InsBank

Headquarters

2106 Crestmoor Road
Nashville, TN 37215
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.65% →
1-Year CD 2.20% 2.02% →
2-Year CD 2.20% 3.00% →
5-Year CD N.A. 3.50% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

InsBank is an FDIC insured institution located in Nashville, TN. It was founded in 2000 and has approximately $0.7 billion in assets.

FDIC Insured Yes
FDIC Certificate # 35521
Date Established 2000
Assets $ 698.07 million
Loans $ 543.44 million
Deposits $ 585.18 million
Capital $ 72.25 million
 

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

Deposit Rates - June 29, 2022

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $0 $10,000 Learn More
Money Market
0.15% $10,000 $75,000 Learn More
CD Rates APY MIN MAX
6 Mo CD
1.00% $2,500 - Learn More
12 Mo CD
2.20% $2,500 - Learn More
18 Mo CD
2.30% $2,500 - Learn More
24 Mo CD
2.20% $2,500 - Learn More
36 Mo CD
2.30% $2,500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - June 29, 2022

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for InsBank

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 2022

Lender APR Rate (%) Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
6.229% 6.125%
1.00 points
$2,765 fees
$1,520 Learn More
First Internet Bank
NMLS ID: 424182
5.433% 5.375%
0.63 points
$1,625 fees
$1,400 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to InsBank
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Branches

InsBank 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


InsBank Locations



Climate Initiatives

InsBank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

InsBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of InsBank. 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
InsBank U.S. Bank Average
3.31% 3.95%

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, 2021, InsBank had $2,655,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $72,250,000 in equity and $8,025,000 in loans loss reserves. That gives it a Texas Ratio of 3.31%.

Return on Equity
InsBank U.S. Bank Average
10.74% 10.50%

InsBank has a Return on Equity of 10.74% versus the BestCashCow average of 10.50%. 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
InsBank U.S. Bank Average
10.35% 11.55%

InsBank has a Capitalization of 10.35% versus the BestCashCow average of 11.55. 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.

InsBank Balance Sheet Analysis

As of December 31, 2021, InsBank had assets of $698,073,000, loans of $543,438,000, and deposits of $585,178,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 78.43 million
Interest-bearing balances $ 73.75 million
Total securities $ 21.61 million
Federal funds sold and reverse repurchase $ 12.00 million
Net loans and leases $ 543.44 million
Loan loss allowance $ 8.03 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 $ 29.52 million
     Total Assets $ 625.82 million
LIABILITIES
Total deposits $ 585.18 million
      Interest-bearing deposits $ 504.81 million
      Deposits held in domestic offices $ 585.18 million
      % insured (estimated) 55.23%
Federal funds purchased and repurchase agreements $ 4.00 million
Trading liabilities N.A.
Other borrowed funds $ 33.40 million
Subordinated debt N.A.
All other liabilities $ 3.24 million
      Total Liabilities $ 625.82 million
      Shareholders’ Equity $ 72.25 million

Summary Income Statement

December 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 24.90 million
Total Interest Expense $ 4.69 million
Net interest income $ 20.21 million
Provision for loan and lease losses $ 1.85 million
Total non interest income $ 2.15 million
Total non interest expense $ 11.40 million
Pre-tax Net Operating Income $ 9.11 million

Bank Loan Profile?

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

Compared to other banks in Tennessee, InsBank has a significantly higher percent of Multifamily Mortgages, Commercial Real Estate, Commercial and Industrial 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 9.71
Multifamily
Mortgages
5.71
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 4.40
Construction and Development Loans 7.72
Commercial Real Estate 47.03
Commercial and Industrial Loans 27.82
Farm Loans 0.00

Customer Reviews for InsBank (6)


  • April 29, 2021 |

    You will not collect any interest and lose a good chunk of the principal. They don't take all of it you will still recover some money. The early withdrawl clause is always part of the terms you acknowledged when opening your CD. Early withdrawl fees are another way the bank makes money so they are adamant in collecting it.

  • April 23, 2021 |

    Online CDs 12 Month Rates

    I got a decent .70% on an an 18 month $22000 CD. The rates have been dropping fast. I learned just a few weeks ago the CD APYs will be right around 0 until 2024. The analyst I quote says these rates may never climb.
    It was quick and easy to take out a CD with this outfit. I did an ACH transfer which went smoothly. I confirmed telephonically with the office and the agent was very helpful and very professional.

  • January 5, 2021 | | Replies 1

    Online CDs 12 Month Rates

    i went to open an account. I discovered the bank is based in Tennessee. TNs two senators are voting to decertify the election. I will not open an account here and neither should you. I wish the bank weren't listed here. We're in payback time now.

    | Jun 29, 2022

    Congratulations, you brought us this crap economy with your woke vote. There is not a pill you can take or a class you can go to.....stupid is forever.

  • December 26, 2020 | | Replies 1

    Online CDs 12 Month Rates

    I found the bank on this site, but I also saw a 30-month CD at 1.15% on their site and that interested me too. I am trying to figure out what the penalty is for early cancellation of the CD if I need my money back. I called and spoke with a nice lady on Christmas eve. She didn't know and noone called back. Does anyone know?

    Bill S. | Jun 29, 2022

    I have a CD from Insbank and penalties for early withdrawal on CDs are given in the Truth In Savings document. The penalty for withdrawal on a 30 month CD is 12 months interest.

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