Intercredit Bank, National Association

Headquarters

4725 Southwest 8th Street
Miami, FL 33134
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
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

Intercredit Bank, National Association is an FDIC insured institution located in Miami, FL. It was founded in 1984 and has approximately $0.37 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 25258
Date Established 1984
Assets $ 367.52 million
Loans $ 302.84 million
Deposits $ 292.28 million
Capital $ 37.30 million
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Intercredit Bank, National Association

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

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Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to Intercredit Bank, National Association
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Branches

Intercredit Bank, National Association 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


Intercredit Bank, National Association Locations


Financial Details

Intercredit Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Intercredit Bank, National Association. 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
Intercredit Bank, National Association U.S. Bank Average
6.89% 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, Intercredit Bank, National Association had $2,692,000 in non-current loans and $232,000 in owned real estate. To cover these potential losses it had $37,297,000 in equity and $5,150,000 in loans loss reserves. That gives it a Texas Ratio of 6.89%.

Return on Equity
Intercredit Bank, National Association U.S. Bank Average
-4.97% 7.80%

Intercredit Bank, National Association has a Return on Equity of -4.97% 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
Intercredit Bank, National Association U.S. Bank Average
10.15% 12.68%

Intercredit Bank, National Association has a Capitalization of 10.15% 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.

Intercredit Bank, National Association Balance Sheet Analysis

As of March 31, 2020, Intercredit Bank, National Association had assets of $367,518,000, loans of $302,842,000, and deposits of $292,275,000. 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 $ 11.94 million
Interest-bearing balances $ 10.52 million
Total securities $ 44.82 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 302.84 million
Loan loss allowance $ 5.15 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.23 million
Goodwill and other intangibles $ 0.01 million
All other assets $ 6.30 million
     Total Assets $ 330.22 million
LIABILITIES
Total deposits $ 292.28 million
      Interest-bearing deposits $ 233.58 million
      Deposits held in domestic offices $ 292.28 million
      % insured (estimated) 75.18%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 35.00 million
Subordinated debt N.A.
All other liabilities $ 2.95 million
      Total Liabilities $ 330.22 million
      Shareholders’ Equity $ 37.30 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.14 million
Total Interest Expense $ 1.30 million
Net interest income $ 2.84 million
Provision for loan and lease losses $ 0.71 million
Total non interest income $ 0.31 million
Total non interest expense $ 2.99 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks, Intercredit Bank, National Association’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 32.56
Multifamily
Mortgages
6.01
Credit Card Loans 0.03
Consumer Auto Loans 0.73
Small Business Loans 8.22
Construction and Development Loans 3.60
Commercial Real Estate 42.85
Commercial and Industrial Loans 12.78
Farm Loans 0.00

Frequently Asked Questions About Intercredit Bank, National Association

Branches and Savings

Is Intercredit Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #25258.

Why does Intercredit Bank, National Association pay such low interest on savings accounts?

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

Why are Intercredit Bank, National Association CD rates not competitive?

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

Is Intercredit Bank, National Association a commercial bank?

Yes

Where are Intercredit Bank, National Association locations?

See branch locations nearby.

Is Intercredit Bank, National Association open on Saturdays?

Is Intercredit Bank, National Association open on Sundays?

What time does Intercredit Bank, National Association open?

What time does Intercredit Bank, National Association close?

Are Intercredit Bank, National Association ATMs Open 24/7?

Do Intercredit Bank, National Association ATMs accept cash deposits?

Can Intercredit Bank, National Association customers use other ATMs?

Do Intercredit Bank, National Association branches have notaries?

Will Intercredit Bank, National Association notarize my document?

What address for Intercredit Bank, National Association should I put for incoming ACH transfers?

Will the Intercredit Bank, National Association branch print checks?

Do Intercredit Bank, National Association checks expire?

Does Intercredit Bank, National Association require US citizenship to open account?

Can Intercredit Bank, National Association close my account?

Does Intercredit Bank, National Association Report to credit bureaus?

Does Intercredit Bank, National Association Use Equifax?

What is Intercredit Bank, National Association's ACH Routing Number?

What is Intercredit Bank, National Association's SWIFT code?

Products

Does Intercredit Bank, National Association offer mortgages?

Compare mortgage rates here.

Does Intercredit Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Intercredit Bank, National Association offer personal loans?

Compare personal loan rates here.

Does Intercredit Bank, National Association offer student loans?

Will Intercredit Bank, National Association cash a check?

Will Intercredit Bank, National Association redeem a savings bond?

Does Intercredit Bank, National Association cash savings bonds?

Will Intercredit Bank, National Association cash money orders?

Can Intercredit Bank, National Association issue a money order?

Does Intercredit Bank, National Association do currency exchange?

Background on The Bank

Who owns Intercredit Bank, National Association?

How long has Intercredit Bank, National Association been around?

Can Intercredit Bank, National Association transfer to other banks?

Does Intercredit Bank, National Association have quick pay?

Does Intercredit Bank, National Association accept rolled coins?

Will Intercredit Bank, National Association accept loose change?

Where is Intercredit Bank, National Association headquarters?

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