Green Belt Bank & Trust

Headquarters

616 Washington Avenue
Iowa Falls, IA 50126
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.40% 1.01% →
2-Year CD 1.85% 0.95% →
5-Year CD 0.95% 1.30% →
30-Year Mortgage 3.73% 2.80% →
15-Year Mortgage 3.44% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Green Belt Bank & Trust is an FDIC insured institution located in Iowa Falls, IA. It was founded in 1986 and has approximately $0.53 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 26760
Date Established 1986
Assets $ 527.28 million
Loans $ 420.95 million
Deposits $ 464.55 million
Capital $ 48.97 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
Special: 24 Mo CD
1.85% $20 - Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
30 Mo CD
0.60% $10,000 $14,999 Learn More
30 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.90% $10,000 $14,999 Learn More
48 Mo CD
0.90% $100,000 $199,999 Learn More
60 Mo CD
0.95% $10,000 $14,999 Learn More
60 Mo CD
0.95% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
VelocitE Rewards Checking 2.00% $500 $3.00 Learn MoreShow Less

Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Green Belt Bank & Trust 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


Green Belt Bank & Trust Locations


Financial Details

Green Belt Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Green Belt Bank & Trust. 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
Green Belt Bank & Trust U.S. Bank Average
9.73% 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, Green Belt Bank & Trust had $3,864,000 in non-current loans and $1,650,000 in owned real estate. To cover these potential losses it had $48,969,000 in equity and $7,685,000 in loans loss reserves. That gives it a Texas Ratio of 9.73%.

Return on Equity
Green Belt Bank & Trust U.S. Bank Average
5.19% 7.80%

Green Belt Bank & Trust has a Return on Equity of 5.19% 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
Green Belt Bank & Trust U.S. Bank Average
9.29% 12.68%

Green Belt Bank & Trust has a Capitalization of 9.29% 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.

Green Belt Bank & Trust Balance Sheet Analysis

As of March 31, 2020, Green Belt Bank & Trust had assets of $527,282,000, loans of $420,952,000, and deposits of $464,554,000. 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 $ 27.59 million
Interest-bearing balances $ 21.71 million
Total securities $ 47.90 million
Federal funds sold and reverse repurchase $ 11.01 million
Net loans and leases $ 420.95 million
Loan loss allowance $ 7.69 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.65 million
Goodwill and other intangibles $ 3.12 million
All other assets $ 10.71 million
     Total Assets $ 478.31 million
LIABILITIES
Total deposits $ 464.55 million
      Interest-bearing deposits $ 425.41 million
      Deposits held in domestic offices $ 464.55 million
      % insured (estimated) 67.71%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 11.85 million
Subordinated debt N.A.
All other liabilities $ 1.91 million
      Total Liabilities $ 478.31 million
      Shareholders’ Equity $ 48.97 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.76 million
Total Interest Expense $ 1.42 million
Net interest income $ 4.34 million
Provision for loan and lease losses $ 1.82 million
Total non interest income $ 0.60 million
Total non interest expense $ 2.46 million
Pre-tax Net Operating Income $ 0.66 million

Bank Loan Profile?

The top three loan types in Green Belt Bank & Trust’s loan portfolio are Farm Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Green Belt Bank & Trust’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 8.86
Multifamily
Mortgages
1.11
Credit Card Loans 0.01
Consumer Auto Loans 1.33
Small Business Loans 0.00
Construction and Development Loans 0.33
Commercial Real Estate 17.45
Commercial and Industrial Loans 11.29
Farm Loans 29.65

Frequently Asked Questions About Green Belt Bank & Trust

Branches and Savings

Is Green Belt Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #26760.

Why does Green Belt Bank & Trust pay such low interest on savings accounts?

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

Why are Green Belt Bank & Trust CD rates not competitive?

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

Is Green Belt Bank & Trust a commercial bank?

Yes

Where are Green Belt Bank & Trust locations?

See branch locations nearby.

Is Green Belt Bank & Trust open on Saturdays?

Is Green Belt Bank & Trust open on Sundays?

What time does Green Belt Bank & Trust open?

What time does Green Belt Bank & Trust close?

Are Green Belt Bank & Trust ATMs Open 24/7?

Do Green Belt Bank & Trust ATMs accept cash deposits?

Can Green Belt Bank & Trust customers use other ATMs?

Do Green Belt Bank & Trust branches have notaries?

Will Green Belt Bank & Trust notarize my document?

What address for Green Belt Bank & Trust should I put for incoming ACH transfers?

Will the Green Belt Bank & Trust branch print checks?

Do Green Belt Bank & Trust checks expire?

Does Green Belt Bank & Trust require US citizenship to open account?

Can Green Belt Bank & Trust close my account?

Does Green Belt Bank & Trust Report to credit bureaus?

Does Green Belt Bank & Trust Use Equifax?

What is Green Belt Bank & Trust's ACH Routing Number?

What is Green Belt Bank & Trust's SWIFT code?

Products

Does Green Belt Bank & Trust offer mortgages?

Compare mortgage rates here.

Does Green Belt Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Green Belt Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Green Belt Bank & Trust offer student loans?

Will Green Belt Bank & Trust cash a check?

Will Green Belt Bank & Trust redeem a savings bond?

Does Green Belt Bank & Trust cash savings bonds?

Will Green Belt Bank & Trust cash money orders?

Can Green Belt Bank & Trust issue a money order?

Does Green Belt Bank & Trust do currency exchange?

Background on The Bank

Who owns Green Belt Bank & Trust?

How long has Green Belt Bank & Trust been around?

Can Green Belt Bank & Trust transfer to other banks?

Does Green Belt Bank & Trust have quick pay?

Does Green Belt Bank & Trust accept rolled coins?

Will Green Belt Bank & Trust accept loose change?

Where is Green Belt Bank & Trust headquarters?

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