New Market Bank

101 Old Town Road
Elko New Market, MN 55020


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1931
Date Established 1905
Assets $0.11 billion
Loans $0.07 billion
Deposits $0.10 billion
Capital $0.01 billion

New Market Bank is an FDIC insured institution located in Elko New Market, MN. It was founded in 1905 and has approximately $0.11 billion in assets. Customers can open an account at one of its 4 branches.

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

Deposit Rates - September 22, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.12% $1,000 $9,999 Learn MoreShow Less
Money Market
0.20% $10,000 $24,999 Learn MoreShow Less
Money Market
0.35% $25,000 $49,999 Learn MoreShow Less
3 Mo CD
0.15% $2,500 - Learn MoreShow Less
6 Mo CD
0.20% $2,500 - Learn MoreShow Less
Special: 9 Mo CD
0.40% $1,000 - Learn MoreShow Less
12 Mo CD
0.55% $1,000 - Learn MoreShow Less
18 Mo CD
0.75% $1,000 - Learn MoreShow Less
24 Mo CD
0.80% $500 - Learn MoreShow Less
36 Mo CD
1.00% $500 - Learn MoreShow Less
48 Mo CD
1.20% $500 - Learn MoreShow Less
60 Mo CD
1.55% $500 - Learn MoreShow Less

Fixed IRA
0.55% $500 - Learn MoreShow Less
Special: 9 Mo FIRA
0.40% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $1 - Learn MoreShow Less

Loan Rates - September 22, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for New Market 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 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
NMLS ID: 2890
License#: MC-3098
3.536% 3.500% 0.50 $1,108 $1,123 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to New Market Bank
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New Market Bank Locations

Financial Details

New Market Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of New Market Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
New Market Bank U.S. Bank Average
13.36% 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, New Market Bank had $461,000 in non-current loans and $844,000 in owned real estate. To cover these potential losses it had $8,973,000 in equity and $797,000 in loans loss reserves. That gives it a Texas Ratio of 13.36%.

Return on Equity
New Market Bank U.S. Bank Average
3.35% 9.47%

New Market Bank has a Return on Equity of 3.35% 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.

New Market Bank U.S. Bank Average
7.9% 12.49%

New Market Bank has a Capitalization of 7.9% 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.

New Market Bank Balance Sheet Analysis

As of March 31, 2019, New Market Bank had assets of $113,579,000, loans of $71,027,000, and deposits of $104,142,000. 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
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.03 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 $0.10 billion
Total deposits $0.10 billion
      Interest-bearing deposits $0.07 billion
      Deposits held in domestic offices $0.10 billion
      % insured (estimated) 85.77%
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 $0.10 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

March 31, 2019
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 New Market Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Minnesota, New Market Bank has a significantly higher percent of Construction and Development Loans, Commercial Real Estate 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 22.76
Credit Card Loans 0.00
Consumer Auto Loans 0.60
Small Business Loans 0.00
Construction and Development Loans 10.77
Commercial Real Estate 41.82
Commercial and Industrial Loans 14.25
Farm Loans 0.00

Frequently Asked Questions About New Market Bank

Branches and Savings

Is New Market Bank FDIC insured?

Yes. It is covered under FDIC Certificate #1931.

Why does New Market Bank pay such low interest on savings accounts?

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

Why are New Market Bank CD rates not competitive?

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

Is New Market Bank a commercial bank?


Where are New Market Bank locations?

See branch locations nearby.

Is New Market Bank open on Saturdays?

Is New Market Bank open on Sundays?

What time does New Market Bank open?

What time does New Market Bank close?

Are New Market Bank ATMs Open 24/7?

Do New Market Bank ATMs accept cash deposits?

Can New Market Bank customers use other ATMs?

Do New Market Bank branches have notaries?

Will New Market Bank notarize my document?

What address for New Market Bank should I put for incoming ACH transfers?

Will the New Market Bank branch print checks?

Do New Market Bank checks expire?

Does New Market Bank require US citizenship to open account?

Can New Market Bank close my account?

Does New Market Bank Report to credit bureaus?

Does New Market Bank Use Equifax?

What is New Market Bank's ACH Routing Number?

What is New Market Bank's SWIFT code?


Does New Market Bank offer mortgages?

Compare mortgage rates here.

Does New Market Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does New Market Bank offer personal loans?

Compare personal loan rates here.

Does New Market Bank offer student loans?

Will New Market Bank cash a check?

Will New Market Bank redeem a savings bond?

Does New Market Bank cash savings bonds?

Will New Market Bank cash money orders?

Can New Market Bank issue a money order?

Does New Market Bank do currency exchange?

Background on The Bank

Who owns New Market Bank?

How long has New Market Bank been around?

Can New Market Bank transfer to other banks?

Does New Market Bank have quick pay?

Does New Market Bank accept rolled coins?

Will New Market Bank accept loose change?

Where is New Market Bank headquarters?

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