CerescoBank

Headquarters

130 West Elm Street
Ceresco, NE 68017
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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

CerescoBank is an FDIC insured institution located in Ceresco, NE. It was founded in 1911 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 1993
Date Established 1911
Assets $ 50.29 million
Loans $ 34.16 million
Deposits $ 41.77 million
Capital $ 8.36 million
 

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

Deposit Rates - October 29, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for CerescoBank

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

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1Rate, Inc
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License#: MC-7051
2.539% 2.500% 0.50 $1,304 $988 Learn More
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2.669% 2.625% 0.63 $1,450 $1,005 Learn More
First Internet Bank
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2.566% 2.500% 0.88 $2,170 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR
2.990 %
After Intro: 3.500 %
Intro Period: 12 months
$25,000 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
$0 Learn More
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Note to CerescoBank
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Branches

CerescoBank 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


CerescoBank Locations


Financial Details

CerescoBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of CerescoBank. 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
CerescoBank U.S. Bank Average
1.52% 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, CerescoBank had $137,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,359,000 in equity and $652,000 in loans loss reserves. That gives it a Texas Ratio of 1.52%.

Return on Equity
CerescoBank U.S. Bank Average
7.56% 7.80%

CerescoBank has a Return on Equity of 7.56% 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
CerescoBank U.S. Bank Average
16.62% 12.68%

CerescoBank has a Capitalization of 16.62% 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.

CerescoBank Balance Sheet Analysis

As of March 31, 2020, CerescoBank had assets of $50,294,000, loans of $34,159,000, and deposits of $41,773,000. 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 $ 2.04 million
Interest-bearing balances $ 0.54 million
Total securities $ 9.02 million
Federal funds sold and reverse repurchase $ 1.43 million
Net loans and leases $ 34.16 million
Loan loss allowance $ 0.65 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 $ 2.53 million
     Total Assets $ 41.94 million
LIABILITIES
Total deposits $ 41.77 million
      Interest-bearing deposits $ 33.67 million
      Deposits held in domestic offices $ 41.77 million
      % insured (estimated) 91.12%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.16 million
      Total Liabilities $ 41.94 million
      Shareholders’ Equity $ 8.36 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.50 million
Total Interest Expense $ 0.10 million
Net interest income $ 0.40 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.12 million
Total non interest expense $ 0.29 million
Pre-tax Net Operating Income $ 0.18 million

Bank Loan Profile?

The top three loan types in CerescoBank’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Commercial and Industrial Loans.

Compared to other banks in Nebraska, CerescoBank has a significantly higher percent of Consumer Auto 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 22.92
Multifamily
Mortgages
0.86
Credit Card Loans 0.00
Consumer Auto Loans 6.62
Small Business Loans 0.00
Construction and Development Loans 0.60
Commercial Real Estate 9.11
Commercial and Industrial Loans 16.51
Farm Loans 21.47

Frequently Asked Questions About Cerescobank

Branches and Savings

Is Cerescobank FDIC insured?

Yes. It is covered under FDIC Certificate #1993.

Why does Cerescobank pay such low interest on savings accounts?

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

Why are Cerescobank CD rates not competitive?

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

Is Cerescobank a commercial bank?

Yes

Where are Cerescobank locations?

See branch locations nearby.

Is Cerescobank open on Saturdays?

Is Cerescobank open on Sundays?

What time does Cerescobank open?

What time does Cerescobank close?

Are Cerescobank ATMs Open 24/7?

Do Cerescobank ATMs accept cash deposits?

Can Cerescobank customers use other ATMs?

Do Cerescobank branches have notaries?

Will Cerescobank notarize my document?

What address for Cerescobank should I put for incoming ACH transfers?

Will the Cerescobank branch print checks?

Do Cerescobank checks expire?

Does Cerescobank require US citizenship to open account?

Can Cerescobank close my account?

Does Cerescobank Report to credit bureaus?

Does Cerescobank Use Equifax?

What is Cerescobank's ACH Routing Number?

What is Cerescobank's SWIFT code?

Products

Does Cerescobank offer mortgages?

Compare mortgage rates here.

Does Cerescobank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cerescobank offer personal loans?

Compare personal loan rates here.

Does Cerescobank offer student loans?

Will Cerescobank cash a check?

Will Cerescobank redeem a savings bond?

Does Cerescobank cash savings bonds?

Will Cerescobank cash money orders?

Can Cerescobank issue a money order?

Does Cerescobank do currency exchange?

Background on The Bank

Who owns Cerescobank?

How long has Cerescobank been around?

Can Cerescobank transfer to other banks?

Does Cerescobank have quick pay?

Does Cerescobank accept rolled coins?

Will Cerescobank accept loose change?

Where is Cerescobank headquarters?

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