Boone Bank & Trust Co.

Headquarters

716 Eighth Street
Boone, IA 50036
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.03% 0.91% →
1-Year CD 0.40% 0.85% →
2-Year CD 0.65% 0.95% →
5-Year CD 1.05% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Boone Bank & Trust Co. is an FDIC insured institution located in Boone, IA. It was founded in 1992 and has approximately $0.15 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 33552
Date Established 1992
Assets $ 151.08 million
Loans $ 63.65 million
Deposits $ 126.92 million
Capital $ 13.08 million
 

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.

Deposit Rates - November 27, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.03% $2,500 $4,999 Learn More
Money Market
0.03% $2,500 $2,999 Learn More
Money Market
0.03% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.03% $10,000 $14,999 Learn More
3 Mo CD
0.13% $100,000 $199,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.40% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.45% $10,000 $14,999 Learn More
48 Mo CD
0.90% $100,000 $199,999 Learn More
60 Mo CD
0.55% $10,000 $14,999 Learn More
60 Mo CD
1.05% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - November 27, 2020

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
2.569% 2.500% 0.88 $2,290 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.690% 2.625% 0.63 $2,115 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

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
0.44% 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, Boone Bank & Trust Co. had $62,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $13,082,000 in equity and $1,006,000 in loans loss reserves. That gives it a Texas Ratio of 0.44%.

Return on Equity
Boone Bank & Trust Co. U.S. Bank Average
7.02% 7.80%

Boone Bank & Trust Co. has a Return on Equity of 7.02% 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
Boone Bank & Trust Co. U.S. Bank Average
8.66% 12.68%

Boone Bank & Trust Co. has a Capitalization of 8.66% 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.

Boone Bank & Trust Co. Balance Sheet Analysis

As of March 31, 2020, Boone Bank & Trust Co. had assets of $151,084,000, loans of $63,651,000, and deposits of $126,918,000. 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 $ 21.21 million
Interest-bearing balances $ 19.67 million
Total securities $ 59.47 million
Federal funds sold and reverse repurchase $ 3.80 million
Net loans and leases $ 63.65 million
Loan loss allowance $ 1.01 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 $ 2.08 million
     Total Assets $ 138.00 million
LIABILITIES
Total deposits $ 126.92 million
      Interest-bearing deposits $ 115.07 million
      Deposits held in domestic offices $ 126.92 million
      % insured (estimated) 63.20%
Federal funds purchased and repurchase agreements $ 10.58 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.50 million
      Total Liabilities $ 138.00 million
      Shareholders’ Equity $ 13.08 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.25 million
Total Interest Expense $ 0.31 million
Net interest income $ 0.94 million
Provision for loan and lease losses $ 0.13 million
Total non interest income $ 0.13 million
Total non interest expense $ 0.67 million
Pre-tax Net Operating Income $ 0.28 million

Bank Loan Profile?

The top three loan types in Boone Bank & Trust Co.’s loan portfolio are Commercial Real Estate, Farm Loans, and Construction and Development 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 11.56
Multifamily
Mortgages
0.41
Credit Card Loans 0.00
Consumer Auto Loans 0.33
Small Business Loans 4.59
Construction and Development Loans 17.23
Commercial Real Estate 24.52
Commercial and Industrial Loans 8.88
Farm Loans 19.06

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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