Clarkson Bank

Headquarters

243 Pine Street
Clarkson, NE 68629
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

Clarkson Bank is an FDIC insured institution located in Clarkson, NE. It was founded in 1934 and has approximately $0.06 billion in assets.

FDIC Insured Yes
FDIC Certificate # 14581
Date Established 1934
Assets $ 59.09 million
Loans $ 34.44 million
Deposits $ 46.44 million
Capital $ 7.95 million
 

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

Deposit Rates - September 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Clarkson 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
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.816% 2.750% 0.88 $2,132 $1,021 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
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to Clarkson Bank
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Branches

Clarkson 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


Clarkson Bank Locations


Financial Details

Clarkson Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Clarkson 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
Clarkson Bank U.S. Bank Average
1.68% 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, Clarkson Bank had $149,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $7,954,000 in equity and $896,000 in loans loss reserves. That gives it a Texas Ratio of 1.68%.

Return on Equity
Clarkson Bank U.S. Bank Average
13.33% 7.80%

Clarkson Bank has a Return on Equity of 13.33% 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
Clarkson Bank U.S. Bank Average
13.46% 12.68%

Clarkson Bank has a Capitalization of 13.46% 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.

Clarkson Bank Balance Sheet Analysis

As of March 31, 2020, Clarkson Bank had assets of $59,094,000, loans of $34,440,000, and deposits of $46,442,000. 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 $ 1.50 million
Interest-bearing balances $ 0.77 million
Total securities $ 20.33 million
Federal funds sold and reverse repurchase $ 1.42 million
Net loans and leases $ 34.44 million
Loan loss allowance $ 0.90 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 $ 1.30 million
     Total Assets $ 51.14 million
LIABILITIES
Total deposits $ 46.44 million
      Interest-bearing deposits $ 35.26 million
      Deposits held in domestic offices $ 46.44 million
      % insured (estimated) 86.87%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 4.60 million
Subordinated debt N.A.
All other liabilities $ 0.10 million
      Total Liabilities $ 51.14 million
      Shareholders’ Equity $ 7.95 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.63 million
Total Interest Expense $ 0.13 million
Net interest income $ 0.51 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.03 million
Total non interest expense $ 0.26 million
Pre-tax Net Operating Income $ 0.27 million

Bank Loan Profile?

The top three loan types in Clarkson Bank’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Nebraska, Clarkson Bank has a significantly higher percent of Farm 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 0.11
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.22
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 2.92
Commercial and Industrial Loans 12.08
Farm Loans 51.24

Frequently Asked Questions About Clarkson Bank

Branches and Savings

Is Clarkson Bank FDIC insured?

Yes. It is covered under FDIC Certificate #14581.

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

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

Why are Clarkson Bank CD rates not competitive?

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

Is Clarkson Bank a commercial bank?

Yes

Where are Clarkson Bank locations?

See branch locations nearby.

Is Clarkson Bank open on Saturdays?

Is Clarkson Bank open on Sundays?

What time does Clarkson Bank open?

What time does Clarkson Bank close?

Are Clarkson Bank ATMs Open 24/7?

Do Clarkson Bank ATMs accept cash deposits?

Can Clarkson Bank customers use other ATMs?

Do Clarkson Bank branches have notaries?

Will Clarkson Bank notarize my document?

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

Will the Clarkson Bank branch print checks?

Do Clarkson Bank checks expire?

Does Clarkson Bank require US citizenship to open account?

Can Clarkson Bank close my account?

Does Clarkson Bank Report to credit bureaus?

Does Clarkson Bank Use Equifax?

What is Clarkson Bank's ACH Routing Number?

What is Clarkson Bank's SWIFT code?

Products

Does Clarkson Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Clarkson Bank offer personal loans?

Compare personal loan rates here.

Does Clarkson Bank offer student loans?

Will Clarkson Bank cash a check?

Will Clarkson Bank redeem a savings bond?

Does Clarkson Bank cash savings bonds?

Will Clarkson Bank cash money orders?

Can Clarkson Bank issue a money order?

Does Clarkson Bank do currency exchange?

Background on The Bank

Who owns Clarkson Bank?

How long has Clarkson Bank been around?

Can Clarkson Bank transfer to other banks?

Does Clarkson Bank have quick pay?

Does Clarkson Bank accept rolled coins?

Will Clarkson Bank accept loose change?

Where is Clarkson Bank headquarters?

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