McKenzie Banking Company

676 North Main Street
Mc Kenzie, TN 38201

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 13955
Date Established 1934
Assets $0.13 billion
Loans $0.07 billion
Deposits $0.11 billion
Capital $0.02 billion

McKenzie Banking Company is an FDIC insured institution located in Mc Kenzie, TN. It was founded in 1934 and has approximately $0.13 billion in assets. Customers can open an account at one of its 9 branches.

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

Deposit Rates - August 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.35% $2,500 $9,999 Learn MoreShow Less
Money Market
0.40% $10,000 $24,999 Learn MoreShow Less
Money Market
0.45% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
0.35% $2,500 $99,999 Learn MoreShow Less
3 Mo CD
0.35% $100,000 - Learn MoreShow Less
0.55% $2,500 $99,999 Learn MoreShow Less
6 Mo CD
0.55% $100,000 - Learn MoreShow Less
0.90% $500 $99,999 Learn MoreShow Less
12 Mo CD
0.90% $100,000 - Learn MoreShow Less
0.90% $500 $99,999 Learn MoreShow Less
18 Mo CD
0.90% $100,000 - Learn MoreShow Less
1.31% $500 $99,999 Learn MoreShow Less
24 Mo CD
1.31% $100,000 - Learn MoreShow Less
1.71% $500 $99,999 Learn MoreShow Less
36 Mo CD
1.71% $100,000 - Learn MoreShow Less
1.81% $500 $99,999 Learn MoreShow Less
60 Mo CD
1.81% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
0.85% $10 $9,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
0.15% $1 $2,499 Learn MoreShow Less
0.20% $2,500 $9,999 Learn MoreShow Less

Loan Rates - August 21, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for McKenzie Banking Company

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.527% 3.500% 0.38 $852 $1,123 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to McKenzie Banking Company
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Branches

McKenzie Banking Company 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


McKenzie Banking Company Locations


Financial Details

McKenzie Banking Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of McKenzie Banking Company. 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
McKenzie Banking Company U.S. Bank Average
24.58% 6.94%

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 March 31, 2019, McKenzie Banking Company had $3,430,000 in non-current loans and $1,464,000 in owned real estate. To cover these potential losses it had $18,170,000 in equity and $1,741,000 in loans loss reserves. That gives it a Texas Ratio of 24.58%.

Return on Equity
McKenzie Banking Company U.S. Bank Average
15.93% 9.47%

McKenzie Banking Company has a Return on Equity of 15.93% versus the BestCashCow average of 9.47%. 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
McKenzie Banking Company U.S. Bank Average
13.95% 12.49%

McKenzie Banking Company has a Capitalization of 13.95% versus the BestCashCow average of 12.49. 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.

McKenzie Banking Company Balance Sheet Analysis

As of March 31, 2019, McKenzie Banking Company had assets of $130,260,000, loans of $73,599,000, and deposits of $110,920,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.03 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.07 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 $0.00 billion
     Total Assets $0.11 billion
LIABILITIES
Total deposits $0.11 billion
      Interest-bearing deposits $0.08 billion
      Deposits held in domestic offices $0.11 billion
      % insured (estimated) 92.01%
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

March 31, 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 McKenzie Banking Company’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Tennessee, McKenzie Banking Company has a significantly higher percent of Commercial and Industrial 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 42.31
Multifamily
Mortgages
0.80
Credit Card Loans 0.00
Consumer Auto Loans 4.40
Small Business Loans 0.00
Construction and Development Loans 2.48
Commercial Real Estate 8.17
Commercial and Industrial Loans 21.36
Farm Loans 0.56

Frequently Asked Questions About Mckenzie Banking Company

Branches and Savings

Is Mckenzie Banking Company FDIC insured?

Yes. It is covered under FDIC Certificate #13955.

Why does Mckenzie Banking Company pay such low interest on savings accounts?

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

Why are Mckenzie Banking Company CD rates not competitive?

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

Is Mckenzie Banking Company a commercial bank?

Yes

Where are Mckenzie Banking Company locations?

See branch locations nearby.

Is Mckenzie Banking Company open on Saturdays?

Is Mckenzie Banking Company open on Sundays?

What time does Mckenzie Banking Company open?

What time does Mckenzie Banking Company close?

Are Mckenzie Banking Company ATMs Open 24/7?

Do Mckenzie Banking Company ATMs accept cash deposits?

Can Mckenzie Banking Company customers use other ATMs?

Do Mckenzie Banking Company branches have notaries?

Will Mckenzie Banking Company notarize my document?

What address for Mckenzie Banking Company should I put for incoming ACH transfers?

Will the Mckenzie Banking Company branch print checks?

Do Mckenzie Banking Company checks expire?

Does Mckenzie Banking Company require US citizenship to open account?

Can Mckenzie Banking Company close my account?

Does Mckenzie Banking Company Report to credit bureaus?

Does Mckenzie Banking Company Use Equifax?

What is Mckenzie Banking Company's ACH Routing Number?

What is Mckenzie Banking Company's SWIFT code?

Products

Does Mckenzie Banking Company offer mortgages?

Compare mortgage rates here.

Does Mckenzie Banking Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Mckenzie Banking Company offer personal loans?

Compare personal loan rates here.

Does Mckenzie Banking Company offer student loans?

Will Mckenzie Banking Company cash a check?

Will Mckenzie Banking Company redeem a savings bond?

Does Mckenzie Banking Company cash savings bonds?

Will Mckenzie Banking Company cash money orders?

Can Mckenzie Banking Company issue a money order?

Does Mckenzie Banking Company do currency exchange?

Background on The Bank

Who owns Mckenzie Banking Company?

How long has Mckenzie Banking Company been around?

Can Mckenzie Banking Company transfer to other banks?

Does Mckenzie Banking Company have quick pay?

Does Mckenzie Banking Company accept rolled coins?

Will Mckenzie Banking Company accept loose change?

Where is Mckenzie Banking Company headquarters?

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