Neighbors Bank

Headquarters

101 East Chestnut
Clarence, MO 63437
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.60% →
1-Year CD N.A. 1.55% →
2-Year CD N.A. 1.45% →
5-Year CD N.A. 1.66% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Neighbors Bank is an FDIC insured institution located in Clarence, MO. It was founded in 1945 and has approximately $0.03 billion in assets.

FDIC Insured Yes
FDIC Certificate # 16247
Date Established 1945
Assets $ 31.63 million
Loans $ 18.47 million
Deposits $ 26.76 million
Capital $ 4.40 million
 

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

Deposit Rates - June 2, 2020

Your Current Location: Connecticut, CT 06828

Bank Offers

Neighbors Bank Stops Accepting New Savings Accounts
May 28, 2020

Neighbors Bank is no longer accepting new accounts.   This small MO-based bank had been offering customers across the country a 1.70% online savings rate.   As of the moment, they still appear to be extending that rate to customers who have already signed up, but they aren't taking new customers.



Loan Rates - June 2, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Neighbors 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

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.019% 3.000% 0.25 $625 $1,055 Learn More

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

Branches

Neighbors 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


Neighbors Bank Locations


Financial Details

Neighbors Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Neighbors 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
Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Neighbors Bank U.S. Bank Average
0.42% 6.51%

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 December 31, 2019, Neighbors Bank had $19,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $4,403,000 in equity and $111,000 in loans loss reserves. That gives it a Texas Ratio of 0.42%.

Return on Equity
Neighbors Bank U.S. Bank Average
1.25% 9.41%

Neighbors Bank has a Return on Equity of 1.25% versus the BestCashCow average of 9.41%. 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
Neighbors Bank U.S. Bank Average
13.92% 12.82%

Neighbors Bank has a Capitalization of 13.92% versus the BestCashCow average of 12.82. 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.

Neighbors Bank Balance Sheet Analysis

As of December 31, 2019, Neighbors Bank had assets of $31,634,000, loans of $18,471,000, and deposits of $26,762,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 6.67 million
Interest-bearing balances $ 3.60 million
Total securities $ 3.57 million
Federal funds sold and reverse repurchase $ 1.45 million
Net loans and leases $ 18.47 million
Loan loss allowance $ 0.11 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 $ 1.14 million
     Total Assets $ 27.23 million
LIABILITIES
Total deposits $ 26.76 million
      Interest-bearing deposits $ 19.49 million
      Deposits held in domestic offices $ 26.76 million
      % insured (estimated) 62.07%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.47 million
      Total Liabilities $ 27.23 million
      Shareholders’ Equity $ 4.40 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 0.98 million
Total Interest Expense $ 0.19 million
Net interest income $ 0.79 million
Provision for loan and lease losses N.A.
Total non interest income $ 2.34 million
Total non interest expense $ 3.08 million
Pre-tax Net Operating Income $ 0.05 million

Bank Loan Profile?

The top three loan types in Neighbors Bank’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Small Business Loans.

Compared to other banks in Missouri, Neighbors 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 43.63
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.01
Small Business Loans 6.48
Construction and Development Loans 0.00
Commercial Real Estate 6.48
Commercial and Industrial Loans 2.86
Farm Loans 17.32

Frequently Asked Questions About Neighbors Bank

Branches and Savings

Is Neighbors Bank FDIC insured?

Yes. It is covered under FDIC Certificate #16247.

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

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

Why are Neighbors Bank CD rates not competitive?

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

Is Neighbors Bank a commercial bank?

Yes

Where are Neighbors Bank locations?

See branch locations nearby.

Is Neighbors Bank open on Saturdays?

Is Neighbors Bank open on Sundays?

What time does Neighbors Bank open?

What time does Neighbors Bank close?

Are Neighbors Bank ATMs Open 24/7?

Do Neighbors Bank ATMs accept cash deposits?

Can Neighbors Bank customers use other ATMs?

Do Neighbors Bank branches have notaries?

Will Neighbors Bank notarize my document?

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

Will the Neighbors Bank branch print checks?

Do Neighbors Bank checks expire?

Does Neighbors Bank require US citizenship to open account?

Can Neighbors Bank close my account?

Does Neighbors Bank Report to credit bureaus?

Does Neighbors Bank Use Equifax?

What is Neighbors Bank's ACH Routing Number?

What is Neighbors Bank's SWIFT code?

Products

Does Neighbors Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Neighbors Bank offer personal loans?

Compare personal loan rates here.

Does Neighbors Bank offer student loans?

Will Neighbors Bank cash a check?

Will Neighbors Bank redeem a savings bond?

Does Neighbors Bank cash savings bonds?

Will Neighbors Bank cash money orders?

Can Neighbors Bank issue a money order?

Does Neighbors Bank do currency exchange?

Background on The Bank

Who owns Neighbors Bank?

How long has Neighbors Bank been around?

Can Neighbors Bank transfer to other banks?

Does Neighbors Bank have quick pay?

Does Neighbors Bank accept rolled coins?

Will Neighbors Bank accept loose change?

Where is Neighbors Bank headquarters?

Customer Reviews for Neighbors Bank

There are currently no comments for Neighbors Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →