First State Bank of Cando

415 Main Street
Cando, ND 58324

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 15471
Date Established 1888
Assets $0.06 billion
Loans $0.03 billion
Deposits $0.05 billion
Capital $0.01 billion

First State Bank of Cando is an FDIC insured institution located in Cando, ND. It was founded in 1888 and has approximately $0.06 billion in assets. Customers can open an account at one of its 3 branches.

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

Bank Loan Profile?

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

Compared to other banks in North Dakota, First State Bank of Cando has a significantly higher percent of Small Business 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 7.97
Multifamily
Mortgages
3.58
Credit Card Loans 0.00
Consumer Auto Loans 2.88
Small Business Loans 17.82
Construction and Development Loans 5.11
Commercial Real Estate 17.82
Commercial and Industrial Loans 9.26
Farm Loans 25.77

Deposit Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $1,000 $4,999 Learn MoreShow Less
Money Market
0.25% $10,000 $24,999 Learn MoreShow Less
Money Market
0.30% $25,000 $49,999 Learn MoreShow Less
Premium Money Market Account
0.25% $10,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.30% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.50% $500 $24,999 Learn MoreShow Less
3 Mo CD
0.75% $100,000 - Learn MoreShow Less
6 Mo CD
0.70% $500 $24,999 Learn MoreShow Less
6 Mo CD
0.95% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.90% $500 $24,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.20% $500 $24,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $500 $9,999 Learn MoreShow Less

Loan Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First State Bank of Cando

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
4.836% 4.750% 0.00 $2,500 $1,305 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.490% $283.58 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More

Note to First State Bank of Cando
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Branches

First State Bank of Cando 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


First State Bank of Cando Locations

Financial Details

First State Bank of Cando Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First State Bank of Cando. 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 State Bank of Cando U.S. Bank Average
0.11% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2018, First State Bank of Cando had $6,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,376,000 in equity and $272,000 in loans loss reserves. That gives it a Texas Ratio of 0.11%.

Return on Equity
First State Bank of Cando U.S. Bank Average
7.8% 9.77%

First State Bank of Cando has a Return on Equity of 7.8% versus the BestCashCow average of 9.77%. 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 State Bank of Cando U.S. Bank Average
9.3% 12.31%

First State Bank of Cando has a Capitalization of 9.3% versus the BestCashCow average of 12.31. 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 State Bank of Cando Balance Sheet Analysis

As of June 30, 2018, First State Bank of Cando had assets of $57,820,000, loans of $33,613,000, and deposits of $51,167,000. 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

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.03 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.05 billion
LIABILITIES
Total deposits $0.05 billion
      Interest-bearing deposits $0.04 billion
      Deposits held in domestic offices $0.05 billion
      % insured (estimated) 87.92%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.05 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About First State Bank Of Cando

Branches and Savings

Is First State Bank Of Cando FDIC insured?

Yes. It is covered under FDIC Certificate #15471.

Why does First State Bank Of Cando pay such low interest on savings accounts?

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

Why are First State Bank Of Cando CD rates not competitive?

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

Is First State Bank Of Cando a commercial bank?

Yes

Where are First State Bank Of Cando locations?

See branch locations nearby.

Is First State Bank Of Cando open on Saturdays?

Is First State Bank Of Cando open on Sundays?

What time does First State Bank Of Cando open?

What time does First State Bank Of Cando close?

Are First State Bank Of Cando ATMs Open 24/7?

Do First State Bank Of Cando ATMs accept cash deposits?

Can First State Bank Of Cando customers use other ATMs?

Do First State Bank Of Cando branches have notaries?

Will First State Bank Of Cando notarize my document?

What address for First State Bank Of Cando should I put for incoming ACH transfers?

Will the First State Bank Of Cando branch print checks?

Do First State Bank Of Cando checks expire?

Does First State Bank Of Cando require US citizenship to open account?

Can First State Bank Of Cando close my account?

Does First State Bank Of Cando Report to credit bureaus?

Does First State Bank Of Cando Use Equifax?

What is First State Bank Of Cando's ACH Routing Number?

What is First State Bank Of Cando's SWIFT code?

Products

Does First State Bank Of Cando offer mortgages?

Compare mortgage rates here.

Does First State Bank Of Cando offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First State Bank Of Cando offer personal loans?

Compare personal loan rates here.

Does First State Bank Of Cando offer student loans?

Will First State Bank Of Cando cash a check?

Will First State Bank Of Cando redeem a savings bond?

Does First State Bank Of Cando cash savings bonds?

Will First State Bank Of Cando cash money orders?

Can First State Bank Of Cando issue a money order?

Does First State Bank Of Cando do currency exchange?

Background on The Bank

Who owns First State Bank Of Cando?

How long has First State Bank Of Cando been around?

Can First State Bank Of Cando transfer to other banks?

Does First State Bank Of Cando have quick pay?

Does First State Bank Of Cando accept rolled coins?

Will First State Bank Of Cando accept loose change?

Where is First State Bank Of Cando headquarters?

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