Deposit Insurance National Bank of New Baltimore

Headquarters

51066 Washington Street
New Baltimore, MI 48047
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.70% →
1-Year CD N.A. 0.71% →
2-Year CD N.A. 0.81% →
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

Deposit Insurance National Bank of New Baltimore is an FDIC insured institution located in New Baltimore, MI. It was founded in 2009 and has approximately $0.16 billion in assets.

FDIC Insured Yes
FDIC Certificate # 59022
Date Established 2009
Assets $ 163.91 million
Loans $ 122.02 million
Deposits $ 38.31 million
Capital $ 1.50 million
 

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

Deposit Rates - January 26, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - January 26, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Deposit Insurance National Bank of New Baltimore

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




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Note to Deposit Insurance National Bank of New Baltimore
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Branches

Deposit Insurance National Bank of New Baltimore 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


Deposit Insurance National Bank of New Baltimore Locations


Financial Details

Deposit Insurance National Bank of New Baltimore Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Deposit Insurance National Bank of New Baltimore. 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
Deposit Insurance National Bank of New Baltimore U.S. Bank Average
138.66% 6.14%

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 September 30, 2020, Deposit Insurance National Bank of New Baltimore had $9,652,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $1,501,000 in equity and $5,460,000 in loans loss reserves. That gives it a Texas Ratio of 138.66%.

Return on Equity
Deposit Insurance National Bank of New Baltimore U.S. Bank Average
-754.83% 9.23%

Deposit Insurance National Bank of New Baltimore has a Return on Equity of -754.83% versus the BestCashCow average of 9.23%. 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
Deposit Insurance National Bank of New Baltimore U.S. Bank Average
0.92% 12.07%

Deposit Insurance National Bank of New Baltimore has a Capitalization of 0.92% versus the BestCashCow average of 12.07. 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.

Deposit Insurance National Bank of New Baltimore Balance Sheet Analysis

As of November 30, -0001, Deposit Insurance National Bank of New Baltimore had assets of $163,907,000, loans of $122,017,000, and deposits of $38,309,000. 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

September 30, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 122.02 million
Loan loss allowance $ 5.46 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 N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 38.31 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 163.91 million

Summary Income Statement

September 30, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Deposit Insurance National Bank of New Baltimore’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Deposit Insurance National Bank of New Baltimore’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Deposit Insurance National Bank Of New Baltimore

Branches and Savings

Is Deposit Insurance National Bank Of New Baltimore FDIC insured?

Yes. It is covered under FDIC Certificate #59022.

Why does Deposit Insurance National Bank Of New Baltimore pay such low interest on savings accounts?

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

Why are Deposit Insurance National Bank Of New Baltimore CD rates not competitive?

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

Is Deposit Insurance National Bank Of New Baltimore a commercial bank?

Yes

Where are Deposit Insurance National Bank Of New Baltimore locations?

See branch locations nearby.

Is Deposit Insurance National Bank Of New Baltimore open on Saturdays?

Is Deposit Insurance National Bank Of New Baltimore open on Sundays?

What time does Deposit Insurance National Bank Of New Baltimore open?

What time does Deposit Insurance National Bank Of New Baltimore close?

Are Deposit Insurance National Bank Of New Baltimore ATMs Open 24/7?

Do Deposit Insurance National Bank Of New Baltimore ATMs accept cash deposits?

Can Deposit Insurance National Bank Of New Baltimore customers use other ATMs?

Do Deposit Insurance National Bank Of New Baltimore branches have notaries?

Will Deposit Insurance National Bank Of New Baltimore notarize my document?

What address for Deposit Insurance National Bank Of New Baltimore should I put for incoming ACH transfers?

Will the Deposit Insurance National Bank Of New Baltimore branch print checks?

Do Deposit Insurance National Bank Of New Baltimore checks expire?

Does Deposit Insurance National Bank Of New Baltimore require US citizenship to open account?

Can Deposit Insurance National Bank Of New Baltimore close my account?

Does Deposit Insurance National Bank Of New Baltimore Report to credit bureaus?

Does Deposit Insurance National Bank Of New Baltimore Use Equifax?

What is Deposit Insurance National Bank Of New Baltimore's ACH Routing Number?

What is Deposit Insurance National Bank Of New Baltimore's SWIFT code?

Products

Does Deposit Insurance National Bank Of New Baltimore offer mortgages?

Compare mortgage rates here.

Does Deposit Insurance National Bank Of New Baltimore offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Deposit Insurance National Bank Of New Baltimore offer personal loans?

Compare personal loan rates here.

Does Deposit Insurance National Bank Of New Baltimore offer student loans?

Will Deposit Insurance National Bank Of New Baltimore cash a check?

Will Deposit Insurance National Bank Of New Baltimore redeem a savings bond?

Does Deposit Insurance National Bank Of New Baltimore cash savings bonds?

Will Deposit Insurance National Bank Of New Baltimore cash money orders?

Can Deposit Insurance National Bank Of New Baltimore issue a money order?

Does Deposit Insurance National Bank Of New Baltimore do currency exchange?

Background on The Bank

Who owns Deposit Insurance National Bank Of New Baltimore?

How long has Deposit Insurance National Bank Of New Baltimore been around?

Can Deposit Insurance National Bank Of New Baltimore transfer to other banks?

Does Deposit Insurance National Bank Of New Baltimore have quick pay?

Does Deposit Insurance National Bank Of New Baltimore accept rolled coins?

Will Deposit Insurance National Bank Of New Baltimore accept loose change?

Where is Deposit Insurance National Bank Of New Baltimore headquarters?

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