KleinBank

Headquarters

301 Chestnut Street
Chaska, MN 55318
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
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

KleinBank is an FDIC insured institution located in Chaska, MN. It was founded in 1925 and has approximately $1.96 billion in assets. Customers can open an account at one of its 25 branches.

FDIC Insured Yes
FDIC Certificate # 1414
Date Established 1925
Assets $ 1,969.91 million
Loans $ 1,079.80 million
Deposits $ 1,720.40 million
Capital $ 197.67 million
 

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

Deposit Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for KleinBank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




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
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Note to KleinBank
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Branches

KleinBank 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


KleinBank Locations


Financial Details

KleinBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of KleinBank. 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
KleinBank U.S. Bank Average
2.97% 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, KleinBank had $5,312,000 in non-current loans and $954,000 in owned real estate. To cover these potential losses it had $197,672,000 in equity and $13,232,000 in loans loss reserves. That gives it a Texas Ratio of 2.97%.

Return on Equity
KleinBank U.S. Bank Average
16.2% 7.80%

KleinBank has a Return on Equity of 16.2% 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
KleinBank U.S. Bank Average
10.03% 12.68%

KleinBank has a Capitalization of 10.03% 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.

KleinBank Balance Sheet Analysis

As of September 30, 2018, KleinBank had assets of $1,959,321,000, loans of $1,079,802,000, and deposits of $1,720,399,000. 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 $ 50.87 million
Interest-bearing balances $ 20.03 million
Total securities $ 710.60 million
Federal funds sold and reverse repurchase $ 0.50 million
Net loans and leases $ 1,079.80 million
Loan loss allowance $ 13.23 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.95 million
Goodwill and other intangibles $ 28.53 million
All other assets $ 61.14 million
     Total Assets $ 1,761.65 million
LIABILITIES
Total deposits $ 1,720.40 million
      Interest-bearing deposits $ 1,312.84 million
      Deposits held in domestic offices $ 1,720.40 million
      % insured (estimated) 70.91%
Federal funds purchased and repurchase agreements $ 17.91 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 23.34 million
      Total Liabilities $ 1,761.65 million
      Shareholders’ Equity $ 208.26 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 52.36 million
Total Interest Expense $ 2.71 million
Net interest income $ 49.65 million
Provision for loan and lease losses N.A.
Total non interest income $ 16.41 million
Total non interest expense $ 39.72 million
Pre-tax Net Operating Income $ 26.35 million

Bank Loan Profile?

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

Compared to other banks, KleinBank’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 18.87
Multifamily
Mortgages
1.90
Credit Card Loans 0.00
Consumer Auto Loans 2.03
Small Business Loans 7.80
Construction and Development Loans 8.49
Commercial Real Estate 31.59
Commercial and Industrial Loans 18.37
Farm Loans 3.85

Frequently Asked Questions About Kleinbank

Branches and Savings

Is Kleinbank FDIC insured?

Yes. It is covered under FDIC Certificate #1414.

Why does Kleinbank pay such low interest on savings accounts?

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

Why are Kleinbank CD rates not competitive?

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

Is Kleinbank a commercial bank?

Yes

Where are Kleinbank locations?

See branch locations nearby.

Is Kleinbank open on Saturdays?

Is Kleinbank open on Sundays?

What time does Kleinbank open?

What time does Kleinbank close?

Are Kleinbank ATMs Open 24/7?

Do Kleinbank ATMs accept cash deposits?

Can Kleinbank customers use other ATMs?

Do Kleinbank branches have notaries?

Will Kleinbank notarize my document?

What address for Kleinbank should I put for incoming ACH transfers?

Will the Kleinbank branch print checks?

Do Kleinbank checks expire?

Does Kleinbank require US citizenship to open account?

Can Kleinbank close my account?

Does Kleinbank Report to credit bureaus?

Does Kleinbank Use Equifax?

What is Kleinbank's ACH Routing Number?

What is Kleinbank's SWIFT code?

Products

Does Kleinbank offer mortgages?

Compare mortgage rates here.

Does Kleinbank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Kleinbank offer personal loans?

Compare personal loan rates here.

Does Kleinbank offer student loans?

Will Kleinbank cash a check?

Will Kleinbank redeem a savings bond?

Does Kleinbank cash savings bonds?

Will Kleinbank cash money orders?

Can Kleinbank issue a money order?

Does Kleinbank do currency exchange?

Background on The Bank

Who owns Kleinbank?

How long has Kleinbank been around?

Can Kleinbank transfer to other banks?

Does Kleinbank have quick pay?

Does Kleinbank accept rolled coins?

Will Kleinbank accept loose change?

Where is Kleinbank headquarters?

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