Beacon Bank


19765 Highway 7
Shorewood, MN 55331
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Beacon Bank is an FDIC insured institution located in Shorewood, MN. It was founded in 1906 and has approximately $0.35 billion in assets.

FDIC Insured Yes
FDIC Certificate # 10581
Date Established 1906
Assets $ 349.83 million
Loans $ 207.20 million
Deposits $ 301.30 million
Capital $ 33.02 million

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

Deposit Rates - October 25, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - October 25, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Beacon Bank

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
Learn More
Simplist Mortgage, LLC
NMLS ID: 1764611
License#: ML-1764611
2.806% 2.750%
0.75 points
$1,820 fees
$1,021 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
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Beacon Bank
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Financial Details

Beacon Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Beacon Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Beacon Bank U.S. Bank Average
13.87% 4.78%

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 June 30, 2021, Beacon Bank had $3,453,000 in non-current loans and $1,559,000 in owned real estate. To cover these potential losses it had $33,019,000 in equity and $3,120,000 in loans loss reserves. That gives it a Texas Ratio of 13.87%.

Return on Equity
Beacon Bank U.S. Bank Average
10.72% 11.29%

Beacon Bank has a Return on Equity of 10.72% versus the BestCashCow average of 11.29%. 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.

Beacon Bank U.S. Bank Average
9.44% 11.72%

Beacon Bank has a Capitalization of 9.44% versus the BestCashCow average of 11.72. 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.

Beacon Bank Balance Sheet Analysis

As of March 31, 2015, Beacon Bank had assets of $349,989,000, loans of $207,199,000, and deposits of $301,303,000. 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, 2021
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 $ 207.20 million
Loan loss allowance $ 3.12 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.56 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 301.30 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 $ 349.83 million

Summary Income Statement

June 30, 2021
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 Beacon Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in Minnesota, Beacon Bank has a significantly higher percent of Commercial Real Estate, Commercial and Industrial 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 13.50
Credit Card Loans 0.00
Consumer Auto Loans 0.20
Small Business Loans 17.26
Construction and Development Loans 6.53
Commercial Real Estate 42.71
Commercial and Industrial Loans 32.98
Farm Loans 0.00

Frequently Asked Questions About Beacon Bank

Branches and Savings

Is Beacon Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10581.

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

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

Why are Beacon Bank CD rates not competitive?

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

Is Beacon Bank a commercial bank?


Where are Beacon Bank locations?

See branch locations nearby.

Is Beacon Bank open on Saturdays?

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Are Beacon Bank ATMs Open 24/7?

Do Beacon Bank ATMs accept cash deposits?

Can Beacon Bank customers use other ATMs?

Do Beacon Bank branches have notaries?

Will Beacon Bank notarize my document?

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

Will the Beacon Bank branch print checks?

Do Beacon Bank checks expire?

Does Beacon Bank require US citizenship to open account?

Can Beacon Bank close my account?

Does Beacon Bank Report to credit bureaus?

Does Beacon Bank Use Equifax?

What is Beacon Bank's ACH Routing Number?

What is Beacon Bank's SWIFT code?


Does Beacon Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Beacon Bank offer personal loans?

Compare personal loan rates here.

Does Beacon Bank offer student loans?

Will Beacon Bank cash a check?

Will Beacon Bank redeem a savings bond?

Does Beacon Bank cash savings bonds?

Will Beacon Bank cash money orders?

Can Beacon Bank issue a money order?

Does Beacon Bank do currency exchange?

Background on The Bank

Who owns Beacon Bank?

How long has Beacon Bank been around?

Can Beacon Bank transfer to other banks?

Does Beacon Bank have quick pay?

Does Beacon Bank accept rolled coins?

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Where is Beacon Bank headquarters?

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