,000. 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 Mead

Branches and Savings

Is Bank of Mead FDIC insured?

Yes. It is covered under FDIC Certificate #13611.

Why does Bank of Mead 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 Mead CD rates not competitive?

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

Is Bank of Mead a commercial bank?

Yes

Where are Bank of Mead locations?

See branch locations nearby.

Is Bank of Mead open on Saturdays?

Is Bank of Mead open on Sundays?

What time does Bank of Mead open?

What time does Bank of Mead close?

Are Bank of Mead ATMs Open 24/7?

Do Bank of Mead ATMs accept cash deposits?

Can Bank of Mead customers use other ATMs?

Do Bank of Mead branches have notaries?

Will Bank of Mead notarize my document?

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

Will the Bank of Mead branch print checks?

Do Bank of Mead checks expire?

Does Bank of Mead require US citizenship to open account?

Can Bank of Mead close my account?

Does Bank of Mead Report to credit bureaus?

Does Bank of Mead Use Equifax?

What is Bank of Mead's ACH Routing Number?

What is Bank of Mead's SWIFT code?

Products

Does Bank of Mead offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank of Mead offer personal loans?

Compare personal loan rates here.

Does Bank of Mead offer student loans?

Will Bank of Mead cash a check?

Will Bank of Mead redeem a savings bond?

Does Bank of Mead cash savings bonds?

Will Bank of Mead cash money orders?

Can Bank of Mead issue a money order?

Does Bank of Mead do currency exchange?

Background on The Bank

Who owns Bank of Mead?

How long has Bank of Mead been around?

Can Bank of Mead transfer to other banks?

Does Bank of Mead have quick pay?

Does Bank of Mead accept rolled coins?

Will Bank of Mead accept loose change?

Where is Bank of Mead headquarters?

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