Landmands Bank

Headquarters

201 South Division Street
Audubon, IA 50025
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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

Landmands Bank is an FDIC insured institution located in Audubon, IA. It was founded in 1909 and has approximately $0.07 billion in assets.

FDIC Insured Yes
FDIC Certificate # 4471
Date Established 1909
Assets $ 63.00 million
Loans $ 54.81 million
Deposits $ 61.19 million
Capital $ 6.16 million
 

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

Deposit Rates - October 27, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 27, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Landmands 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
First Internet Bank
NMLS ID: 424182
2.573% 2.500% 1.00 $2,400 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.674% 2.625% 0.63 $1,595 $1,005 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
2.240 %
$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 Landmands Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Landmands 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


Landmands Bank Locations


Financial Details

Landmands Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Landmands 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
Landmands Bank U.S. Bank Average
3.63% 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, Landmands Bank had $248,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $6,163,000 in equity and $673,000 in loans loss reserves. That gives it a Texas Ratio of 3.63%.

Return on Equity
Landmands Bank U.S. Bank Average
13.67% 7.80%

Landmands Bank has a Return on Equity of 13.67% 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
Landmands Bank U.S. Bank Average
9.78% 12.68%

Landmands Bank has a Capitalization of 9.78% 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.

Landmands Bank Balance Sheet Analysis

As of December 31, 2017, Landmands Bank had assets of $67,622,000, loans of $54,809,000, and deposits of $61,192,000. 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 $ 6.84 million
Interest-bearing balances $ 0.91 million
Total securities $ 4.11 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 54.81 million
Loan loss allowance $ 0.67 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.28 million
All other assets $ 1.23 million
     Total Assets $ 61.46 million
LIABILITIES
Total deposits $ 61.19 million
      Interest-bearing deposits $ 47.16 million
      Deposits held in domestic offices $ 61.19 million
      % insured (estimated) 85.54%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.07 million
Subordinated debt N.A.
All other liabilities $ 0.20 million
      Total Liabilities $ 61.46 million
      Shareholders’ Equity $ 1.54 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.52 million
Total Interest Expense $ 0.20 million
Net interest income $ 2.31 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.93 million
Total non interest expense $ 2.26 million
Pre-tax Net Operating Income $ 0.95 million

Bank Loan Profile?

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

Compared to other banks in Iowa, Landmands Bank has a significantly higher percent of 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 3.94
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.66
Small Business Loans 2.72
Construction and Development Loans 0.00
Commercial Real Estate 2.72
Commercial and Industrial Loans 8.64
Farm Loans 59.50

Frequently Asked Questions About Landmands Bank

Branches and Savings

Is Landmands Bank FDIC insured?

Yes. It is covered under FDIC Certificate #4471.

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

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

Why are Landmands Bank CD rates not competitive?

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

Is Landmands Bank a commercial bank?

Yes

Where are Landmands Bank locations?

See branch locations nearby.

Is Landmands Bank open on Saturdays?

Is Landmands Bank open on Sundays?

What time does Landmands Bank open?

What time does Landmands Bank close?

Are Landmands Bank ATMs Open 24/7?

Do Landmands Bank ATMs accept cash deposits?

Can Landmands Bank customers use other ATMs?

Do Landmands Bank branches have notaries?

Will Landmands Bank notarize my document?

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

Will the Landmands Bank branch print checks?

Do Landmands Bank checks expire?

Does Landmands Bank require US citizenship to open account?

Can Landmands Bank close my account?

Does Landmands Bank Report to credit bureaus?

Does Landmands Bank Use Equifax?

What is Landmands Bank's ACH Routing Number?

What is Landmands Bank's SWIFT code?

Products

Does Landmands Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Landmands Bank offer personal loans?

Compare personal loan rates here.

Does Landmands Bank offer student loans?

Will Landmands Bank cash a check?

Will Landmands Bank redeem a savings bond?

Does Landmands Bank cash savings bonds?

Will Landmands Bank cash money orders?

Can Landmands Bank issue a money order?

Does Landmands Bank do currency exchange?

Background on The Bank

Who owns Landmands Bank?

How long has Landmands Bank been around?

Can Landmands Bank transfer to other banks?

Does Landmands Bank have quick pay?

Does Landmands Bank accept rolled coins?

Will Landmands Bank accept loose change?

Where is Landmands Bank headquarters?

Customer Reviews for Landmands Bank

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

Add Your Review

Rate it here →