First Neodesha Bank


524 Main Street
Neodesha, KS 66757
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Notable Rates APY Vs.Others
Savings N.A. 0.70% →
1-Year CD N.A. 0.75% →
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

First Neodesha Bank is an FDIC insured institution located in Neodesha, KS. It was founded in 1872 and has approximately $0.11 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 4736
Date Established 1872
Assets $ 106.06 million
Loans $ 86.25 million
Deposits $ 97.66 million
Capital $ 10.65 million

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

Deposit Rates - January 22, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - January 22, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Neodesha Bank

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 2021

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Featured - Connecticut Home Equity Line Of Credit Rates 2021

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Note to First Neodesha Bank
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Financial Details

First Neodesha Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Neodesha Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Neodesha Bank U.S. Bank Average
5.48% 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, First Neodesha Bank had $636,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $10,648,000 in equity and $950,000 in loans loss reserves. That gives it a Texas Ratio of 5.48%.

Return on Equity
First Neodesha Bank U.S. Bank Average
17.7% 9.23%

First Neodesha Bank has a Return on Equity of 17.7% 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.

First Neodesha Bank U.S. Bank Average
10.04% 12.07%

First Neodesha Bank has a Capitalization of 10.04% 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.

First Neodesha Bank Balance Sheet Analysis

As of December 31, 2019, First Neodesha Bank had assets of $111,358,000, loans of $86,245,000, and deposits of $97,659,000. 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
Cash & Balances due from depository institutions $ 4.70 million
Interest-bearing balances $ 2.99 million
Total securities $ 17.06 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 86.25 million
Loan loss allowance $ 0.95 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.17 million
All other assets $ 2.01 million
     Total Assets $ 100.71 million
Total deposits $ 97.66 million
      Interest-bearing deposits $ 77.15 million
      Deposits held in domestic offices $ 97.66 million
      % insured (estimated) 80.58%
Federal funds purchased and repurchase agreements $ 1.20 million
Trading liabilities N.A.
Other borrowed funds $ 1.64 million
Subordinated debt N.A.
All other liabilities $ 0.21 million
      Total Liabilities $ 100.71 million
      Shareholders’ Equity $ 5.35 million

Summary Income Statement

September 30, 2020
Total Interest Income $ 4.78 million
Total Interest Expense $ 0.78 million
Net interest income $ 4.00 million
Provision for loan and lease losses $ 0.13 million
Total non interest income $ 0.64 million
Total non interest expense $ 2.59 million
Pre-tax Net Operating Income $ 1.91 million

Bank Loan Profile?

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

Compared to other banks, First Neodesha Bank’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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 28.11
Credit Card Loans 0.00
Consumer Auto Loans 2.90
Small Business Loans 3.53
Construction and Development Loans 1.22
Commercial Real Estate 6.29
Commercial and Industrial Loans 6.38
Farm Loans 25.72

Frequently Asked Questions About First Neodesha Bank

Branches and Savings

Is First Neodesha Bank FDIC insured?

Yes. It is covered under FDIC Certificate #4736.

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

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

Why are First Neodesha Bank CD rates not competitive?

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

Is First Neodesha Bank a commercial bank?


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Does First Neodesha Bank offer mortgages?

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

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Does First Neodesha Bank offer personal loans?

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Background on The Bank

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