Marion State Bank

Headquarters

345 Main Street
Marion, LA 71260
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.00% →
1-Year CD 0.50% 0.95% →
2-Year CD 0.65% 1.05% →
5-Year CD 0.65% 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

Marion State Bank is an FDIC insured institution located in Marion, LA. It was founded in 1907 and has approximately $0.18 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 9320
Date Established 1907
Assets $ 177.90 million
Loans $ 127.09 million
Deposits $ 150.53 million
Capital $ 20.73 million
 

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

Deposit Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $100 - Learn More
Money Market
0.10% $2,500 $10,000 Learn More
Money Market
0.35% $2,500 $10,000 Learn More
Money Market
0.50% $10,001 $25,000 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $500 - Learn More
6 Mo CD
0.35% $500 - Learn More
12 Mo CD
0.50% $500 - Learn More
18 Mo CD
0.55% $500 - Learn More
24 Mo CD
0.65% $500 - Learn More
36 Mo CD
0.65% $500 - Learn More
48 Mo CD
0.65% $500 - Learn More
60 Mo CD
0.65% $500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,500 $5,000 Learn MoreShow Less

Loan Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Marion State Bank

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




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 Marion State Bank
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Branches

Marion State 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


Marion State Bank Locations


Financial Details

Marion State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Marion State 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
Marion State Bank U.S. Bank Average
4.11% 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, Marion State Bank had $402,000 in non-current loans and $501,000 in owned real estate. To cover these potential losses it had $20,726,000 in equity and $1,251,000 in loans loss reserves. That gives it a Texas Ratio of 4.11%.

Return on Equity
Marion State Bank U.S. Bank Average
5.06% 7.80%

Marion State Bank has a Return on Equity of 5.06% 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
Marion State Bank U.S. Bank Average
11.65% 12.68%

Marion State Bank has a Capitalization of 11.65% 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.

Marion State Bank Balance Sheet Analysis

As of March 31, 2020, Marion State Bank had assets of $177,904,000, loans of $127,086,000, and deposits of $150,529,000. 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 $ 16.33 million
Interest-bearing balances $ 12.36 million
Total securities $ 22.31 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 127.09 million
Loan loss allowance $ 1.25 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.50 million
Goodwill and other intangibles N.A.
All other assets $ 6.77 million
     Total Assets $ 157.18 million
LIABILITIES
Total deposits $ 150.53 million
      Interest-bearing deposits $ 116.78 million
      Deposits held in domestic offices $ 150.53 million
      % insured (estimated) 83.96%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 5.09 million
Subordinated debt N.A.
All other liabilities $ 1.56 million
      Total Liabilities $ 157.18 million
      Shareholders’ Equity $ 20.73 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.18 million
Total Interest Expense $ 0.44 million
Net interest income $ 1.74 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.30 million
Total non interest expense $ 1.67 million
Pre-tax Net Operating Income $ 0.32 million

Bank Loan Profile?

The top three loan types in Marion State Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Louisiana, Marion State Bank has a significantly higher percent of 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 27.02
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 2.00
Small Business Loans 15.33
Construction and Development Loans 6.32
Commercial Real Estate 28.49
Commercial and Industrial Loans 13.57
Farm Loans 2.24

Frequently Asked Questions About Marion State Bank

Branches and Savings

Is Marion State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9320.

Why does Marion State Bank pay such low interest on savings accounts?

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

Why are Marion State Bank CD rates not competitive?

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

Is Marion State Bank a commercial bank?

Yes

Where are Marion State Bank locations?

See branch locations nearby.

Is Marion State Bank open on Saturdays?

Is Marion State Bank open on Sundays?

What time does Marion State Bank open?

What time does Marion State Bank close?

Are Marion State Bank ATMs Open 24/7?

Do Marion State Bank ATMs accept cash deposits?

Can Marion State Bank customers use other ATMs?

Do Marion State Bank branches have notaries?

Will Marion State Bank notarize my document?

What address for Marion State Bank should I put for incoming ACH transfers?

Will the Marion State Bank branch print checks?

Do Marion State Bank checks expire?

Does Marion State Bank require US citizenship to open account?

Can Marion State Bank close my account?

Does Marion State Bank Report to credit bureaus?

Does Marion State Bank Use Equifax?

What is Marion State Bank's ACH Routing Number?

What is Marion State Bank's SWIFT code?

Products

Does Marion State Bank offer mortgages?

Compare mortgage rates here.

Does Marion State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Marion State Bank offer personal loans?

Compare personal loan rates here.

Does Marion State Bank offer student loans?

Will Marion State Bank cash a check?

Will Marion State Bank redeem a savings bond?

Does Marion State Bank cash savings bonds?

Will Marion State Bank cash money orders?

Can Marion State Bank issue a money order?

Does Marion State Bank do currency exchange?

Background on The Bank

Who owns Marion State Bank?

How long has Marion State Bank been around?

Can Marion State Bank transfer to other banks?

Does Marion State Bank have quick pay?

Does Marion State Bank accept rolled coins?

Will Marion State Bank accept loose change?

Where is Marion State Bank headquarters?

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