Bank of Walnut Grove

Headquarters

101 Chadwick Ave
Walnut Grove, MS 39189
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bank of Walnut Grove is an FDIC insured institution located in Walnut Grove, MS. It was founded in 1923 and has approximately $0.06 billion in assets.

FDIC Insured Yes
FDIC Certificate # 8558
Date Established 1923
Assets $ 58.48 million
Loans $ 22.95 million
Deposits $ 52.52 million
Capital $ 4.66 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of Walnut Grove

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
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NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,120 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.990 %
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More Info

Note to Bank of Walnut Grove
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Branches

Bank of Walnut Grove 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:
Fairfield,Connecticut


Bank of Walnut Grove Locations


Financial Details

Bank of Walnut Grove Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Walnut Grove. 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 Walnut Grove U.S. Bank Average
1.24% 6.94%

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 March 31, 2020, Bank of Walnut Grove had $0 in non-current loans and $65,000 in owned real estate. To cover these potential losses it had $4,661,000 in equity and $560,000 in loans loss reserves. That gives it a Texas Ratio of 1.24%.

Return on Equity
Bank of Walnut Grove U.S. Bank Average
5.82% 7.80%

Bank of Walnut Grove has a Return on Equity of 5.82% versus the BestCashCow average of 7.80%. 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 Walnut Grove U.S. Bank Average
7.97% 12.68%

Bank of Walnut Grove has a Capitalization of 7.97% versus the BestCashCow average of 12.68. 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 Walnut Grove Balance Sheet Analysis

As of September 30, 2017, Bank of Walnut Grove had assets of $57,384,000, loans of $22,947,000, and deposits of $52,515,000. 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

March 31, 2020
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 $ 22.95 million
Loan loss allowance $ 0.56 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.07 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 52.52 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 $ 58.48 million

Summary Income Statement

March 31, 2020
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 Walnut Grove’s loan portfolio are 1-4 Family Residential Loans, Consumer Auto Loans, and Small Business Loans.

Compared to other banks in Mississippi, Bank of Walnut Grove has a significantly higher percent of 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 50.66
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 12.68
Small Business Loans 6.30
Construction and Development Loans 0.00
Commercial Real Estate 6.30
Commercial and Industrial Loans 3.63
Farm Loans 3.56

Frequently Asked Questions About Bank Of Walnut Grove

Branches and Savings

Is Bank Of Walnut Grove FDIC insured?

Yes. It is covered under FDIC Certificate #8558.

Why does Bank Of Walnut Grove 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 Walnut Grove CD rates not competitive?

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

Is Bank Of Walnut Grove a commercial bank?

Yes

Where are Bank Of Walnut Grove locations?

See branch locations nearby.

Is Bank Of Walnut Grove open on Saturdays?

Is Bank Of Walnut Grove open on Sundays?

What time does Bank Of Walnut Grove open?

What time does Bank Of Walnut Grove close?

Are Bank Of Walnut Grove ATMs Open 24/7?

Do Bank Of Walnut Grove ATMs accept cash deposits?

Can Bank Of Walnut Grove customers use other ATMs?

Do Bank Of Walnut Grove branches have notaries?

Will Bank Of Walnut Grove notarize my document?

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

Will the Bank Of Walnut Grove branch print checks?

Do Bank Of Walnut Grove checks expire?

Does Bank Of Walnut Grove require US citizenship to open account?

Can Bank Of Walnut Grove close my account?

Does Bank Of Walnut Grove Report to credit bureaus?

Does Bank Of Walnut Grove Use Equifax?

What is Bank Of Walnut Grove's ACH Routing Number?

What is Bank Of Walnut Grove's SWIFT code?

Products

Does Bank Of Walnut Grove offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Of Walnut Grove offer personal loans?

Compare personal loan rates here.

Does Bank Of Walnut Grove offer student loans?

Will Bank Of Walnut Grove cash a check?

Will Bank Of Walnut Grove redeem a savings bond?

Does Bank Of Walnut Grove cash savings bonds?

Will Bank Of Walnut Grove cash money orders?

Can Bank Of Walnut Grove issue a money order?

Does Bank Of Walnut Grove do currency exchange?

Background on The Bank

Who owns Bank Of Walnut Grove?

How long has Bank Of Walnut Grove been around?

Can Bank Of Walnut Grove transfer to other banks?

Does Bank Of Walnut Grove have quick pay?

Does Bank Of Walnut Grove accept rolled coins?

Will Bank Of Walnut Grove accept loose change?

Where is Bank Of Walnut Grove headquarters?

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