Currie State Bank

Headquarters

141 Mill Street
Currie, MN 56123
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.91% →
1-Year CD 0.60% 0.85% →
2-Year CD 0.70% 0.95% →
5-Year CD 1.25% 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

Currie State Bank is an FDIC insured institution located in Currie, MN. It was founded in 1931 and has approximately $0.08 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 8833
Date Established 1931
Assets $ 83.84 million
Loans $ 79.58 million
Deposits $ 74.22 million
Capital $ 7.99 million
 

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

Deposit Rates - December 3, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $1 $19,999 Learn More
Money Market
0.20% $2,500 $9,999 Learn More
Money Market
0.25% $10,000 $24,999 Learn More
Money Market
0.30% $25,000 $74,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.40% $500 - Learn More
12 Mo CD
0.60% $500 - Learn More
18 Mo CD
0.65% $500 - Learn More
24 Mo CD
0.70% $500 - Learn More
30 Mo CD
0.85% $500 - Learn More
36 Mo CD
1.00% $10,000 - Learn More
48 Mo CD
1.05% $500 - Learn More
60 Mo CD
1.25% $500 - Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.75% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less
 

Loan Rates - December 3, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Currie State Bank

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
New American Funding
NMLS ID: 6606
2.605% 2.500% 0.75 $3,479 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.500 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Currie State Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Currie State 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:
Ashburn,Virginia


Currie State Bank Locations


Financial Details

Currie State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Currie State 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
Currie State Bank U.S. Bank Average
28.36% 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, Currie State Bank had $2,578,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $7,990,000 in equity and $1,101,000 in loans loss reserves. That gives it a Texas Ratio of 28.36%.

Return on Equity
Currie State Bank U.S. Bank Average
13.4% 7.80%

Currie State Bank has a Return on Equity of 13.4% 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
Currie State Bank U.S. Bank Average
9.53% 12.68%

Currie State Bank has a Capitalization of 9.53% 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.

Currie State Bank Balance Sheet Analysis

As of March 31, 2020, Currie State Bank had assets of $83,844,000, loans of $79,578,000, and deposits of $74,221,000. 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 $ 0.53 million
Interest-bearing balances $ 0.02 million
Total securities $ 0.32 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 79.58 million
Loan loss allowance $ 1.10 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.16 million
All other assets $ 2.37 million
     Total Assets $ 75.85 million
LIABILITIES
Total deposits $ 74.22 million
      Interest-bearing deposits $ 63.04 million
      Deposits held in domestic offices $ 74.22 million
      % insured (estimated) 94.23%
Federal funds purchased and repurchase agreements $ 0.24 million
Trading liabilities N.A.
Other borrowed funds $ 0.86 million
Subordinated debt N.A.
All other liabilities $ 0.54 million
      Total Liabilities $ 75.85 million
      Shareholders’ Equity $ 7.99 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.27 million
Total Interest Expense $ 0.28 million
Net interest income $ 0.99 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.04 million
Total non interest expense $ 0.61 million
Pre-tax Net Operating Income $ 0.39 million

Bank Loan Profile?

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

Compared to other banks in Minnesota, Currie State Bank has a significantly higher percent of Farm 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 6.78
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.68
Small Business Loans 0.00
Construction and Development Loans 0.66
Commercial Real Estate 7.40
Commercial and Industrial Loans 7.19
Farm Loans 37.82

Frequently Asked Questions About Currie State Bank

Branches and Savings

Is Currie State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #8833.

Why does Currie State Bank pay such low interest on savings accounts?

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

Why are Currie State Bank CD rates not competitive?

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

Is Currie State Bank a commercial bank?

Yes

Where are Currie State Bank locations?

See branch locations nearby.

Is Currie State Bank open on Saturdays?

Is Currie State Bank open on Sundays?

What time does Currie State Bank open?

What time does Currie State Bank close?

Are Currie State Bank ATMs Open 24/7?

Do Currie State Bank ATMs accept cash deposits?

Can Currie State Bank customers use other ATMs?

Do Currie State Bank branches have notaries?

Will Currie State Bank notarize my document?

What address for Currie State Bank should I put for incoming ACH transfers?

Will the Currie State Bank branch print checks?

Do Currie State Bank checks expire?

Does Currie State Bank require US citizenship to open account?

Can Currie State Bank close my account?

Does Currie State Bank Report to credit bureaus?

Does Currie State Bank Use Equifax?

What is Currie State Bank's ACH Routing Number?

What is Currie State Bank's SWIFT code?

Products

Does Currie State Bank offer mortgages?

Compare mortgage rates here.

Does Currie State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Currie State Bank offer personal loans?

Compare personal loan rates here.

Does Currie State Bank offer student loans?

Will Currie State Bank cash a check?

Will Currie State Bank redeem a savings bond?

Does Currie State Bank cash savings bonds?

Will Currie State Bank cash money orders?

Can Currie State Bank issue a money order?

Does Currie State Bank do currency exchange?

Background on The Bank

Who owns Currie State Bank?

How long has Currie State Bank been around?

Can Currie State Bank transfer to other banks?

Does Currie State Bank have quick pay?

Does Currie State Bank accept rolled coins?

Will Currie State Bank accept loose change?

Where is Currie State Bank headquarters?

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