Connections Bank

Headquarters

2817 North Baltimore
Kirksville, MO 63501
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.40% →
1-Year CD 0.40% 1.15% →
2-Year CD 0.90% 1.26% →
5-Year CD 1.10% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Connections Bank is an FDIC insured institution located in Kirksville, MO. It was founded in 2005 and has approximately $0.09 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58076
Date Established 2005
Assets $ 91.40 million
Loans $ 71.06 million
Deposits $ 79.47 million
Capital $ 11.39 million
 

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

Deposit Rates - July 10, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $50 - Learn More
Money Market
0.10% $1 $9,999 Learn More
Money Market
0.15% $10,000 $24,999 Learn More
Money Market
0.20% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.30% $1,000 - Learn More
12 Mo CD
0.40% $1,000 - Learn More
Special: 15 Mo CD
0.60% $10,000 - Learn More
Special: 15 Mo CD
0.75% $50,000 - Learn More
18 Mo CD
0.50% $1,000 - Learn More
24 Mo CD
0.60% $1,000 - Learn More
Special: 24 Mo CD
0.70% $10,000 - Learn More
Special: 24 Mo CD
0.90% $50,000 - Learn More
36 Mo CD
0.90% $1,000 - Learn More
48 Mo CD
1.00% $1,000 - Learn More
60 Mo CD
1.10% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.40% $1,000 - Learn MoreShow Less
Special: 15 Mo FIRA
0.60% $10,000 - Learn MoreShow Less
Special: 15 Mo FIRA
0.75% $50,000 - Learn MoreShow Less
Special: 24 Mo FIRA
0.70% $10,000 - Learn MoreShow Less
Special: 24 Mo FIRA
0.90% $50,000 - Learn MoreShow Less

Loan Rates - July 10, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Connections 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
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.950% 2.875% 1.00 $2,438 $1,038 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to Connections Bank
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Branches

Connections 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


Connections Bank Locations


Financial Details

Connections Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Connections 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
Connections Bank U.S. Bank Average
0.6% 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, Connections Bank had $72,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $11,391,000 in equity and $599,000 in loans loss reserves. That gives it a Texas Ratio of 0.6%.

Return on Equity
Connections Bank U.S. Bank Average
6.88% 7.80%

Connections Bank has a Return on Equity of 6.88% 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
Connections Bank U.S. Bank Average
12.46% 12.68%

Connections Bank has a Capitalization of 12.46% 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.

Connections Bank Balance Sheet Analysis

As of March 31, 2020, Connections Bank had assets of $91,399,000, loans of $71,056,000, and deposits of $79,473,000. 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 $ 6.50 million
Interest-bearing balances $ 0.30 million
Total securities $ 7.44 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 71.06 million
Loan loss allowance $ 0.60 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.57 million
All other assets $ 2.46 million
     Total Assets $ 80.01 million
LIABILITIES
Total deposits $ 79.47 million
      Interest-bearing deposits $ 70.22 million
      Deposits held in domestic offices $ 79.47 million
      % insured (estimated) 94.58%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.54 million
      Total Liabilities $ 80.01 million
      Shareholders’ Equity $ 11.39 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.11 million
Total Interest Expense $ 0.26 million
Net interest income $ 0.85 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.07 million
Total non interest expense $ 0.63 million
Pre-tax Net Operating Income $ 0.25 million

Bank Loan Profile?

The top three loan types in Connections Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Missouri, Connections Bank has a significantly higher percent of 1-4 Family Residential 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 51.62
Multifamily
Mortgages
1.93
Credit Card Loans 0.00
Consumer Auto Loans 0.87
Small Business Loans 0.00
Construction and Development Loans 5.23
Commercial Real Estate 14.46
Commercial and Industrial Loans 3.08
Farm Loans 3.46

Frequently Asked Questions About Connections Bank

Branches and Savings

Is Connections Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58076.

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

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

Why are Connections Bank CD rates not competitive?

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

Is Connections Bank a commercial bank?

Yes

Where are Connections Bank locations?

See branch locations nearby.

Is Connections Bank open on Saturdays?

Is Connections Bank open on Sundays?

What time does Connections Bank open?

What time does Connections Bank close?

Are Connections Bank ATMs Open 24/7?

Do Connections Bank ATMs accept cash deposits?

Can Connections Bank customers use other ATMs?

Do Connections Bank branches have notaries?

Will Connections Bank notarize my document?

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

Will the Connections Bank branch print checks?

Do Connections Bank checks expire?

Does Connections Bank require US citizenship to open account?

Can Connections Bank close my account?

Does Connections Bank Report to credit bureaus?

Does Connections Bank Use Equifax?

What is Connections Bank's ACH Routing Number?

What is Connections Bank's SWIFT code?

Products

Does Connections Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Connections Bank offer personal loans?

Compare personal loan rates here.

Does Connections Bank offer student loans?

Will Connections Bank cash a check?

Will Connections Bank redeem a savings bond?

Does Connections Bank cash savings bonds?

Will Connections Bank cash money orders?

Can Connections Bank issue a money order?

Does Connections Bank do currency exchange?

Background on The Bank

Who owns Connections Bank?

How long has Connections Bank been around?

Can Connections Bank transfer to other banks?

Does Connections Bank have quick pay?

Does Connections Bank accept rolled coins?

Will Connections Bank accept loose change?

Where is Connections Bank headquarters?

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