Patriots Bank

131 East Fourth Avenue
Garnett, KS 66032

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 18019
Date Established 1899
Assets $0.12 billion
Loans $0.09 billion
Deposits $0.11 billion
Capital $0.01 billion

Patriots Bank is an FDIC insured institution located in Garnett, KS. It was founded in 1899 and has approximately $0.12 billion in assets. Customers can open an account at one of its 7 branches.

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

Bank Loan Profile?

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

Compared to other banks in Kansas, Patriots Bank has a significantly higher percent of Small Business 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 22.61
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.30
Small Business Loans 28.80
Construction and Development Loans 6.06
Commercial Real Estate 46.40
Commercial and Industrial Loans 7.80
Farm Loans 3.64

Deposit Rates - June 26, 2019

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $1 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.50% $500 - Learn MoreShow Less
6 Mo CD
0.75% $500 - Learn MoreShow Less
12 Mo CD
1.26% $500 - Learn MoreShow Less
24 Mo CD
1.51% $500 - Learn MoreShow Less
36 Mo CD
2.27% $500 - Learn MoreShow Less
48 Mo CD
2.32% $500 - Learn MoreShow Less
60 Mo CD
2.43% $500 - Learn MoreShow Less

Variable IRA Rates APY MIN MAX
Var IRA
1.00% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1 - Learn MoreShow Less

Loan Rates - June 26, 2019

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Patriots Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
5.490 %
N/A Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

Note to Patriots Bank
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Branches

Patriots 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:
Seattle,Washington


Patriots Bank Locations


Financial Details

Patriots Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Patriots 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
Patriots Bank U.S. Bank Average
0% 6.97%

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 December 31, 2018, Patriots Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $11,537,000 in equity and $890,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Patriots Bank U.S. Bank Average
12.35% 8.80%

Patriots Bank has a Return on Equity of 12.35% versus the BestCashCow average of 8.80%. 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
Patriots Bank U.S. Bank Average
9.4% 12.29%

Patriots Bank has a Capitalization of 9.4% versus the BestCashCow average of 12.29. 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.

Patriots Bank Balance Sheet Analysis

As of December 31, 2018, Patriots Bank had assets of $122,728,000, loans of $87,051,000, and deposits of $106,171,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.09 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 $0.11 billion
LIABILITIES
Total deposits $0.11 billion
      Interest-bearing deposits $0.09 billion
      Deposits held in domestic offices $0.11 billion
      % insured (estimated) 85.99%
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 $0.11 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 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

Frequently Asked Questions About Patriots Bank

Branches and Savings

Is Patriots Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18019.

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

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

Why are Patriots Bank CD rates not competitive?

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

Is Patriots Bank a commercial bank?

Yes

Where are Patriots Bank locations?

See branch locations nearby.

Is Patriots Bank open on Saturdays?

Is Patriots Bank open on Sundays?

What time does Patriots Bank open?

What time does Patriots Bank close?

Are Patriots Bank ATMs Open 24/7?

Do Patriots Bank ATMs accept cash deposits?

Can Patriots Bank customers use other ATMs?

Do Patriots Bank branches have notaries?

Will Patriots Bank notarize my document?

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

Will the Patriots Bank branch print checks?

Do Patriots Bank checks expire?

Does Patriots Bank require US citizenship to open account?

Can Patriots Bank close my account?

Does Patriots Bank Report to credit bureaus?

Does Patriots Bank Use Equifax?

What is Patriots Bank's ACH Routing Number?

What is Patriots Bank's SWIFT code?

Products

Does Patriots Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Patriots Bank offer personal loans?

Compare personal loan rates here.

Does Patriots Bank offer student loans?

Will Patriots Bank cash a check?

Will Patriots Bank redeem a savings bond?

Does Patriots Bank cash savings bonds?

Will Patriots Bank cash money orders?

Can Patriots Bank issue a money order?

Does Patriots Bank do currency exchange?

Background on The Bank

Who owns Patriots Bank?

How long has Patriots Bank been around?

Can Patriots Bank transfer to other banks?

Does Patriots Bank have quick pay?

Does Patriots Bank accept rolled coins?

Will Patriots Bank accept loose change?

Where is Patriots Bank headquarters?

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