Byron Bank

Headquarters

2445 84th Street, S.W.
Byron Center, MI 49315
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 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

Byron Bank is an FDIC insured institution located in Byron Center, MI. It was founded in 1921 and has approximately $0.87 billion in assets.

FDIC Insured Yes
FDIC Certificate # 11405
Date Established 1921
Assets $ 820.18 million
Loans $ 685.17 million
Deposits $ 690.89 million
Capital $ 68.23 million
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Byron Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.816% 2.750% 0.88 $2,132 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Connecticut 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
2.990 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
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Note to Byron Bank
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Branches

Byron 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:
Fairfield,Connecticut


Byron Bank Locations


Financial Details

Byron Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Byron 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
Byron Bank U.S. Bank Average
12.07% 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, Byron Bank had $9,804,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $68,228,000 in equity and $12,973,000 in loans loss reserves. That gives it a Texas Ratio of 12.07%.

Return on Equity
Byron Bank U.S. Bank Average
1.21% 7.80%

Byron Bank has a Return on Equity of 1.21% 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
Byron Bank U.S. Bank Average
8.32% 12.68%

Byron Bank has a Capitalization of 8.32% 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.

Byron Bank Balance Sheet Analysis

As of November 30, -0001, Byron Bank had assets of $867,680,000, loans of $685,171,000, and deposits of $690,887,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 685.17 million
Loan loss allowance $ 12.97 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 N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 690.89 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 820.18 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Byron Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Byron Bank’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Byron Bank

Branches and Savings

Is Byron Bank FDIC insured?

Yes. It is covered under FDIC Certificate #11405.

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

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

Why are Byron Bank CD rates not competitive?

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

Is Byron Bank a commercial bank?

Yes

Where are Byron Bank locations?

See branch locations nearby.

Is Byron Bank open on Saturdays?

Is Byron Bank open on Sundays?

What time does Byron Bank open?

What time does Byron Bank close?

Are Byron Bank ATMs Open 24/7?

Do Byron Bank ATMs accept cash deposits?

Can Byron Bank customers use other ATMs?

Do Byron Bank branches have notaries?

Will Byron Bank notarize my document?

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

Will the Byron Bank branch print checks?

Do Byron Bank checks expire?

Does Byron Bank require US citizenship to open account?

Can Byron Bank close my account?

Does Byron Bank Report to credit bureaus?

Does Byron Bank Use Equifax?

What is Byron Bank's ACH Routing Number?

What is Byron Bank's SWIFT code?

Products

Does Byron Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Byron Bank offer personal loans?

Compare personal loan rates here.

Does Byron Bank offer student loans?

Will Byron Bank cash a check?

Will Byron Bank redeem a savings bond?

Does Byron Bank cash savings bonds?

Will Byron Bank cash money orders?

Can Byron Bank issue a money order?

Does Byron Bank do currency exchange?

Background on The Bank

Who owns Byron Bank?

How long has Byron Bank been around?

Can Byron Bank transfer to other banks?

Does Byron Bank have quick pay?

Does Byron Bank accept rolled coins?

Will Byron Bank accept loose change?

Where is Byron Bank headquarters?

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