Normangee State Bank

Headquarters

202 Main Street
Normangee, TX 77871
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.30% 0.95% →
1-Year CD 0.75% 1.01% →
2-Year CD 1.00% 0.95% →
5-Year CD N.A. 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Normangee State Bank is an FDIC insured institution located in Normangee, TX. It was founded in 1912 and has approximately $0.12 billion in assets.

FDIC Insured Yes
FDIC Certificate # 3368
Date Established 1912
Assets $ 121.32 million
Loans $ 68.51 million
Deposits $ 100.30 million
Capital $ 20.58 million
 

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

Deposit Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.30% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.35% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.75% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
18 Mo CD
0.80% $10,000 $14,999 Learn More
18 Mo CD
0.80% $100,000 $199,999 Learn More
24 Mo CD
1.00% $10,000 $14,999 Learn More
24 Mo CD
1.00% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Normangee State 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.674% 2.625% 0.63 $1,595 $1,005 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Normangee State Bank
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Branches

Normangee State 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


Normangee State Bank Locations


Financial Details

Normangee State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Normangee State 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
Normangee State Bank U.S. Bank Average
12.98% 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, Normangee State Bank had $2,079,000 in non-current loans and $805,000 in owned real estate. To cover these potential losses it had $20,580,000 in equity and $1,637,000 in loans loss reserves. That gives it a Texas Ratio of 12.98%.

Return on Equity
Normangee State Bank U.S. Bank Average
5.9% 7.80%

Normangee State Bank has a Return on Equity of 5.9% 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
Normangee State Bank U.S. Bank Average
16.96% 12.68%

Normangee State Bank has a Capitalization of 16.96% 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.

Normangee State Bank Balance Sheet Analysis

As of March 31, 2020, Normangee State Bank had assets of $121,315,000, loans of $68,507,000, and deposits of $100,299,000. 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 $ 12.35 million
Interest-bearing balances $ 10.38 million
Total securities $ 35.34 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 68.51 million
Loan loss allowance $ 1.64 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.81 million
Goodwill and other intangibles N.A.
All other assets $ 0.81 million
     Total Assets $ 100.74 million
LIABILITIES
Total deposits $ 100.30 million
      Interest-bearing deposits $ 69.14 million
      Deposits held in domestic offices $ 100.30 million
      % insured (estimated) 81.47%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.44 million
      Total Liabilities $ 100.74 million
      Shareholders’ Equity $ 20.58 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.42 million
Total Interest Expense $ 0.18 million
Net interest income $ 1.24 million
Provision for loan and lease losses $ 0.15 million
Total non interest income $ 0.14 million
Total non interest expense $ 0.86 million
Pre-tax Net Operating Income $ 0.36 million

Bank Loan Profile?

The top three loan types in Normangee State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Consumer Auto Loans.

Compared to other banks in Texas, Normangee State 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 47.79
Multifamily
Mortgages
2.40
Credit Card Loans 0.00
Consumer Auto Loans 6.06
Small Business Loans 0.00
Construction and Development Loans 1.24
Commercial Real Estate 18.48
Commercial and Industrial Loans 4.98
Farm Loans 5.27

Frequently Asked Questions About Normangee State Bank

Branches and Savings

Is Normangee State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #3368.

Why does Normangee State Bank pay such low interest on savings accounts?

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

Why are Normangee State Bank CD rates not competitive?

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

Is Normangee State Bank a commercial bank?

Yes

Where are Normangee State Bank locations?

See branch locations nearby.

Is Normangee State Bank open on Saturdays?

Is Normangee State Bank open on Sundays?

What time does Normangee State Bank open?

What time does Normangee State Bank close?

Are Normangee State Bank ATMs Open 24/7?

Do Normangee State Bank ATMs accept cash deposits?

Can Normangee State Bank customers use other ATMs?

Do Normangee State Bank branches have notaries?

Will Normangee State Bank notarize my document?

What address for Normangee State Bank should I put for incoming ACH transfers?

Will the Normangee State Bank branch print checks?

Do Normangee State Bank checks expire?

Does Normangee State Bank require US citizenship to open account?

Can Normangee State Bank close my account?

Does Normangee State Bank Report to credit bureaus?

Does Normangee State Bank Use Equifax?

What is Normangee State Bank's ACH Routing Number?

What is Normangee State Bank's SWIFT code?

Products

Does Normangee State Bank offer mortgages?

Compare mortgage rates here.

Does Normangee State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Normangee State Bank offer personal loans?

Compare personal loan rates here.

Does Normangee State Bank offer student loans?

Will Normangee State Bank cash a check?

Will Normangee State Bank redeem a savings bond?

Does Normangee State Bank cash savings bonds?

Will Normangee State Bank cash money orders?

Can Normangee State Bank issue a money order?

Does Normangee State Bank do currency exchange?

Background on The Bank

Who owns Normangee State Bank?

How long has Normangee State Bank been around?

Can Normangee State Bank transfer to other banks?

Does Normangee State Bank have quick pay?

Does Normangee State Bank accept rolled coins?

Will Normangee State Bank accept loose change?

Where is Normangee State Bank headquarters?

Customer Reviews for Normangee State Bank


  • May 01, 2016

    I have had this bank for the past 10 years and I would not want to change banks due to friendly customer service over the phone as I live a hundred miles from this bank. I always get my questions answered on time and with respect and concern. They know me by name. This is something other banks that I have could not compete with. I am a member of PENFED and they always tell me to switch my checking acct to them. I say than nobody would know who I am if I called and needed money transferred. Normangee State bank feel like a person and not a bank acct number. While serving in Iraq, these people knew who I was and could help me with any concerns I had. Keep up the good work!!

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