Beacon Bank

19765 Highway 7
Shorewood, MN 55331

Notable Rates APY Vs.Others
Savings N.A. 2.20% →
1-Year CD N.A. 2.20% →
2-Year CD N.A. 2.20% →
5-Year CD N.A. 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

Beacon Bank is an FDIC insured institution located in Shorewood, MN. It was founded in 1906 and has approximately $0.22 billion in assets.

FDIC Insured Yes
FDIC Certificate # 10581
Date Established 1906
Assets $0.35 billion
Loans $0.21 billion
Deposits $0.30 billion
Capital $0.03 billion

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 - February 19, 2020

Your Current Location: Washington, WA 98109

There are currently no rates available for Beacon Bank, but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - February 19, 2020

Your Current Location: Washington, WA 98109

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 - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 520-CL-25944
3.375% 3.375% 0.00 ($80) $1,106 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 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% 6.70%

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 September 30, 2019, 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% 9.72%

Beacon Bank has a Return on Equity of 10.72% versus the BestCashCow average of 9.72%. 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% 12.89%

Beacon Bank has a Capitalization of 9.44% versus the BestCashCow average of 12.89. 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 $215,294,000, 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

September 30, 2019
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.21 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 $0.00 billion
Total deposits $0.30 billion
      Interest-bearing deposits $0.00 billion
      Deposits held in domestic offices $0.00 billion
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.00 billion
      Shareholders’ Equity $0.35 billion

Summary Income Statement

September 30, 2019
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

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 Small Business Loans, 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?

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Is Beacon Bank open on Saturdays?

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Do Beacon Bank checks expire?

Does Beacon Bank require US citizenship to open account?

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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?

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Background on The Bank

Who owns Beacon Bank?

How long has Beacon Bank been around?

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Does Beacon Bank have quick pay?

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