Kerndt Brothers Savings Bank

Headquarters

370 Main Street
Lansing, IA 52151
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.55% 0.95% →
2-Year CD 0.65% 1.05% →
5-Year CD 1.00% 1.30% →
30-Year Mortgage 3.40% 2.80% →
15-Year Mortgage 3.54% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Kerndt Brothers Savings Bank is an FDIC insured institution located in Lansing, IA. It was founded in 1908 and has approximately $0.3 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 8761
Date Established 1908
Assets $ 298.53 million
Loans $ 197.74 million
Deposits $ 239.34 million
Capital $ 35.51 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 - Learn More
Money Market
0.08% $2,500 $24,999 Learn More
Money Market
0.15% $25,000 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $99,999 Learn More
6 Mo CD
0.25% $10,000 $99,999 Learn More
12 Mo CD
0.55% $10,000 $99,999 Learn More
18 Mo CD
0.60% $10,000 $99,999 Learn More
24 Mo CD
0.65% $10,000 $99,999 Learn More
30 Mo CD
0.70% $10,000 $99,999 Learn More
36 Mo CD
0.80% $10,000 $99,999 Learn More
48 Mo CD
0.90% $10,000 $99,999 Learn More
60 Mo CD
1.00% $10,000 $99,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.03% $2,500 - Learn MoreShow Less

Loan Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Kerndt Brothers Savings Bank 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


Kerndt Brothers Savings Bank Locations


Financial Details

Kerndt Brothers Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Kerndt Brothers Savings Bank. 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
Kerndt Brothers Savings Bank U.S. Bank Average
4.91% 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, Kerndt Brothers Savings Bank had $924,000 in non-current loans and $940,000 in owned real estate. To cover these potential losses it had $35,508,000 in equity and $2,436,000 in loans loss reserves. That gives it a Texas Ratio of 4.91%.

Return on Equity
Kerndt Brothers Savings Bank U.S. Bank Average
8.69% 7.80%

Kerndt Brothers Savings Bank has a Return on Equity of 8.69% 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
Kerndt Brothers Savings Bank U.S. Bank Average
11.89% 12.68%

Kerndt Brothers Savings Bank has a Capitalization of 11.89% 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.

Kerndt Brothers Savings Bank Balance Sheet Analysis

As of March 31, 2020, Kerndt Brothers Savings Bank had assets of $298,526,000, loans of $197,744,000, and deposits of $239,342,000. 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 $ 12.73 million
Interest-bearing balances $ 9.78 million
Total securities $ 62.44 million
Federal funds sold and reverse repurchase $ 4.06 million
Net loans and leases $ 197.74 million
Loan loss allowance $ 2.44 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.94 million
Goodwill and other intangibles $ 4.22 million
All other assets $ 12.52 million
     Total Assets $ 263.02 million
LIABILITIES
Total deposits $ 239.34 million
      Interest-bearing deposits $ 199.80 million
      Deposits held in domestic offices $ 239.34 million
      % insured (estimated) 75.35%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 22.35 million
Subordinated debt N.A.
All other liabilities $ 1.33 million
      Total Liabilities $ 263.02 million
      Shareholders’ Equity $ 35.51 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.07 million
Total Interest Expense $ 0.64 million
Net interest income $ 2.43 million
Provision for loan and lease losses $ 0.21 million
Total non interest income $ 0.38 million
Total non interest expense $ 2.05 million
Pre-tax Net Operating Income $ 0.56 million

Bank Loan Profile?

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

Compared to other banks, Kerndt Brothers Savings Bank’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 14.60
Multifamily
Mortgages
1.23
Credit Card Loans 0.00
Consumer Auto Loans 0.51
Small Business Loans 0.00
Construction and Development Loans 0.10
Commercial Real Estate 14.05
Commercial and Industrial Loans 16.24
Farm Loans 22.36

Frequently Asked Questions About Kerndt Brothers Savings Bank

Branches and Savings

Is Kerndt Brothers Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #8761.

Why does Kerndt Brothers Savings Bank pay such low interest on savings accounts?

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

Why are Kerndt Brothers Savings Bank CD rates not competitive?

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

Is Kerndt Brothers Savings Bank a commercial bank?

Yes

Where are Kerndt Brothers Savings Bank locations?

See branch locations nearby.

Is Kerndt Brothers Savings Bank open on Saturdays?

Is Kerndt Brothers Savings Bank open on Sundays?

What time does Kerndt Brothers Savings Bank open?

What time does Kerndt Brothers Savings Bank close?

Are Kerndt Brothers Savings Bank ATMs Open 24/7?

Do Kerndt Brothers Savings Bank ATMs accept cash deposits?

Can Kerndt Brothers Savings Bank customers use other ATMs?

Do Kerndt Brothers Savings Bank branches have notaries?

Will Kerndt Brothers Savings Bank notarize my document?

What address for Kerndt Brothers Savings Bank should I put for incoming ACH transfers?

Will the Kerndt Brothers Savings Bank branch print checks?

Do Kerndt Brothers Savings Bank checks expire?

Does Kerndt Brothers Savings Bank require US citizenship to open account?

Can Kerndt Brothers Savings Bank close my account?

Does Kerndt Brothers Savings Bank Report to credit bureaus?

Does Kerndt Brothers Savings Bank Use Equifax?

What is Kerndt Brothers Savings Bank's ACH Routing Number?

What is Kerndt Brothers Savings Bank's SWIFT code?

Products

Does Kerndt Brothers Savings Bank offer mortgages?

Compare mortgage rates here.

Does Kerndt Brothers Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Kerndt Brothers Savings Bank offer personal loans?

Compare personal loan rates here.

Does Kerndt Brothers Savings Bank offer student loans?

Will Kerndt Brothers Savings Bank cash a check?

Will Kerndt Brothers Savings Bank redeem a savings bond?

Does Kerndt Brothers Savings Bank cash savings bonds?

Will Kerndt Brothers Savings Bank cash money orders?

Can Kerndt Brothers Savings Bank issue a money order?

Does Kerndt Brothers Savings Bank do currency exchange?

Background on The Bank

Who owns Kerndt Brothers Savings Bank?

How long has Kerndt Brothers Savings Bank been around?

Can Kerndt Brothers Savings Bank transfer to other banks?

Does Kerndt Brothers Savings Bank have quick pay?

Does Kerndt Brothers Savings Bank accept rolled coins?

Will Kerndt Brothers Savings Bank accept loose change?

Where is Kerndt Brothers Savings Bank headquarters?

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