ClearPoint Federal Bank & Trust

Headquarters

100 Progress Drive
Batesville, IN 47006
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

ClearPoint Federal Bank & Trust is an FDIC insured institution located in Batesville, IN. It was founded in 1998 and has approximately $0.11 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34748
Date Established 1998
Assets $ 112.41 million
Loans N.A.
Deposits $ 91.39 million
Capital $ 19.72 million
 

For a more detailed analysis of ClearPoint Federal Bank & Trust'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


Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for ClearPoint Federal Bank & Trust

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 ClearPoint Federal Bank & Trust
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Branches

ClearPoint Federal Bank & Trust 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


ClearPoint Federal Bank & Trust Locations


Financial Details

ClearPoint Federal Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of ClearPoint Federal Bank & Trust. 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
ClearPoint Federal Bank & Trust U.S. Bank Average
0% 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, ClearPoint Federal Bank & Trust had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $19,722,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
ClearPoint Federal Bank & Trust U.S. Bank Average
2.77% 7.80%

ClearPoint Federal Bank & Trust has a Return on Equity of 2.77% 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
ClearPoint Federal Bank & Trust U.S. Bank Average
17.54% 12.68%

ClearPoint Federal Bank & Trust has a Capitalization of 17.54% 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.

ClearPoint Federal Bank & Trust Balance Sheet Analysis

As of March 31, 2020, ClearPoint Federal Bank & Trust had assets of $112,411,000, loans of $0, and deposits of $91,388,000. 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 $ 2.44 million
Interest-bearing balances $ 1.24 million
Total securities $ 106.62 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases N.A.
Loan loss allowance N.A.
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.41 million
All other assets $ 2.31 million
     Total Assets $ 92.69 million
LIABILITIES
Total deposits $ 91.39 million
      Interest-bearing deposits $ 91.39 million
      Deposits held in domestic offices $ 91.39 million
      % insured (estimated) 97.58%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.30 million
      Total Liabilities $ 92.69 million
      Shareholders’ Equity $ 19.72 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.67 million
Total Interest Expense $ 0.15 million
Net interest income $ 0.52 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.22 million
Total non interest expense $ 1.65 million
Pre-tax Net Operating Income $ 0.09 million

Bank Loan Profile?

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

Compared to other banks, ClearPoint Federal Bank & Trust’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 nan
Multifamily
Mortgages
nan
Credit Card Loans nan
Consumer Auto Loans nan
Small Business Loans nan
Construction and Development Loans nan
Commercial Real Estate nan
Commercial and Industrial Loans nan
Farm Loans nan

Frequently Asked Questions About Clearpoint Federal Bank & Trust

Branches and Savings

Is Clearpoint Federal Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #34748.

Why does Clearpoint Federal Bank & Trust pay such low interest on savings accounts?

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

Why are Clearpoint Federal Bank & Trust CD rates not competitive?

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

Is Clearpoint Federal Bank & Trust a commercial bank?

Yes

Where are Clearpoint Federal Bank & Trust locations?

See branch locations nearby.

Is Clearpoint Federal Bank & Trust open on Saturdays?

Is Clearpoint Federal Bank & Trust open on Sundays?

What time does Clearpoint Federal Bank & Trust open?

What time does Clearpoint Federal Bank & Trust close?

Are Clearpoint Federal Bank & Trust ATMs Open 24/7?

Do Clearpoint Federal Bank & Trust ATMs accept cash deposits?

Can Clearpoint Federal Bank & Trust customers use other ATMs?

Do Clearpoint Federal Bank & Trust branches have notaries?

Will Clearpoint Federal Bank & Trust notarize my document?

What address for Clearpoint Federal Bank & Trust should I put for incoming ACH transfers?

Will the Clearpoint Federal Bank & Trust branch print checks?

Do Clearpoint Federal Bank & Trust checks expire?

Does Clearpoint Federal Bank & Trust require US citizenship to open account?

Can Clearpoint Federal Bank & Trust close my account?

Does Clearpoint Federal Bank & Trust Report to credit bureaus?

Does Clearpoint Federal Bank & Trust Use Equifax?

What is Clearpoint Federal Bank & Trust's ACH Routing Number?

What is Clearpoint Federal Bank & Trust's SWIFT code?

Products

Does Clearpoint Federal Bank & Trust offer mortgages?

Compare mortgage rates here.

Does Clearpoint Federal Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Clearpoint Federal Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Clearpoint Federal Bank & Trust offer student loans?

Will Clearpoint Federal Bank & Trust cash a check?

Will Clearpoint Federal Bank & Trust redeem a savings bond?

Does Clearpoint Federal Bank & Trust cash savings bonds?

Will Clearpoint Federal Bank & Trust cash money orders?

Can Clearpoint Federal Bank & Trust issue a money order?

Does Clearpoint Federal Bank & Trust do currency exchange?

Background on The Bank

Who owns Clearpoint Federal Bank & Trust?

How long has Clearpoint Federal Bank & Trust been around?

Can Clearpoint Federal Bank & Trust transfer to other banks?

Does Clearpoint Federal Bank & Trust have quick pay?

Does Clearpoint Federal Bank & Trust accept rolled coins?

Will Clearpoint Federal Bank & Trust accept loose change?

Where is Clearpoint Federal Bank & Trust headquarters?

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