Central Bank

75 North University Avenue
Provo, UT 84601

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9204
Date Established 1891
Assets $1.01 billion
Loans $0.59 billion
Deposits $0.78 billion
Capital $0.16 billion

Central Bank is an FDIC insured institution located in Provo, UT. It was founded in 1891 and has approximately $1.01 billion in assets. Customers can open an account at one of its 10 branches.

For a more detailed analysis of Central 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 Central Bank’s loan portfolio are Construction and Development Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Utah, Central Bank has a significantly higher percent of 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 13.21
Multifamily
Mortgages
2.66
Credit Card Loans 0.59
Consumer Auto Loans 0.57
Small Business Loans 0.00
Construction and Development Loans 45.36
Commercial Real Estate 30.91
Commercial and Industrial Loans 6.71
Farm Loans 0.01

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.10% $500 - Learn MoreShow Less
6 Mo CD 10K
0.20% $500 - Learn MoreShow Less
12 Mo CD 10K
0.65% $500 - Learn MoreShow Less
18 Mo CD 10K
0.65% $500 - Learn MoreShow Less
24 Mo CD 10K
0.85% $500 - Learn MoreShow Less
36 Mo CD 10K
1.00% $500 - Learn MoreShow Less
48 Mo CD 10K
1.25% $500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.10% $100 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.65% $100 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.10% $1,000 $19,999 Learn MoreShow Less
MM 25K
0.10% $20,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $500 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Central 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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Ally Mortgage
NMLS ID: 181005
4.524% 4.500% 0.00 $786 $1,267 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.275% 4.250% -0.13 $862 $1,230 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.040% 4.990% 0.25 $1,424 $1,341 Learn More
Rocket Mortgage
NMLS ID: 3030
5.040% 4.990% 0.25 $1,424 $1,341 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.740% $231.27 Learn More

Note to Central Bank
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Branches

Central 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


Central Bank Locations

Financial Details

Central Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Central 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
Central Bank U.S. Bank Average
7.51% 8.32%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 September 30, 2017, Central Bank had $430,000 in non-current loans and $12,692,000 in owned real estate. To cover these potential losses it had $161,051,000 in equity and $13,621,000 in loans loss reserves. That gives it a Texas Ratio of 7.51%.

Return on Equity
Central Bank U.S. Bank Average
10.86% 8.84%

Central Bank has a Return on Equity of 10.86% versus the BestCashCow average of 8.84%. 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
Central Bank U.S. Bank Average
15.95% 12.21%

Central Bank has a Capitalization of 15.95% versus the BestCashCow average of 12.21. 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.

Central Bank Balance Sheet Analysis

As of September 30, 2017, Central Bank had assets of $1,009,437,000, loans of $585,391,000, and deposits of $781,476,000. 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 Central Bank

Branches and Savings

Is Central Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9204.

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

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

Why are Central Bank CD rates not competitive?

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

Is Central Bank a commercial bank?

Yes

Where are Central Bank locations?

See branch locations nearby.

Is Central Bank open on Saturdays?

Is Central Bank open on Sundays?

What time does Central Bank open?

What time does Central Bank close?

Are Central Bank ATMs Open 24/7?

Do Central Bank ATMs accept cash deposits?

Can Central Bank customers use other ATMs?

Do Central Bank branches have notaries?

Will Central Bank notarize my document?

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

Will the Central Bank branch print checks?

Do Central Bank checks expire?

Does Central Bank require US citizenship to open account?

Can Central Bank close my account?

Does Central Bank Report to credit bureaus?

Does Central Bank Use Equifax?

What is Central Bank's ACH Routing Number?

What is Central Bank's SWIFT code?

Products

Does Central Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Central Bank offer personal loans?

Compare personal loan rates here.

Does Central Bank offer student loans?

Will Central Bank cash a check?

Will Central Bank redeem a savings bond?

Does Central Bank cash savings bonds?

Will Central Bank cash money orders?

Can Central Bank issue a money order?

Does Central Bank do currency exchange?

Background on The Bank

Who owns Central Bank?

How long has Central Bank been around?

Can Central Bank transfer to other banks?

Does Central Bank have quick pay?

Does Central Bank accept rolled coins?

Will Central Bank accept loose change?

Where is Central Bank headquarters?

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