Liberty Bank Minnesota

2842 2nd Street South
Saint Cloud, MN 56301

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26891
Date Established 1987
Assets $0.22 billion
Loans $0.10 billion
Deposits $0.19 billion
Capital $0.03 billion

Liberty Bank Minnesota is an FDIC insured institution located in Saint Cloud, MN. It was founded in 1987 and has approximately $0.22 billion in assets. Customers can open an account at one of its 6 branches.

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

Deposit Rates - July 19, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
CD Rates APY MIN MAX
3 Mo CD
0.15% $500 $99,999 Learn MoreShow Less
3 Mo CD
0.15% $100,000 - Learn MoreShow Less
6 Mo CD
0.20% $500 $99,999 Learn MoreShow Less
6 Mo CD
0.20% $100,000 - Learn MoreShow Less
12 Mo CD
0.55% $500 $99,999 Learn MoreShow Less
12 Mo CD
0.55% $100,000 - Learn MoreShow Less
24 Mo CD
0.75% $500 $99,999 Learn MoreShow Less
24 Mo CD
0.75% $100,000 - Learn MoreShow Less
36 Mo CD
0.80% $500 $99,999 Learn MoreShow Less
36 Mo CD
0.80% $100,000 - Learn MoreShow Less
48 Mo CD
0.85% $500 $99,999 Learn MoreShow Less
48 Mo CD
0.85% $100,000 - Learn MoreShow Less
60 Mo CD
0.95% $500 $99,999 Learn MoreShow Less
60 Mo CD
0.95% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.55% $500 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $300 - Learn MoreShow Less

Loan Rates - July 19, 2019

Your Current Location: Washington, WA 98109

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Liberty Bank Minnesota 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:
Seattle,Washington


Liberty Bank Minnesota Locations


Financial Details

Liberty Bank Minnesota Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Liberty Bank Minnesota. 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
Liberty Bank Minnesota U.S. Bank Average
0.03% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Liberty Bank Minnesota had $10,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $27,998,000 in equity and $1,155,000 in loans loss reserves. That gives it a Texas Ratio of 0.03%.

Return on Equity
Liberty Bank Minnesota U.S. Bank Average
8.81% 9.47%

Liberty Bank Minnesota has a Return on Equity of 8.81% versus the BestCashCow average of 9.47%. 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
Liberty Bank Minnesota U.S. Bank Average
12.77% 12.49%

Liberty Bank Minnesota has a Capitalization of 12.77% versus the BestCashCow average of 12.49. 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.

Liberty Bank Minnesota Balance Sheet Analysis

As of March 31, 2019, Liberty Bank Minnesota had assets of $219,319,000, loans of $104,436,000, and deposits of $191,062,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.04 billion
Total securities $0.04 billion
Federal funds sold and reverse repurchase $0.02 billion
Net loans and leases $0.10 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.00 billion
     Total Assets $0.19 billion
LIABILITIES
Total deposits $0.19 billion
      Interest-bearing deposits $0.15 billion
      Deposits held in domestic offices $0.19 billion
      % insured (estimated) 90.73%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.19 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Liberty Bank Minnesota’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Small Business Loans.

Compared to other banks in Minnesota, Liberty Bank Minnesota has a significantly higher percent of 1-4 Family Residential 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 88.01
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 2.42
Small Business Loans 3.52
Construction and Development Loans 3.86
Commercial Real Estate 3.52
Commercial and Industrial Loans 0.20
Farm Loans 0.00

Frequently Asked Questions About Liberty Bank Minnesota

Branches and Savings

Is Liberty Bank Minnesota FDIC insured?

Yes. It is covered under FDIC Certificate #26891.

Why does Liberty Bank Minnesota pay such low interest on savings accounts?

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

Why are Liberty Bank Minnesota CD rates not competitive?

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

Is Liberty Bank Minnesota a commercial bank?

Yes

Where are Liberty Bank Minnesota locations?

See branch locations nearby.

Is Liberty Bank Minnesota open on Saturdays?

Is Liberty Bank Minnesota open on Sundays?

What time does Liberty Bank Minnesota open?

What time does Liberty Bank Minnesota close?

Are Liberty Bank Minnesota ATMs Open 24/7?

Do Liberty Bank Minnesota ATMs accept cash deposits?

Can Liberty Bank Minnesota customers use other ATMs?

Do Liberty Bank Minnesota branches have notaries?

Will Liberty Bank Minnesota notarize my document?

What address for Liberty Bank Minnesota should I put for incoming ACH transfers?

Will the Liberty Bank Minnesota branch print checks?

Do Liberty Bank Minnesota checks expire?

Does Liberty Bank Minnesota require US citizenship to open account?

Can Liberty Bank Minnesota close my account?

Does Liberty Bank Minnesota Report to credit bureaus?

Does Liberty Bank Minnesota Use Equifax?

What is Liberty Bank Minnesota's ACH Routing Number?

What is Liberty Bank Minnesota's SWIFT code?

Products

Does Liberty Bank Minnesota offer mortgages?

Compare mortgage rates here.

Does Liberty Bank Minnesota offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Liberty Bank Minnesota offer personal loans?

Compare personal loan rates here.

Does Liberty Bank Minnesota offer student loans?

Will Liberty Bank Minnesota cash a check?

Will Liberty Bank Minnesota redeem a savings bond?

Does Liberty Bank Minnesota cash savings bonds?

Will Liberty Bank Minnesota cash money orders?

Can Liberty Bank Minnesota issue a money order?

Does Liberty Bank Minnesota do currency exchange?

Background on The Bank

Who owns Liberty Bank Minnesota?

How long has Liberty Bank Minnesota been around?

Can Liberty Bank Minnesota transfer to other banks?

Does Liberty Bank Minnesota have quick pay?

Does Liberty Bank Minnesota accept rolled coins?

Will Liberty Bank Minnesota accept loose change?

Where is Liberty Bank Minnesota headquarters?

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