Benchmark Bank

461 Beecher Road
Gahanna, OH 43230

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57949
Date Established 2005
Assets $0.13 billion
Loans $0.10 billion
Deposits $0.10 billion
Capital $0.02 billion

Benchmark Bank is an FDIC insured institution located in Gahanna, OH. It was founded in 2005 and has approximately $0.12 billion in assets. Customers can open an account at one of its 2 branches.

For a more detailed analysis of Benchmark Bank'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 Benchmark Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Ohio, Benchmark Bank has a significantly higher percent of Multifamily Mortgages, 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 53.40
Multifamily
Mortgages
10.17
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 17.23
Construction and Development Loans 11.01
Commercial Real Estate 23.63
Commercial and Industrial Loans 3.32
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

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

1.25% APY Online Savings Account from Ally Bank
1.60% APY 11 Month CD from Ally Bank

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Benchmark Bank

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 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
3.896% 3.875% 0.25 $628 $1,176 Learn More
PenFed Credit Union
NMLS ID: 401822
3.832% 3.750% 0.00 $2,500 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Benchmark Bank
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Branches

Benchmark 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:
Ashburn,Virginia


Benchmark Bank Locations

Financial Details

Benchmark Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Benchmark 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
Benchmark Bank U.S. Bank Average
3.84% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Benchmark Bank had $349,000 in non-current loans and $351,000 in owned real estate. To cover these potential losses it had $17,153,000 in equity and $1,088,000 in loans loss reserves. That gives it a Texas Ratio of 3.84%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Benchmark Bank U.S. Bank Average
4.7% 8.58

Benchmark Bank has a Return on Equity of 4.7% versus the BestCashCow average of 8.58. 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
Benchmark Bank U.S. Bank Average
13.15% 12.11

Benchmark Bank has a Capitalization of 13.15% versus the BestCashCow average of 12.11. 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.

Benchmark Bank Balance Sheet Analysis

As of June 30, 2017, Benchmark Bank had assets of $124,363,000, loans of $104,570,000, and deposits of $98,580,000. 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.

Frequently Asked Questions About Benchmark Bank

Branches and Savings

Is Benchmark Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57949.

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

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

Why are Benchmark Bank CD rates not competitive?

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

Is Benchmark Bank a commercial bank?

Yes

Where are Benchmark Bank locations?

See branch locations nearby.

Is Benchmark Bank open on Saturdays?

Is Benchmark Bank open on Sundays?

What time does Benchmark Bank open?

What time does Benchmark Bank close?

Are Benchmark Bank ATMs Open 24/7?

Do Benchmark Bank ATMs accept cash deposits?

Can Benchmark Bank customers use other ATMs?

Do Benchmark Bank branches have notaries?

Will Benchmark Bank notarize my document?

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

Will the Benchmark Bank branch print checks?

Do Benchmark Bank checks expire?

Does Benchmark Bank require US citizenship to open account?

Can Benchmark Bank close my account?

Does Benchmark Bank Report to credit bureaus?

Does Benchmark Bank Use Equifax?

What is Benchmark Bank's ACH Routing Number?

What is Benchmark Bank's SWIFT code?

Products

Does Benchmark Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Benchmark Bank offer personal loans?

Compare personal loan rates here.

Does Benchmark Bank offer student loans?

Will Benchmark Bank cash a check?

Will Benchmark Bank redeem a savings bond?

Does Benchmark Bank cash savings bonds?

Will Benchmark Bank cash money orders?

Can Benchmark Bank issue a money order?

Does Benchmark Bank do currency exchange?

Background on The Bank

Who owns Benchmark Bank?

How long has Benchmark Bank been around?

Can Benchmark Bank transfer to other banks?

Does Benchmark Bank have quick pay?

Does Benchmark Bank accept rolled coins?

Will Benchmark Bank accept loose change?

Where is Benchmark Bank headquarters?

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