Clare Bank, National Association

Headquarters

345 West Pine Street
Platteville, WI 53818
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.95% →
1-Year CD 0.15% 1.01% →
2-Year CD 0.35% 0.95% →
5-Year CD 0.85% 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

Clare Bank, National Association is an FDIC insured institution located in Platteville, WI. It was founded in 1905 and has approximately $0.28 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 1022
Date Established 1905
Assets $ 281.02 million
Loans $ 152.34 million
Deposits $ 244.90 million
Capital $ 35.71 million
 

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

Deposit Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.22% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
Special: 8 Mo CD
0.45% $500 $9,999 Learn More
Special: 8 Mo CD
0.55% $10,000 - Learn More
12 Mo CD
0.15% $10,000 $14,999 Learn More
12 Mo CD
0.15% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
30 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
0.85% $10,000 $14,999 Learn More
60 Mo CD
0.85% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 8 Mo FIRA
0.45% $500 $9,999 Learn MoreShow Less
Special: 8 Mo FIRA
0.55% $10,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Clare Bank, National Association

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.669% 2.625% 0.63 $1,450 $1,005 Learn More

Featured - Virginia 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
2.240 %
$0 Learn More
More Info

Note to Clare Bank, National Association
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Clare Bank, National 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:
Ashburn,Virginia


Clare Bank, National Association Locations


Financial Details

Clare Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Clare Bank, National 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
Clare Bank, National Association U.S. Bank Average
7.84% 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, Clare Bank, National Association had $2,848,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $35,714,000 in equity and $632,000 in loans loss reserves. That gives it a Texas Ratio of 7.84%.

Return on Equity
Clare Bank, National Association U.S. Bank Average
11.83% 7.80%

Clare Bank, National Association has a Return on Equity of 11.83% 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
Clare Bank, National Association U.S. Bank Average
12.71% 12.68%

Clare Bank, National Association has a Capitalization of 12.71% 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.

Clare Bank, National Association Balance Sheet Analysis

As of March 31, 2020, Clare Bank, National Association had assets of $281,017,000, loans of $152,338,000, and deposits of $244,895,000. 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 $ 24.50 million
Interest-bearing balances $ 22.24 million
Total securities $ 94.04 million
Federal funds sold and reverse repurchase $ 6.52 million
Net loans and leases $ 152.34 million
Loan loss allowance $ 0.63 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.18 million
All other assets $ 2.54 million
     Total Assets $ 245.30 million
LIABILITIES
Total deposits $ 244.90 million
      Interest-bearing deposits $ 211.02 million
      Deposits held in domestic offices $ 244.90 million
      % insured (estimated) 76.80%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.41 million
      Total Liabilities $ 245.30 million
      Shareholders’ Equity $ 35.71 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.27 million
Total Interest Expense $ 0.48 million
Net interest income $ 1.79 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.07 million
Total non interest expense $ 1.07 million
Pre-tax Net Operating Income $ 0.76 million

Bank Loan Profile?

The top three loan types in Clare Bank, National Association’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Farm Loans.

Compared to other banks, Clare Bank, National Association’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 41.89
Multifamily
Mortgages
1.46
Credit Card Loans 0.20
Consumer Auto Loans 0.67
Small Business Loans 0.00
Construction and Development Loans 2.58
Commercial Real Estate 9.73
Commercial and Industrial Loans 4.61
Farm Loans 5.65

Frequently Asked Questions About Clare Bank, National Association

Branches and Savings

Is Clare Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #1022.

Why does Clare Bank, National Association pay such low interest on savings accounts?

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

Why are Clare Bank, National Association CD rates not competitive?

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

Is Clare Bank, National Association a commercial bank?

Yes

Where are Clare Bank, National Association locations?

See branch locations nearby.

Is Clare Bank, National Association open on Saturdays?

Is Clare Bank, National Association open on Sundays?

What time does Clare Bank, National Association open?

What time does Clare Bank, National Association close?

Are Clare Bank, National Association ATMs Open 24/7?

Do Clare Bank, National Association ATMs accept cash deposits?

Can Clare Bank, National Association customers use other ATMs?

Do Clare Bank, National Association branches have notaries?

Will Clare Bank, National Association notarize my document?

What address for Clare Bank, National Association should I put for incoming ACH transfers?

Will the Clare Bank, National Association branch print checks?

Do Clare Bank, National Association checks expire?

Does Clare Bank, National Association require US citizenship to open account?

Can Clare Bank, National Association close my account?

Does Clare Bank, National Association Report to credit bureaus?

Does Clare Bank, National Association Use Equifax?

What is Clare Bank, National Association's ACH Routing Number?

What is Clare Bank, National Association's SWIFT code?

Products

Does Clare Bank, National Association offer mortgages?

Compare mortgage rates here.

Does Clare Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Clare Bank, National Association offer personal loans?

Compare personal loan rates here.

Does Clare Bank, National Association offer student loans?

Will Clare Bank, National Association cash a check?

Will Clare Bank, National Association redeem a savings bond?

Does Clare Bank, National Association cash savings bonds?

Will Clare Bank, National Association cash money orders?

Can Clare Bank, National Association issue a money order?

Does Clare Bank, National Association do currency exchange?

Background on The Bank

Who owns Clare Bank, National Association?

How long has Clare Bank, National Association been around?

Can Clare Bank, National Association transfer to other banks?

Does Clare Bank, National Association have quick pay?

Does Clare Bank, National Association accept rolled coins?

Will Clare Bank, National Association accept loose change?

Where is Clare Bank, National Association headquarters?

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