Boundary Waters Bank

601 East Sheridan Street
Ely, MN 55731

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35172
Date Established 1999
Assets $0.12 billion
Loans $0.10 billion
Deposits $0.10 billion
Capital $0.01 billion

Boundary Waters Bank is an FDIC insured institution located in Ely, MN. It was founded in 1999 and has approximately $0.12 billion in assets. Customers can open an account at one of its 3 branches.

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

Compared to other banks in Minnesota, Boundary Waters Bank has a significantly higher percent of Small Business 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 30.57
Multifamily
Mortgages
4.42
Credit Card Loans 0.00
Consumer Auto Loans 0.08
Small Business Loans 36.09
Construction and Development Loans 3.60
Commercial Real Estate 57.21
Commercial and Industrial Loans 3.13
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Boundary Waters Bank, but see these great savings and CD rates:


Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Boundary Waters 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 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
US Wide Financial
NMLS ID: 55028
License#: MC-5809
3.771% 3.750% 0.00 $642 $1,158 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $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 Boundary Waters Bank
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Branches

Boundary Waters 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


Boundary Waters Bank Locations

Financial Details

Boundary Waters Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Boundary Waters 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
Boundary Waters Bank U.S. Bank Average
9.36% 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, Boundary Waters Bank had $0 in non-current loans and $1,175,000 in owned real estate. To cover these potential losses it had $11,967,000 in equity and $583,000 in loans loss reserves. That gives it a Texas Ratio of 9.36%. 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
Boundary Waters Bank U.S. Bank Average
4.35% 8.58

Boundary Waters Bank has a Return on Equity of 4.35% 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
Boundary Waters Bank U.S. Bank Average
10.06% 12.11

Boundary Waters Bank has a Capitalization of 10.06% 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.

Boundary Waters Bank Balance Sheet Analysis

As of June 30, 2017, Boundary Waters Bank had assets of $118,921,000, loans of $98,076,000, and deposits of $95,296,000. 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 Boundary Waters Bank

Branches and Savings

Is Boundary Waters Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35172.

Why does Boundary Waters Bank pay such low interest on savings accounts?

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

Why are Boundary Waters Bank CD rates not competitive?

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

Is Boundary Waters Bank a commercial bank?

Yes

Where are Boundary Waters Bank locations?

See branch locations nearby.

Is Boundary Waters Bank open on Saturdays?

Is Boundary Waters Bank open on Sundays?

What time does Boundary Waters Bank open?

What time does Boundary Waters Bank close?

Are Boundary Waters Bank ATMs Open 24/7?

Do Boundary Waters Bank ATMs accept cash deposits?

Can Boundary Waters Bank customers use other ATMs?

Do Boundary Waters Bank branches have notaries?

Will Boundary Waters Bank notarize my document?

What address for Boundary Waters Bank should I put for incoming ACH transfers?

Will the Boundary Waters Bank branch print checks?

Do Boundary Waters Bank checks expire?

Does Boundary Waters Bank require US citizenship to open account?

Can Boundary Waters Bank close my account?

Does Boundary Waters Bank Report to credit bureaus?

Does Boundary Waters Bank Use Equifax?

What is Boundary Waters Bank's ACH Routing Number?

What is Boundary Waters Bank's SWIFT code?

Products

Does Boundary Waters Bank offer mortgages?

Compare mortgage rates here.

Does Boundary Waters Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Boundary Waters Bank offer personal loans?

Compare personal loan rates here.

Does Boundary Waters Bank offer student loans?

Will Boundary Waters Bank cash a check?

Will Boundary Waters Bank redeem a savings bond?

Does Boundary Waters Bank cash savings bonds?

Will Boundary Waters Bank cash money orders?

Can Boundary Waters Bank issue a money order?

Does Boundary Waters Bank do currency exchange?

Background on The Bank

Who owns Boundary Waters Bank?

How long has Boundary Waters Bank been around?

Can Boundary Waters Bank transfer to other banks?

Does Boundary Waters Bank have quick pay?

Does Boundary Waters Bank accept rolled coins?

Will Boundary Waters Bank accept loose change?

Where is Boundary Waters Bank headquarters?

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