Brainerd Savings and Loan Association, A Federal Association

Headquarters

524 S 6th Street
Brainerd, MN 56401
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.00% →
1-Year CD 0.30% 0.95% →
2-Year CD 0.50% 1.05% →
5-Year CD 1.26% 1.30% →
30-Year Mortgage 4.13% 2.80% →
15-Year Mortgage 3.98% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Brainerd Savings and Loan Association, A Federal Association is an FDIC insured institution located in Brainerd, MN. It was founded in 1922 and has approximately $0.07 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 31443
Date Established 1922
Assets $ 67.92 million
Loans $ 55.00 million
Deposits $ 53.52 million
Capital $ 4.77 million
 

For a more detailed analysis of Brainerd Savings and Loan Association, A Federal Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 1, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $100 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $500 - Learn More
6 Mo CD
0.20% $500 - Learn More
Special: 10 Mo CD
1.00% $500 - Learn More
12 Mo CD
0.30% $500 - Learn More
18 Mo CD
0.50% $500 - Learn More
24 Mo CD
0.50% $500 - Learn More
30 Mo CD
0.50% $500 - Learn More
36 Mo CD
0.80% $500 - Learn More
48 Mo CD
0.95% $500 - Learn More
60 Mo CD
1.26% $500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - October 1, 2020

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Brainerd Savings and Loan Association, A Federal Association 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


Brainerd Savings and Loan Association, A Federal Association Locations


Financial Details

Brainerd Savings and Loan Association, A Federal Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Brainerd Savings and Loan Association, A Federal Association. 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
Brainerd Savings and Loan Association, A Federal Association U.S. Bank Average
14.86% 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, Brainerd Savings and Loan Association, A Federal Association had $245,000 in non-current loans and $525,000 in owned real estate. To cover these potential losses it had $4,772,000 in equity and $409,000 in loans loss reserves. That gives it a Texas Ratio of 14.86%.

Return on Equity
Brainerd Savings and Loan Association, A Federal Association U.S. Bank Average
2.83% 7.80%

Brainerd Savings and Loan Association, A Federal Association has a Return on Equity of 2.83% 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
Brainerd Savings and Loan Association, A Federal Association U.S. Bank Average
7.03% 12.68%

Brainerd Savings and Loan Association, A Federal Association has a Capitalization of 7.03% 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.

Brainerd Savings and Loan Association, A Federal Association Balance Sheet Analysis

As of March 31, 2020, Brainerd Savings and Loan Association, A Federal Association had assets of $67,923,000, loans of $54,995,000, and deposits of $53,522,000. 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 $ 2.47 million
Interest-bearing balances $ 0.81 million
Total securities $ 2.63 million
Federal funds sold and reverse repurchase $ 2.26 million
Net loans and leases $ 55.00 million
Loan loss allowance $ 0.41 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.53 million
Goodwill and other intangibles N.A.
All other assets $ 3.32 million
     Total Assets $ 63.15 million
LIABILITIES
Total deposits $ 53.52 million
      Interest-bearing deposits $ 49.65 million
      Deposits held in domestic offices $ 53.52 million
      % insured (estimated) 95.35%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 9.09 million
Subordinated debt N.A.
All other liabilities $ 0.54 million
      Total Liabilities $ 63.15 million
      Shareholders’ Equity $ 4.77 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.71 million
Total Interest Expense $ 0.19 million
Net interest income $ 0.52 million
Provision for loan and lease losses $ 0.00 million
Total non interest income $ 0.07 million
Total non interest expense $ 0.57 million
Pre-tax Net Operating Income $ 0.01 million

Bank Loan Profile?

The top three loan types in Brainerd Savings and Loan Association, A Federal Association’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Minnesota, Brainerd Savings and Loan Association, A Federal Association has a significantly higher percent of 1-4 Family Residential 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 92.37
Multifamily
Mortgages
1.12
Credit Card Loans 0.43
Consumer Auto Loans 0.74
Small Business Loans 0.00
Construction and Development Loans 2.79
Commercial Real Estate 1.97
Commercial and Industrial Loans 0.32
Farm Loans 0.00

Frequently Asked Questions About Brainerd Savings And Loan Association, A Federal Association

Branches and Savings

Is Brainerd Savings And Loan Association, A Federal Association FDIC insured?

Yes. It is covered under FDIC Certificate #31443.

Why does Brainerd Savings And Loan Association, A Federal Association pay such low interest on savings accounts?

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

Why are Brainerd Savings And Loan Association, A Federal Association CD rates not competitive?

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

Is Brainerd Savings And Loan Association, A Federal Association a commercial bank?

Yes

Where are Brainerd Savings And Loan Association, A Federal Association locations?

See branch locations nearby.

Is Brainerd Savings And Loan Association, A Federal Association open on Saturdays?

Is Brainerd Savings And Loan Association, A Federal Association open on Sundays?

What time does Brainerd Savings And Loan Association, A Federal Association open?

What time does Brainerd Savings And Loan Association, A Federal Association close?

Are Brainerd Savings And Loan Association, A Federal Association ATMs Open 24/7?

Do Brainerd Savings And Loan Association, A Federal Association ATMs accept cash deposits?

Can Brainerd Savings And Loan Association, A Federal Association customers use other ATMs?

Do Brainerd Savings And Loan Association, A Federal Association branches have notaries?

Will Brainerd Savings And Loan Association, A Federal Association notarize my document?

What address for Brainerd Savings And Loan Association, A Federal Association should I put for incoming ACH transfers?

Will the Brainerd Savings And Loan Association, A Federal Association branch print checks?

Do Brainerd Savings And Loan Association, A Federal Association checks expire?

Does Brainerd Savings And Loan Association, A Federal Association require US citizenship to open account?

Can Brainerd Savings And Loan Association, A Federal Association close my account?

Does Brainerd Savings And Loan Association, A Federal Association Report to credit bureaus?

Does Brainerd Savings And Loan Association, A Federal Association Use Equifax?

What is Brainerd Savings And Loan Association, A Federal Association's ACH Routing Number?

What is Brainerd Savings And Loan Association, A Federal Association's SWIFT code?

Products

Does Brainerd Savings And Loan Association, A Federal Association offer mortgages?

Compare mortgage rates here.

Does Brainerd Savings And Loan Association, A Federal Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Brainerd Savings And Loan Association, A Federal Association offer personal loans?

Compare personal loan rates here.

Does Brainerd Savings And Loan Association, A Federal Association offer student loans?

Will Brainerd Savings And Loan Association, A Federal Association cash a check?

Will Brainerd Savings And Loan Association, A Federal Association redeem a savings bond?

Does Brainerd Savings And Loan Association, A Federal Association cash savings bonds?

Will Brainerd Savings And Loan Association, A Federal Association cash money orders?

Can Brainerd Savings And Loan Association, A Federal Association issue a money order?

Does Brainerd Savings And Loan Association, A Federal Association do currency exchange?

Background on The Bank

Who owns Brainerd Savings And Loan Association, A Federal Association?

How long has Brainerd Savings And Loan Association, A Federal Association been around?

Can Brainerd Savings And Loan Association, A Federal Association transfer to other banks?

Does Brainerd Savings And Loan Association, A Federal Association have quick pay?

Does Brainerd Savings And Loan Association, A Federal Association accept rolled coins?

Will Brainerd Savings And Loan Association, A Federal Association accept loose change?

Where is Brainerd Savings And Loan Association, A Federal Association headquarters?

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