Neighbors Bank

Headquarters

109 East St
Clarence, MO 63437
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 5.50% →
2-Year CD N.A. 5.00% →
5-Year CD N.A. 4.61% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Neighbors Bank is an FDIC insured institution located in Clarence, MO. It was founded in 1945 and has approximately $0.07 billion in assets.

FDIC Insured Yes
FDIC Certificate # 16247
Date Established 1945
Assets $ 66.18 million
Loans $ 41.20 million
Deposits $ 54.16 million
Capital $ 9.66 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 - February 23, 2024

Your Current Location: Virginia, VA 20146

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 - February 23, 2024

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
Learn More
Neighbors Bank
NMLS ID: 491986

points
fees
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MortgageResearch.com
NMLS ID: Not a Lender

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fees
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FHAloans.com
NMLS ID: Not a Lender

points
fees
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Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Neighbors Bank
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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:
Ashburn,Virginia


Neighbors Bank Locations



Climate Initiatives

Neighbors Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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
Neighbors Bank U.S. Bank Average
3.55% 4.13%

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 September 30, 2023, Neighbors Bank had $69,000 in non-current loans and $280,000 in owned real estate. To cover these potential losses it had $9,661,000 in equity and $182,000 in loans loss reserves. That gives it a Texas Ratio of 3.55%.

Return on Equity
Neighbors Bank U.S. Bank Average
-39.85% 26.02%

Neighbors Bank has a Return on Equity of -39.85% versus the BestCashCow average of 26.02%. 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
14.6% 10.23%

Neighbors Bank has a Capitalization of 14.6% versus the BestCashCow average of 10.23. 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 September 30, 2023, Neighbors Bank had assets of $66,179,000, loans of $41,202,000, and deposits of $54,158,000. 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

September 30, 2023
ASSETS
Cash & Balances due from depository institutions $ 12.94 million
Interest-bearing balances $ 9.08 million
Total securities $ 8.78 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 41.20 million
Loan loss allowance $ 0.18 million
Trading account assets $ 0.21 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.28 million
Goodwill and other intangibles N.A.
All other assets $ 2.29 million
     Total Assets $ 56.52 million
LIABILITIES
Total deposits $ 54.16 million
      Interest-bearing deposits $ 45.04 million
      Deposits held in domestic offices $ 54.16 million
      % insured (estimated) 73.65%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.30 million
Subordinated debt N.A.
All other liabilities $ 1.45 million
      Total Liabilities $ 56.52 million
      Shareholders’ Equity $ 9.66 million

Summary Income Statement

September 30, 2023
INCOME AND EXPENSES
Total Interest Income $ 2.24 million
Total Interest Expense $ 0.99 million
Net interest income $ 1.26 million
Provision for loan and lease losses N.A.
Total non interest income $ 12.12 million
Total non interest expense $ 16.37 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Missouri, Neighbors Bank has a significantly higher percent of 1-4 Family Residential 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 45.68
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.42
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 1.83
Commercial and Industrial Loans 2.01
Farm Loans 8.61

Customer Reviews for Neighbors Bank


  • October 18, 2021 |

    Very shady feel throughout the application process. They sold my info to other banks and junk companies so I assume that is their goal. They will sell your mortgage ASAP. Buyer beware....scammy


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