Benefit Bank

8300 Phoenix Avenue
Fort Smith, AR 72903

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35281
Date Established 1999
Assets $0.19 billion
Loans $0.17 billion
Deposits $0.16 billion
Capital $0.02 billion

Benefit Bank is an FDIC insured institution located in Fort Smith, AR. It was founded in 1999 and has approximately $0.19 billion in assets.

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

Compared to other banks in Arkansas, Benefit Bank has a significantly higher percent of 1-4 Family Residential 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 49.38
Multifamily
Mortgages
5.05
Credit Card Loans 0.01
Consumer Auto Loans 0.60
Small Business Loans 13.94
Construction and Development Loans 9.78
Commercial Real Estate 29.00
Commercial and Industrial Loans 6.14
Farm Loans 0.02

Savings Rates

Your Current Location: Virginia, VA 20146

Loan Rates

Your Current Location: Virginia, VA 20146

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Branches

Benefit 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


Benefit Bank Locations

Financial Details

Benefit Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Benefit Bank. The data is provided by the FDIC. Please remember that all banks listed on BestCashCow.com are FDIC insured while all credit unions are similarly insured by the NCUA. No depositor has ever lost money while their funds have been insured by the FDIC or NCUA.

Texas Ratio
Benefit Bank U.S. Bank Average
33.34% 9.11%

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, 2016, Benefit Bank had $8,389,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $21,780,000 in equity and $3,384,000 in loans loss reserves. That gives it a Texas Ratio of 33.34%. 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
Benefit Bank U.S. Bank Average
12.53% 9.45%

Benefit Bank has a Return on Equity of 12.53% versus the BestCashCow average of 9.45%. 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
Benefit Bank U.S. Bank Average
11.19% 11.28%

Benefit Bank has a Capitalization of 11.19% versus the BestCashCow average of 11.28%. 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.

Benefit Bank Balance Sheet Analysis

As of March 31, 2015, Benefit Bank had assets of $194,680,000, loans of $172,445,000, and deposits of $157,912,000. 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.

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