InsurBanc

Headquarters

10 Executive Drive
Farmington, CT 06032
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
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

InsurBanc is an FDIC insured institution located in Farmington, CT. It was founded in 2001 and has approximately $0.18 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57020
Date Established 2001
Assets $ 178.38 million
Loans $ 87.15 million
Deposits $ 146.02 million
Capital $ 20.98 million
 

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

Deposit Rates - October 19, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 19, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for InsurBanc

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
2.574% 2.500% 1.00 $2,445 $988 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
2.240 %
$0 Learn More
More Info

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

Branches

InsurBanc 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


InsurBanc Locations


Financial Details

InsurBanc Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of InsurBanc. 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
InsurBanc U.S. Bank Average
4.04% 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, InsurBanc had $881,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $20,976,000 in equity and $808,000 in loans loss reserves. That gives it a Texas Ratio of 4.04%.

Return on Equity
InsurBanc U.S. Bank Average
3.12% 7.80%

InsurBanc has a Return on Equity of 3.12% 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
InsurBanc U.S. Bank Average
11.76% 12.68%

InsurBanc has a Capitalization of 11.76% 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.

InsurBanc Balance Sheet Analysis

As of March 31, 2013, InsurBanc had assets of $178,383,000, loans of $87,148,000, and deposits of $146,022,000. 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 $ 87.15 million
Loan loss allowance $ 0.81 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 $ 146.02 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 $ 178.38 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 InsurBanc’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Connecticut, InsurBanc has a significantly higher percent of Small Business Loans, 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 16.29
Multifamily
Mortgages
6.04
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 9.46
Construction and Development Loans 3.56
Commercial Real Estate 34.00
Commercial and Industrial Loans 40.90
Farm Loans 0.00

Frequently Asked Questions About Insurbanc

Branches and Savings

Is Insurbanc FDIC insured?

Yes. It is covered under FDIC Certificate #57020.

Why does Insurbanc pay such low interest on savings accounts?

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

Why are Insurbanc CD rates not competitive?

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

Is Insurbanc a commercial bank?

Yes

Where are Insurbanc locations?

See branch locations nearby.

Is Insurbanc open on Saturdays?

Is Insurbanc open on Sundays?

What time does Insurbanc open?

What time does Insurbanc close?

Are Insurbanc ATMs Open 24/7?

Do Insurbanc ATMs accept cash deposits?

Can Insurbanc customers use other ATMs?

Do Insurbanc branches have notaries?

Will Insurbanc notarize my document?

What address for Insurbanc should I put for incoming ACH transfers?

Will the Insurbanc branch print checks?

Do Insurbanc checks expire?

Does Insurbanc require US citizenship to open account?

Can Insurbanc close my account?

Does Insurbanc Report to credit bureaus?

Does Insurbanc Use Equifax?

What is Insurbanc's ACH Routing Number?

What is Insurbanc's SWIFT code?

Products

Does Insurbanc offer mortgages?

Compare mortgage rates here.

Does Insurbanc offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Insurbanc offer personal loans?

Compare personal loan rates here.

Does Insurbanc offer student loans?

Will Insurbanc cash a check?

Will Insurbanc redeem a savings bond?

Does Insurbanc cash savings bonds?

Will Insurbanc cash money orders?

Can Insurbanc issue a money order?

Does Insurbanc do currency exchange?

Background on The Bank

Who owns Insurbanc?

How long has Insurbanc been around?

Can Insurbanc transfer to other banks?

Does Insurbanc have quick pay?

Does Insurbanc accept rolled coins?

Will Insurbanc accept loose change?

Where is Insurbanc headquarters?

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