McGehee Bank


301 North Second Street
Mcgehee, AR 71654
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Notable Rates APY Vs.Others
Savings 0.15% 1.40% →
1-Year CD 0.60% 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 2.25% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

McGehee Bank is an FDIC insured institution located in Mcgehee, AR. It was founded in 1933 and has approximately $0.13 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 11242
Date Established 1933
Assets $ 129.85 million
Loans $ 78.49 million
Deposits $ 111.65 million
Capital $ 17.89 million

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

Deposit Rates - July 11, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.15% $100 - Learn More
Money Market
0.15% $2,500 - Learn More
3 Mo CD
0.15% $500 - Learn More
6 Mo CD
0.40% $500 - Learn More
12 Mo CD
0.60% $500 - Learn More

Fixed IRA
0.60% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1,000 - Learn MoreShow Less

Loan Rates - July 11, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for McGehee 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
Learn More
NMLS ID: 2890
License#: 13256
2.950% 2.875% 1.00 $2,438 $1,038 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
2.990 %
$0 Learn More
More Info

Note to McGehee Bank
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Financial Details

McGehee Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of McGehee Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
McGehee Bank U.S. Bank Average
0.76% 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, McGehee Bank had $151,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $17,891,000 in equity and $2,036,000 in loans loss reserves. That gives it a Texas Ratio of 0.76%.

Return on Equity
McGehee Bank U.S. Bank Average
12.99% 7.80%

McGehee Bank has a Return on Equity of 12.99% 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.

McGehee Bank U.S. Bank Average
13.78% 12.68%

McGehee Bank has a Capitalization of 13.78% 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.

McGehee Bank Balance Sheet Analysis

As of March 31, 2020, McGehee Bank had assets of $129,845,000, loans of $78,493,000, and deposits of $111,649,000. 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
Cash & Balances due from depository institutions $ 2.44 million
Interest-bearing balances N.A.
Total securities $ 25.36 million
Federal funds sold and reverse repurchase $ 17.48 million
Net loans and leases $ 78.49 million
Loan loss allowance $ 2.04 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 $ 5.55 million
     Total Assets $ 111.95 million
Total deposits $ 111.65 million
      Interest-bearing deposits $ 78.58 million
      Deposits held in domestic offices $ 111.65 million
      % insured (estimated) 62.70%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.31 million
      Total Liabilities $ 111.95 million
      Shareholders’ Equity $ 17.89 million

Summary Income Statement

March 31, 2020
Total Interest Income $ 1.31 million
Total Interest Expense $ 0.17 million
Net interest income $ 1.14 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.29 million
Total non interest expense $ 0.81 million
Pre-tax Net Operating Income $ 0.57 million

Bank Loan Profile?

The top three loan types in McGehee Bank’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Arkansas, McGehee 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 4.02
Credit Card Loans 0.00
Consumer Auto Loans 1.37
Small Business Loans 3.61
Construction and Development Loans 0.33
Commercial Real Estate 8.00
Commercial and Industrial Loans 21.10
Farm Loans 50.47

Frequently Asked Questions About Mcgehee Bank

Branches and Savings

Is Mcgehee Bank FDIC insured?

Yes. It is covered under FDIC Certificate #11242.

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

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

Why are Mcgehee Bank CD rates not competitive?

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

Is Mcgehee Bank a commercial bank?


Where are Mcgehee Bank locations?

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Does Mcgehee Bank require US citizenship to open account?

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Does Mcgehee Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Mcgehee Bank offer personal loans?

Compare personal loan rates here.

Does Mcgehee Bank offer student loans?

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Background on The Bank

Who owns Mcgehee Bank?

How long has Mcgehee Bank been around?

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