Garfield County Bank

Headquarters

444 Main Street
Jordan, MT 59337
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.30% 0.85% →
1-Year CD 0.55% 0.80% →
2-Year CD 0.80% 0.80% →
5-Year CD 1.26% 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

Garfield County Bank is an FDIC insured institution located in Jordan, MT. It was founded in 1960 and has approximately $0.1 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 18164
Date Established 1960
Assets $ 100.11 million
Loans $ 56.28 million
Deposits $ 87.22 million
Capital $ 12.23 million
 

For a more detailed analysis of Garfield County Bank'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

Savings and Money Market Rates APY MIN MAX
Savings
0.30% $2,500 $4,999 Learn More
Money Market
0.50% $2,500 $2,999 Learn More
Money Market
0.50% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.55% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.95% $10,000 $14,999 Learn More
36 Mo CD
0.95% $100,000 $199,999 Learn More
60 Mo CD
1.26% $10,000 $14,999 Learn More
60 Mo CD
1.26% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.30% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for Garfield County Bank

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
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.475% 3.375%
0.75 points
$3,125 fees
$1,106 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Garfield County Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Garfield County Bank 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


Garfield County Bank Locations


Financial Details

Garfield County Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Garfield County Bank. 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
Garfield County Bank U.S. Bank Average
38.93% 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, Garfield County Bank had $5,251,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $12,231,000 in equity and $1,259,000 in loans loss reserves. That gives it a Texas Ratio of 38.93%.

Return on Equity
Garfield County Bank U.S. Bank Average
-2.31% 11.43%

Garfield County Bank has a Return on Equity of -2.31% 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
Garfield County Bank U.S. Bank Average
12.22% 11.51%

Garfield County Bank has a Capitalization of 12.22% 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.

Garfield County Bank Balance Sheet Analysis

As of March 31, 2021, Garfield County Bank had assets of $100,114,000, loans of $56,276,000, and deposits of $87,219,000. 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 $ 6.07 million
Interest-bearing balances $ 3.44 million
Total securities $ 9.82 million
Federal funds sold and reverse repurchase $ 24.58 million
Net loans and leases $ 56.28 million
Loan loss allowance $ 1.26 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 $ 2.20 million
     Total Assets $ 87.88 million
LIABILITIES
Total deposits $ 87.22 million
      Interest-bearing deposits $ 73.45 million
      Deposits held in domestic offices $ 87.22 million
      % insured (estimated) 87.99%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.66 million
      Total Liabilities $ 87.88 million
      Shareholders’ Equity $ 12.23 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 0.75 million
Total Interest Expense $ 0.33 million
Net interest income $ 0.42 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.05 million
Total non interest expense $ 0.54 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Garfield County Bank’s loan portfolio are Farm Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Montana, Garfield County Bank has a significantly higher percent of Credit Card Loans, 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 4.58
Multifamily
Mortgages
0.00
Credit Card Loans 0.44
Consumer Auto Loans 0.84
Small Business Loans 0.00
Construction and Development Loans 0.03
Commercial Real Estate 11.16
Commercial and Industrial Loans 5.33
Farm Loans 51.32

Frequently Asked Questions About Garfield County Bank

Branches and Savings

Is Garfield County Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18164.

Why does Garfield County Bank pay such low interest on savings accounts?

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

Why are Garfield County Bank CD rates not competitive?

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

Is Garfield County Bank a commercial bank?

Yes

Where are Garfield County Bank locations?

See branch locations nearby.

Is Garfield County Bank open on Saturdays?

Is Garfield County Bank open on Sundays?

What time does Garfield County Bank open?

What time does Garfield County Bank close?

Are Garfield County Bank ATMs Open 24/7?

Do Garfield County Bank ATMs accept cash deposits?

Can Garfield County Bank customers use other ATMs?

Do Garfield County Bank branches have notaries?

Will Garfield County Bank notarize my document?

What address for Garfield County Bank should I put for incoming ACH transfers?

Will the Garfield County Bank branch print checks?

Do Garfield County Bank checks expire?

Does Garfield County Bank require US citizenship to open account?

Can Garfield County Bank close my account?

Does Garfield County Bank Report to credit bureaus?

Does Garfield County Bank Use Equifax?

What is Garfield County Bank's ACH Routing Number?

What is Garfield County Bank's SWIFT code?

Products

Does Garfield County Bank offer mortgages?

Compare mortgage rates here.

Does Garfield County Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Garfield County Bank offer personal loans?

Compare personal loan rates here.

Does Garfield County Bank offer student loans?

Will Garfield County Bank cash a check?

Will Garfield County Bank redeem a savings bond?

Does Garfield County Bank cash savings bonds?

Will Garfield County Bank cash money orders?

Can Garfield County Bank issue a money order?

Does Garfield County Bank do currency exchange?

Background on The Bank

Who owns Garfield County Bank?

How long has Garfield County Bank been around?

Can Garfield County Bank transfer to other banks?

Does Garfield County Bank have quick pay?

Does Garfield County Bank accept rolled coins?

Will Garfield County Bank accept loose change?

Where is Garfield County Bank headquarters?

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