BankFirst

100 North 13th Street
Norfolk, NE 68701

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 20130
Date Established 1970
Assets $0.47 billion
Loans $0.35 billion
Deposits $0.31 billion
Capital $0.06 billion

BankFirst is an FDIC insured institution located in Norfolk, NE. It was founded in 1970 and has approximately $0.47 billion in assets. Customers can open an account at one of its 9 branches.

For a more detailed analysis of BankFirst'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 BankFirst’s loan portfolio are Farm Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Nebraska, BankFirst has a significantly higher percent of Construction and Development 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 8.21
Multifamily
Mortgages
0.19
Credit Card Loans 0.00
Consumer Auto Loans 0.22
Small Business Loans 5.66
Construction and Development Loans 20.23
Commercial Real Estate 14.14
Commercial and Industrial Loans 12.04
Farm Loans 25.82

Deposit Rates - October 23, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1 $9,999 Learn MoreShow Less
Money Market
1.32% $10,000 $24,999 Learn MoreShow Less
Money Market
1.62% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.71% $10,000 $24,999 Learn MoreShow Less
3 Mo CD
1.22% $25,000 - Learn MoreShow Less
6 Mo CD
1.19% $10,000 $24,999 Learn MoreShow Less
6 Mo CD
1.82% $25,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.30% $2,500 $9,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.05% $100 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
2.52% $1 $25,000 Learn MoreShow Less

Loan Rates - October 23, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BankFirst

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
HSBC Bank USA N.A.
NMLS ID: 399799
5.077% 5.000% 0.50 $2,318 $1,343 Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
4.542% 4.500% 0.50 $1,250 $1,267 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 BankFirst
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

BankFirst 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


BankFirst Locations

Financial Details

BankFirst Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BankFirst. 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
BankFirst U.S. Bank Average
1.4% 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, BankFirst had $973,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $64,722,000 in equity and $4,851,000 in loans loss reserves. That gives it a Texas Ratio of 1.4%.

Return on Equity
BankFirst U.S. Bank Average
12.09% 9.77%

BankFirst has a Return on Equity of 12.09% 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
BankFirst U.S. Bank Average
13.85% 12.31%

BankFirst has a Capitalization of 13.85% 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.

BankFirst Balance Sheet Analysis

As of June 30, 2018, BankFirst had assets of $467,394,000, loans of $352,462,000, and deposits of $314,365,000. 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 $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.09 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.35 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 $0.01 billion
All other assets $0.01 billion
     Total Assets $0.40 billion
LIABILITIES
Total deposits $0.31 billion
      Interest-bearing deposits $0.27 billion
      Deposits held in domestic offices $0.31 billion
      % insured (estimated) 72.41%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.09 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.40 billion
      Shareholders’ Equity $0.06 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 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 Bankfirst

Branches and Savings

Is Bankfirst FDIC insured?

Yes. It is covered under FDIC Certificate #20130.

Why does Bankfirst pay such low interest on savings accounts?

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

Why are Bankfirst CD rates not competitive?

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

Is Bankfirst a commercial bank?

Yes

Where are Bankfirst locations?

See branch locations nearby.

Is Bankfirst open on Saturdays?

Is Bankfirst open on Sundays?

What time does Bankfirst open?

What time does Bankfirst close?

Are Bankfirst ATMs Open 24/7?

Do Bankfirst ATMs accept cash deposits?

Can Bankfirst customers use other ATMs?

Do Bankfirst branches have notaries?

Will Bankfirst notarize my document?

What address for Bankfirst should I put for incoming ACH transfers?

Will the Bankfirst branch print checks?

Do Bankfirst checks expire?

Does Bankfirst require US citizenship to open account?

Can Bankfirst close my account?

Does Bankfirst Report to credit bureaus?

Does Bankfirst Use Equifax?

What is Bankfirst's ACH Routing Number?

What is Bankfirst's SWIFT code?

Products

Does Bankfirst offer mortgages?

Compare mortgage rates here.

Does Bankfirst offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bankfirst offer personal loans?

Compare personal loan rates here.

Does Bankfirst offer student loans?

Will Bankfirst cash a check?

Will Bankfirst redeem a savings bond?

Does Bankfirst cash savings bonds?

Will Bankfirst cash money orders?

Can Bankfirst issue a money order?

Does Bankfirst do currency exchange?

Background on The Bank

Who owns Bankfirst?

How long has Bankfirst been around?

Can Bankfirst transfer to other banks?

Does Bankfirst have quick pay?

Does Bankfirst accept rolled coins?

Will Bankfirst accept loose change?

Where is Bankfirst headquarters?

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