Border Bank

Headquarters

133 Main Street North
Greenbush, MN 56726
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.70% 1.01% →
2-Year CD 0.75% 0.95% →
5-Year CD 0.95% 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

Border Bank is an FDIC insured institution located in Greenbush, MN. It was founded in 1935 and has approximately $0.61 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 15684
Date Established 1935
Assets $ 612.06 million
Loans $ 462.50 million
Deposits $ 525.64 million
Capital $ 61.52 million
 

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

Deposit Rates - October 24, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $1 - Learn More
Money Market
0.20% $1 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.45% $2,500 $24,999 Learn More
3 Mo CD
0.50% $50,000 - Learn More
6 Mo CD
0.55% $2,500 $24,999 Learn More
6 Mo CD
0.60% $50,000 - Learn More
12 Mo CD
0.65% $2,500 $24,999 Learn More
12 Mo CD
0.70% $50,000 - Learn More
24 Mo CD
0.70% $2,500 $24,999 Learn More
24 Mo CD
0.75% $50,000 - Learn More
36 Mo CD
0.80% $2,500 $24,999 Learn More
36 Mo CD
0.85% $50,000 - Learn More
48 Mo CD
0.85% $2,500 $24,999 Learn More
48 Mo CD
0.90% $50,000 - Learn More
60 Mo CD
0.90% $2,500 $24,999 Learn More
60 Mo CD
0.95% $50,000 - Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.70% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 - Learn MoreShow Less

Loan Rates - October 24, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Border Bank

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
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.575% 2.500% 1.00 $2,470 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 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 Border Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Border 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:
Ashburn,Virginia


Border Bank Locations


Financial Details

Border Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Border 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
Border Bank U.S. Bank Average
6.95% 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, Border Bank had $4,004,000 in non-current loans and $625,000 in owned real estate. To cover these potential losses it had $61,520,000 in equity and $5,050,000 in loans loss reserves. That gives it a Texas Ratio of 6.95%.

Return on Equity
Border Bank U.S. Bank Average
8.15% 7.80%

Border Bank has a Return on Equity of 8.15% 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
Border Bank U.S. Bank Average
10.05% 12.68%

Border Bank has a Capitalization of 10.05% 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.

Border Bank Balance Sheet Analysis

As of March 31, 2020, Border Bank had assets of $612,060,000, loans of $462,504,000, and deposits of $525,638,000. 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 $ 31.28 million
Interest-bearing balances $ 23.17 million
Total securities $ 86.97 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 462.50 million
Loan loss allowance $ 5.05 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.63 million
Goodwill and other intangibles $ 3.83 million
All other assets $ 19.15 million
     Total Assets $ 550.54 million
LIABILITIES
Total deposits $ 525.64 million
      Interest-bearing deposits $ 409.14 million
      Deposits held in domestic offices $ 525.64 million
      % insured (estimated) 87.53%
Federal funds purchased and repurchase agreements $ 4.30 million
Trading liabilities N.A.
Other borrowed funds $ 17.50 million
Subordinated debt N.A.
All other liabilities $ 3.10 million
      Total Liabilities $ 550.54 million
      Shareholders’ Equity $ 61.52 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 6.82 million
Total Interest Expense $ 1.71 million
Net interest income $ 5.11 million
Provision for loan and lease losses $ 0.12 million
Total non interest income $ 0.69 million
Total non interest expense $ 4.41 million
Pre-tax Net Operating Income $ 1.27 million

Bank Loan Profile?

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

Compared to other banks in Minnesota, Border Bank has a significantly higher percent of Small Business 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 14.86
Multifamily
Mortgages
3.79
Credit Card Loans 0.00
Consumer Auto Loans 1.60
Small Business Loans 13.18
Construction and Development Loans 1.21
Commercial Real Estate 30.62
Commercial and Industrial Loans 15.58
Farm Loans 12.46

Frequently Asked Questions About Border Bank

Branches and Savings

Is Border Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15684.

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

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

Why are Border Bank CD rates not competitive?

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

Is Border Bank a commercial bank?

Yes

Where are Border Bank locations?

See branch locations nearby.

Is Border Bank open on Saturdays?

Is Border Bank open on Sundays?

What time does Border Bank open?

What time does Border Bank close?

Are Border Bank ATMs Open 24/7?

Do Border Bank ATMs accept cash deposits?

Can Border Bank customers use other ATMs?

Do Border Bank branches have notaries?

Will Border Bank notarize my document?

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

Will the Border Bank branch print checks?

Do Border Bank checks expire?

Does Border Bank require US citizenship to open account?

Can Border Bank close my account?

Does Border Bank Report to credit bureaus?

Does Border Bank Use Equifax?

What is Border Bank's ACH Routing Number?

What is Border Bank's SWIFT code?

Products

Does Border Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Border Bank offer personal loans?

Compare personal loan rates here.

Does Border Bank offer student loans?

Will Border Bank cash a check?

Will Border Bank redeem a savings bond?

Does Border Bank cash savings bonds?

Will Border Bank cash money orders?

Can Border Bank issue a money order?

Does Border Bank do currency exchange?

Background on The Bank

Who owns Border Bank?

How long has Border Bank been around?

Can Border Bank transfer to other banks?

Does Border Bank have quick pay?

Does Border Bank accept rolled coins?

Will Border Bank accept loose change?

Where is Border Bank headquarters?

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