Continental National Bank

Headquarters

1801 S.W. 1st Street
Miami, FL 33135
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 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

Continental National Bank is an FDIC insured institution located in Miami, FL. It was founded in 1974 and has approximately $0.46 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 21578
Date Established 1974
Assets $ 476.21 million
Loans $ 322.49 million
Deposits $ 400.35 million
Capital $ 41.69 million
 

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

Deposit Rates - November 24, 2020

Your Current Location: Connecticut, CT 06828

 

Loan Rates - November 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Continental National 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

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2.587% 2.500% 1.00 $2,875 $988 Learn More
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Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to Continental National Bank
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Branches

Continental National 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


Continental National Bank Locations


Financial Details

Continental National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Continental National 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
Continental National Bank U.S. Bank Average
2.63% 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, Continental National Bank had $1,198,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $41,690,000 in equity and $3,800,000 in loans loss reserves. That gives it a Texas Ratio of 2.63%.

Return on Equity
Continental National Bank U.S. Bank Average
6.09% 7.80%

Continental National Bank has a Return on Equity of 6.09% 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
Continental National Bank U.S. Bank Average
8.75% 12.68%

Continental National Bank has a Capitalization of 8.75% 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.

Continental National Bank Balance Sheet Analysis

As of September 30, 2019, Continental National Bank had assets of $456,952,000, loans of $322,489,000, and deposits of $400,346,000. 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 $ 44.91 million
Interest-bearing balances $ 36.84 million
Total securities $ 82.13 million
Federal funds sold and reverse repurchase $ 0.15 million
Net loans and leases $ 322.49 million
Loan loss allowance $ 3.80 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 $ 5.70 million
     Total Assets $ 415.26 million
LIABILITIES
Total deposits $ 400.35 million
      Interest-bearing deposits $ 375.88 million
      Deposits held in domestic offices $ 400.35 million
      % insured (estimated) 39.64%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 11.21 million
Subordinated debt N.A.
All other liabilities $ 3.71 million
      Total Liabilities $ 415.26 million
      Shareholders’ Equity $ 60.95 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 15.42 million
Total Interest Expense $ 3.53 million
Net interest income $ 11.89 million
Provision for loan and lease losses N.A.
Total non interest income $ 6.37 million
Total non interest expense $ 14.93 million
Pre-tax Net Operating Income $ 3.51 million

Bank Loan Profile?

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

Compared to other banks in Florida, Continental National Bank has a significantly higher percent of Multifamily Mortgages, Consumer Auto Loans, Small Business Loans, Construction and Development 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 25.56
Multifamily
Mortgages
13.95
Credit Card Loans 0.00
Consumer Auto Loans 6.09
Small Business Loans 12.62
Construction and Development Loans 12.20
Commercial Real Estate 41.11
Commercial and Industrial Loans 2.11
Farm Loans 0.00

Frequently Asked Questions About Continental National Bank

Branches and Savings

Is Continental National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #21578.

Why does Continental National Bank pay such low interest on savings accounts?

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

Why are Continental National Bank CD rates not competitive?

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

Is Continental National Bank a commercial bank?

Yes

Where are Continental National Bank locations?

See branch locations nearby.

Is Continental National Bank open on Saturdays?

Is Continental National Bank open on Sundays?

What time does Continental National Bank open?

What time does Continental National Bank close?

Are Continental National Bank ATMs Open 24/7?

Do Continental National Bank ATMs accept cash deposits?

Can Continental National Bank customers use other ATMs?

Do Continental National Bank branches have notaries?

Will Continental National Bank notarize my document?

What address for Continental National Bank should I put for incoming ACH transfers?

Will the Continental National Bank branch print checks?

Do Continental National Bank checks expire?

Does Continental National Bank require US citizenship to open account?

Can Continental National Bank close my account?

Does Continental National Bank Report to credit bureaus?

Does Continental National Bank Use Equifax?

What is Continental National Bank's ACH Routing Number?

What is Continental National Bank's SWIFT code?

Products

Does Continental National Bank offer mortgages?

Compare mortgage rates here.

Does Continental National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Continental National Bank offer personal loans?

Compare personal loan rates here.

Does Continental National Bank offer student loans?

Will Continental National Bank cash a check?

Will Continental National Bank redeem a savings bond?

Does Continental National Bank cash savings bonds?

Will Continental National Bank cash money orders?

Can Continental National Bank issue a money order?

Does Continental National Bank do currency exchange?

Background on The Bank

Who owns Continental National Bank?

How long has Continental National Bank been around?

Can Continental National Bank transfer to other banks?

Does Continental National Bank have quick pay?

Does Continental National Bank accept rolled coins?

Will Continental National Bank accept loose change?

Where is Continental National Bank headquarters?

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