Commercial Bank of Mott

Headquarters

325 Brown Avenue
Mott, ND 58646
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.17% 0.91% →
1-Year CD 0.90% 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD 1.40% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Commercial Bank of Mott is an FDIC insured institution located in Mott, ND. It was founded in 1940 and has approximately $0.11 billion in assets.

FDIC Insured Yes
FDIC Certificate # 15741
Date Established 1940
Assets $ 110.64 million
Loans $ 82.22 million
Deposits $ 92.87 million
Capital $ 15.38 million
 

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

Deposit Rates - November 29, 2020

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Savings
0.17% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.60% $10,000 $14,999 Learn More
3 Mo CD
0.60% $100,000 $199,999 Learn More
6 Mo CD
0.75% $10,000 $14,999 Learn More
6 Mo CD
0.75% $100,000 $199,999 Learn More
Special: 11 Mo CD
1.05% $1,000 - Learn More
12 Mo CD
0.90% $10,000 $14,999 Learn More
12 Mo CD
0.90% $100,000 $199,999 Learn More
18 Mo CD
1.00% $10,000 $14,999 Learn More
18 Mo CD
1.00% $100,000 $199,999 Learn More
Special: 27 Mo CD
1.20% $1,000 - Learn More
Special: 40 Mo CD
1.30% $1,000 - Learn More
60 Mo CD
1.40% $10,000 $14,999 Learn More
60 Mo CD
1.40% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 11 Mo FIRA
1.05% $1,000 - Learn MoreShow Less
Special: 27 Mo FIRA
1.20% $1,000 - Learn MoreShow Less
Special: 40 Mo FIRA
1.30% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.13% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - November 29, 2020

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Commercial Bank of Mott

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.557% 2.500% 0.75 $1,880 $988 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Commercial Bank of Mott
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Commercial Bank of Mott 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:
Seattle,Washington


Commercial Bank of Mott Locations


Financial Details

Commercial Bank of Mott Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Commercial Bank of Mott. 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
Commercial Bank of Mott U.S. Bank Average
3.6% 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, Commercial Bank of Mott had $584,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $15,384,000 in equity and $847,000 in loans loss reserves. That gives it a Texas Ratio of 3.6%.

Return on Equity
Commercial Bank of Mott U.S. Bank Average
16.44% 7.80%

Commercial Bank of Mott has a Return on Equity of 16.44% 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
Commercial Bank of Mott U.S. Bank Average
13.9% 12.68%

Commercial Bank of Mott has a Capitalization of 13.9% 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.

Commercial Bank of Mott Balance Sheet Analysis

As of March 31, 2020, Commercial Bank of Mott had assets of $110,639,000, loans of $82,219,000, and deposits of $92,873,000. 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 $ 1.07 million
Interest-bearing balances $ 0.03 million
Total securities $ 12.66 million
Federal funds sold and reverse repurchase $ 10.67 million
Net loans and leases $ 82.22 million
Loan loss allowance $ 0.85 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 $ 3.35 million
     Total Assets $ 95.26 million
LIABILITIES
Total deposits $ 92.87 million
      Interest-bearing deposits $ 83.82 million
      Deposits held in domestic offices $ 92.87 million
      % insured (estimated) 77.12%
Federal funds purchased and repurchase agreements $ 1.80 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.58 million
      Total Liabilities $ 95.26 million
      Shareholders’ Equity $ 15.38 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.24 million
Total Interest Expense $ 0.27 million
Net interest income $ 0.97 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.05 million
Total non interest expense $ 0.37 million
Pre-tax Net Operating Income $ 0.65 million

Bank Loan Profile?

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

Compared to other banks, Commercial Bank of Mott’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 3.09
Multifamily
Mortgages
0.00
Credit Card Loans 0.15
Consumer Auto Loans 0.79
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 10.90
Commercial and Industrial Loans 5.25
Farm Loans 38.12

Frequently Asked Questions About Commercial Bank Of Mott

Branches and Savings

Is Commercial Bank Of Mott FDIC insured?

Yes. It is covered under FDIC Certificate #15741.

Why does Commercial Bank Of Mott pay such low interest on savings accounts?

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

Why are Commercial Bank Of Mott CD rates not competitive?

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

Is Commercial Bank Of Mott a commercial bank?

Yes

Where are Commercial Bank Of Mott locations?

See branch locations nearby.

Is Commercial Bank Of Mott open on Saturdays?

Is Commercial Bank Of Mott open on Sundays?

What time does Commercial Bank Of Mott open?

What time does Commercial Bank Of Mott close?

Are Commercial Bank Of Mott ATMs Open 24/7?

Do Commercial Bank Of Mott ATMs accept cash deposits?

Can Commercial Bank Of Mott customers use other ATMs?

Do Commercial Bank Of Mott branches have notaries?

Will Commercial Bank Of Mott notarize my document?

What address for Commercial Bank Of Mott should I put for incoming ACH transfers?

Will the Commercial Bank Of Mott branch print checks?

Do Commercial Bank Of Mott checks expire?

Does Commercial Bank Of Mott require US citizenship to open account?

Can Commercial Bank Of Mott close my account?

Does Commercial Bank Of Mott Report to credit bureaus?

Does Commercial Bank Of Mott Use Equifax?

What is Commercial Bank Of Mott's ACH Routing Number?

What is Commercial Bank Of Mott's SWIFT code?

Products

Does Commercial Bank Of Mott offer mortgages?

Compare mortgage rates here.

Does Commercial Bank Of Mott offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Commercial Bank Of Mott offer personal loans?

Compare personal loan rates here.

Does Commercial Bank Of Mott offer student loans?

Will Commercial Bank Of Mott cash a check?

Will Commercial Bank Of Mott redeem a savings bond?

Does Commercial Bank Of Mott cash savings bonds?

Will Commercial Bank Of Mott cash money orders?

Can Commercial Bank Of Mott issue a money order?

Does Commercial Bank Of Mott do currency exchange?

Background on The Bank

Who owns Commercial Bank Of Mott?

How long has Commercial Bank Of Mott been around?

Can Commercial Bank Of Mott transfer to other banks?

Does Commercial Bank Of Mott have quick pay?

Does Commercial Bank Of Mott accept rolled coins?

Will Commercial Bank Of Mott accept loose change?

Where is Commercial Bank Of Mott headquarters?

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