Bank of Modesto

201 East State Street
Modesto, IL 62667

Notable Rates APY Vs.Others
Savings N.A. 2.60% →
1-Year CD N.A. 2.25% →
2-Year CD N.A. 2.50% →
5-Year CD N.A. 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Bank of Modesto is an FDIC insured institution located in Modesto, IL. It was founded in 1891 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 17355
Date Established 1891
Assets $0.05 billion
Loans $0.03 billion
Deposits $0.04 billion
Capital $0.01 billion
 

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

Deposit Rates - November 22, 2019

Your Current Location: Virginia, VA 20146

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

Advertiser Disclosure

Loan Rates - November 22, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Modesto

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 2019

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Payment
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AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.528% 3.500% 0.38 $868 $1,123 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
First Internet Bank
NMLS ID: 424182
3.537% 3.500% 0.50 $1,142 $1,123 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
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Atlantic Union Bank
Atlantic Union Bank
4.750 %
$15,000 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
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Note to Bank of Modesto
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Branches

Bank of Modesto 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 Modesto Locations


Financial Details

Bank of Modesto Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Modesto. 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 Modesto U.S. Bank Average
0.75% 6.77%

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 June 30, 2019, Bank of Modesto had $42,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,614,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 0.75%.

Return on Equity
Bank of Modesto U.S. Bank Average
-3.39% 9.50%

Bank of Modesto has a Return on Equity of -3.39% versus the BestCashCow average of 9.50%. 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 Modesto U.S. Bank Average
11.66% 12.76%

Bank of Modesto has a Capitalization of 11.66% versus the BestCashCow average of 12.76. 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 Modesto Balance Sheet Analysis

As of June 30, 2017, Bank of Modesto had assets of $48,851,000, loans of $28,755,000, and deposits of $42,996,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.03 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.00 billion
LIABILITIES
Total deposits $0.04 billion
      Interest-bearing deposits $0.00 billion
      Deposits held in domestic offices $0.00 billion
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.00 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Bank of Modesto’s loan portfolio are Commercial Real Estate, Farm Loans, and Small Business Loans.

Compared to other banks, Bank of Modesto’s loan portfolio does not show any specific loan specialty.

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 10.60
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 4.59
Small Business Loans 11.84
Construction and Development Loans 0.00
Commercial Real Estate 21.58
Commercial and Industrial Loans 8.75
Farm Loans 12.63

Frequently Asked Questions About Bank Of Modesto

Branches and Savings

Is Bank Of Modesto FDIC insured?

Yes. It is covered under FDIC Certificate #17355.

Why does Bank Of Modesto 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 Modesto CD rates not competitive?

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

Is Bank Of Modesto a commercial bank?

Yes

Where are Bank Of Modesto locations?

See branch locations nearby.

Is Bank Of Modesto open on Saturdays?

Is Bank Of Modesto open on Sundays?

What time does Bank Of Modesto open?

What time does Bank Of Modesto close?

Are Bank Of Modesto ATMs Open 24/7?

Do Bank Of Modesto ATMs accept cash deposits?

Can Bank Of Modesto customers use other ATMs?

Do Bank Of Modesto branches have notaries?

Will Bank Of Modesto notarize my document?

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

Will the Bank Of Modesto branch print checks?

Do Bank Of Modesto checks expire?

Does Bank Of Modesto require US citizenship to open account?

Can Bank Of Modesto close my account?

Does Bank Of Modesto Report to credit bureaus?

Does Bank Of Modesto Use Equifax?

What is Bank Of Modesto's ACH Routing Number?

What is Bank Of Modesto's SWIFT code?

Products

Does Bank Of Modesto offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Of Modesto offer personal loans?

Compare personal loan rates here.

Does Bank Of Modesto offer student loans?

Will Bank Of Modesto cash a check?

Will Bank Of Modesto redeem a savings bond?

Does Bank Of Modesto cash savings bonds?

Will Bank Of Modesto cash money orders?

Can Bank Of Modesto issue a money order?

Does Bank Of Modesto do currency exchange?

Background on The Bank

Who owns Bank Of Modesto?

How long has Bank Of Modesto been around?

Can Bank Of Modesto transfer to other banks?

Does Bank Of Modesto have quick pay?

Does Bank Of Modesto accept rolled coins?

Will Bank Of Modesto accept loose change?

Where is Bank Of Modesto headquarters?

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