Boone Bank & Trust Co.

716 Eighth Street
Boone, IA 50036

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 33552
Date Established 1992
Assets $0.14 billion
Loans $0.06 billion
Deposits $0.12 billion
Capital $0.01 billion

Boone Bank & Trust Co. is an FDIC insured institution located in Boone, IA. It was founded in 1992 and has approximately $0.14 billion in assets. Customers can open an account at one of its 2 branches.

For a more detailed analysis of Boone Bank & Trust Co.'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 Boone Bank & Trust Co.’s loan portfolio are Commercial Real Estate, Farm Loans, and 1-4 Family Residential Loans.

Compared to other banks in Iowa, Boone Bank & Trust Co. has a significantly higher percent of Small Business Loans, 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 15.35
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.40
Small Business Loans 8.94
Construction and Development Loans 8.02
Commercial Real Estate 23.00
Commercial and Industrial Loans 10.96
Farm Loans 22.61

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.15% $10,000 $24,999 Learn MoreShow Less
6 Mo CD 10K
0.30% $10,000 $24,999 Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.55% $1,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.25% $2,500 $24,999 Learn MoreShow Less
MM 25K
0.45% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.10% $500 $2,499 Learn MoreShow Less
Int Ckg 2.5K
0.15% $2,500 $4,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Boone Bank & Trust Co.

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.325% 4.250% 0.50 $2,354 $1,230 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.740% $291.47 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More

Note to Boone Bank & Trust Co.
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Branches

Boone Bank & Trust Co. 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


Boone Bank & Trust Co. Locations

Financial Details

Boone Bank & Trust Co. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Boone Bank & Trust Co.. 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
Boone Bank & Trust Co. U.S. Bank Average
0.46% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2018, Boone Bank & Trust Co. had $68,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $13,890,000 in equity and $854,000 in loans loss reserves. That gives it a Texas Ratio of 0.46%.

Return on Equity
Boone Bank & Trust Co. U.S. Bank Average
10.92% 9.35%

Boone Bank & Trust Co. has a Return on Equity of 10.92% versus the BestCashCow average of 9.35%. 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
Boone Bank & Trust Co. U.S. Bank Average
9.89% 12.01%

Boone Bank & Trust Co. has a Capitalization of 9.89% versus the BestCashCow average of 12.01. 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.

Boone Bank & Trust Co. Balance Sheet Analysis

As of March 31, 2018, Boone Bank & Trust Co. had assets of $140,442,000, loans of $61,035,000, and deposits of $117,302,000. 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

ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.06 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.13 billion
LIABILITIES
Total deposits $0.12 billion
      Interest-bearing deposits $0.11 billion
      Deposits held in domestic offices $0.12 billion
      % insured (estimated) 68.64%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.13 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Boone Bank & Trust Co.

Branches and Savings

Is Boone Bank & Trust Co. FDIC insured?

Yes. It is covered under FDIC Certificate #33552.

Why does Boone Bank & Trust Co. pay such low interest on savings accounts?

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

Why are Boone Bank & Trust Co. CD rates not competitive?

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

Is Boone Bank & Trust Co. a commercial bank?

Yes

Where are Boone Bank & Trust Co. locations?

See branch locations nearby.

Is Boone Bank & Trust Co. open on Saturdays?

Is Boone Bank & Trust Co. open on Sundays?

What time does Boone Bank & Trust Co. open?

What time does Boone Bank & Trust Co. close?

Are Boone Bank & Trust Co. ATMs Open 24/7?

Do Boone Bank & Trust Co. ATMs accept cash deposits?

Can Boone Bank & Trust Co. customers use other ATMs?

Do Boone Bank & Trust Co. branches have notaries?

Will Boone Bank & Trust Co. notarize my document?

What address for Boone Bank & Trust Co. should I put for incoming ACH transfers?

Will the Boone Bank & Trust Co. branch print checks?

Do Boone Bank & Trust Co. checks expire?

Does Boone Bank & Trust Co. require US citizenship to open account?

Can Boone Bank & Trust Co. close my account?

Does Boone Bank & Trust Co. Report to credit bureaus?

Does Boone Bank & Trust Co. Use Equifax?

What is Boone Bank & Trust Co.'s ACH Routing Number?

What is Boone Bank & Trust Co.'s SWIFT code?

Products

Does Boone Bank & Trust Co. offer mortgages?

Compare mortgage rates here.

Does Boone Bank & Trust Co. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Boone Bank & Trust Co. offer personal loans?

Compare personal loan rates here.

Does Boone Bank & Trust Co. offer student loans?

Will Boone Bank & Trust Co. cash a check?

Will Boone Bank & Trust Co. redeem a savings bond?

Does Boone Bank & Trust Co. cash savings bonds?

Will Boone Bank & Trust Co. cash money orders?

Can Boone Bank & Trust Co. issue a money order?

Does Boone Bank & Trust Co. do currency exchange?

Background on The Bank

Who owns Boone Bank & Trust Co.?

How long has Boone Bank & Trust Co. been around?

Can Boone Bank & Trust Co. transfer to other banks?

Does Boone Bank & Trust Co. have quick pay?

Does Boone Bank & Trust Co. accept rolled coins?

Will Boone Bank & Trust Co. accept loose change?

Where is Boone Bank & Trust Co. headquarters?

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