Friona State Bank, N.A.

Headquarters

11th Street At Cleveland
Friona, TX 79035
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Friona State Bank, N.A. is an FDIC insured institution located in Friona, TX. It was founded in 1919 and has approximately $0.09 billion in assets.

FDIC Insured Yes
FDIC Certificate # 11908
Date Established 1919
Assets $ 89.19 million
Loans $ 78.91 million
Deposits $ 79.01 million
Capital $ 9.95 million
 

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

Deposit Rates - October 24, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 24, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Friona State Bank, N.A.

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
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.567% 2.500% 0.88 $2,216 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
First Internet Bank
NMLS ID: 424182
2.664% 2.625% 0.50 $1,290 $1,005 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
2.240 %
$0 Learn More
More Info

Note to Friona State Bank, N.A.
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Branches

Friona State Bank, N.A. 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


Friona State Bank, N.A. Locations


Financial Details

Friona State Bank, N.A. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Friona State Bank, N.A.. 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
Friona State Bank, N.A. U.S. Bank Average
11.77% 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, Friona State Bank, N.A. had $597,000 in non-current loans and $671,000 in owned real estate. To cover these potential losses it had $9,952,000 in equity and $824,000 in loans loss reserves. That gives it a Texas Ratio of 11.77%.

Return on Equity
Friona State Bank, N.A. U.S. Bank Average
21.73% 7.80%

Friona State Bank, N.A. has a Return on Equity of 21.73% 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
Friona State Bank, N.A. U.S. Bank Average
11.16% 12.68%

Friona State Bank, N.A. has a Capitalization of 11.16% 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.

Friona State Bank, N.A. Balance Sheet Analysis

As of November 30, -0001, Friona State Bank, N.A. had assets of $89,190,000, loans of $78,908,000, and deposits of $79,005,000. 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 $ 78.91 million
Loan loss allowance $ 0.82 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.67 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 79.01 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 $ 89.19 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 Friona State Bank, N.A.’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Friona State Bank, N.A.’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.

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

Frequently Asked Questions About Friona State Bank, N.a.

Branches and Savings

Is Friona State Bank, N.a. FDIC insured?

Yes. It is covered under FDIC Certificate #11908.

Why does Friona State Bank, N.a. pay such low interest on savings accounts?

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

Why are Friona State Bank, N.a. CD rates not competitive?

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

Is Friona State Bank, N.a. a commercial bank?

Yes

Where are Friona State Bank, N.a. locations?

See branch locations nearby.

Is Friona State Bank, N.a. open on Saturdays?

Is Friona State Bank, N.a. open on Sundays?

What time does Friona State Bank, N.a. open?

What time does Friona State Bank, N.a. close?

Are Friona State Bank, N.a. ATMs Open 24/7?

Do Friona State Bank, N.a. ATMs accept cash deposits?

Can Friona State Bank, N.a. customers use other ATMs?

Do Friona State Bank, N.a. branches have notaries?

Will Friona State Bank, N.a. notarize my document?

What address for Friona State Bank, N.a. should I put for incoming ACH transfers?

Will the Friona State Bank, N.a. branch print checks?

Do Friona State Bank, N.a. checks expire?

Does Friona State Bank, N.a. require US citizenship to open account?

Can Friona State Bank, N.a. close my account?

Does Friona State Bank, N.a. Report to credit bureaus?

Does Friona State Bank, N.a. Use Equifax?

What is Friona State Bank, N.a.'s ACH Routing Number?

What is Friona State Bank, N.a.'s SWIFT code?

Products

Does Friona State Bank, N.a. offer mortgages?

Compare mortgage rates here.

Does Friona State Bank, N.a. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Friona State Bank, N.a. offer personal loans?

Compare personal loan rates here.

Does Friona State Bank, N.a. offer student loans?

Will Friona State Bank, N.a. cash a check?

Will Friona State Bank, N.a. redeem a savings bond?

Does Friona State Bank, N.a. cash savings bonds?

Will Friona State Bank, N.a. cash money orders?

Can Friona State Bank, N.a. issue a money order?

Does Friona State Bank, N.a. do currency exchange?

Background on The Bank

Who owns Friona State Bank, N.a.?

How long has Friona State Bank, N.a. been around?

Can Friona State Bank, N.a. transfer to other banks?

Does Friona State Bank, N.a. have quick pay?

Does Friona State Bank, N.a. accept rolled coins?

Will Friona State Bank, N.a. accept loose change?

Where is Friona State Bank, N.a. headquarters?

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