HealthBenefit Bank d/b/a Blue Healthcare Bank

Headquarters

200 W. Civic Center Drive, Suite 202
Sandy, UT 84070
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
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

HealthBenefit Bank d/b/a Blue Healthcare Bank is an FDIC insured institution located in Sandy, UT. It was founded in 2007 and has approximately $0.01 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58551
Date Established 2007
Assets $ 14.36 million
Loans N.A.
Deposits $ 0.09 million
Capital $ 8.90 million
 

For a more detailed analysis of HealthBenefit Bank d/b/a Blue Healthcare Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 31, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 31, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for HealthBenefit Bank d/b/a Blue Healthcare Bank

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.558% 2.500% 0.75 $1,908 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia 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
2.240 %
$0 Learn More
More Info

Note to HealthBenefit Bank d/b/a Blue Healthcare Bank
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Branches

HealthBenefit Bank d/b/a Blue Healthcare 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:
Ashburn,Virginia


HealthBenefit Bank d/b/a Blue Healthcare Bank Locations


Financial Details

HealthBenefit Bank d/b/a Blue Healthcare Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of HealthBenefit Bank d/b/a Blue Healthcare 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
HealthBenefit Bank d/b/a Blue Healthcare Bank U.S. Bank Average
0% 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, HealthBenefit Bank d/b/a Blue Healthcare Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,899,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
HealthBenefit Bank d/b/a Blue Healthcare Bank U.S. Bank Average
-98.7% 7.80%

HealthBenefit Bank d/b/a Blue Healthcare Bank has a Return on Equity of -98.7% 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
HealthBenefit Bank d/b/a Blue Healthcare Bank U.S. Bank Average
61.96% 12.68%

HealthBenefit Bank d/b/a Blue Healthcare Bank has a Capitalization of 61.96% 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.

HealthBenefit Bank d/b/a Blue Healthcare Bank Balance Sheet Analysis

As of November 30, -0001, HealthBenefit Bank d/b/a Blue Healthcare Bank had assets of $14,363,000, loans of $0, and deposits of $89,000. 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 N.A.
Loan loss allowance N.A.
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 $ 0.09 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 $ 14.36 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 HealthBenefit Bank d/b/a Blue Healthcare Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, HealthBenefit Bank d/b/a Blue Healthcare Bank’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 nan
Multifamily
Mortgages
nan
Credit Card Loans nan
Consumer Auto Loans nan
Small Business Loans nan
Construction and Development Loans nan
Commercial Real Estate nan
Commercial and Industrial Loans nan
Farm Loans nan

Frequently Asked Questions About Healthbenefit Bank D/b/a Blue Healthcare Bank

Branches and Savings

Is Healthbenefit Bank D/b/a Blue Healthcare Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58551.

Why does Healthbenefit Bank D/b/a Blue Healthcare Bank pay such low interest on savings accounts?

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

Why are Healthbenefit Bank D/b/a Blue Healthcare Bank CD rates not competitive?

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

Is Healthbenefit Bank D/b/a Blue Healthcare Bank a commercial bank?

Yes

Where are Healthbenefit Bank D/b/a Blue Healthcare Bank locations?

See branch locations nearby.

Is Healthbenefit Bank D/b/a Blue Healthcare Bank open on Saturdays?

Is Healthbenefit Bank D/b/a Blue Healthcare Bank open on Sundays?

What time does Healthbenefit Bank D/b/a Blue Healthcare Bank open?

What time does Healthbenefit Bank D/b/a Blue Healthcare Bank close?

Are Healthbenefit Bank D/b/a Blue Healthcare Bank ATMs Open 24/7?

Do Healthbenefit Bank D/b/a Blue Healthcare Bank ATMs accept cash deposits?

Can Healthbenefit Bank D/b/a Blue Healthcare Bank customers use other ATMs?

Do Healthbenefit Bank D/b/a Blue Healthcare Bank branches have notaries?

Will Healthbenefit Bank D/b/a Blue Healthcare Bank notarize my document?

What address for Healthbenefit Bank D/b/a Blue Healthcare Bank should I put for incoming ACH transfers?

Will the Healthbenefit Bank D/b/a Blue Healthcare Bank branch print checks?

Do Healthbenefit Bank D/b/a Blue Healthcare Bank checks expire?

Does Healthbenefit Bank D/b/a Blue Healthcare Bank require US citizenship to open account?

Can Healthbenefit Bank D/b/a Blue Healthcare Bank close my account?

Does Healthbenefit Bank D/b/a Blue Healthcare Bank Report to credit bureaus?

Does Healthbenefit Bank D/b/a Blue Healthcare Bank Use Equifax?

What is Healthbenefit Bank D/b/a Blue Healthcare Bank's ACH Routing Number?

What is Healthbenefit Bank D/b/a Blue Healthcare Bank's SWIFT code?

Products

Does Healthbenefit Bank D/b/a Blue Healthcare Bank offer mortgages?

Compare mortgage rates here.

Does Healthbenefit Bank D/b/a Blue Healthcare Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Healthbenefit Bank D/b/a Blue Healthcare Bank offer personal loans?

Compare personal loan rates here.

Does Healthbenefit Bank D/b/a Blue Healthcare Bank offer student loans?

Will Healthbenefit Bank D/b/a Blue Healthcare Bank cash a check?

Will Healthbenefit Bank D/b/a Blue Healthcare Bank redeem a savings bond?

Does Healthbenefit Bank D/b/a Blue Healthcare Bank cash savings bonds?

Will Healthbenefit Bank D/b/a Blue Healthcare Bank cash money orders?

Can Healthbenefit Bank D/b/a Blue Healthcare Bank issue a money order?

Does Healthbenefit Bank D/b/a Blue Healthcare Bank do currency exchange?

Background on The Bank

Who owns Healthbenefit Bank D/b/a Blue Healthcare Bank?

How long has Healthbenefit Bank D/b/a Blue Healthcare Bank been around?

Can Healthbenefit Bank D/b/a Blue Healthcare Bank transfer to other banks?

Does Healthbenefit Bank D/b/a Blue Healthcare Bank have quick pay?

Does Healthbenefit Bank D/b/a Blue Healthcare Bank accept rolled coins?

Will Healthbenefit Bank D/b/a Blue Healthcare Bank accept loose change?

Where is Healthbenefit Bank D/b/a Blue Healthcare Bank headquarters?

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