BloomBank

48 North Washington Street
Bloomfield, IN 47424

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 15714
Date Established 1873
Assets $0.40 billion
Loans $0.27 billion
Deposits $0.32 billion
Capital $0.05 billion

BloomBank is an FDIC insured institution located in Bloomfield, IN. It was founded in 1873 and has approximately $0.4 billion in assets. Customers can open an account at one of its 14 branches.

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

Compared to other banks in Indiana, BloomBank has a significantly higher percent of Multifamily Mortgages, Small Business Loans, Construction and Development Loans, Commercial Real Estate 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 29.82
Multifamily
Mortgages
7.32
Credit Card Loans 0.00
Consumer Auto Loans 0.53
Small Business Loans 18.21
Construction and Development Loans 12.09
Commercial Real Estate 36.72
Commercial and Industrial Loans 9.42
Farm Loans 0.35

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.05% $1,000 $99,999 Learn MoreShow Less
3 Mo CD 100K
0.20% $100,000 - Learn MoreShow Less
6 Mo CD 10K
0.11% $1,000 $99,999 Learn MoreShow Less
6 Mo CD 100K
0.26% $100,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.31% $100 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
1.25% $100 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.01% $2,500 $10,000 Learn MoreShow Less
MM 10K
0.01% $10,001 $25,000 Learn MoreShow Less
MM 25K
0.05% $25,001 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.01% $1,001 $5,000 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BloomBank

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
Poli Mortgage Group Inc
NMLS ID: 1979
License#: MC-5501
3.875% 3.875% 0.00 $0 $1,176 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 BloomBank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

BloomBank 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


BloomBank Locations

Financial Details

BloomBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BloomBank. 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
BloomBank U.S. Bank Average
9.63% 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, BloomBank had $1,474,000 in non-current loans and $3,288,000 in owned real estate. To cover these potential losses it had $46,019,000 in equity and $3,411,000 in loans loss reserves. That gives it a Texas Ratio of 9.63%. 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
BloomBank U.S. Bank Average
7.83% 8.58

BloomBank has a Return on Equity of 7.83% 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
BloomBank U.S. Bank Average
11.55% 12.11

BloomBank has a Capitalization of 11.55% 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.

BloomBank Balance Sheet Analysis

As of June 30, 2017, BloomBank had assets of $398,308,000, loans of $266,394,000, and deposits of $324,219,000. 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 BloomBank

Branches and Savings

Is BloomBank FDIC insured?

Yes. It is covered under FDIC Certificate #15714.

Why does BloomBank pay such low interest on savings accounts?

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

Why are BloomBank CD rates not competitive?

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

Is BloomBank a commercial bank?

Yes

Where are BloomBank locations?

See branch locations nearby.

Is BloomBank open on Saturdays?

Is BloomBank open on Sundays?

What time does BloomBank open?

What time does BloomBank close?

Are BloomBank ATMs Open 24/7?

Do BloomBank ATMs accept cash deposits?

Can BloomBank customers use other ATMs?

Do BloomBank branches have notaries?

Will BloomBank notarize my document?

What address for BloomBank should I put for incoming ACH transfers?

Will the BloomBank branch print checks?

Do BloomBank checks expire?

Does BloomBank require US citizenship to open account?

Can BloomBank close my account?

Does BloomBank Report to credit bureaus?

Does BloomBank Use Equifax?

What is BloomBank's ACH Routing Number?

What is BloomBank's SWIFT code?

Products

Does BloomBank offer mortgages?

Compare mortgage rates here.

Does BloomBank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does BloomBank offer personal loans?

Compare personal loan rates here.

Does BloomBank offer student loans?

Will BloomBank cash a check?

Will BloomBank redeem a savings bond?

Does BloomBank cash savings bonds?

Will BloomBank cash money orders?

Can BloomBank issue a money order?

Does BloomBank do currency exchange?

Background on The Bank

Who owns BloomBank?

How long has BloomBank been around?

Can BloomBank transfer to other banks?

Does BloomBank have quick pay?

Does BloomBank accept rolled coins?

Will BloomBank accept loose change?

Where is BloomBank headquarters?

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