BOC Bank

Headquarters

201 North Main Street
Mclean, TX 79057
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.40% 1.05% →
1-Year CD 0.75% 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

BOC Bank is an FDIC insured institution located in Mclean, TX. It was founded in 1984 and has approximately $0.06 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 25328
Date Established 1984
Assets $ 57.35 million
Loans $ 31.69 million
Deposits $ 47.60 million
Capital $ 9.51 million
 

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

Deposit Rates - September 27, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.40% $2,500 $4,999 Learn More
Money Market
0.40% $2,500 $2,999 Learn More
Money Market
0.40% $10,000 $14,999 Learn More
Money Market
0.40% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.30% $10,000 $14,999 Learn More
3 Mo CD
0.30% $100,000 $199,999 Learn More
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.45% $100,000 $199,999 Learn More
12 Mo CD
0.75% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More


Loan Rates - September 27, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for BOC 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
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,102 $1,021 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 BOC Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

BOC 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


BOC Bank Locations


Financial Details

BOC Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BOC 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
BOC Bank U.S. Bank Average
0% 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, BOC Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $9,509,000 in equity and $404,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
BOC Bank U.S. Bank Average
6.76% 7.80%

BOC Bank has a Return on Equity of 6.76% 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
BOC Bank U.S. Bank Average
16.58% 12.68%

BOC Bank has a Capitalization of 16.58% 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.

BOC Bank Balance Sheet Analysis

As of March 31, 2020, BOC Bank had assets of $57,346,000, loans of $31,688,000, and deposits of $47,598,000. 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 $ 11.80 million
Interest-bearing balances $ 11.45 million
Total securities $ 13.10 million
Federal funds sold and reverse repurchase $ 0.18 million
Net loans and leases $ 31.69 million
Loan loss allowance $ 0.40 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 0.35 million
     Total Assets $ 47.84 million
LIABILITIES
Total deposits $ 47.60 million
      Interest-bearing deposits $ 32.76 million
      Deposits held in domestic offices $ 47.60 million
      % insured (estimated) 58.46%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.24 million
      Total Liabilities $ 47.84 million
      Shareholders’ Equity $ 9.51 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.61 million
Total Interest Expense $ 0.09 million
Net interest income $ 0.52 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.05 million
Total non interest expense $ 0.36 million
Pre-tax Net Operating Income $ 0.16 million

Bank Loan Profile?

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

Compared to other banks in Texas, BOC Bank has a significantly higher percent of 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 30.17
Multifamily
Mortgages
3.33
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 0.00
Construction and Development Loans 2.94
Commercial Real Estate 6.96
Commercial and Industrial Loans 54.79
Farm Loans 2.60

Frequently Asked Questions About Boc Bank

Branches and Savings

Is Boc Bank FDIC insured?

Yes. It is covered under FDIC Certificate #25328.

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

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

Why are Boc Bank CD rates not competitive?

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

Is Boc Bank a commercial bank?

Yes

Where are Boc Bank locations?

See branch locations nearby.

Is Boc Bank open on Saturdays?

Is Boc Bank open on Sundays?

What time does Boc Bank open?

What time does Boc Bank close?

Are Boc Bank ATMs Open 24/7?

Do Boc Bank ATMs accept cash deposits?

Can Boc Bank customers use other ATMs?

Do Boc Bank branches have notaries?

Will Boc Bank notarize my document?

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

Will the Boc Bank branch print checks?

Do Boc Bank checks expire?

Does Boc Bank require US citizenship to open account?

Can Boc Bank close my account?

Does Boc Bank Report to credit bureaus?

Does Boc Bank Use Equifax?

What is Boc Bank's ACH Routing Number?

What is Boc Bank's SWIFT code?

Products

Does Boc Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Boc Bank offer personal loans?

Compare personal loan rates here.

Does Boc Bank offer student loans?

Will Boc Bank cash a check?

Will Boc Bank redeem a savings bond?

Does Boc Bank cash savings bonds?

Will Boc Bank cash money orders?

Can Boc Bank issue a money order?

Does Boc Bank do currency exchange?

Background on The Bank

Who owns Boc Bank?

How long has Boc Bank been around?

Can Boc Bank transfer to other banks?

Does Boc Bank have quick pay?

Does Boc Bank accept rolled coins?

Will Boc Bank accept loose change?

Where is Boc Bank headquarters?

Customer Reviews for BOC Bank

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

Add Your Review

Rate it here →