Greenfield Banking Company

Headquarters

1920 North State Street
Greenfield, IN 46140
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. 1.30% →
30-Year Mortgage 4.25% 2.80% →
15-Year Mortgage 3.75% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Greenfield Banking Company is an FDIC insured institution located in Greenfield, IN. It was founded in 1871 and has approximately $0.62 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 15632
Date Established 1871
Assets $ 622.02 million
Loans $ 309.83 million
Deposits $ 553.96 million
Capital $ 62.76 million
 

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

Deposit Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

Checking Rates APY MIN FEE
GBC Select Checking 0.00% $300 $6.00 Learn MoreShow Less
Basic Checking 0.00% $0 $4.00 Learn MoreShow Less

Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

Auto Loan Rates APR Rate Monthly Payment
3 Year 3.24% 3.24% $729.68
4 Year 3.50% 3.50% $558.90
5 Year 3.75% 3.75% $457.60
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

Greenfield Banking Company 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


Greenfield Banking Company Locations


Financial Details

Greenfield Banking Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Greenfield Banking Company. 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
Greenfield Banking Company U.S. Bank Average
9.24% 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, Greenfield Banking Company had $6,179,000 in non-current loans and $27,000 in owned real estate. To cover these potential losses it had $62,760,000 in equity and $4,376,000 in loans loss reserves. That gives it a Texas Ratio of 9.24%.

Return on Equity
Greenfield Banking Company U.S. Bank Average
9.12% 7.80%

Greenfield Banking Company has a Return on Equity of 9.12% 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
Greenfield Banking Company U.S. Bank Average
10.09% 12.68%

Greenfield Banking Company has a Capitalization of 10.09% 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.

Greenfield Banking Company Balance Sheet Analysis

As of March 31, 2020, Greenfield Banking Company had assets of $622,017,000, loans of $309,830,000, and deposits of $553,959,000. 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 $ 151.79 million
Interest-bearing balances $ 140.05 million
Total securities $ 140.92 million
Federal funds sold and reverse repurchase $ 2.44 million
Net loans and leases $ 309.83 million
Loan loss allowance $ 4.38 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.03 million
Goodwill and other intangibles $ 0.65 million
All other assets $ 4.52 million
     Total Assets $ 559.26 million
LIABILITIES
Total deposits $ 553.96 million
      Interest-bearing deposits $ 374.17 million
      Deposits held in domestic offices $ 553.96 million
      % insured (estimated) 64.84%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 5.30 million
      Total Liabilities $ 559.26 million
      Shareholders’ Equity $ 62.76 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.19 million
Total Interest Expense $ 0.34 million
Net interest income $ 4.85 million
Provision for loan and lease losses $ 0.48 million
Total non interest income $ 1.17 million
Total non interest expense $ 3.86 million
Pre-tax Net Operating Income $ 1.69 million

Bank Loan Profile?

The top three loan types in Greenfield Banking Company’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Indiana, Greenfield Banking Company has a significantly higher percent of Construction and Development Loans, Commercial Real Estate 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 20.35
Multifamily
Mortgages
3.42
Credit Card Loans 0.00
Consumer Auto Loans 0.66
Small Business Loans 0.00
Construction and Development Loans 11.94
Commercial Real Estate 45.91
Commercial and Industrial Loans 7.83
Farm Loans 3.76

Frequently Asked Questions About Greenfield Banking Company

Branches and Savings

Is Greenfield Banking Company FDIC insured?

Yes. It is covered under FDIC Certificate #15632.

Why does Greenfield Banking Company pay such low interest on savings accounts?

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

Why are Greenfield Banking Company CD rates not competitive?

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

Is Greenfield Banking Company a commercial bank?

Yes

Where are Greenfield Banking Company locations?

See branch locations nearby.

Is Greenfield Banking Company open on Saturdays?

Is Greenfield Banking Company open on Sundays?

What time does Greenfield Banking Company open?

What time does Greenfield Banking Company close?

Are Greenfield Banking Company ATMs Open 24/7?

Do Greenfield Banking Company ATMs accept cash deposits?

Can Greenfield Banking Company customers use other ATMs?

Do Greenfield Banking Company branches have notaries?

Will Greenfield Banking Company notarize my document?

What address for Greenfield Banking Company should I put for incoming ACH transfers?

Will the Greenfield Banking Company branch print checks?

Do Greenfield Banking Company checks expire?

Does Greenfield Banking Company require US citizenship to open account?

Can Greenfield Banking Company close my account?

Does Greenfield Banking Company Report to credit bureaus?

Does Greenfield Banking Company Use Equifax?

What is Greenfield Banking Company's ACH Routing Number?

What is Greenfield Banking Company's SWIFT code?

Products

Does Greenfield Banking Company offer mortgages?

Compare mortgage rates here.

Does Greenfield Banking Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Greenfield Banking Company offer personal loans?

Compare personal loan rates here.

Does Greenfield Banking Company offer student loans?

Will Greenfield Banking Company cash a check?

Will Greenfield Banking Company redeem a savings bond?

Does Greenfield Banking Company cash savings bonds?

Will Greenfield Banking Company cash money orders?

Can Greenfield Banking Company issue a money order?

Does Greenfield Banking Company do currency exchange?

Background on The Bank

Who owns Greenfield Banking Company?

How long has Greenfield Banking Company been around?

Can Greenfield Banking Company transfer to other banks?

Does Greenfield Banking Company have quick pay?

Does Greenfield Banking Company accept rolled coins?

Will Greenfield Banking Company accept loose change?

Where is Greenfield Banking Company headquarters?

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