Mainstreet Bank

Headquarters

129 West Main Street
Cook, NE 68329
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.60% →
1-Year CD 1.00% 1.55% →
2-Year CD 1.21% 2.65% →
5-Year CD 1.21% 1.66% →
30-Year Mortgage N.A. 3.08% →
15-Year Mortgage N.A. 2.65% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Mainstreet Bank is an FDIC insured institution located in Cook, NE. It was founded in 1890 and has approximately $0.1 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 18528
Date Established 1890
Assets $ 96.08 million
Loans $ 65.08 million
Deposits $ 84.36 million
Capital $ 10.21 million
 

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

Deposit Rates - June 2, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $1 - Learn More
Money Market
0.10% $2,500 $9,999 Learn More
Money Market
0.15% $10,000 $49,999 Learn More
CD Rates APY MIN MAX
0.45% $10,000 $49,999 Learn More
0.70% $100,000 $249,999 Learn More
12 Mo CD
0.65% $10,000 $49,999 Learn More
1.00% $100,000 $249,999 Learn More
18 Mo CD
0.75% $10,000 $49,999 Learn More
18 Mo CD
1.21% $100,000 $249,999 Learn More
24 Mo CD
0.85% $10,000 $49,999 Learn More
24 Mo CD
1.21% $100,000 $249,999 Learn More
30 Mo CD
1.00% $10,000 $49,999 Learn More
30 Mo CD
1.00% $100,000 $249,999 Learn More
36 Mo CD
1.00% $10,000 $49,999 Learn More
36 Mo CD
1.21% $100,000 $249,999 Learn More
48 Mo CD
1.00% $10,000 $49,999 Learn More
48 Mo CD
1.21% $100,000 $249,999 Learn More
60 Mo CD
1.00% $10,000 $49,999 Learn More
60 Mo CD
1.21% $100,000 $249,999 Learn More

Fixed IRA Rates APY MIN MAX
0.75% $10,000 $19,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $9,999 Learn MoreShow Less

Loan Rates - June 2, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Mainstreet Bank

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




Featured - Virginia Home Equity Line Of Credit Rates 2020

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

Branches

Mainstreet 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:
Ashburn,Virginia


Mainstreet Bank Locations


Financial Details

Mainstreet Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mainstreet 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
Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
Mainstreet Bank U.S. Bank Average
0.33% 6.51%

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 December 31, 2019, Mainstreet Bank had $36,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $10,209,000 in equity and $745,000 in loans loss reserves. That gives it a Texas Ratio of 0.33%.

Return on Equity
Mainstreet Bank U.S. Bank Average
5.28% 9.41%

Mainstreet Bank has a Return on Equity of 5.28% versus the BestCashCow average of 9.41%. 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
Mainstreet Bank U.S. Bank Average
10.63% 12.82%

Mainstreet Bank has a Capitalization of 10.63% versus the BestCashCow average of 12.82. 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.

Mainstreet Bank Balance Sheet Analysis

As of December 31, 2019, Mainstreet Bank had assets of $96,083,000, loans of $65,078,000, and deposits of $84,356,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 3.07 million
Interest-bearing balances $ 0.14 million
Total securities $ 21.94 million
Federal funds sold and reverse repurchase $ 0.80 million
Net loans and leases $ 65.08 million
Loan loss allowance $ 0.75 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.24 million
All other assets $ 2.23 million
     Total Assets $ 85.87 million
LIABILITIES
Total deposits $ 84.36 million
      Interest-bearing deposits $ 70.44 million
      Deposits held in domestic offices $ 84.36 million
      % insured (estimated) 84.48%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1.17 million
Subordinated debt N.A.
All other liabilities $ 0.35 million
      Total Liabilities $ 85.87 million
      Shareholders’ Equity $ 10.21 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 4.22 million
Total Interest Expense $ 0.68 million
Net interest income $ 3.55 million
Provision for loan and lease losses $ 0.08 million
Total non interest income $ 0.34 million
Total non interest expense $ 3.27 million
Pre-tax Net Operating Income $ 0.54 million

Bank Loan Profile?

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

Compared to other banks, Mainstreet Bank’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 18.14
Multifamily
Mortgages
0.24
Credit Card Loans 0.00
Consumer Auto Loans 1.91
Small Business Loans 5.22
Construction and Development Loans 0.10
Commercial Real Estate 7.15
Commercial and Industrial Loans 5.83
Farm Loans 7.28

Frequently Asked Questions About Mainstreet Bank

Branches and Savings

Is Mainstreet Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18528.

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

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

Why are Mainstreet Bank CD rates not competitive?

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

Is Mainstreet Bank a commercial bank?

Yes

Where are Mainstreet Bank locations?

See branch locations nearby.

Is Mainstreet Bank open on Saturdays?

Is Mainstreet Bank open on Sundays?

What time does Mainstreet Bank open?

What time does Mainstreet Bank close?

Are Mainstreet Bank ATMs Open 24/7?

Do Mainstreet Bank ATMs accept cash deposits?

Can Mainstreet Bank customers use other ATMs?

Do Mainstreet Bank branches have notaries?

Will Mainstreet Bank notarize my document?

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

Will the Mainstreet Bank branch print checks?

Do Mainstreet Bank checks expire?

Does Mainstreet Bank require US citizenship to open account?

Can Mainstreet Bank close my account?

Does Mainstreet Bank Report to credit bureaus?

Does Mainstreet Bank Use Equifax?

What is Mainstreet Bank's ACH Routing Number?

What is Mainstreet Bank's SWIFT code?

Products

Does Mainstreet Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Mainstreet Bank offer personal loans?

Compare personal loan rates here.

Does Mainstreet Bank offer student loans?

Will Mainstreet Bank cash a check?

Will Mainstreet Bank redeem a savings bond?

Does Mainstreet Bank cash savings bonds?

Will Mainstreet Bank cash money orders?

Can Mainstreet Bank issue a money order?

Does Mainstreet Bank do currency exchange?

Background on The Bank

Who owns Mainstreet Bank?

How long has Mainstreet Bank been around?

Can Mainstreet Bank transfer to other banks?

Does Mainstreet Bank have quick pay?

Does Mainstreet Bank accept rolled coins?

Will Mainstreet Bank accept loose change?

Where is Mainstreet Bank headquarters?

Customer Reviews for Mainstreet Bank

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

Add Your Review

Rate it here →