McClave State Bank

Headquarters

101 East First Street
Mcclave, CO 81057
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 1.40% →
1-Year CD 0.75% 1.15% →
2-Year CD 0.90% 1.26% →
5-Year CD 1.25% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

McClave State Bank is an FDIC insured institution located in Mcclave, CO. It was founded in 1920 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 11261
Date Established 1920
Assets $ 45.50 million
Loans $ 38.38 million
Deposits $ 37.39 million
Capital $ 5.86 million
 

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

Deposit Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $100 - 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
3 Mo CD
0.35% $1,000 - Learn More
6 Mo CD
0.60% $1,000 - Learn More
12 Mo CD
0.75% $1,000 - Learn More
24 Mo CD
0.90% $1,000 - Learn More
36 Mo CD
1.00% $1,000 - Learn More
48 Mo CD
1.10% $1,000 - Learn More
60 Mo CD
1.25% $1,000 - Learn More

Variable IRA Rates APY MIN MAX
Var IRA
1.26% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.20% $2,500 - Learn MoreShow Less

Loan Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for McClave State 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
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info

Note to McClave State Bank
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Branches

McClave 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


McClave State Bank Locations


Financial Details

McClave State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of McClave 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
McClave State Bank U.S. Bank Average
3.44% 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, McClave State Bank had $218,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,859,000 in equity and $487,000 in loans loss reserves. That gives it a Texas Ratio of 3.44%.

Return on Equity
McClave State Bank U.S. Bank Average
8.9% 9.41%

McClave State Bank has a Return on Equity of 8.9% 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
McClave State Bank U.S. Bank Average
12.88% 12.82%

McClave State Bank has a Capitalization of 12.88% 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.

McClave State Bank Balance Sheet Analysis

As of December 31, 2019, McClave State Bank had assets of $45,503,000, loans of $38,376,000, and deposits of $37,386,000. 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 $ 0.70 million
Interest-bearing balances $ 0.46 million
Total securities $ 4.62 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 38.38 million
Loan loss allowance $ 0.49 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1.36 million
     Total Assets $ 39.64 million
LIABILITIES
Total deposits $ 37.39 million
      Interest-bearing deposits $ 32.21 million
      Deposits held in domestic offices $ 37.39 million
      % insured (estimated) 86.57%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.14 million
Subordinated debt N.A.
All other liabilities $ 0.12 million
      Total Liabilities $ 39.64 million
      Shareholders’ Equity $ 5.86 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 2.74 million
Total Interest Expense $ 0.60 million
Net interest income $ 2.14 million
Provision for loan and lease losses $ 0.23 million
Total non interest income $ 0.09 million
Total non interest expense $ 1.35 million
Pre-tax Net Operating Income $ 0.66 million

Bank Loan Profile?

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

Compared to other banks in Colorado, McClave State 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 5.68
Multifamily
Mortgages
0.36
Credit Card Loans 0.00
Consumer Auto Loans 0.70
Small Business Loans 3.61
Construction and Development Loans 0.00
Commercial Real Estate 3.61
Commercial and Industrial Loans 14.59
Farm Loans 43.80

Frequently Asked Questions About Mcclave State Bank

Branches and Savings

Is Mcclave State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #11261.

Why does Mcclave 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 Mcclave State Bank CD rates not competitive?

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

Is Mcclave State Bank a commercial bank?

Yes

Where are Mcclave State Bank locations?

See branch locations nearby.

Is Mcclave State Bank open on Saturdays?

Is Mcclave State Bank open on Sundays?

What time does Mcclave State Bank open?

What time does Mcclave State Bank close?

Are Mcclave State Bank ATMs Open 24/7?

Do Mcclave State Bank ATMs accept cash deposits?

Can Mcclave State Bank customers use other ATMs?

Do Mcclave State Bank branches have notaries?

Will Mcclave State Bank notarize my document?

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

Will the Mcclave State Bank branch print checks?

Do Mcclave State Bank checks expire?

Does Mcclave State Bank require US citizenship to open account?

Can Mcclave State Bank close my account?

Does Mcclave State Bank Report to credit bureaus?

Does Mcclave State Bank Use Equifax?

What is Mcclave State Bank's ACH Routing Number?

What is Mcclave State Bank's SWIFT code?

Products

Does Mcclave State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Mcclave State Bank offer personal loans?

Compare personal loan rates here.

Does Mcclave State Bank offer student loans?

Will Mcclave State Bank cash a check?

Will Mcclave State Bank redeem a savings bond?

Does Mcclave State Bank cash savings bonds?

Will Mcclave State Bank cash money orders?

Can Mcclave State Bank issue a money order?

Does Mcclave State Bank do currency exchange?

Background on The Bank

Who owns Mcclave State Bank?

How long has Mcclave State Bank been around?

Can Mcclave State Bank transfer to other banks?

Does Mcclave State Bank have quick pay?

Does Mcclave State Bank accept rolled coins?

Will Mcclave State Bank accept loose change?

Where is Mcclave State Bank headquarters?

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