Flagship Bank Winsted

Headquarters

110 First Street, North
Winsted, MN 55395
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
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

Flagship Bank Winsted is an FDIC insured institution located in Winsted, MN. It was founded in 1932 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 10170
Date Established 1932
Assets $ 39.05 million
Loans $ 17.04 million
Deposits $ 35.31 million
Capital $ 3.23 million
 

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

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111

 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for Flagship Bank Winsted

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
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The Union Bank Company
NMLS ID: 433131
2.845% 2.750%
0.88 points
$3,144 fees
$1,021 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
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Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
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Third Federal Savings and Loan
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2.240 %
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Note to Flagship Bank Winsted
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Branches

Flagship Bank Winsted 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:
San Diego,California


Flagship Bank Winsted Locations


Financial Details

Flagship Bank Winsted Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Flagship Bank Winsted. 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
Flagship Bank Winsted U.S. Bank Average
17.99% 5.29%

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, 2021, Flagship Bank Winsted had $172,000 in non-current loans and $556,000 in owned real estate. To cover these potential losses it had $3,234,000 in equity and $812,000 in loans loss reserves. That gives it a Texas Ratio of 17.99%.

Return on Equity
Flagship Bank Winsted U.S. Bank Average
-57.11% 11.43%

Flagship Bank Winsted has a Return on Equity of -57.11% versus the BestCashCow average of 11.43%. 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
Flagship Bank Winsted U.S. Bank Average
8.28% 11.51%

Flagship Bank Winsted has a Capitalization of 8.28% versus the BestCashCow average of 11.51. 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.

Flagship Bank Winsted Balance Sheet Analysis

As of March 31, 2013, Flagship Bank Winsted had assets of $39,053,000, loans of $17,038,000, and deposits of $35,306,000. 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, 2021
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 $ 17.04 million
Loan loss allowance $ 0.81 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.56 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 35.31 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 $ 39.05 million

Summary Income Statement

March 31, 2021
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 Flagship Bank Winsted’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Minnesota, Flagship Bank Winsted 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 23.04
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 2.66
Small Business Loans 21.18
Construction and Development Loans 2.66
Commercial Real Estate 27.95
Commercial and Industrial Loans 16.30
Farm Loans 8.49

Frequently Asked Questions About Flagship Bank Winsted

Branches and Savings

Is Flagship Bank Winsted FDIC insured?

Yes. It is covered under FDIC Certificate #10170.

Why does Flagship Bank Winsted pay such low interest on savings accounts?

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

Why are Flagship Bank Winsted CD rates not competitive?

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

Is Flagship Bank Winsted a commercial bank?

Yes

Where are Flagship Bank Winsted locations?

See branch locations nearby.

Is Flagship Bank Winsted open on Saturdays?

Is Flagship Bank Winsted open on Sundays?

What time does Flagship Bank Winsted open?

What time does Flagship Bank Winsted close?

Are Flagship Bank Winsted ATMs Open 24/7?

Do Flagship Bank Winsted ATMs accept cash deposits?

Can Flagship Bank Winsted customers use other ATMs?

Do Flagship Bank Winsted branches have notaries?

Will Flagship Bank Winsted notarize my document?

What address for Flagship Bank Winsted should I put for incoming ACH transfers?

Will the Flagship Bank Winsted branch print checks?

Do Flagship Bank Winsted checks expire?

Does Flagship Bank Winsted require US citizenship to open account?

Can Flagship Bank Winsted close my account?

Does Flagship Bank Winsted Report to credit bureaus?

Does Flagship Bank Winsted Use Equifax?

What is Flagship Bank Winsted's ACH Routing Number?

What is Flagship Bank Winsted's SWIFT code?

Products

Does Flagship Bank Winsted offer mortgages?

Compare mortgage rates here.

Does Flagship Bank Winsted offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Flagship Bank Winsted offer personal loans?

Compare personal loan rates here.

Does Flagship Bank Winsted offer student loans?

Will Flagship Bank Winsted cash a check?

Will Flagship Bank Winsted redeem a savings bond?

Does Flagship Bank Winsted cash savings bonds?

Will Flagship Bank Winsted cash money orders?

Can Flagship Bank Winsted issue a money order?

Does Flagship Bank Winsted do currency exchange?

Background on The Bank

Who owns Flagship Bank Winsted?

How long has Flagship Bank Winsted been around?

Can Flagship Bank Winsted transfer to other banks?

Does Flagship Bank Winsted have quick pay?

Does Flagship Bank Winsted accept rolled coins?

Will Flagship Bank Winsted accept loose change?

Where is Flagship Bank Winsted headquarters?

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