Homestead Bank

Headquarters

915 Meridian Avenue
Cozad, NE 69130
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.85% 1.15% →
2-Year CD 1.00% 1.26% →
5-Year CD 1.51% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Homestead Bank is an FDIC insured institution located in Cozad, NE. It was founded in 1905 and has approximately $0.27 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 11482
Date Established 1905
Assets $ 270.23 million
Loans $ 176.75 million
Deposits $ 214.20 million
Capital $ 44.13 million
 

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

Deposit Rates - July 8, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $1 $4,999 Learn More
Money Market
0.05% $1 $4,999 Learn More
Money Market
0.05% $1 $24,999 Learn More
Money Market
0.10% $10,000 $24,999 Learn More
Money Market
0.15% $25,000 $49,999 Learn More
Money Market
0.10% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $24,999 Learn More
3 Mo CD
0.25% $25,000 - Learn More
6 Mo CD
0.45% $10,000 $24,999 Learn More
6 Mo CD
0.50% $10,000 $24,999 Learn More
6 Mo CD
0.35% $10,000 $24,999 Learn More
6 Mo CD
0.40% $25,000 - Learn More
6 Mo CD
0.55% $25,000 - Learn More
12 Mo CD
0.50% $10,000 $24,999 Learn More
12 Mo CD
0.80% $10,000 $24,999 Learn More
12 Mo CD
0.70% $10,000 $24,999 Learn More
12 Mo CD
0.55% $25,000 - Learn More
12 Mo CD
0.85% $25,000 - Learn More
18 Mo CD
0.70% $10,000 $24,999 Learn More
18 Mo CD
0.75% $10,000 $24,999 Learn More
18 Mo CD
0.85% $10,000 $24,999 Learn More
18 Mo CD
0.75% $25,000 - Learn More
18 Mo CD
0.90% $25,000 - Learn More
24 Mo CD
0.80% $10,000 $24,999 Learn More
24 Mo CD
0.95% $10,000 $24,999 Learn More
24 Mo CD
0.90% $10,000 $24,999 Learn More
24 Mo CD
0.85% $25,000 - Learn More
24 Mo CD
1.00% $25,000 - Learn More
30 Mo CD
0.85% $10,000 $24,999 Learn More
30 Mo CD
1.00% $10,000 $24,999 Learn More
30 Mo CD
1.05% $10,000 $24,999 Learn More
30 Mo CD
0.90% $25,000 - Learn More
30 Mo CD
1.10% $25,000 - Learn More
36 Mo CD
1.15% $10,000 $24,999 Learn More
36 Mo CD
1.10% $10,000 $24,999 Learn More
36 Mo CD
0.90% $10,000 $24,999 Learn More
36 Mo CD
0.95% $25,000 - Learn More
36 Mo CD
1.21% $25,000 - Learn More
48 Mo CD
1.00% $10,000 $24,999 Learn More
48 Mo CD
1.26% $10,000 $24,999 Learn More
48 Mo CD
1.21% $10,000 $24,999 Learn More
48 Mo CD
1.31% $25,000 - Learn More
48 Mo CD
1.05% $25,000 - Learn More
60 Mo CD
1.31% $10,000 $24,999 Learn More
60 Mo CD
1.36% $10,000 $24,999 Learn More
60 Mo CD
1.51% $10,000 $24,999 Learn More
60 Mo CD
1.36% $25,000 - Learn More
60 Mo CD
1.41% $25,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.75% $1 - Learn MoreShow Less
Fixed IRA
0.80% $500 - Learn MoreShow Less
Fixed IRA
0.90% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.53% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $4,999 Learn MoreShow Less

Loan Rates - July 8, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Homestead 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
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
2.818% 2.750% 0.50 $2,217 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to Homestead Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Homestead 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


Homestead Bank Locations


Financial Details

Homestead Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Homestead 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
Homestead Bank U.S. Bank Average
5.03% 6.51%

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 December 31, 2019, Homestead Bank had $2,358,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $44,129,000 in equity and $2,762,000 in loans loss reserves. That gives it a Texas Ratio of 5.03%.

Return on Equity
Homestead Bank U.S. Bank Average
10.11% 9.41%

Homestead Bank has a Return on Equity of 10.11% versus the BestCashCow average of 9.41%. 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
Homestead Bank U.S. Bank Average
16.33% 12.82%

Homestead Bank has a Capitalization of 16.33% versus the BestCashCow average of 12.82. 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.

Homestead Bank Balance Sheet Analysis

As of December 31, 2019, Homestead Bank had assets of $270,225,000, loans of $176,750,000, and deposits of $214,203,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 20.03 million
Interest-bearing balances $ 12.01 million
Total securities $ 61.10 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 176.75 million
Loan loss allowance $ 2.76 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.38 million
All other assets $ 5.96 million
     Total Assets $ 226.10 million
LIABILITIES
Total deposits $ 214.20 million
      Interest-bearing deposits $ 159.81 million
      Deposits held in domestic offices $ 214.20 million
      % insured (estimated) 82.44%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 10.66 million
Subordinated debt N.A.
All other liabilities $ 1.23 million
      Total Liabilities $ 226.10 million
      Shareholders’ Equity $ 44.13 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 12.07 million
Total Interest Expense $ 1.43 million
Net interest income $ 10.64 million
Provision for loan and lease losses $ 0.30 million
Total non interest income $ 1.94 million
Total non interest expense $ 7.02 million
Pre-tax Net Operating Income $ 5.25 million

Bank Loan Profile?

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

Compared to other banks, Homestead 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 1.99
Multifamily
Mortgages
0.43
Credit Card Loans 0.00
Consumer Auto Loans 0.89
Small Business Loans 6.80
Construction and Development Loans 0.19
Commercial Real Estate 8.79
Commercial and Industrial Loans 9.21
Farm Loans 43.14

Frequently Asked Questions About Homestead Bank

Branches and Savings

Is Homestead Bank FDIC insured?

Yes. It is covered under FDIC Certificate #11482.

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

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

Why are Homestead Bank CD rates not competitive?

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

Is Homestead Bank a commercial bank?

Yes

Where are Homestead Bank locations?

See branch locations nearby.

Is Homestead Bank open on Saturdays?

Is Homestead Bank open on Sundays?

What time does Homestead Bank open?

What time does Homestead Bank close?

Are Homestead Bank ATMs Open 24/7?

Do Homestead Bank ATMs accept cash deposits?

Can Homestead Bank customers use other ATMs?

Do Homestead Bank branches have notaries?

Will Homestead Bank notarize my document?

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

Will the Homestead Bank branch print checks?

Do Homestead Bank checks expire?

Does Homestead Bank require US citizenship to open account?

Can Homestead Bank close my account?

Does Homestead Bank Report to credit bureaus?

Does Homestead Bank Use Equifax?

What is Homestead Bank's ACH Routing Number?

What is Homestead Bank's SWIFT code?

Products

Does Homestead Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Homestead Bank offer personal loans?

Compare personal loan rates here.

Does Homestead Bank offer student loans?

Will Homestead Bank cash a check?

Will Homestead Bank redeem a savings bond?

Does Homestead Bank cash savings bonds?

Will Homestead Bank cash money orders?

Can Homestead Bank issue a money order?

Does Homestead Bank do currency exchange?

Background on The Bank

Who owns Homestead Bank?

How long has Homestead Bank been around?

Can Homestead Bank transfer to other banks?

Does Homestead Bank have quick pay?

Does Homestead Bank accept rolled coins?

Will Homestead Bank accept loose change?

Where is Homestead Bank headquarters?

Customer Reviews for Homestead Bank


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