Hartwick State Bank

Headquarters

207 Main Street
Hartwick, IA 52232
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 N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Hartwick State Bank is an FDIC insured institution located in Hartwick, IA. It was founded in 1928 and has approximately $0.02 billion in assets.

FDIC Insured Yes
FDIC Certificate # 14015
Date Established 1928
Assets $ 24.26 million
Loans $ 9.51 million
Deposits $ 21.97 million
Capital $ 2.07 million
 

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

Deposit Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Hartwick State Bank

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
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.569% 2.500% 0.88 $2,258 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 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
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2.240 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to Hartwick State Bank
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Branches

Hartwick State 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:
Fairfield,Connecticut


Hartwick State Bank Locations


Financial Details

Hartwick State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Hartwick State 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
Hartwick State Bank U.S. Bank Average
9.38% 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, Hartwick State Bank had $205,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,068,000 in equity and $118,000 in loans loss reserves. That gives it a Texas Ratio of 9.38%.

Return on Equity
Hartwick State Bank U.S. Bank Average
6.35% 7.80%

Hartwick State Bank has a Return on Equity of 6.35% 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
Hartwick State Bank U.S. Bank Average
8.53% 12.68%

Hartwick State Bank has a Capitalization of 8.53% 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.

Hartwick State Bank Balance Sheet Analysis

As of December 31, 2016, Hartwick State Bank had assets of $24,087,000, loans of $9,508,000, and deposits of $21,966,000. 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 $ 9.51 million
Loan loss allowance $ 0.12 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 N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 21.97 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 $ 24.26 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 Hartwick State Bank’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Iowa, Hartwick State Bank has a significantly higher percent of Small Business 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 30.48
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.86
Small Business Loans 6.35
Construction and Development Loans 1.84
Commercial Real Estate 6.35
Commercial and Industrial Loans 6.01
Farm Loans 32.35

Frequently Asked Questions About Hartwick State Bank

Branches and Savings

Is Hartwick State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #14015.

Why does Hartwick State Bank pay such low interest on savings accounts?

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

Why are Hartwick State Bank CD rates not competitive?

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

Is Hartwick State Bank a commercial bank?

Yes

Where are Hartwick State Bank locations?

See branch locations nearby.

Is Hartwick State Bank open on Saturdays?

Is Hartwick State Bank open on Sundays?

What time does Hartwick State Bank open?

What time does Hartwick State Bank close?

Are Hartwick State Bank ATMs Open 24/7?

Do Hartwick State Bank ATMs accept cash deposits?

Can Hartwick State Bank customers use other ATMs?

Do Hartwick State Bank branches have notaries?

Will Hartwick State Bank notarize my document?

What address for Hartwick State Bank should I put for incoming ACH transfers?

Will the Hartwick State Bank branch print checks?

Do Hartwick State Bank checks expire?

Does Hartwick State Bank require US citizenship to open account?

Can Hartwick State Bank close my account?

Does Hartwick State Bank Report to credit bureaus?

Does Hartwick State Bank Use Equifax?

What is Hartwick State Bank's ACH Routing Number?

What is Hartwick State Bank's SWIFT code?

Products

Does Hartwick State Bank offer mortgages?

Compare mortgage rates here.

Does Hartwick State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Hartwick State Bank offer personal loans?

Compare personal loan rates here.

Does Hartwick State Bank offer student loans?

Will Hartwick State Bank cash a check?

Will Hartwick State Bank redeem a savings bond?

Does Hartwick State Bank cash savings bonds?

Will Hartwick State Bank cash money orders?

Can Hartwick State Bank issue a money order?

Does Hartwick State Bank do currency exchange?

Background on The Bank

Who owns Hartwick State Bank?

How long has Hartwick State Bank been around?

Can Hartwick State Bank transfer to other banks?

Does Hartwick State Bank have quick pay?

Does Hartwick State Bank accept rolled coins?

Will Hartwick State Bank accept loose change?

Where is Hartwick State Bank headquarters?

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