Beal Bank

Headquarters

6000 Legacy Dr
Plano, TX 75024
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.21% 0.65% →
1-Year CD 0.41% 0.70% →
2-Year CD 0.41% 0.75% →
5-Year CD 0.41% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Beal Bank is an FDIC insured institution located in Plano, TX. It was founded in 1988 and has approximately $1.75 billion in assets. Customers can open an account at one of its 19 branches.

FDIC Insured Yes
FDIC Certificate # 32574
Date Established 1988
Assets $ 1,751.10 million
Loans $ 756.56 million
Deposits $ 1,128.44 million
Capital $ 528.86 million
 

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

Deposit Rates - June 22, 2021

Your Current Location: California, CA 92111

Savings and Money Market Rates APY MIN MAX
SAV
0.21% $500 - Learn More
Money Market
0.21% $1,000 $24,999 Learn More
Money Market
0.36% $25,000 - Learn More
CD Rates APY MIN MAX
6 Mo CD
0.25% $1,000 - Learn More
12 Mo CD
0.41% $1,000 - Learn More
18 Mo CD
0.41% $1,000 - Learn More
24 Mo CD
0.41% $1,000 - Learn More
36 Mo CD
0.41% $1,000 - Learn More
48 Mo CD
0.41% $1,000 - Learn More
60 Mo CD
0.41% $1,000 - Learn More

 

Loan Rates - June 22, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for Beal Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.824% 2.750%
1.00 points
$2,390 fees
$1,021 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info

Note to Beal Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Beal Bank 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:
San Diego,California


Beal Bank Locations


Financial Details

Beal Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Beal Bank. 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
Beal Bank U.S. Bank Average
19.62% 5.49%

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 December 31, 2020, Beal Bank had $100,661,000 in non-current loans and $5,030,000 in owned real estate. To cover these potential losses it had $528,864,000 in equity and $9,905,000 in loans loss reserves. That gives it a Texas Ratio of 19.62%.

Return on Equity
Beal Bank U.S. Bank Average
6% 9.24%

Beal Bank has a Return on Equity of 6% versus the BestCashCow average of 9.24%. 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
Beal Bank U.S. Bank Average
30.2% 11.96%

Beal Bank has a Capitalization of 30.2% versus the BestCashCow average of 11.96. 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.

Beal Bank Balance Sheet Analysis

As of December 31, 2020, Beal Bank had assets of $1,751,102,000, loans of $756,560,000, and deposits of $1,128,441,000. 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

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 202.18 million
Interest-bearing balances $ 94.22 million
Total securities $ 545.40 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 756.56 million
Loan loss allowance $ 9.91 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 5.03 million
Goodwill and other intangibles N.A.
All other assets $ 197.62 million
     Total Assets $ 1,222.24 million
LIABILITIES
Total deposits $ 1,128.44 million
      Interest-bearing deposits $ 1,067.68 million
      Deposits held in domestic offices $ 1,128.44 million
      % insured (estimated) 56.09%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 43.78 million
Subordinated debt N.A.
All other liabilities $ 50.02 million
      Total Liabilities $ 1,222.24 million
      Shareholders’ Equity $ 528.86 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 107.62 million
Total Interest Expense $ 10.66 million
Net interest income $ 96.96 million
Provision for loan and lease losses $ 12.49 million
Total non interest income $ 21.03 million
Total non interest expense $ 60.69 million
Pre-tax Net Operating Income $ 44.80 million

Bank Loan Profile?

The top three loan types in Beal Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Multifamily Mortgages.

Compared to other banks in Texas, Beal Bank has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages 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 66.03
Multifamily
Mortgages
8.03
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.80
Construction and Development Loans 0.03
Commercial Real Estate 1.41
Commercial and Industrial Loans 24.88
Farm Loans 0.00

Frequently Asked Questions About Beal Bank

Branches and Savings

Is Beal Bank FDIC insured?

Yes. It is covered under FDIC Certificate #32574.

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

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

Why are Beal Bank CD rates not competitive?

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

Is Beal Bank a commercial bank?

Yes

Where are Beal Bank locations?

See branch locations nearby.

Is Beal Bank open on Saturdays?

Is Beal Bank open on Sundays?

What time does Beal Bank open?

What time does Beal Bank close?

Are Beal Bank ATMs Open 24/7?

Do Beal Bank ATMs accept cash deposits?

Can Beal Bank customers use other ATMs?

Do Beal Bank branches have notaries?

Will Beal Bank notarize my document?

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

Will the Beal Bank branch print checks?

Do Beal Bank checks expire?

Does Beal Bank require US citizenship to open account?

Can Beal Bank close my account?

Does Beal Bank Report to credit bureaus?

Does Beal Bank Use Equifax?

What is Beal Bank's ACH Routing Number?

What is Beal Bank's SWIFT code?

Products

Does Beal Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Beal Bank offer personal loans?

Compare personal loan rates here.

Does Beal Bank offer student loans?

Will Beal Bank cash a check?

Will Beal Bank redeem a savings bond?

Does Beal Bank cash savings bonds?

Will Beal Bank cash money orders?

Can Beal Bank issue a money order?

Does Beal Bank do currency exchange?

Background on The Bank

Who owns Beal Bank?

How long has Beal Bank been around?

Can Beal Bank transfer to other banks?

Does Beal Bank have quick pay?

Does Beal Bank accept rolled coins?

Will Beal Bank accept loose change?

Where is Beal Bank headquarters?

Customer Reviews for Beal Bank

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

Add Your Review

Rate it here →