Mojave Desert Bank, National Association

Headquarters

15773 K Street
Mojave, CA 93501
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Mojave Desert Bank, National Association is an FDIC insured institution located in Mojave, CA. It was founded in 1991 and has approximately $0.1 billion in assets.

FDIC Insured Yes
FDIC Certificate # 33484
Date Established 1991
Assets $ 103.50 million
Loans $ 52.07 million
Deposits $ 94.13 million
Capital $ 8.67 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Mojave Desert Bank, National Association

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

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Payment
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Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 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
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2.990 %
$0 Learn More
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People's United Bank, N.A.
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4.000 %
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Note to Mojave Desert Bank, National Association
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Branches

Mojave Desert Bank, National Association 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


Mojave Desert Bank, National Association Locations


Financial Details

Mojave Desert Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mojave Desert Bank, National Association. 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
Mojave Desert Bank, National Association U.S. Bank Average
9.3% 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, Mojave Desert Bank, National Association had $750,000 in non-current loans and $199,000 in owned real estate. To cover these potential losses it had $8,665,000 in equity and $1,538,000 in loans loss reserves. That gives it a Texas Ratio of 9.3%.

Return on Equity
Mojave Desert Bank, National Association U.S. Bank Average
0.36% 7.80%

Mojave Desert Bank, National Association has a Return on Equity of 0.36% 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.

Capitalization
Mojave Desert Bank, National Association U.S. Bank Average
8.37% 12.68%

Mojave Desert Bank, National Association has a Capitalization of 8.37% 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.

Mojave Desert Bank, National Association Balance Sheet Analysis

As of December 31, 2012, Mojave Desert Bank, National Association had assets of $103,504,000, loans of $52,070,000, and deposits of $94,129,000. 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
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 52.07 million
Loan loss allowance $ 1.54 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.20 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 94.13 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 103.50 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Mojave Desert Bank, National Association’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in California, Mojave Desert Bank, National Association has a significantly higher percent of Small Business 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 29.78
Multifamily
Mortgages
0.02
Credit Card Loans 0.00
Consumer Auto Loans 0.15
Small Business Loans 27.98
Construction and Development Loans 1.86
Commercial Real Estate 60.47
Commercial and Industrial Loans 9.72
Farm Loans 0.00

Frequently Asked Questions About Mojave Desert Bank, National Association

Branches and Savings

Is Mojave Desert Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #33484.

Why does Mojave Desert Bank, National Association pay such low interest on savings accounts?

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

Why are Mojave Desert Bank, National Association CD rates not competitive?

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

Is Mojave Desert Bank, National Association a commercial bank?

Yes

Where are Mojave Desert Bank, National Association locations?

See branch locations nearby.

Is Mojave Desert Bank, National Association open on Saturdays?

Is Mojave Desert Bank, National Association open on Sundays?

What time does Mojave Desert Bank, National Association open?

What time does Mojave Desert Bank, National Association close?

Are Mojave Desert Bank, National Association ATMs Open 24/7?

Do Mojave Desert Bank, National Association ATMs accept cash deposits?

Can Mojave Desert Bank, National Association customers use other ATMs?

Do Mojave Desert Bank, National Association branches have notaries?

Will Mojave Desert Bank, National Association notarize my document?

What address for Mojave Desert Bank, National Association should I put for incoming ACH transfers?

Will the Mojave Desert Bank, National Association branch print checks?

Do Mojave Desert Bank, National Association checks expire?

Does Mojave Desert Bank, National Association require US citizenship to open account?

Can Mojave Desert Bank, National Association close my account?

Does Mojave Desert Bank, National Association Report to credit bureaus?

Does Mojave Desert Bank, National Association Use Equifax?

What is Mojave Desert Bank, National Association's ACH Routing Number?

What is Mojave Desert Bank, National Association's SWIFT code?

Products

Does Mojave Desert Bank, National Association offer mortgages?

Compare mortgage rates here.

Does Mojave Desert Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Mojave Desert Bank, National Association offer personal loans?

Compare personal loan rates here.

Does Mojave Desert Bank, National Association offer student loans?

Will Mojave Desert Bank, National Association cash a check?

Will Mojave Desert Bank, National Association redeem a savings bond?

Does Mojave Desert Bank, National Association cash savings bonds?

Will Mojave Desert Bank, National Association cash money orders?

Can Mojave Desert Bank, National Association issue a money order?

Does Mojave Desert Bank, National Association do currency exchange?

Background on The Bank

Who owns Mojave Desert Bank, National Association?

How long has Mojave Desert Bank, National Association been around?

Can Mojave Desert Bank, National Association transfer to other banks?

Does Mojave Desert Bank, National Association have quick pay?

Does Mojave Desert Bank, National Association accept rolled coins?

Will Mojave Desert Bank, National Association accept loose change?

Where is Mojave Desert Bank, National Association headquarters?

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