BankFirst

Headquarters

100 North 13th Street
Norfolk, NE 68701
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.00% →
1-Year CD 0.49% 0.95% →
2-Year CD 0.59% 1.05% →
5-Year CD 0.59% 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

BankFirst is an FDIC insured institution located in Norfolk, NE. It was founded in 1970 and has approximately $0.76 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 20130
Date Established 1970
Assets $ 756.19 million
Loans $ 540.97 million
Deposits $ 496.50 million
Capital $ 88.04 million
 

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

Deposit Rates - September 29, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.29% $10,000 $14,999 Learn More
Money Market
0.49% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.19% $10,000 $14,999 Learn More
3 Mo CD
0.19% $100,000 $199,999 Learn More
6 Mo CD
0.19% $10,000 $14,999 Learn More
6 Mo CD
0.24% $100,000 $199,999 Learn More
12 Mo CD
0.29% $10,000 $14,999 Learn More
12 Mo CD
0.49% $100,000 $199,999 Learn More
18 Mo CD
0.29% $10,000 $14,999 Learn More
18 Mo CD
0.49% $100,000 $199,999 Learn More
24 Mo CD
0.39% $10,000 $14,999 Learn More
24 Mo CD
0.59% $100,000 $199,999 Learn More
30 Mo CD
0.39% $10,000 $14,999 Learn More
30 Mo CD
0.49% $100,000 $199,999 Learn More
36 Mo CD
0.39% $10,000 $14,999 Learn More
36 Mo CD
0.49% $100,000 $199,999 Learn More
60 Mo CD
0.49% $10,000 $14,999 Learn More
60 Mo CD
0.59% $100,000 $199,999 Learn More


Loan Rates - September 29, 2020

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,110 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

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
3.91% 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, BankFirst had $3,712,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $88,043,000 in equity and $6,947,000 in loans loss reserves. That gives it a Texas Ratio of 3.91%.

Return on Equity
BankFirst U.S. Bank Average
14.68% 7.80%

BankFirst has a Return on Equity of 14.68% 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
BankFirst U.S. Bank Average
11.64% 12.68%

BankFirst has a Capitalization of 11.64% 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.

BankFirst Balance Sheet Analysis

As of March 31, 2020, BankFirst had assets of $756,185,000, loans of $540,968,000, and deposits of $496,495,000. 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 $ 28.43 million
Interest-bearing balances $ 24.84 million
Total securities $ 127.25 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 540.97 million
Loan loss allowance $ 6.95 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 17.15 million
All other assets $ 29.81 million
     Total Assets $ 668.14 million
LIABILITIES
Total deposits $ 496.50 million
      Interest-bearing deposits $ 420.85 million
      Deposits held in domestic offices $ 496.50 million
      % insured (estimated) 77.82%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 166.63 million
Subordinated debt N.A.
All other liabilities $ 5.01 million
      Total Liabilities $ 668.14 million
      Shareholders’ Equity $ 88.04 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 8.89 million
Total Interest Expense $ 2.09 million
Net interest income $ 6.80 million
Provision for loan and lease losses $ 0.55 million
Total non interest income $ 1.07 million
Total non interest expense $ 3.43 million
Pre-tax Net Operating Income $ 3.88 million

Bank Loan Profile?

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

Compared to other banks in Nebraska, BankFirst has a significantly higher percent of Commercial Real Estate 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 12.14
Multifamily
Mortgages
1.59
Credit Card Loans 0.00
Consumer Auto Loans 1.09
Small Business Loans 0.00
Construction and Development Loans 6.03
Commercial Real Estate 25.01
Commercial and Industrial Loans 10.33
Farm Loans 24.23

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?

Customer Reviews for BankFirst

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

Add Your Review

Rate it here →