Interstate Federal Savings and Loan Association of McGregor

Headquarters

154 Main St
Mcgregor, IA 52157
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

Interstate Federal Savings and Loan Association of McGregor is an FDIC insured institution located in Mcgregor, IA. It was founded in 1935 and has approximately $0.01 billion in assets.

FDIC Insured Yes
FDIC Certificate # 29501
Date Established 1935
Assets $ 8.45 million
Loans $ 6.50 million
Deposits $ 5.59 million
Capital $ 1.73 million
 

For a more detailed analysis of Interstate Federal Savings and Loan Association of McGregor's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 26, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 26, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Interstate Federal Savings and Loan Association of McGregor

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

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NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 Learn More
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NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

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Third Federal Savings and Loans
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2.990 %
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Note to Interstate Federal Savings and Loan Association of McGregor
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Branches

Interstate Federal Savings and Loan Association of McGregor 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


Interstate Federal Savings and Loan Association of McGregor Locations


Financial Details

Interstate Federal Savings and Loan Association of McGregor Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Interstate Federal Savings and Loan Association of McGregor. 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
Interstate Federal Savings and Loan Association of McGregor U.S. Bank Average
0% 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, Interstate Federal Savings and Loan Association of McGregor had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $1,732,000 in equity and $105,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Interstate Federal Savings and Loan Association of McGregor U.S. Bank Average
-0.92% 7.80%

Interstate Federal Savings and Loan Association of McGregor has a Return on Equity of -0.92% 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
Interstate Federal Savings and Loan Association of McGregor U.S. Bank Average
20.49% 12.68%

Interstate Federal Savings and Loan Association of McGregor has a Capitalization of 20.49% 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.

Interstate Federal Savings and Loan Association of McGregor Balance Sheet Analysis

As of March 31, 2020, Interstate Federal Savings and Loan Association of McGregor had assets of $8,452,000, loans of $6,500,000, and deposits of $5,585,000. 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 $ 1.74 million
Interest-bearing balances $ 1.57 million
Total securities $ 0.00 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 6.50 million
Loan loss allowance $ 0.11 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 $ 0.18 million
     Total Assets $ 6.72 million
LIABILITIES
Total deposits $ 5.59 million
      Interest-bearing deposits $ 5.59 million
      Deposits held in domestic offices $ 5.59 million
      % insured (estimated) 100.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1.08 million
Subordinated debt N.A.
All other liabilities $ 0.05 million
      Total Liabilities $ 6.72 million
      Shareholders’ Equity $ 1.73 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.08 million
Total Interest Expense $ 0.02 million
Net interest income $ 0.06 million
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense $ 0.06 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Interstate Federal Savings and Loan Association of McGregor’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Multifamily Mortgages.

Compared to other banks in Iowa, Interstate Federal Savings and Loan Association of McGregor has a significantly higher percent of 1-4 Family Residential 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 90.55
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 8.29
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Interstate Federal Savings And Loan Association Of Mcgregor

Branches and Savings

Is Interstate Federal Savings And Loan Association Of Mcgregor FDIC insured?

Yes. It is covered under FDIC Certificate #29501.

Why does Interstate Federal Savings And Loan Association Of Mcgregor pay such low interest on savings accounts?

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

Why are Interstate Federal Savings And Loan Association Of Mcgregor CD rates not competitive?

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

Is Interstate Federal Savings And Loan Association Of Mcgregor a commercial bank?

Yes

Where are Interstate Federal Savings And Loan Association Of Mcgregor locations?

See branch locations nearby.

Is Interstate Federal Savings And Loan Association Of Mcgregor open on Saturdays?

Is Interstate Federal Savings And Loan Association Of Mcgregor open on Sundays?

What time does Interstate Federal Savings And Loan Association Of Mcgregor open?

What time does Interstate Federal Savings And Loan Association Of Mcgregor close?

Are Interstate Federal Savings And Loan Association Of Mcgregor ATMs Open 24/7?

Do Interstate Federal Savings And Loan Association Of Mcgregor ATMs accept cash deposits?

Can Interstate Federal Savings And Loan Association Of Mcgregor customers use other ATMs?

Do Interstate Federal Savings And Loan Association Of Mcgregor branches have notaries?

Will Interstate Federal Savings And Loan Association Of Mcgregor notarize my document?

What address for Interstate Federal Savings And Loan Association Of Mcgregor should I put for incoming ACH transfers?

Will the Interstate Federal Savings And Loan Association Of Mcgregor branch print checks?

Do Interstate Federal Savings And Loan Association Of Mcgregor checks expire?

Does Interstate Federal Savings And Loan Association Of Mcgregor require US citizenship to open account?

Can Interstate Federal Savings And Loan Association Of Mcgregor close my account?

Does Interstate Federal Savings And Loan Association Of Mcgregor Report to credit bureaus?

Does Interstate Federal Savings And Loan Association Of Mcgregor Use Equifax?

What is Interstate Federal Savings And Loan Association Of Mcgregor's ACH Routing Number?

What is Interstate Federal Savings And Loan Association Of Mcgregor's SWIFT code?

Products

Does Interstate Federal Savings And Loan Association Of Mcgregor offer mortgages?

Compare mortgage rates here.

Does Interstate Federal Savings And Loan Association Of Mcgregor offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Interstate Federal Savings And Loan Association Of Mcgregor offer personal loans?

Compare personal loan rates here.

Does Interstate Federal Savings And Loan Association Of Mcgregor offer student loans?

Will Interstate Federal Savings And Loan Association Of Mcgregor cash a check?

Will Interstate Federal Savings And Loan Association Of Mcgregor redeem a savings bond?

Does Interstate Federal Savings And Loan Association Of Mcgregor cash savings bonds?

Will Interstate Federal Savings And Loan Association Of Mcgregor cash money orders?

Can Interstate Federal Savings And Loan Association Of Mcgregor issue a money order?

Does Interstate Federal Savings And Loan Association Of Mcgregor do currency exchange?

Background on The Bank

Who owns Interstate Federal Savings And Loan Association Of Mcgregor?

How long has Interstate Federal Savings And Loan Association Of Mcgregor been around?

Can Interstate Federal Savings And Loan Association Of Mcgregor transfer to other banks?

Does Interstate Federal Savings And Loan Association Of Mcgregor have quick pay?

Does Interstate Federal Savings And Loan Association Of Mcgregor accept rolled coins?

Will Interstate Federal Savings And Loan Association Of Mcgregor accept loose change?

Where is Interstate Federal Savings And Loan Association Of Mcgregor headquarters?

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