Bank Plus

1202 Central Avenue
Estherville, IA 51334

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16547
Date Established 1947
Assets $0.13 billion
Loans $0.10 billion
Deposits $0.09 billion
Capital $0.01 billion

Bank Plus is an FDIC insured institution located in Estherville, IA. It was founded in 1947 and has approximately $0.13 billion in assets. Customers can open an account at one of its 4 branches.

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.

Bank Loan Profile?

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

Compared to other banks, Bank Plus’s loan portfolio does not show any specific loan specialty.

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 8.79
Multifamily
Mortgages
0.90
Credit Card Loans 0.00
Consumer Auto Loans 0.73
Small Business Loans 6.11
Construction and Development Loans 1.56
Commercial Real Estate 8.58
Commercial and Industrial Loans 3.08
Farm Loans 32.59

Deposit Rates - October 23, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $2,000 - Learn MoreShow Less
Premium Money Market Account
0.25% $10,000 $74,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.51% $1,000 - Learn MoreShow Less
6 Mo CD
0.81% $1,000 - Learn MoreShow Less

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 - October 23, 2018

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.762% 4.750% 0.13 $340 $1,305 Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
4.542% 4.500% 0.50 $1,250 $1,267 Learn More
HSBC Bank USA N.A.
NMLS ID: 399799
5.077% 5.000% 0.50 $2,318 $1,343 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.490% $283.58 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More

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:
Ashburn,Virginia


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
6.48% 7.92%

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 June 30, 2018, Bank Plus had $786,000 in non-current loans and $158,000 in owned real estate. To cover these potential losses it had $13,539,000 in equity and $1,035,000 in loans loss reserves. That gives it a Texas Ratio of 6.48%.

Return on Equity
Bank Plus U.S. Bank Average
8.16% 9.77%

Bank Plus has a Return on Equity of 8.16% versus the BestCashCow average of 9.77%. 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
10.41% 12.31%

Bank Plus has a Capitalization of 10.41% versus the BestCashCow average of 12.31. 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 June 30, 2018, Bank Plus had assets of $130,017,000, loans of $104,986,000, and deposits of $89,294,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.10 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 $0.12 billion
LIABILITIES
Total deposits $0.09 billion
      Interest-bearing deposits $0.07 billion
      Deposits held in domestic offices $0.09 billion
      % insured (estimated) 83.32%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.12 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

June 30, 2018
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 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?

Customer Reviews for Bank Plus

There are currently no comments for Bank Plus. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →