DeMotte State Bank

Headquarters

210 South Halleck Street
Demotte, IN 46310
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.30% 0.95% →
2-Year CD 0.50% 1.05% →
5-Year CD 1.21% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

DeMotte State Bank is an FDIC insured institution located in Demotte, IN. It was founded in 1942 and has approximately $0.44 billion in assets. Customers can open an account at one of its 11 branches.

FDIC Insured Yes
FDIC Certificate # 15883
Date Established 1942
Assets $ 442.76 million
Loans $ 238.26 million
Deposits $ 337.34 million
Capital $ 54.81 million
 

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

Deposit Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.01% $10,000 $14,999 Learn More
Money Market
0.01% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
18 Mo CD
0.45% $10,000 $14,999 Learn More
18 Mo CD
0.45% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
30 Mo CD
0.35% $10,000 $14,999 Learn More
30 Mo CD
0.35% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
1.05% $10,000 $14,999 Learn More
48 Mo CD
1.05% $100,000 $199,999 Learn More
60 Mo CD
1.21% $10,000 $14,999 Learn More
60 Mo CD
1.21% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for DeMotte 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
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Virginia 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
2.990 %
$0 Learn More
More Info

Note to DeMotte State Bank
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Branches

DeMotte 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


DeMotte State Bank Locations


Financial Details

DeMotte State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of DeMotte 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
DeMotte State Bank U.S. Bank Average
9.39% 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, DeMotte State Bank had $5,097,000 in non-current loans and $319,000 in owned real estate. To cover these potential losses it had $54,806,000 in equity and $2,900,000 in loans loss reserves. That gives it a Texas Ratio of 9.39%.

Return on Equity
DeMotte State Bank U.S. Bank Average
7.62% 7.80%

DeMotte State Bank has a Return on Equity of 7.62% 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
DeMotte State Bank U.S. Bank Average
12.38% 12.68%

DeMotte State Bank has a Capitalization of 12.38% 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.

DeMotte State Bank Balance Sheet Analysis

As of March 31, 2020, DeMotte State Bank had assets of $442,759,000, loans of $238,259,000, and deposits of $337,337,000. 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 $ 20.54 million
Interest-bearing balances $ 11.22 million
Total securities $ 131.95 million
Federal funds sold and reverse repurchase $ 23.22 million
Net loans and leases $ 238.26 million
Loan loss allowance $ 2.90 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.32 million
Goodwill and other intangibles N.A.
All other assets $ 20.14 million
     Total Assets $ 387.95 million
LIABILITIES
Total deposits $ 337.34 million
      Interest-bearing deposits $ 240.77 million
      Deposits held in domestic offices $ 337.34 million
      % insured (estimated) 79.37%
Federal funds purchased and repurchase agreements $ 0.09 million
Trading liabilities N.A.
Other borrowed funds $ 47.72 million
Subordinated debt N.A.
All other liabilities $ 2.81 million
      Total Liabilities $ 387.95 million
      Shareholders’ Equity $ 54.81 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.47 million
Total Interest Expense $ 0.76 million
Net interest income $ 3.70 million
Provision for loan and lease losses $ 0.07 million
Total non interest income $ 0.69 million
Total non interest expense $ 3.07 million
Pre-tax Net Operating Income $ 1.24 million

Bank Loan Profile?

The top three loan types in DeMotte State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Farm Loans.

Compared to other banks in Indiana, DeMotte State Bank has a significantly higher percent of Construction and Development Loans, 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 26.82
Multifamily
Mortgages
0.44
Credit Card Loans 0.12
Consumer Auto Loans 1.02
Small Business Loans 0.00
Construction and Development Loans 8.55
Commercial Real Estate 10.97
Commercial and Industrial Loans 18.37
Farm Loans 13.67

Frequently Asked Questions About Demotte State Bank

Branches and Savings

Is Demotte State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15883.

Why does Demotte 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 Demotte State Bank CD rates not competitive?

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

Is Demotte State Bank a commercial bank?

Yes

Where are Demotte State Bank locations?

See branch locations nearby.

Is Demotte State Bank open on Saturdays?

Is Demotte State Bank open on Sundays?

What time does Demotte State Bank open?

What time does Demotte State Bank close?

Are Demotte State Bank ATMs Open 24/7?

Do Demotte State Bank ATMs accept cash deposits?

Can Demotte State Bank customers use other ATMs?

Do Demotte State Bank branches have notaries?

Will Demotte State Bank notarize my document?

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

Will the Demotte State Bank branch print checks?

Do Demotte State Bank checks expire?

Does Demotte State Bank require US citizenship to open account?

Can Demotte State Bank close my account?

Does Demotte State Bank Report to credit bureaus?

Does Demotte State Bank Use Equifax?

What is Demotte State Bank's ACH Routing Number?

What is Demotte State Bank's SWIFT code?

Products

Does Demotte State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Demotte State Bank offer personal loans?

Compare personal loan rates here.

Does Demotte State Bank offer student loans?

Will Demotte State Bank cash a check?

Will Demotte State Bank redeem a savings bond?

Does Demotte State Bank cash savings bonds?

Will Demotte State Bank cash money orders?

Can Demotte State Bank issue a money order?

Does Demotte State Bank do currency exchange?

Background on The Bank

Who owns Demotte State Bank?

How long has Demotte State Bank been around?

Can Demotte State Bank transfer to other banks?

Does Demotte State Bank have quick pay?

Does Demotte State Bank accept rolled coins?

Will Demotte State Bank accept loose change?

Where is Demotte State Bank headquarters?

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