Menard Bank

Headquarters

201 Ellis Street
Menard, TX 76859
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Menard Bank is an FDIC insured institution located in Menard, TX. It was founded in 1919 and has approximately $0.09 billion in assets.

FDIC Insured Yes
FDIC Certificate # 3336
Date Established 1919
Assets $ 86.91 million
Loans $ 11.64 million
Deposits $ 81.87 million
Capital $ 5.00 million
 

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

Deposit Rates - September 20, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - September 20, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Menard 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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
PADDIO
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More
PADDIO
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Menard Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Menard 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


Menard Bank Locations


Financial Details

Menard Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Menard 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
Menard Bank U.S. Bank Average
0% 5.29%

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, 2021, Menard Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,001,000 in equity and $210,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Menard Bank U.S. Bank Average
8.43% 11.43%

Menard Bank has a Return on Equity of 8.43% versus the BestCashCow average of 11.43%. 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
Menard Bank U.S. Bank Average
5.75% 11.51%

Menard Bank has a Capitalization of 5.75% versus the BestCashCow average of 11.51. 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.

Menard Bank Balance Sheet Analysis

As of March 31, 2021, Menard Bank had assets of $86,914,000, loans of $11,639,000, and deposits of $81,868,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 13.23 million
Interest-bearing balances $ 12.68 million
Total securities $ 60.17 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 11.64 million
Loan loss allowance $ 0.21 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 $ 1.71 million
     Total Assets $ 81.91 million
LIABILITIES
Total deposits $ 81.87 million
      Interest-bearing deposits $ 62.03 million
      Deposits held in domestic offices $ 81.87 million
      % insured (estimated) 43.61%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.05 million
      Total Liabilities $ 81.91 million
      Shareholders’ Equity $ 5.00 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 0.38 million
Total Interest Expense $ 0.01 million
Net interest income $ 0.37 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.02 million
Total non interest expense $ 0.27 million
Pre-tax Net Operating Income $ 0.12 million

Bank Loan Profile?

The top three loan types in Menard Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Farm Loans.

Compared to other banks, Menard Bank’s loan portfolio does not show any specific loan specialty.

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 29.34
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 2.40
Small Business Loans 0.00
Construction and Development Loans 8.91
Commercial Real Estate 18.00
Commercial and Industrial Loans 7.66
Farm Loans 9.56

Frequently Asked Questions About Menard Bank

Branches and Savings

Is Menard Bank FDIC insured?

Yes. It is covered under FDIC Certificate #3336.

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

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

Why are Menard Bank CD rates not competitive?

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

Is Menard Bank a commercial bank?

Yes

Where are Menard Bank locations?

See branch locations nearby.

Is Menard Bank open on Saturdays?

Is Menard Bank open on Sundays?

What time does Menard Bank open?

What time does Menard Bank close?

Are Menard Bank ATMs Open 24/7?

Do Menard Bank ATMs accept cash deposits?

Can Menard Bank customers use other ATMs?

Do Menard Bank branches have notaries?

Will Menard Bank notarize my document?

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

Will the Menard Bank branch print checks?

Do Menard Bank checks expire?

Does Menard Bank require US citizenship to open account?

Can Menard Bank close my account?

Does Menard Bank Report to credit bureaus?

Does Menard Bank Use Equifax?

What is Menard Bank's ACH Routing Number?

What is Menard Bank's SWIFT code?

Products

Does Menard Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Menard Bank offer personal loans?

Compare personal loan rates here.

Does Menard Bank offer student loans?

Will Menard Bank cash a check?

Will Menard Bank redeem a savings bond?

Does Menard Bank cash savings bonds?

Will Menard Bank cash money orders?

Can Menard Bank issue a money order?

Does Menard Bank do currency exchange?

Background on The Bank

Who owns Menard Bank?

How long has Menard Bank been around?

Can Menard Bank transfer to other banks?

Does Menard Bank have quick pay?

Does Menard Bank accept rolled coins?

Will Menard Bank accept loose change?

Where is Menard Bank headquarters?

Customer Reviews for Menard Bank


  • July 27, 2021

    Not a good bank. Poor customer service

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