Bank of Palmer

104 East Second Street
Palmer, KS 66962

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 13710
Date Established 1887
Assets $0.04 billion
Loans $0.02 billion
Deposits $0.04 billion
Capital $0.00 billion

Bank of Palmer is an FDIC insured institution located in Palmer, KS. It was founded in 1887 and has approximately $0.04 billion in assets. Customers can open an account at one of its 2 branches.

For a more detailed analysis of Bank of Palmer'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 Palmer’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Consumer Auto Loans.

Compared to other banks in Kansas, Bank of Palmer has a significantly higher percent of 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 17.26
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 4.31
Small Business Loans 1.40
Construction and Development Loans 0.33
Commercial Real Estate 1.40
Commercial and Industrial Loans 3.90
Farm Loans 38.13

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.10% $500 - Learn MoreShow Less
6 Mo CD 10K
0.20% $500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.15% $100 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
1.26% $75 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.10% $1,500 $9,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Palmer

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
Rocket Mortgage
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 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 Palmer
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Branches

Bank of Palmer 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 Palmer Locations

Financial Details

Bank of Palmer Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Palmer. 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 Palmer U.S. Bank Average
6.83% 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 Palmer had $324,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $4,307,000 in equity and $435,000 in loans loss reserves. That gives it a Texas Ratio of 6.83%. 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 Palmer U.S. Bank Average
6.34% 8.58

Bank of Palmer has a Return on Equity of 6.34% 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 Palmer U.S. Bank Average
10.28% 12.11

Bank of Palmer has a Capitalization of 10.28% 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 Palmer Balance Sheet Analysis

As of June 30, 2017, Bank of Palmer had assets of $41,881,000, loans of $23,193,000, and deposits of $37,172,000. 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 Palmer

Branches and Savings

Is Bank of Palmer FDIC insured?

Yes. It is covered under FDIC Certificate #13710.

Why does Bank of Palmer 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 Palmer CD rates not competitive?

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

Is Bank of Palmer a commercial bank?

Yes

Where are Bank of Palmer locations?

See branch locations nearby.

Is Bank of Palmer open on Saturdays?

Is Bank of Palmer open on Sundays?

What time does Bank of Palmer open?

What time does Bank of Palmer close?

Are Bank of Palmer ATMs Open 24/7?

Do Bank of Palmer ATMs accept cash deposits?

Can Bank of Palmer customers use other ATMs?

Do Bank of Palmer branches have notaries?

Will Bank of Palmer notarize my document?

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

Will the Bank of Palmer branch print checks?

Do Bank of Palmer checks expire?

Does Bank of Palmer require US citizenship to open account?

Can Bank of Palmer close my account?

Does Bank of Palmer Report to credit bureaus?

Does Bank of Palmer Use Equifax?

What is Bank of Palmer's ACH Routing Number?

What is Bank of Palmer's SWIFT code?

Products

Does Bank of Palmer offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank of Palmer offer personal loans?

Compare personal loan rates here.

Does Bank of Palmer offer student loans?

Will Bank of Palmer cash a check?

Will Bank of Palmer redeem a savings bond?

Does Bank of Palmer cash savings bonds?

Will Bank of Palmer cash money orders?

Can Bank of Palmer issue a money order?

Does Bank of Palmer do currency exchange?

Background on The Bank

Who owns Bank of Palmer?

How long has Bank of Palmer been around?

Can Bank of Palmer transfer to other banks?

Does Bank of Palmer have quick pay?

Does Bank of Palmer accept rolled coins?

Will Bank of Palmer accept loose change?

Where is Bank of Palmer headquarters?

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