Blackhawk Bank

Headquarters

400 Broad Street
Beloit, WI 53511
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.01% 1.05% →
1-Year CD 0.30% 0.95% →
2-Year CD 0.40% 1.05% →
5-Year CD 0.50% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Blackhawk Bank is an FDIC insured institution located in Beloit, WI. It was founded in 1881 and has approximately $0.97 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 14078
Date Established 1881
Assets $ 974.77 million
Loans $ 626.80 million
Deposits $ 847.23 million
Capital $ 111.40 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
Special: 7 Mo CD
0.45% $1,000 - Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
Special: 22 Mo CD
0.55% $1,000 - Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
30 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.50% $100,000 $199,999 Learn More
Special: 35 Mo CD
0.70% $1,000 - Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
Special: 55 Mo CD
0.85% $1,000 - Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 7 Mo FIRA
0.45% $1,000 - Learn MoreShow Less
Special: 22 Mo FIRA
0.55% $1,000 - Learn MoreShow Less
Special: 35 Mo FIRA
0.70% $1,000 - Learn MoreShow Less
Special: 55 Mo FIRA
0.85% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Blackhawk 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

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

Branches

Blackhawk 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:
Fairfield,Connecticut


Blackhawk Bank Locations


Financial Details

Blackhawk Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Blackhawk 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
Blackhawk Bank U.S. Bank Average
8.91% 6.94%

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 March 31, 2020, Blackhawk Bank had $10,526,000 in non-current loans and $123,000 in owned real estate. To cover these potential losses it had $111,399,000 in equity and $8,160,000 in loans loss reserves. That gives it a Texas Ratio of 8.91%.

Return on Equity
Blackhawk Bank U.S. Bank Average
7.61% 7.80%

Blackhawk Bank has a Return on Equity of 7.61% versus the BestCashCow average of 7.80%. 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
Blackhawk Bank U.S. Bank Average
11.43% 12.68%

Blackhawk Bank has a Capitalization of 11.43% versus the BestCashCow average of 12.68. 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.

Blackhawk Bank Balance Sheet Analysis

As of March 31, 2020, Blackhawk Bank had assets of $974,774,000, loans of $626,796,000, and deposits of $847,225,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 19.24 million
Interest-bearing balances $ 4.54 million
Total securities $ 265.17 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 626.80 million
Loan loss allowance $ 8.16 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.12 million
Goodwill and other intangibles $ 15.46 million
All other assets $ 27.18 million
     Total Assets $ 863.37 million
LIABILITIES
Total deposits $ 847.23 million
      Interest-bearing deposits $ 810.33 million
      Deposits held in domestic offices $ 847.23 million
      % insured (estimated) 81.72%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 10.00 million
Subordinated debt N.A.
All other liabilities $ 6.15 million
      Total Liabilities $ 863.37 million
      Shareholders’ Equity $ 111.40 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 10.01 million
Total Interest Expense $ 1.21 million
Net interest income $ 8.80 million
Provision for loan and lease losses $ 0.77 million
Total non interest income $ 3.18 million
Total non interest expense $ 8.53 million
Pre-tax Net Operating Income $ 2.70 million

Bank Loan Profile?

The top three loan types in Blackhawk Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Wisconsin, Blackhawk Bank has a significantly higher percent of Small Business Loans, 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 18.41
Multifamily
Mortgages
2.11
Credit Card Loans 0.00
Consumer Auto Loans 1.41
Small Business Loans 12.78
Construction and Development Loans 3.53
Commercial Real Estate 35.52
Commercial and Industrial Loans 37.06
Farm Loans 0.00

Frequently Asked Questions About Blackhawk Bank

Branches and Savings

Is Blackhawk Bank FDIC insured?

Yes. It is covered under FDIC Certificate #14078.

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

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

Why are Blackhawk Bank CD rates not competitive?

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

Is Blackhawk Bank a commercial bank?

Yes

Where are Blackhawk Bank locations?

See branch locations nearby.

Is Blackhawk Bank open on Saturdays?

Is Blackhawk Bank open on Sundays?

What time does Blackhawk Bank open?

What time does Blackhawk Bank close?

Are Blackhawk Bank ATMs Open 24/7?

Do Blackhawk Bank ATMs accept cash deposits?

Can Blackhawk Bank customers use other ATMs?

Do Blackhawk Bank branches have notaries?

Will Blackhawk Bank notarize my document?

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

Will the Blackhawk Bank branch print checks?

Do Blackhawk Bank checks expire?

Does Blackhawk Bank require US citizenship to open account?

Can Blackhawk Bank close my account?

Does Blackhawk Bank Report to credit bureaus?

Does Blackhawk Bank Use Equifax?

What is Blackhawk Bank's ACH Routing Number?

What is Blackhawk Bank's SWIFT code?

Products

Does Blackhawk Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Blackhawk Bank offer personal loans?

Compare personal loan rates here.

Does Blackhawk Bank offer student loans?

Will Blackhawk Bank cash a check?

Will Blackhawk Bank redeem a savings bond?

Does Blackhawk Bank cash savings bonds?

Will Blackhawk Bank cash money orders?

Can Blackhawk Bank issue a money order?

Does Blackhawk Bank do currency exchange?

Background on The Bank

Who owns Blackhawk Bank?

How long has Blackhawk Bank been around?

Can Blackhawk Bank transfer to other banks?

Does Blackhawk Bank have quick pay?

Does Blackhawk Bank accept rolled coins?

Will Blackhawk Bank accept loose change?

Where is Blackhawk Bank headquarters?

Customer Reviews for Blackhawk Bank

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

Add Your Review

Rate it here →