Kress National Bank

Headquarters

W 4th Street And Us Hwy 87
Kress, TX 79052
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.50% 0.95% →
2-Year CD 0.70% 1.05% →
5-Year CD N.A. 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Kress National Bank is an FDIC insured institution located in Kress, TX. It was founded in 1963 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 18892
Date Established 1963
Assets $ 38.73 million
Loans $ 14.41 million
Deposits $ 33.48 million
Capital $ 5.11 million
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $1 - Learn More
Money Market
0.05% $1 $24,999 Learn More
Money Market
0.05% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $1,000 $49,999 Learn More
3 Mo CD
0.35% $50,000 - Learn More
6 Mo CD
0.30% $1,000 $49,999 Learn More
6 Mo CD
0.40% $50,000 - Learn More
12 Mo CD
0.40% $1,000 $49,999 Learn More
12 Mo CD
0.50% $50,000 - Learn More
24 Mo CD
0.60% $1,000 $49,999 Learn More
24 Mo CD
0.70% $50,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 - Learn MoreShow Less

Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Kress National 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
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $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
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Kress National Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Kress National 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


Kress National Bank Locations


Financial Details

Kress National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Kress National 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
Kress National Bank U.S. Bank Average
2.47% 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, Kress National Bank had $90,000 in non-current loans and $42,000 in owned real estate. To cover these potential losses it had $5,114,000 in equity and $232,000 in loans loss reserves. That gives it a Texas Ratio of 2.47%.

Return on Equity
Kress National Bank U.S. Bank Average
5.18% 7.80%

Kress National Bank has a Return on Equity of 5.18% 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
Kress National Bank U.S. Bank Average
13.21% 12.68%

Kress National Bank has a Capitalization of 13.21% 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.

Kress National Bank Balance Sheet Analysis

As of March 31, 2020, Kress National Bank had assets of $38,725,000, loans of $14,414,000, and deposits of $33,481,000. 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 $ 11.77 million
Interest-bearing balances $ 11.20 million
Total securities $ 11.85 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 14.41 million
Loan loss allowance $ 0.23 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.04 million
Goodwill and other intangibles N.A.
All other assets $ 0.54 million
     Total Assets $ 33.61 million
LIABILITIES
Total deposits $ 33.48 million
      Interest-bearing deposits $ 23.35 million
      Deposits held in domestic offices $ 33.48 million
      % insured (estimated) 86.95%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.13 million
      Total Liabilities $ 33.61 million
      Shareholders’ Equity $ 5.11 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.37 million
Total Interest Expense $ 0.05 million
Net interest income $ 0.32 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.03 million
Total non interest expense $ 0.30 million
Pre-tax Net Operating Income $ 0.07 million

Bank Loan Profile?

The top three loan types in Kress National Bank’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Consumer Auto Loans.

Compared to other banks in Texas, Kress National Bank has a significantly higher percent of Commercial and Industrial Loans, Farm 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 1.48
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.30
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 1.36
Commercial and Industrial Loans 31.68
Farm Loans 47.13

Frequently Asked Questions About Kress National Bank

Branches and Savings

Is Kress National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18892.

Why does Kress National Bank pay such low interest on savings accounts?

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

Why are Kress National Bank CD rates not competitive?

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

Is Kress National Bank a commercial bank?

Yes

Where are Kress National Bank locations?

See branch locations nearby.

Is Kress National Bank open on Saturdays?

Is Kress National Bank open on Sundays?

What time does Kress National Bank open?

What time does Kress National Bank close?

Are Kress National Bank ATMs Open 24/7?

Do Kress National Bank ATMs accept cash deposits?

Can Kress National Bank customers use other ATMs?

Do Kress National Bank branches have notaries?

Will Kress National Bank notarize my document?

What address for Kress National Bank should I put for incoming ACH transfers?

Will the Kress National Bank branch print checks?

Do Kress National Bank checks expire?

Does Kress National Bank require US citizenship to open account?

Can Kress National Bank close my account?

Does Kress National Bank Report to credit bureaus?

Does Kress National Bank Use Equifax?

What is Kress National Bank's ACH Routing Number?

What is Kress National Bank's SWIFT code?

Products

Does Kress National Bank offer mortgages?

Compare mortgage rates here.

Does Kress National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Kress National Bank offer personal loans?

Compare personal loan rates here.

Does Kress National Bank offer student loans?

Will Kress National Bank cash a check?

Will Kress National Bank redeem a savings bond?

Does Kress National Bank cash savings bonds?

Will Kress National Bank cash money orders?

Can Kress National Bank issue a money order?

Does Kress National Bank do currency exchange?

Background on The Bank

Who owns Kress National Bank?

How long has Kress National Bank been around?

Can Kress National Bank transfer to other banks?

Does Kress National Bank have quick pay?

Does Kress National Bank accept rolled coins?

Will Kress National Bank accept loose change?

Where is Kress National Bank headquarters?

Customer Reviews for Kress National Bank

There are currently no comments for Kress National Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →