Partnership Bank

Headquarters

W61 N529 Washington Avenue
Cedarburg, WI 53012
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

Partnership Bank is an FDIC insured institution located in Cedarburg, WI. It was founded in 1894 and has approximately $0.31 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 10007
Date Established 1894
Assets $ 316.21 million
Loans $ 277.48 million
Deposits $ 269.58 million
Capital $ 28.54 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Partnership 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

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4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Third Federal Savings and Loans
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2.990 %
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People's United Bank, N.A.
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4.000 %
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Note to Partnership Bank
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Branches

Partnership 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


Partnership Bank Locations


Financial Details

Partnership Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Partnership 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
Partnership Bank U.S. Bank Average
2.29% 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, Partnership Bank had $707,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $28,543,000 in equity and $2,286,000 in loans loss reserves. That gives it a Texas Ratio of 2.29%.

Return on Equity
Partnership Bank U.S. Bank Average
7.33% 7.80%

Partnership Bank has a Return on Equity of 7.33% 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
Partnership Bank U.S. Bank Average
9.03% 12.68%

Partnership Bank has a Capitalization of 9.03% 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.

Partnership Bank Balance Sheet Analysis

As of June 30, 2019, Partnership Bank had assets of $310,272,000, loans of $277,479,000, and deposits of $269,581,000. 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 $ 5.81 million
Interest-bearing balances $ 1.57 million
Total securities $ 16.93 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 277.48 million
Loan loss allowance $ 2.29 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.99 million
All other assets $ 2.48 million
     Total Assets $ 281.73 million
LIABILITIES
Total deposits $ 269.58 million
      Interest-bearing deposits $ 201.52 million
      Deposits held in domestic offices $ 269.58 million
      % insured (estimated) 81.98%
Federal funds purchased and repurchase agreements $ 1.41 million
Trading liabilities N.A.
Other borrowed funds $ 10.03 million
Subordinated debt N.A.
All other liabilities $ 0.72 million
      Total Liabilities $ 281.73 million
      Shareholders’ Equity $ 34.48 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 6.93 million
Total Interest Expense $ 1.27 million
Net interest income $ 5.66 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.76 million
Total non interest expense $ 5.73 million
Pre-tax Net Operating Income $ 0.69 million

Bank Loan Profile?

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

Compared to other banks in Wisconsin, Partnership Bank 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 26.79
Multifamily
Mortgages
10.06
Credit Card Loans 0.00
Consumer Auto Loans 0.05
Small Business Loans 9.82
Construction and Development Loans 9.16
Commercial Real Estate 33.31
Commercial and Industrial Loans 12.88
Farm Loans 1.07

Frequently Asked Questions About Partnership Bank

Branches and Savings

Is Partnership Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10007.

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

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

Why are Partnership Bank CD rates not competitive?

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

Is Partnership Bank a commercial bank?

Yes

Where are Partnership Bank locations?

See branch locations nearby.

Is Partnership Bank open on Saturdays?

Is Partnership Bank open on Sundays?

What time does Partnership Bank open?

What time does Partnership Bank close?

Are Partnership Bank ATMs Open 24/7?

Do Partnership Bank ATMs accept cash deposits?

Can Partnership Bank customers use other ATMs?

Do Partnership Bank branches have notaries?

Will Partnership Bank notarize my document?

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

Will the Partnership Bank branch print checks?

Do Partnership Bank checks expire?

Does Partnership Bank require US citizenship to open account?

Can Partnership Bank close my account?

Does Partnership Bank Report to credit bureaus?

Does Partnership Bank Use Equifax?

What is Partnership Bank's ACH Routing Number?

What is Partnership Bank's SWIFT code?

Products

Does Partnership Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Partnership Bank offer personal loans?

Compare personal loan rates here.

Does Partnership Bank offer student loans?

Will Partnership Bank cash a check?

Will Partnership Bank redeem a savings bond?

Does Partnership Bank cash savings bonds?

Will Partnership Bank cash money orders?

Can Partnership Bank issue a money order?

Does Partnership Bank do currency exchange?

Background on The Bank

Who owns Partnership Bank?

How long has Partnership Bank been around?

Can Partnership Bank transfer to other banks?

Does Partnership Bank have quick pay?

Does Partnership Bank accept rolled coins?

Will Partnership Bank accept loose change?

Where is Partnership Bank headquarters?

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