McGehee Bank

301 North Second Street
Mcgehee, AR 71654

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 11242
Date Established 1933
Assets $0.13 billion
Loans $0.09 billion
Deposits $0.10 billion
Capital $0.02 billion

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.

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 - October 14, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $2,500 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.50% $500 - Learn MoreShow Less
6 Mo CD
1.10% $500 - Learn MoreShow Less
12 Mo CD
1.60% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.60% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.10% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.25% $1,000 - Learn MoreShow Less

Loan Rates - October 14, 2019

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.643% 3.625% 0.25 $560 $1,141 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.250 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to McGehee Bank
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Branches

McGehee 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


McGehee Bank Locations


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 BestCashCow.com 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
0.01% 6.77%

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 June 30, 2019, McGehee Bank had $2,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $17,793,000 in equity and $1,751,000 in loans loss reserves. That gives it a Texas Ratio of 0.01%.

Return on Equity
McGehee Bank U.S. Bank Average
10.63% 9.50%

McGehee Bank has a Return on Equity of 10.63% versus the BestCashCow average of 9.50%. 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
McGehee Bank U.S. Bank Average
14.13% 12.76%

McGehee Bank has a Capitalization of 14.13% versus the BestCashCow average of 12.76. 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 June 30, 2019, McGehee Bank had assets of $125,907,000, loans of $93,505,000, and deposits of $104,717,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.09 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 $0.00 billion
All other assets $0.01 billion
     Total Assets $0.11 billion
LIABILITIES
Total deposits $0.10 billion
      Interest-bearing deposits $0.08 billion
      Deposits held in domestic offices $0.10 billion
      % insured (estimated) 63.09%
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 $0.11 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

June 30, 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 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 3.42
Multifamily
Mortgages
0.02
Credit Card Loans 0.00
Consumer Auto Loans 1.24
Small Business Loans 4.63
Construction and Development Loans 0.00
Commercial Real Estate 4.74
Commercial and Industrial Loans 19.68
Farm Loans 57.19

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?

Yes

Where are Mcgehee Bank locations?

See branch locations nearby.

Is Mcgehee Bank open on Saturdays?

Is Mcgehee Bank open on Sundays?

What time does Mcgehee Bank open?

What time does Mcgehee Bank close?

Are Mcgehee Bank ATMs Open 24/7?

Do Mcgehee Bank ATMs accept cash deposits?

Can Mcgehee Bank customers use other ATMs?

Do Mcgehee Bank branches have notaries?

Will Mcgehee Bank notarize my document?

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

Will the Mcgehee Bank branch print checks?

Do Mcgehee Bank checks expire?

Does Mcgehee Bank require US citizenship to open account?

Can Mcgehee Bank close my account?

Does Mcgehee Bank Report to credit bureaus?

Does Mcgehee Bank Use Equifax?

What is Mcgehee Bank's ACH Routing Number?

What is Mcgehee Bank's SWIFT code?

Products

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?

Will Mcgehee Bank cash a check?

Will Mcgehee Bank redeem a savings bond?

Does Mcgehee Bank cash savings bonds?

Will Mcgehee Bank cash money orders?

Can Mcgehee Bank issue a money order?

Does Mcgehee Bank do currency exchange?

Background on The Bank

Who owns Mcgehee Bank?

How long has Mcgehee Bank been around?

Can Mcgehee Bank transfer to other banks?

Does Mcgehee Bank have quick pay?

Does Mcgehee Bank accept rolled coins?

Will Mcgehee Bank accept loose change?

Where is Mcgehee Bank headquarters?

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