Hillsboro Bank

Headquarters

509 West Alexander Street
Plant City, FL 33566
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 1.05% →
1-Year CD 0.40% 0.95% →
2-Year CD 0.65% 1.05% →
5-Year CD 1.00% 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

Hillsboro Bank is an FDIC insured institution located in Plant City, FL. It was founded in 1998 and has approximately $0.15 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 34747
Date Established 1998
Assets $ 153.73 million
Loans $ 77.31 million
Deposits $ 132.59 million
Capital $ 19.91 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $1 - Learn More
Money Market
0.15% $1 $9,999 Learn More
Money Market
0.15% $10,000 $24,999 Learn More
Money Market
0.15% $25,000 $49,999 Learn More
Premium Money Market Account
0.15% $10,000 $24,999 Learn More
Premium Money Market Account
0.15% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $1 - Learn More
6 Mo CD
0.25% $1 - Learn More
12 Mo CD
0.40% $1 - Learn More
18 Mo CD
0.50% $1 - Learn More
24 Mo CD
0.65% $1 - Learn More
36 Mo CD
0.75% $1 - Learn More
48 Mo CD
0.85% $1 - Learn More
60 Mo CD
1.00% $1 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.40% $1 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.50% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 - Learn MoreShow Less

Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Hillsboro 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
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 Hillsboro Bank
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Branches

Hillsboro 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


Hillsboro Bank Locations


Financial Details

Hillsboro Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Hillsboro 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
Hillsboro 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, Hillsboro Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $19,910,000 in equity and $1,026,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Hillsboro Bank U.S. Bank Average
9.22% 7.80%

Hillsboro Bank has a Return on Equity of 9.22% 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
Hillsboro Bank U.S. Bank Average
12.95% 12.68%

Hillsboro Bank has a Capitalization of 12.95% 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.

Hillsboro Bank Balance Sheet Analysis

As of March 31, 2020, Hillsboro Bank had assets of $153,725,000, loans of $77,310,000, and deposits of $132,594,000. 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 $ 31.86 million
Interest-bearing balances $ 27.32 million
Total securities $ 33.75 million
Federal funds sold and reverse repurchase $ 2.39 million
Net loans and leases $ 77.31 million
Loan loss allowance $ 1.03 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 $ 4.91 million
     Total Assets $ 133.82 million
LIABILITIES
Total deposits $ 132.59 million
      Interest-bearing deposits $ 75.19 million
      Deposits held in domestic offices $ 132.59 million
      % insured (estimated) 63.49%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.22 million
      Total Liabilities $ 133.82 million
      Shareholders’ Equity $ 19.91 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.43 million
Total Interest Expense $ 0.15 million
Net interest income $ 1.28 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.06 million
Total non interest expense $ 0.76 million
Pre-tax Net Operating Income $ 0.59 million

Bank Loan Profile?

The top three loan types in Hillsboro Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Hillsboro 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 42.67
Multifamily
Mortgages
5.02
Credit Card Loans 0.00
Consumer Auto Loans 1.45
Small Business Loans 0.00
Construction and Development Loans 6.29
Commercial Real Estate 30.19
Commercial and Industrial Loans 12.90
Farm Loans 0.72

Frequently Asked Questions About Hillsboro Bank

Branches and Savings

Is Hillsboro Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34747.

Why does Hillsboro Bank pay such low interest on savings accounts?

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

Why are Hillsboro Bank CD rates not competitive?

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

Is Hillsboro Bank a commercial bank?

Yes

Where are Hillsboro Bank locations?

See branch locations nearby.

Is Hillsboro Bank open on Saturdays?

Is Hillsboro Bank open on Sundays?

What time does Hillsboro Bank open?

What time does Hillsboro Bank close?

Are Hillsboro Bank ATMs Open 24/7?

Do Hillsboro Bank ATMs accept cash deposits?

Can Hillsboro Bank customers use other ATMs?

Do Hillsboro Bank branches have notaries?

Will Hillsboro Bank notarize my document?

What address for Hillsboro Bank should I put for incoming ACH transfers?

Will the Hillsboro Bank branch print checks?

Do Hillsboro Bank checks expire?

Does Hillsboro Bank require US citizenship to open account?

Can Hillsboro Bank close my account?

Does Hillsboro Bank Report to credit bureaus?

Does Hillsboro Bank Use Equifax?

What is Hillsboro Bank's ACH Routing Number?

What is Hillsboro Bank's SWIFT code?

Products

Does Hillsboro Bank offer mortgages?

Compare mortgage rates here.

Does Hillsboro Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Hillsboro Bank offer personal loans?

Compare personal loan rates here.

Does Hillsboro Bank offer student loans?

Will Hillsboro Bank cash a check?

Will Hillsboro Bank redeem a savings bond?

Does Hillsboro Bank cash savings bonds?

Will Hillsboro Bank cash money orders?

Can Hillsboro Bank issue a money order?

Does Hillsboro Bank do currency exchange?

Background on The Bank

Who owns Hillsboro Bank?

How long has Hillsboro Bank been around?

Can Hillsboro Bank transfer to other banks?

Does Hillsboro Bank have quick pay?

Does Hillsboro Bank accept rolled coins?

Will Hillsboro Bank accept loose change?

Where is Hillsboro Bank headquarters?

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