Kopernik Bank

Headquarters

2101 Eastern Avenue
Baltimore, MD 21231
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

Kopernik Bank is an FDIC insured institution located in Baltimore, MD. It was founded in 1924 and has approximately $0.14 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 29901
Date Established 1924
Assets $ 150.35 million
Loans $ 109.11 million
Deposits $ 99.71 million
Capital $ 39.24 million
 

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

Deposit Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Kopernik 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 $2,122 $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 Kopernik Bank
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Branches

Kopernik 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


Kopernik Bank Locations


Financial Details

Kopernik Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Kopernik 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
Kopernik Bank U.S. Bank Average
7.99% 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, Kopernik Bank had $2,776,000 in non-current loans and $374,000 in owned real estate. To cover these potential losses it had $39,243,000 in equity and $168,000 in loans loss reserves. That gives it a Texas Ratio of 7.99%.

Return on Equity
Kopernik Bank U.S. Bank Average
4.7% 7.80%

Kopernik Bank has a Return on Equity of 4.7% 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
Kopernik Bank U.S. Bank Average
26.1% 12.68%

Kopernik Bank has a Capitalization of 26.1% 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.

Kopernik Bank Balance Sheet Analysis

As of December 31, 2018, Kopernik Bank had assets of $144,938,000, loans of $109,105,000, and deposits of $99,708,000. 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 $ 27.57 million
Interest-bearing balances $ 24.35 million
Total securities $ 0.02 million
Federal funds sold and reverse repurchase $ 1.00 million
Net loans and leases $ 109.11 million
Loan loss allowance $ 0.17 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.37 million
Goodwill and other intangibles $ 0.26 million
All other assets $ 5.21 million
     Total Assets $ 105.70 million
LIABILITIES
Total deposits $ 99.71 million
      Interest-bearing deposits $ 97.08 million
      Deposits held in domestic offices $ 99.71 million
      % insured (estimated) 96.88%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 4.00 million
Subordinated debt N.A.
All other liabilities $ 1.99 million
      Total Liabilities $ 105.70 million
      Shareholders’ Equity $ 44.66 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 6.26 million
Total Interest Expense $ 0.80 million
Net interest income $ 5.46 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.46 million
Total non interest expense $ 3.17 million
Pre-tax Net Operating Income $ 2.77 million

Bank Loan Profile?

The top three loan types in Kopernik Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Maryland, Kopernik Bank has a significantly higher percent of 1-4 Family Residential Loans, Small Business 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 76.49
Multifamily
Mortgages
1.39
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 8.71
Construction and Development Loans 8.72
Commercial Real Estate 13.29
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Kopernik Bank

Branches and Savings

Is Kopernik Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29901.

Why does Kopernik Bank pay such low interest on savings accounts?

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

Why are Kopernik Bank CD rates not competitive?

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

Is Kopernik Bank a commercial bank?

Yes

Where are Kopernik Bank locations?

See branch locations nearby.

Is Kopernik Bank open on Saturdays?

Is Kopernik Bank open on Sundays?

What time does Kopernik Bank open?

What time does Kopernik Bank close?

Are Kopernik Bank ATMs Open 24/7?

Do Kopernik Bank ATMs accept cash deposits?

Can Kopernik Bank customers use other ATMs?

Do Kopernik Bank branches have notaries?

Will Kopernik Bank notarize my document?

What address for Kopernik Bank should I put for incoming ACH transfers?

Will the Kopernik Bank branch print checks?

Do Kopernik Bank checks expire?

Does Kopernik Bank require US citizenship to open account?

Can Kopernik Bank close my account?

Does Kopernik Bank Report to credit bureaus?

Does Kopernik Bank Use Equifax?

What is Kopernik Bank's ACH Routing Number?

What is Kopernik Bank's SWIFT code?

Products

Does Kopernik Bank offer mortgages?

Compare mortgage rates here.

Does Kopernik Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Kopernik Bank offer personal loans?

Compare personal loan rates here.

Does Kopernik Bank offer student loans?

Will Kopernik Bank cash a check?

Will Kopernik Bank redeem a savings bond?

Does Kopernik Bank cash savings bonds?

Will Kopernik Bank cash money orders?

Can Kopernik Bank issue a money order?

Does Kopernik Bank do currency exchange?

Background on The Bank

Who owns Kopernik Bank?

How long has Kopernik Bank been around?

Can Kopernik Bank transfer to other banks?

Does Kopernik Bank have quick pay?

Does Kopernik Bank accept rolled coins?

Will Kopernik Bank accept loose change?

Where is Kopernik Bank headquarters?

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