Bank Plus

Headquarters

1202 Central Avenue
Estherville, IA 51334
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.85% →
1-Year CD 0.86% 0.70% →
2-Year CD 1.01% 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Bank Plus is an FDIC insured institution located in Estherville, IA. It was founded in 1947 and has approximately $0.15 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 16547
Date Established 1947
Assets $ 145.99 million
Loans $ 105.25 million
Deposits $ 118.72 million
Capital $ 15.25 million
 

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

Deposit Rates - September 16, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $1 - Learn More
Money Market
0.20% $1 $9,999 Learn More
Money Market
0.25% $10,000 $74,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.66% $1,000 - Learn More
12 Mo CD
0.86% $1,000 - Learn More
24 Mo CD
1.01% $1,000 - Learn More
36 Mo CD
1.19% $1,000 - Learn More
48 Mo CD
1.27% $1,000 - Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.25% $1 $25,000 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 - Learn MoreShow Less
 

Loan Rates - September 16, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank Plus

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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
PADDIO
NMLS ID: 1907
2.798% 2.750%
-0.38 points
$1,562 fees
$1,021 Learn More
First Internet Bank
NMLS ID: 424182
2.654% 2.625%
0.38 points
$942 fees
$1,005 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Bank Plus
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Bank Plus 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 Plus Locations


Financial Details

Bank Plus Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank Plus. 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 Plus U.S. Bank Average
1.74% 5.29%

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, 2021, Bank Plus had $292,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $15,250,000 in equity and $1,553,000 in loans loss reserves. That gives it a Texas Ratio of 1.74%.

Return on Equity
Bank Plus U.S. Bank Average
16.76% 11.43%

Bank Plus has a Return on Equity of 16.76% versus the BestCashCow average of 11.43%. 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 Plus U.S. Bank Average
10.45% 11.51%

Bank Plus has a Capitalization of 10.45% versus the BestCashCow average of 11.51. 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 Plus Balance Sheet Analysis

As of March 31, 2021, Bank Plus had assets of $145,993,000, loans of $105,247,000, and deposits of $118,721,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 3.12 million
Interest-bearing balances $ 0.12 million
Total securities $ 15.22 million
Federal funds sold and reverse repurchase $ 16.06 million
Net loans and leases $ 105.25 million
Loan loss allowance $ 1.55 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.66 million
All other assets $ 2.34 million
     Total Assets $ 130.74 million
LIABILITIES
Total deposits $ 118.72 million
      Interest-bearing deposits $ 88.00 million
      Deposits held in domestic offices $ 118.72 million
      % insured (estimated) 80.82%
Federal funds purchased and repurchase agreements $ 1.24 million
Trading liabilities N.A.
Other borrowed funds $ 10.00 million
Subordinated debt N.A.
All other liabilities $ 0.79 million
      Total Liabilities $ 130.74 million
      Shareholders’ Equity $ 15.25 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 1.76 million
Total Interest Expense $ 0.17 million
Net interest income $ 1.59 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.03 million
Total non interest expense $ 0.94 million
Pre-tax Net Operating Income $ 0.67 million

Bank Loan Profile?

The top three loan types in Bank Plus’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Iowa, Bank Plus 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 7.41
Multifamily
Mortgages
0.48
Credit Card Loans 0.00
Consumer Auto Loans 0.99
Small Business Loans 0.00
Construction and Development Loans 1.11
Commercial Real Estate 5.58
Commercial and Industrial Loans 8.00
Farm Loans 32.27

Frequently Asked Questions About Bank Plus

Branches and Savings

Is Bank Plus FDIC insured?

Yes. It is covered under FDIC Certificate #16547.

Why does Bank Plus pay such low interest on savings accounts?

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

Why are Bank Plus CD rates not competitive?

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

Is Bank Plus a commercial bank?

Yes

Where are Bank Plus locations?

See branch locations nearby.

Is Bank Plus open on Saturdays?

Is Bank Plus open on Sundays?

What time does Bank Plus open?

What time does Bank Plus close?

Are Bank Plus ATMs Open 24/7?

Do Bank Plus ATMs accept cash deposits?

Can Bank Plus customers use other ATMs?

Do Bank Plus branches have notaries?

Will Bank Plus notarize my document?

What address for Bank Plus should I put for incoming ACH transfers?

Will the Bank Plus branch print checks?

Do Bank Plus checks expire?

Does Bank Plus require US citizenship to open account?

Can Bank Plus close my account?

Does Bank Plus Report to credit bureaus?

Does Bank Plus Use Equifax?

What is Bank Plus's ACH Routing Number?

What is Bank Plus's SWIFT code?

Products

Does Bank Plus offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Plus offer personal loans?

Compare personal loan rates here.

Does Bank Plus offer student loans?

Will Bank Plus cash a check?

Will Bank Plus redeem a savings bond?

Does Bank Plus cash savings bonds?

Will Bank Plus cash money orders?

Can Bank Plus issue a money order?

Does Bank Plus do currency exchange?

Background on The Bank

Who owns Bank Plus?

How long has Bank Plus been around?

Can Bank Plus transfer to other banks?

Does Bank Plus have quick pay?

Does Bank Plus accept rolled coins?

Will Bank Plus accept loose change?

Where is Bank Plus headquarters?

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