Crestmark Bank


5480 Corporate Drive, Suite 350
Troy, MI 48098
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Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Crestmark Bank is an FDIC insured institution located in Troy, MI. It was founded in 1996 and has approximately $1.32 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34353
Date Established 1996
Assets $ 1,212.39 million
Loans $ 1,054.92 million
Deposits $ 1,122.27 million
Capital $ 140.54 million

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

Deposit Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Crestmark 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 2021

Lender APR Rate (%) Points Fees Monthly
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Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
Morty, Inc.
NMLS ID: 1429243
2.706% 2.625% 0.63 $2,668 $1,005 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Note to Crestmark Bank
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Financial Details

Crestmark Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Crestmark Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Crestmark Bank U.S. Bank Average
10.53% 5.49%

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 December 31, 2020, Crestmark Bank had $15,878,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $140,543,000 in equity and $10,277,000 in loans loss reserves. That gives it a Texas Ratio of 10.53%.

Return on Equity
Crestmark Bank U.S. Bank Average
18.06% 9.24%

Crestmark Bank has a Return on Equity of 18.06% versus the BestCashCow average of 9.24%. 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.

Crestmark Bank U.S. Bank Average
11.59% 11.96%

Crestmark Bank has a Capitalization of 11.59% versus the BestCashCow average of 11.96. 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.

Crestmark Bank Balance Sheet Analysis

As of June 30, 2018, Crestmark Bank had assets of $1,320,696,000, loans of $1,054,923,000, and deposits of $1,122,266,000. 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

December 31, 2020
Cash & Balances due from depository institutions $ 75.52 million
Interest-bearing balances N.A.
Total securities $ 25.32 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,054.92 million
Loan loss allowance $ 10.28 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 10.62 million
All other assets $ 135.81 million
     Total Assets $ 1,180.15 million
Total deposits $ 1,122.27 million
      Interest-bearing deposits $ 1,122.27 million
      Deposits held in domestic offices $ 1,122.27 million
      % insured (estimated) 94.32%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 26.37 million
Subordinated debt N.A.
All other liabilities $ 31.52 million
      Total Liabilities $ 1,180.15 million
      Shareholders’ Equity $ 32.24 million

Summary Income Statement

December 31, 2020
Total Interest Income $ 61.41 million
Total Interest Expense $ 9.21 million
Net interest income $ 52.20 million
Provision for loan and lease losses $ 3.50 million
Total non interest income $ 25.15 million
Total non interest expense $ 55.63 million
Pre-tax Net Operating Income $ 18.22 million

Bank Loan Profile?

The top three loan types in Crestmark Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Michigan, Crestmark Bank has a significantly higher percent of 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.06
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.08
Construction and Development Loans 0.91
Commercial Real Estate 3.27
Commercial and Industrial Loans 70.05
Farm Loans 0.00

Frequently Asked Questions About Crestmark Bank

Branches and Savings

Is Crestmark Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34353.

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

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

Why are Crestmark Bank CD rates not competitive?

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

Is Crestmark Bank a commercial bank?


Where are Crestmark Bank locations?

See branch locations nearby.

Is Crestmark Bank open on Saturdays?

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Are Crestmark Bank ATMs Open 24/7?

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

Will the Crestmark Bank branch print checks?

Do Crestmark Bank checks expire?

Does Crestmark Bank require US citizenship to open account?

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Does Crestmark Bank Use Equifax?

What is Crestmark Bank's ACH Routing Number?

What is Crestmark Bank's SWIFT code?


Does Crestmark Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Crestmark Bank offer personal loans?

Compare personal loan rates here.

Does Crestmark Bank offer student loans?

Will Crestmark Bank cash a check?

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Background on The Bank

Who owns Crestmark Bank?

How long has Crestmark Bank been around?

Can Crestmark Bank transfer to other banks?

Does Crestmark Bank have quick pay?

Does Crestmark Bank accept rolled coins?

Will Crestmark Bank accept loose change?

Where is Crestmark Bank headquarters?

Customer Reviews for Crestmark Bank

  • October 05, 2017

    Beware, Crestmark Bank charges high rates hit you for illegal fees and then tries to foreclose on a up to date and current loan forcing more fees and interest on the loan. They show gross negligent in performing the proper due diligence on the loan and then blame the borrower for their mistakes.

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