Core Bank

Headquarters

17807 Burke Street
Omaha, NE 68118
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

Core Bank is an FDIC insured institution located in Omaha, NE. It was founded in 1996 and has approximately $0.64 billion in assets. Customers can open an account at one of its 10 branches.

FDIC Insured Yes
FDIC Certificate # 34363
Date Established 1996
Assets $ 639.97 million
Loans $ 525.98 million
Deposits $ 583.20 million
Capital $ 52.42 million
 

For a more detailed analysis of Core 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 Core 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
AimLoan.com
NMLS ID: 2890
License#: 13256
2.557% 2.500% 0.75 $1,868 $988 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
2.240 %
$0 Learn More
More Info

Note to Core Bank
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Branches

Core 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


Core Bank Locations


Financial Details

Core Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Core 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
Core Bank U.S. Bank Average
12.09% 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, Core Bank had $7,183,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $52,422,000 in equity and $6,986,000 in loans loss reserves. That gives it a Texas Ratio of 12.09%.

Return on Equity
Core Bank U.S. Bank Average
7.11% 7.80%

Core Bank has a Return on Equity of 7.11% 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
Core Bank U.S. Bank Average
8.19% 12.68%

Core Bank has a Capitalization of 8.19% 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.

Core Bank Balance Sheet Analysis

As of March 31, 2020, Core Bank had assets of $639,973,000, loans of $525,976,000, and deposits of $583,203,000. 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 $ 28.82 million
Interest-bearing balances $ 19.75 million
Total securities $ 42.90 million
Federal funds sold and reverse repurchase $ 0.37 million
Net loans and leases $ 525.98 million
Loan loss allowance $ 6.99 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.29 million
All other assets $ 14.75 million
     Total Assets $ 587.55 million
LIABILITIES
Total deposits $ 583.20 million
      Interest-bearing deposits $ 473.72 million
      Deposits held in domestic offices $ 583.20 million
      % insured (estimated) 69.90%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 4.35 million
      Total Liabilities $ 587.55 million
      Shareholders’ Equity $ 52.42 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 7.13 million
Total Interest Expense $ 1.43 million
Net interest income $ 5.70 million
Provision for loan and lease losses $ 0.25 million
Total non interest income $ 2.41 million
Total non interest expense $ 6.77 million
Pre-tax Net Operating Income $ 1.09 million

Bank Loan Profile?

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

Compared to other banks in Nebraska, Core Bank has a significantly higher percent of Multifamily Mortgages, Construction and Development Loans, Commercial Real Estate, Commercial and Industrial 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 22.28
Multifamily
Mortgages
8.07
Credit Card Loans 0.00
Consumer Auto Loans 0.07
Small Business Loans 0.00
Construction and Development Loans 17.84
Commercial Real Estate 27.15
Commercial and Industrial Loans 23.18
Farm Loans 0.00

Frequently Asked Questions About Core Bank

Branches and Savings

Is Core Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34363.

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

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

Why are Core Bank CD rates not competitive?

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

Is Core Bank a commercial bank?

Yes

Where are Core Bank locations?

See branch locations nearby.

Is Core Bank open on Saturdays?

Is Core Bank open on Sundays?

What time does Core Bank open?

What time does Core Bank close?

Are Core Bank ATMs Open 24/7?

Do Core Bank ATMs accept cash deposits?

Can Core Bank customers use other ATMs?

Do Core Bank branches have notaries?

Will Core Bank notarize my document?

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

Will the Core Bank branch print checks?

Do Core Bank checks expire?

Does Core Bank require US citizenship to open account?

Can Core Bank close my account?

Does Core Bank Report to credit bureaus?

Does Core Bank Use Equifax?

What is Core Bank's ACH Routing Number?

What is Core Bank's SWIFT code?

Products

Does Core Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Core Bank offer personal loans?

Compare personal loan rates here.

Does Core Bank offer student loans?

Will Core Bank cash a check?

Will Core Bank redeem a savings bond?

Does Core Bank cash savings bonds?

Will Core Bank cash money orders?

Can Core Bank issue a money order?

Does Core Bank do currency exchange?

Background on The Bank

Who owns Core Bank?

How long has Core Bank been around?

Can Core Bank transfer to other banks?

Does Core Bank have quick pay?

Does Core Bank accept rolled coins?

Will Core Bank accept loose change?

Where is Core Bank headquarters?

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