Integrity Bank Plus

Headquarters

726 Main Street
Wabasso, MN 56293
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.95% →
1-Year CD 0.50% 1.01% →
2-Year CD 0.65% 0.95% →
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

Integrity Bank Plus is an FDIC insured institution located in Wabasso, MN. It was founded in 1934 and has approximately $0.07 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 15578
Date Established 1934
Assets $ 66.21 million
Loans $ 45.08 million
Deposits $ 57.35 million
Capital $ 7.99 million
 

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

Deposit Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.65% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More


Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Integrity Bank Plus

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
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.669% 2.625% 0.63 $1,450 $1,005 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 Integrity Bank Plus
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Integrity Bank Plus 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


Integrity Bank Plus Locations


Financial Details

Integrity Bank Plus Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Integrity Bank Plus. 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
Integrity Bank Plus U.S. Bank Average
9.15% 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, Integrity Bank Plus had $830,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $7,994,000 in equity and $1,077,000 in loans loss reserves. That gives it a Texas Ratio of 9.15%.

Return on Equity
Integrity Bank Plus U.S. Bank Average
10.21% 7.80%

Integrity Bank Plus has a Return on Equity of 10.21% 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
Integrity Bank Plus U.S. Bank Average
12.07% 12.68%

Integrity Bank Plus has a Capitalization of 12.07% 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.

Integrity Bank Plus Balance Sheet Analysis

As of March 31, 2020, Integrity Bank Plus had assets of $66,214,000, loans of $45,084,000, and deposits of $57,350,000. 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 $ 3.48 million
Interest-bearing balances $ 3.39 million
Total securities $ 12.74 million
Federal funds sold and reverse repurchase $ 2.86 million
Net loans and leases $ 45.08 million
Loan loss allowance $ 1.08 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.45 million
All other assets $ 1.11 million
     Total Assets $ 58.22 million
LIABILITIES
Total deposits $ 57.35 million
      Interest-bearing deposits $ 42.34 million
      Deposits held in domestic offices $ 57.35 million
      % insured (estimated) 93.93%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.28 million
Subordinated debt N.A.
All other liabilities $ 0.59 million
      Total Liabilities $ 58.22 million
      Shareholders’ Equity $ 7.99 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.80 million
Total Interest Expense $ 0.11 million
Net interest income $ 0.69 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.03 million
Total non interest expense $ 0.52 million
Pre-tax Net Operating Income $ 0.20 million

Bank Loan Profile?

The top three loan types in Integrity Bank Plus’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Minnesota, Integrity Bank Plus has a significantly higher percent of Farm 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 13.61
Multifamily
Mortgages
1.00
Credit Card Loans 0.00
Consumer Auto Loans 0.97
Small Business Loans 0.00
Construction and Development Loans 3.68
Commercial Real Estate 6.76
Commercial and Industrial Loans 7.60
Farm Loans 38.56

Frequently Asked Questions About Integrity Bank Plus

Branches and Savings

Is Integrity Bank Plus FDIC insured?

Yes. It is covered under FDIC Certificate #15578.

Why does Integrity Bank Plus pay such low interest on savings accounts?

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

Why are Integrity Bank Plus CD rates not competitive?

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

Is Integrity Bank Plus a commercial bank?

Yes

Where are Integrity Bank Plus locations?

See branch locations nearby.

Is Integrity Bank Plus open on Saturdays?

Is Integrity Bank Plus open on Sundays?

What time does Integrity Bank Plus open?

What time does Integrity Bank Plus close?

Are Integrity Bank Plus ATMs Open 24/7?

Do Integrity Bank Plus ATMs accept cash deposits?

Can Integrity Bank Plus customers use other ATMs?

Do Integrity Bank Plus branches have notaries?

Will Integrity Bank Plus notarize my document?

What address for Integrity Bank Plus should I put for incoming ACH transfers?

Will the Integrity Bank Plus branch print checks?

Do Integrity Bank Plus checks expire?

Does Integrity Bank Plus require US citizenship to open account?

Can Integrity Bank Plus close my account?

Does Integrity Bank Plus Report to credit bureaus?

Does Integrity Bank Plus Use Equifax?

What is Integrity Bank Plus's ACH Routing Number?

What is Integrity Bank Plus's SWIFT code?

Products

Does Integrity Bank Plus offer mortgages?

Compare mortgage rates here.

Does Integrity Bank Plus offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Integrity Bank Plus offer personal loans?

Compare personal loan rates here.

Does Integrity Bank Plus offer student loans?

Will Integrity Bank Plus cash a check?

Will Integrity Bank Plus redeem a savings bond?

Does Integrity Bank Plus cash savings bonds?

Will Integrity Bank Plus cash money orders?

Can Integrity Bank Plus issue a money order?

Does Integrity Bank Plus do currency exchange?

Background on The Bank

Who owns Integrity Bank Plus?

How long has Integrity Bank Plus been around?

Can Integrity Bank Plus transfer to other banks?

Does Integrity Bank Plus have quick pay?

Does Integrity Bank Plus accept rolled coins?

Will Integrity Bank Plus accept loose change?

Where is Integrity Bank Plus headquarters?

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