Gilmer National Bank, Gilmer, Texas

Headquarters

713 Us Highway 271 N
Gilmer, TX 75644
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.75% 1.05% →
1-Year CD 0.90% 0.95% →
2-Year CD 0.96% 1.05% →
5-Year CD 1.06% 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

Gilmer National Bank, Gilmer, Texas is an FDIC insured institution located in Gilmer, TX. It was founded in 1901 and has approximately $0.23 billion in assets.

FDIC Insured Yes
FDIC Certificate # 3219
Date Established 1901
Assets $ 226.54 million
Loans $ 162.75 million
Deposits $ 192.88 million
Capital $ 32.76 million
 

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

Deposit Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.75% $2,500 $4,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.90% $10,000 $14,999 Learn More
12 Mo CD
0.90% $100,000 $199,999 Learn More
18 Mo CD
0.90% $10,000 $14,999 Learn More
18 Mo CD
0.90% $100,000 $199,999 Learn More
24 Mo CD
0.96% $10,000 $14,999 Learn More
24 Mo CD
0.96% $100,000 $199,999 Learn More
36 Mo CD
1.01% $10,000 $14,999 Learn More
36 Mo CD
1.01% $100,000 $199,999 Learn More
60 Mo CD
1.06% $10,000 $14,999 Learn More
60 Mo CD
1.06% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.20% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Gilmer National Bank, Gilmer, Texas

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More

Featured - Connecticut 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 Gilmer National Bank, Gilmer, Texas
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Branches

Gilmer National Bank, Gilmer, Texas 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:
Fairfield,Connecticut


Gilmer National Bank, Gilmer, Texas Locations


Financial Details

Gilmer National Bank, Gilmer, Texas Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gilmer National Bank, Gilmer, Texas. 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
Gilmer National Bank, Gilmer, Texas U.S. Bank Average
10.82% 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, Gilmer National Bank, Gilmer, Texas had $3,664,000 in non-current loans and $179,000 in owned real estate. To cover these potential losses it had $32,755,000 in equity and $2,757,000 in loans loss reserves. That gives it a Texas Ratio of 10.82%.

Return on Equity
Gilmer National Bank, Gilmer, Texas U.S. Bank Average
8.58% 7.80%

Gilmer National Bank, Gilmer, Texas has a Return on Equity of 8.58% 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
Gilmer National Bank, Gilmer, Texas U.S. Bank Average
14.46% 12.68%

Gilmer National Bank, Gilmer, Texas has a Capitalization of 14.46% 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.

Gilmer National Bank, Gilmer, Texas Balance Sheet Analysis

As of March 31, 2020, Gilmer National Bank, Gilmer, Texas had assets of $226,541,000, loans of $162,751,000, and deposits of $192,884,000. 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 $ 28.89 million
Interest-bearing balances $ 22.64 million
Total securities $ 27.60 million
Federal funds sold and reverse repurchase $ 2.48 million
Net loans and leases $ 162.75 million
Loan loss allowance $ 2.76 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.18 million
Goodwill and other intangibles N.A.
All other assets $ 3.21 million
     Total Assets $ 193.79 million
LIABILITIES
Total deposits $ 192.88 million
      Interest-bearing deposits $ 162.08 million
      Deposits held in domestic offices $ 192.88 million
      % insured (estimated) 87.76%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.90 million
      Total Liabilities $ 193.79 million
      Shareholders’ Equity $ 32.76 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.77 million
Total Interest Expense $ 0.63 million
Net interest income $ 2.14 million
Provision for loan and lease losses $ 0.12 million
Total non interest income $ 0.21 million
Total non interest expense $ 1.37 million
Pre-tax Net Operating Income $ 0.87 million

Bank Loan Profile?

The top three loan types in Gilmer National Bank, Gilmer, Texas’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Commercial and Industrial Loans.

Compared to other banks, Gilmer National Bank, Gilmer, Texas’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 27.78
Multifamily
Mortgages
1.01
Credit Card Loans 0.00
Consumer Auto Loans 5.47
Small Business Loans 0.00
Construction and Development Loans 6.21
Commercial Real Estate 13.23
Commercial and Industrial Loans 13.60
Farm Loans 14.77

Frequently Asked Questions About Gilmer National Bank, Gilmer, Texas

Branches and Savings

Is Gilmer National Bank, Gilmer, Texas FDIC insured?

Yes. It is covered under FDIC Certificate #3219.

Why does Gilmer National Bank, Gilmer, Texas pay such low interest on savings accounts?

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

Why are Gilmer National Bank, Gilmer, Texas CD rates not competitive?

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

Is Gilmer National Bank, Gilmer, Texas a commercial bank?

Yes

Where are Gilmer National Bank, Gilmer, Texas locations?

See branch locations nearby.

Is Gilmer National Bank, Gilmer, Texas open on Saturdays?

Is Gilmer National Bank, Gilmer, Texas open on Sundays?

What time does Gilmer National Bank, Gilmer, Texas open?

What time does Gilmer National Bank, Gilmer, Texas close?

Are Gilmer National Bank, Gilmer, Texas ATMs Open 24/7?

Do Gilmer National Bank, Gilmer, Texas ATMs accept cash deposits?

Can Gilmer National Bank, Gilmer, Texas customers use other ATMs?

Do Gilmer National Bank, Gilmer, Texas branches have notaries?

Will Gilmer National Bank, Gilmer, Texas notarize my document?

What address for Gilmer National Bank, Gilmer, Texas should I put for incoming ACH transfers?

Will the Gilmer National Bank, Gilmer, Texas branch print checks?

Do Gilmer National Bank, Gilmer, Texas checks expire?

Does Gilmer National Bank, Gilmer, Texas require US citizenship to open account?

Can Gilmer National Bank, Gilmer, Texas close my account?

Does Gilmer National Bank, Gilmer, Texas Report to credit bureaus?

Does Gilmer National Bank, Gilmer, Texas Use Equifax?

What is Gilmer National Bank, Gilmer, Texas's ACH Routing Number?

What is Gilmer National Bank, Gilmer, Texas's SWIFT code?

Products

Does Gilmer National Bank, Gilmer, Texas offer mortgages?

Compare mortgage rates here.

Does Gilmer National Bank, Gilmer, Texas offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Gilmer National Bank, Gilmer, Texas offer personal loans?

Compare personal loan rates here.

Does Gilmer National Bank, Gilmer, Texas offer student loans?

Will Gilmer National Bank, Gilmer, Texas cash a check?

Will Gilmer National Bank, Gilmer, Texas redeem a savings bond?

Does Gilmer National Bank, Gilmer, Texas cash savings bonds?

Will Gilmer National Bank, Gilmer, Texas cash money orders?

Can Gilmer National Bank, Gilmer, Texas issue a money order?

Does Gilmer National Bank, Gilmer, Texas do currency exchange?

Background on The Bank

Who owns Gilmer National Bank, Gilmer, Texas?

How long has Gilmer National Bank, Gilmer, Texas been around?

Can Gilmer National Bank, Gilmer, Texas transfer to other banks?

Does Gilmer National Bank, Gilmer, Texas have quick pay?

Does Gilmer National Bank, Gilmer, Texas accept rolled coins?

Will Gilmer National Bank, Gilmer, Texas accept loose change?

Where is Gilmer National Bank, Gilmer, Texas headquarters?

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