First State Bank of Okabena (Incorporated)

Headquarters

117 S Minnesota
Okabena, MN 56161
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

First State Bank of Okabena (Incorporated) is an FDIC insured institution located in Okabena, MN. It was founded in 1906 and has approximately $0.02 billion in assets.

FDIC Insured Yes
FDIC Certificate # 1934
Date Established 1906
Assets $ 18.84 million
Loans $ 5.78 million
Deposits $ 16.68 million
Capital $ 2.15 million
 

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

Deposit Rates - September 28, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First State Bank of Okabena (Incorporated)

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More

Featured - Virginia 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
2.990 %
$0 Learn More
More Info

Note to First State Bank of Okabena (Incorporated)
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Branches

First State Bank of Okabena (Incorporated) 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 Okabena (Incorporated) Locations


Financial Details

First State Bank of Okabena (Incorporated) Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First State Bank of Okabena (Incorporated). 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 Okabena (Incorporated) U.S. Bank Average
16.74% 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 State Bank of Okabena (Incorporated) had $390,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,152,000 in equity and $178,000 in loans loss reserves. That gives it a Texas Ratio of 16.74%.

Return on Equity
First State Bank of Okabena (Incorporated) U.S. Bank Average
0.56% 7.80%

First State Bank of Okabena (Incorporated) has a Return on Equity of 0.56% 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 State Bank of Okabena (Incorporated) U.S. Bank Average
11.42% 12.68%

First State Bank of Okabena (Incorporated) has a Capitalization of 11.42% 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 State Bank of Okabena (Incorporated) Balance Sheet Analysis

As of June 30, 2016, First State Bank of Okabena (Incorporated) had assets of $18,474,000, loans of $5,784,000, and deposits of $16,681,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 5.78 million
Loan loss allowance $ 0.18 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 $ 16.68 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 $ 18.84 million

Summary Income Statement

March 31, 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 First State Bank of Okabena (Incorporated)’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Minnesota, First State Bank of Okabena (Incorporated) 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 19.87
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 2.35
Small Business Loans 1.99
Construction and Development Loans 0.00
Commercial Real Estate 14.07
Commercial and Industrial Loans 13.19
Farm Loans 27.80

Frequently Asked Questions About First State Bank Of Okabena (incorporated)

Branches and Savings

Is First State Bank Of Okabena (incorporated) FDIC insured?

Yes. It is covered under FDIC Certificate #1934.

Why does First State Bank Of Okabena (incorporated) 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 Okabena (incorporated) CD rates not competitive?

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

Is First State Bank Of Okabena (incorporated) a commercial bank?

Yes

Where are First State Bank Of Okabena (incorporated) locations?

See branch locations nearby.

Is First State Bank Of Okabena (incorporated) open on Saturdays?

Is First State Bank Of Okabena (incorporated) open on Sundays?

What time does First State Bank Of Okabena (incorporated) open?

What time does First State Bank Of Okabena (incorporated) close?

Are First State Bank Of Okabena (incorporated) ATMs Open 24/7?

Do First State Bank Of Okabena (incorporated) ATMs accept cash deposits?

Can First State Bank Of Okabena (incorporated) customers use other ATMs?

Do First State Bank Of Okabena (incorporated) branches have notaries?

Will First State Bank Of Okabena (incorporated) notarize my document?

What address for First State Bank Of Okabena (incorporated) should I put for incoming ACH transfers?

Will the First State Bank Of Okabena (incorporated) branch print checks?

Do First State Bank Of Okabena (incorporated) checks expire?

Does First State Bank Of Okabena (incorporated) require US citizenship to open account?

Can First State Bank Of Okabena (incorporated) close my account?

Does First State Bank Of Okabena (incorporated) Report to credit bureaus?

Does First State Bank Of Okabena (incorporated) Use Equifax?

What is First State Bank Of Okabena (incorporated)'s ACH Routing Number?

What is First State Bank Of Okabena (incorporated)'s SWIFT code?

Products

Does First State Bank Of Okabena (incorporated) offer mortgages?

Compare mortgage rates here.

Does First State Bank Of Okabena (incorporated) offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First State Bank Of Okabena (incorporated) offer personal loans?

Compare personal loan rates here.

Does First State Bank Of Okabena (incorporated) offer student loans?

Will First State Bank Of Okabena (incorporated) cash a check?

Will First State Bank Of Okabena (incorporated) redeem a savings bond?

Does First State Bank Of Okabena (incorporated) cash savings bonds?

Will First State Bank Of Okabena (incorporated) cash money orders?

Can First State Bank Of Okabena (incorporated) issue a money order?

Does First State Bank Of Okabena (incorporated) do currency exchange?

Background on The Bank

Who owns First State Bank Of Okabena (incorporated)?

How long has First State Bank Of Okabena (incorporated) been around?

Can First State Bank Of Okabena (incorporated) transfer to other banks?

Does First State Bank Of Okabena (incorporated) have quick pay?

Does First State Bank Of Okabena (incorporated) accept rolled coins?

Will First State Bank Of Okabena (incorporated) accept loose change?

Where is First State Bank Of Okabena (incorporated) headquarters?

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