Bank of Turtle Lake

Headquarters

Maple Street And Arthur Avenue
Turtle Lake, WI 54889
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 4.10% →
1-Year CD N.A. 4.71% →
2-Year CD N.A. 4.65% →
5-Year CD N.A. 4.75% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 1.93% →

2022 Overview

General Bank Information

Bank of Turtle Lake is an FDIC insured institution located in Turtle Lake, WI. It was founded in 1900 and has approximately $0.07 billion in assets.

FDIC Insured Yes
FDIC Certificate # 12786
Date Established 1900
Assets $ 65.54 million
Loans $ 31.29 million
Deposits $ 60.10 million
Capital $ 5.35 million
 

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

Deposit Rates - December 9, 2022

Your Current Location: Virginia, VA 20146

 

Loan Rates - December 9, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Turtle Lake

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 2022

Lender APR Rate (%) Monthly
Payment
Learn More
PADDIO
NMLS ID: 1907
6.438% 6.250%
1.00 points
$5,000 fees
$1,540 Learn More
PenFed Credit Union
NMLS ID: 401822
5.944% 5.875%
0.75 points
$1,875 fees
$1,479 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
7.905% 7.750%
1.00 points
$3,750 fees
$1,792 Learn More
Morty, Inc.
NMLS ID: 1429243
5.833% 5.750%
0.88 points
$2,270 fees
$1,459 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 6.490 %
After Intro: 7.500 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
6.240 %
$0 Learn More
More Info

Note to Bank of Turtle Lake
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Branches

Bank of Turtle Lake 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 Turtle Lake Locations



Climate Initiatives

Bank of Turtle Lake is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Bank of Turtle Lake Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Turtle Lake. 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 Turtle Lake U.S. Bank Average
2.83% 4.06%

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 June 30, 2022, Bank of Turtle Lake had $159,000 in non-current loans and $4,000 in owned real estate. To cover these potential losses it had $5,350,000 in equity and $406,000 in loans loss reserves. That gives it a Texas Ratio of 2.83%.

Return on Equity
Bank of Turtle Lake U.S. Bank Average
7.3% 9.98%

Bank of Turtle Lake has a Return on Equity of 7.3% versus the BestCashCow average of 9.98%. 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 Turtle Lake U.S. Bank Average
8.16% 10.23%

Bank of Turtle Lake has a Capitalization of 8.16% versus the BestCashCow average of 10.23. 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 Turtle Lake Balance Sheet Analysis

As of December 31, 2013, Bank of Turtle Lake had assets of $65,541,000, loans of $31,290,000, and deposits of $60,096,000. 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, 2022
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 $ 31.29 million
Loan loss allowance $ 0.41 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.00 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 60.10 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 $ 65.54 million

Summary Income Statement

June 30, 2022
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 Turtle Lake’s loan portfolio are 1-4 Family Residential Loans, Small Business Loans, and Commercial Real Estate.

Compared to other banks in Wisconsin, Bank of Turtle Lake has a significantly higher percent of Credit Card Loans, Consumer Auto Loans, Small Business 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 45.24
Multifamily
Mortgages
0.00
Credit Card Loans 2.14
Consumer Auto Loans 4.22
Small Business Loans 19.96
Construction and Development Loans 0.63
Commercial Real Estate 19.96
Commercial and Industrial Loans 8.63
Farm Loans 5.31

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