Key Community Bank

Headquarters

5684 Bishop Avenue
Inver Grove Heights, MN 55076
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

Key Community Bank is an FDIC insured institution located in Inver Grove Heights, MN. It was founded in 1998 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34644
Date Established 1998
Assets $ 49.88 million
Loans $ 29.21 million
Deposits $ 44.13 million
Capital $ 5.58 million
 

For a more detailed analysis of Key Community 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


Loan Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Key Community Bank

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
2.815% 2.750% 0.88 $2,118 $1,021 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
2.990 %
$0 Learn More
More Info

Note to Key Community Bank
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Branches

Key Community 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


Key Community Bank Locations


Financial Details

Key Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Key Community 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
Key Community Bank U.S. Bank Average
4.67% 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, Key Community Bank had $279,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,575,000 in equity and $404,000 in loans loss reserves. That gives it a Texas Ratio of 4.67%.

Return on Equity
Key Community Bank U.S. Bank Average
6.15% 7.80%

Key Community Bank has a Return on Equity of 6.15% 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
Key Community Bank U.S. Bank Average
11.18% 12.68%

Key Community Bank has a Capitalization of 11.18% 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.

Key Community Bank Balance Sheet Analysis

As of March 31, 2020, Key Community Bank had assets of $49,876,000, loans of $29,213,000, and deposits of $44,131,000. 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 $ 17.20 million
Interest-bearing balances $ 16.14 million
Total securities $ 0.25 million
Federal funds sold and reverse repurchase $ 1.90 million
Net loans and leases $ 29.21 million
Loan loss allowance $ 0.40 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 $ 0.22 million
     Total Assets $ 44.30 million
LIABILITIES
Total deposits $ 44.13 million
      Interest-bearing deposits $ 27.48 million
      Deposits held in domestic offices $ 44.13 million
      % insured (estimated) 81.95%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.17 million
      Total Liabilities $ 44.30 million
      Shareholders’ Equity $ 5.58 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.48 million
Total Interest Expense $ 0.03 million
Net interest income $ 0.45 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.04 million
Total non interest expense $ 0.41 million
Pre-tax Net Operating Income $ 0.09 million

Bank Loan Profile?

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

Compared to other banks in Minnesota, Key Community Bank has a significantly higher percent of Commercial Real Estate 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 24.76
Multifamily
Mortgages
2.89
Credit Card Loans 0.00
Consumer Auto Loans 0.63
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 52.21
Commercial and Industrial Loans 13.94
Farm Loans 0.00

Frequently Asked Questions About Key Community Bank

Branches and Savings

Is Key Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34644.

Why does Key Community Bank pay such low interest on savings accounts?

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

Why are Key Community Bank CD rates not competitive?

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

Is Key Community Bank a commercial bank?

Yes

Where are Key Community Bank locations?

See branch locations nearby.

Is Key Community Bank open on Saturdays?

Is Key Community Bank open on Sundays?

What time does Key Community Bank open?

What time does Key Community Bank close?

Are Key Community Bank ATMs Open 24/7?

Do Key Community Bank ATMs accept cash deposits?

Can Key Community Bank customers use other ATMs?

Do Key Community Bank branches have notaries?

Will Key Community Bank notarize my document?

What address for Key Community Bank should I put for incoming ACH transfers?

Will the Key Community Bank branch print checks?

Do Key Community Bank checks expire?

Does Key Community Bank require US citizenship to open account?

Can Key Community Bank close my account?

Does Key Community Bank Report to credit bureaus?

Does Key Community Bank Use Equifax?

What is Key Community Bank's ACH Routing Number?

What is Key Community Bank's SWIFT code?

Products

Does Key Community Bank offer mortgages?

Compare mortgage rates here.

Does Key Community Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Key Community Bank offer personal loans?

Compare personal loan rates here.

Does Key Community Bank offer student loans?

Will Key Community Bank cash a check?

Will Key Community Bank redeem a savings bond?

Does Key Community Bank cash savings bonds?

Will Key Community Bank cash money orders?

Can Key Community Bank issue a money order?

Does Key Community Bank do currency exchange?

Background on The Bank

Who owns Key Community Bank?

How long has Key Community Bank been around?

Can Key Community Bank transfer to other banks?

Does Key Community Bank have quick pay?

Does Key Community Bank accept rolled coins?

Will Key Community Bank accept loose change?

Where is Key Community Bank headquarters?

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