First Central Bank McCook

Headquarters

904 North Highway 83
Mccook, NE 69001
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.95% →
1-Year CD 0.65% 1.01% →
2-Year CD 0.80% 0.95% →
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

First Central Bank McCook is an FDIC insured institution located in Mccook, NE. It was founded in 1999 and has approximately $0.12 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 34995
Date Established 1999
Assets $ 121.20 million
Loans $ 99.68 million
Deposits $ 101.63 million
Capital $ 13.24 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.22% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.30% $10,000 $14,999 Learn More
3 Mo CD
0.30% $100,000 $199,999 Learn More
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.45% $100,000 $199,999 Learn More
12 Mo CD
0.65% $10,000 $14,999 Learn More
12 Mo CD
0.65% $100,000 $199,999 Learn More
18 Mo CD
0.70% $10,000 $14,999 Learn More
18 Mo CD
0.70% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
30 Mo CD
0.90% $10,000 $14,999 Learn More
30 Mo CD
0.90% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.90% $1 $999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.75% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Central Bank McCook

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
2.566% 2.500% 0.88 $2,172 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.570% 2.500% 0.88 $2,312 $988 Learn More

Featured - Connecticut 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
2.240 %
$0 Learn More
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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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Note to First Central Bank McCook
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Branches

First Central Bank McCook 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


First Central Bank McCook Locations


Financial Details

First Central Bank McCook Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Central Bank McCook. 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
First Central Bank McCook U.S. Bank Average
119.22% 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, First Central Bank McCook had $17,845,000 in non-current loans and $432,000 in owned real estate. To cover these potential losses it had $13,235,000 in equity and $2,096,000 in loans loss reserves. That gives it a Texas Ratio of 119.22%.

Return on Equity
First Central Bank McCook U.S. Bank Average
12.49% 7.80%

First Central Bank McCook has a Return on Equity of 12.49% 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
First Central Bank McCook U.S. Bank Average
10.92% 12.68%

First Central Bank McCook has a Capitalization of 10.92% 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.

First Central Bank McCook Balance Sheet Analysis

As of March 31, 2020, First Central Bank McCook had assets of $121,203,000, loans of $99,683,000, and deposits of $101,627,000. 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 $ 2.83 million
Interest-bearing balances $ 0.12 million
Total securities $ 9.59 million
Federal funds sold and reverse repurchase $ 4.70 million
Net loans and leases $ 99.68 million
Loan loss allowance $ 2.10 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.43 million
Goodwill and other intangibles N.A.
All other assets $ 3.20 million
     Total Assets $ 107.97 million
LIABILITIES
Total deposits $ 101.63 million
      Interest-bearing deposits $ 90.33 million
      Deposits held in domestic offices $ 101.63 million
      % insured (estimated) 86.13%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 5.53 million
Subordinated debt N.A.
All other liabilities $ 0.82 million
      Total Liabilities $ 107.97 million
      Shareholders’ Equity $ 13.24 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.61 million
Total Interest Expense $ 0.47 million
Net interest income $ 1.14 million
Provision for loan and lease losses $ 0.08 million
Total non interest income $ 0.20 million
Total non interest expense $ 0.76 million
Pre-tax Net Operating Income $ 0.51 million

Bank Loan Profile?

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

Compared to other banks in Nebraska, First Central Bank McCook 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 4.13
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.81
Small Business Loans 0.00
Construction and Development Loans 1.59
Commercial Real Estate 7.12
Commercial and Industrial Loans 23.03
Farm Loans 46.07

Frequently Asked Questions About First Central Bank Mccook

Branches and Savings

Is First Central Bank Mccook FDIC insured?

Yes. It is covered under FDIC Certificate #34995.

Why does First Central Bank Mccook pay such low interest on savings accounts?

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

Why are First Central Bank Mccook CD rates not competitive?

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

Is First Central Bank Mccook a commercial bank?

Yes

Where are First Central Bank Mccook locations?

See branch locations nearby.

Is First Central Bank Mccook open on Saturdays?

Is First Central Bank Mccook open on Sundays?

What time does First Central Bank Mccook open?

What time does First Central Bank Mccook close?

Are First Central Bank Mccook ATMs Open 24/7?

Do First Central Bank Mccook ATMs accept cash deposits?

Can First Central Bank Mccook customers use other ATMs?

Do First Central Bank Mccook branches have notaries?

Will First Central Bank Mccook notarize my document?

What address for First Central Bank Mccook should I put for incoming ACH transfers?

Will the First Central Bank Mccook branch print checks?

Do First Central Bank Mccook checks expire?

Does First Central Bank Mccook require US citizenship to open account?

Can First Central Bank Mccook close my account?

Does First Central Bank Mccook Report to credit bureaus?

Does First Central Bank Mccook Use Equifax?

What is First Central Bank Mccook's ACH Routing Number?

What is First Central Bank Mccook's SWIFT code?

Products

Does First Central Bank Mccook offer mortgages?

Compare mortgage rates here.

Does First Central Bank Mccook offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Central Bank Mccook offer personal loans?

Compare personal loan rates here.

Does First Central Bank Mccook offer student loans?

Will First Central Bank Mccook cash a check?

Will First Central Bank Mccook redeem a savings bond?

Does First Central Bank Mccook cash savings bonds?

Will First Central Bank Mccook cash money orders?

Can First Central Bank Mccook issue a money order?

Does First Central Bank Mccook do currency exchange?

Background on The Bank

Who owns First Central Bank Mccook?

How long has First Central Bank Mccook been around?

Can First Central Bank Mccook transfer to other banks?

Does First Central Bank Mccook have quick pay?

Does First Central Bank Mccook accept rolled coins?

Will First Central Bank Mccook accept loose change?

Where is First Central Bank Mccook headquarters?

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