Exchange State Bank

Headquarters

310 Gabrielson Rd
Luverne, MN 56156
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 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

Exchange State Bank is an FDIC insured institution located in Luverne, MN. It was founded in 1900 and has approximately $0.23 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 8212
Date Established 1900
Assets $ 223.04 million
Loans $ 139.22 million
Deposits $ 188.26 million
Capital $ 17.52 million
 

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

Deposit Rates - September 22, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 22, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Exchange 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

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NMLS ID: 2890
License#: MC-3098
2.816% 2.750% 0.88 $2,132 $1,021 Learn More
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NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

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2.990 %
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3.500 %
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Note to Exchange State Bank
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Branches

Exchange 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


Exchange State Bank Locations


Financial Details

Exchange State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Exchange 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
Exchange State Bank U.S. Bank Average
0% 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, Exchange State Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $17,522,000 in equity and $1,857,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Exchange State Bank U.S. Bank Average
10.15% 7.80%

Exchange State Bank has a Return on Equity of 10.15% 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
Exchange State Bank U.S. Bank Average
7.86% 12.68%

Exchange State Bank has a Capitalization of 7.86% 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.

Exchange State Bank Balance Sheet Analysis

As of December 31, 2018, Exchange State Bank had assets of $226,181,000, loans of $139,217,000, and deposits of $188,259,000. 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 $ 18.74 million
Interest-bearing balances $ 15.20 million
Total securities $ 55.51 million
Federal funds sold and reverse repurchase $ 3.40 million
Net loans and leases $ 139.22 million
Loan loss allowance $ 1.86 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.52 million
All other assets $ 4.73 million
     Total Assets $ 208.66 million
LIABILITIES
Total deposits $ 188.26 million
      Interest-bearing deposits $ 162.46 million
      Deposits held in domestic offices $ 188.26 million
      % insured (estimated) 65.14%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 20.00 million
Subordinated debt N.A.
All other liabilities $ 0.40 million
      Total Liabilities $ 208.66 million
      Shareholders’ Equity $ 14.38 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 8.11 million
Total Interest Expense $ 2.13 million
Net interest income $ 5.98 million
Provision for loan and lease losses $ 0.24 million
Total non interest income $ 0.21 million
Total non interest expense $ 4.11 million
Pre-tax Net Operating Income $ 1.84 million

Bank Loan Profile?

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

Compared to other banks in Minnesota, Exchange 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 4.80
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.79
Small Business Loans 5.65
Construction and Development Loans 1.43
Commercial Real Estate 7.76
Commercial and Industrial Loans 5.23
Farm Loans 31.44

Frequently Asked Questions About Exchange State Bank

Branches and Savings

Is Exchange State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #8212.

Why does Exchange 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 Exchange State Bank CD rates not competitive?

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

Is Exchange State Bank a commercial bank?

Yes

Where are Exchange State Bank locations?

See branch locations nearby.

Is Exchange State Bank open on Saturdays?

Is Exchange State Bank open on Sundays?

What time does Exchange State Bank open?

What time does Exchange State Bank close?

Are Exchange State Bank ATMs Open 24/7?

Do Exchange State Bank ATMs accept cash deposits?

Can Exchange State Bank customers use other ATMs?

Do Exchange State Bank branches have notaries?

Will Exchange State Bank notarize my document?

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

Will the Exchange State Bank branch print checks?

Do Exchange State Bank checks expire?

Does Exchange State Bank require US citizenship to open account?

Can Exchange State Bank close my account?

Does Exchange State Bank Report to credit bureaus?

Does Exchange State Bank Use Equifax?

What is Exchange State Bank's ACH Routing Number?

What is Exchange State Bank's SWIFT code?

Products

Does Exchange State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Exchange State Bank offer personal loans?

Compare personal loan rates here.

Does Exchange State Bank offer student loans?

Will Exchange State Bank cash a check?

Will Exchange State Bank redeem a savings bond?

Does Exchange State Bank cash savings bonds?

Will Exchange State Bank cash money orders?

Can Exchange State Bank issue a money order?

Does Exchange State Bank do currency exchange?

Background on The Bank

Who owns Exchange State Bank?

How long has Exchange State Bank been around?

Can Exchange State Bank transfer to other banks?

Does Exchange State Bank have quick pay?

Does Exchange State Bank accept rolled coins?

Will Exchange State Bank accept loose change?

Where is Exchange State Bank headquarters?

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