Bank of Turtle Lake

Maple Street And Arthur Avenue
Turtle Lake, WI 54889

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 12786
Date Established 1900
Assets $0.07 billion
Loans $0.03 billion
Deposits $0.06 billion
Capital $0.01 billion

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.

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.

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 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

Loan Rates

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
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AmeriSave Mortgage Corporation
NMLS ID: 1168
4.564% 4.500% 0.25 $1,878 $1,267 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
License#: MC-2462
4.556% 4.500% 0.13 $1,632 $1,267 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
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Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.990% $238.42 Learn More
Flagstar Bank 5.490% $283.58 Learn More

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

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% 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 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% 8.84%

Bank of Turtle Lake has a Return on Equity of 7.3% 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 Turtle Lake U.S. Bank Average
8.16% 12.21%

Bank of Turtle Lake has a Capitalization of 8.16% 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 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

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 $0.06 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 $0.07 billion

Summary Income Statement

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

Frequently Asked Questions About Bank Of Turtle Lake

Branches and Savings

Is Bank Of Turtle Lake FDIC insured?

Yes. It is covered under FDIC Certificate #12786.

Why does Bank Of Turtle Lake 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 Turtle Lake CD rates not competitive?

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

Is Bank Of Turtle Lake a commercial bank?

Yes

Where are Bank Of Turtle Lake locations?

See branch locations nearby.

Is Bank Of Turtle Lake open on Saturdays?

Is Bank Of Turtle Lake open on Sundays?

What time does Bank Of Turtle Lake open?

What time does Bank Of Turtle Lake close?

Are Bank Of Turtle Lake ATMs Open 24/7?

Do Bank Of Turtle Lake ATMs accept cash deposits?

Can Bank Of Turtle Lake customers use other ATMs?

Do Bank Of Turtle Lake branches have notaries?

Will Bank Of Turtle Lake notarize my document?

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

Will the Bank Of Turtle Lake branch print checks?

Do Bank Of Turtle Lake checks expire?

Does Bank Of Turtle Lake require US citizenship to open account?

Can Bank Of Turtle Lake close my account?

Does Bank Of Turtle Lake Report to credit bureaus?

Does Bank Of Turtle Lake Use Equifax?

What is Bank Of Turtle Lake's ACH Routing Number?

What is Bank Of Turtle Lake's SWIFT code?

Products

Does Bank Of Turtle Lake offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Of Turtle Lake offer personal loans?

Compare personal loan rates here.

Does Bank Of Turtle Lake offer student loans?

Will Bank Of Turtle Lake cash a check?

Will Bank Of Turtle Lake redeem a savings bond?

Does Bank Of Turtle Lake cash savings bonds?

Will Bank Of Turtle Lake cash money orders?

Can Bank Of Turtle Lake issue a money order?

Does Bank Of Turtle Lake do currency exchange?

Background on The Bank

Who owns Bank Of Turtle Lake?

How long has Bank Of Turtle Lake been around?

Can Bank Of Turtle Lake transfer to other banks?

Does Bank Of Turtle Lake have quick pay?

Does Bank Of Turtle Lake accept rolled coins?

Will Bank Of Turtle Lake accept loose change?

Where is Bank Of Turtle Lake headquarters?

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