Preferred Bank

Headquarters

205 Main St
Rothville, MO 64676
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.40% 1.01% →
2-Year CD 0.65% 0.95% →
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

Preferred Bank is an FDIC insured institution located in Rothville, MO. It was founded in 1904 and has approximately $0.11 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 10628
Date Established 1904
Assets $ 114.45 million
Loans $ 36.01 million
Deposits $ 105.57 million
Capital $ 8.80 million
 

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

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.03% $2,500 $2,999 Learn More
Money Market
0.08% $10,000 $14,999 Learn More
Money Market
0.08% $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
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.65% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Preferred 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Preferred Bank
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Branches

Preferred 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


Preferred Bank Locations


Financial Details

Preferred Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Preferred 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
Preferred Bank U.S. Bank Average
14.49% 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, Preferred Bank had $190,000 in non-current loans and $1,146,000 in owned real estate. To cover these potential losses it had $8,795,000 in equity and $425,000 in loans loss reserves. That gives it a Texas Ratio of 14.49%.

Return on Equity
Preferred Bank U.S. Bank Average
16.14% 7.80%

Preferred Bank has a Return on Equity of 16.14% 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
Preferred Bank U.S. Bank Average
7.68% 12.68%

Preferred Bank has a Capitalization of 7.68% 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.

Preferred Bank Balance Sheet Analysis

As of March 31, 2020, Preferred Bank had assets of $114,454,000, loans of $36,007,000, and deposits of $105,573,000. 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 $ 15.89 million
Interest-bearing balances $ 13.25 million
Total securities $ 57.43 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 36.01 million
Loan loss allowance $ 0.43 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.15 million
Goodwill and other intangibles $ 0.10 million
All other assets $ 0.87 million
     Total Assets $ 105.66 million
LIABILITIES
Total deposits $ 105.57 million
      Interest-bearing deposits $ 78.39 million
      Deposits held in domestic offices $ 105.57 million
      % insured (estimated) 84.82%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.09 million
      Total Liabilities $ 105.66 million
      Shareholders’ Equity $ 8.80 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.88 million
Total Interest Expense $ 0.11 million
Net interest income $ 0.77 million
Provision for loan and lease losses $ 0.00 million
Total non interest income $ 0.12 million
Total non interest expense $ 0.67 million
Pre-tax Net Operating Income $ 0.22 million

Bank Loan Profile?

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

Compared to other banks, Preferred Bank’s loan portfolio does not show any specific loan specialty.

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 34.13
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 4.67
Small Business Loans 0.00
Construction and Development Loans 3.08
Commercial Real Estate 15.29
Commercial and Industrial Loans 12.08
Farm Loans 6.26

Frequently Asked Questions About Preferred Bank

Branches and Savings

Is Preferred Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10628.

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

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

Why are Preferred Bank CD rates not competitive?

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

Is Preferred Bank a commercial bank?

Yes

Where are Preferred Bank locations?

See branch locations nearby.

Is Preferred Bank open on Saturdays?

Is Preferred Bank open on Sundays?

What time does Preferred Bank open?

What time does Preferred Bank close?

Are Preferred Bank ATMs Open 24/7?

Do Preferred Bank ATMs accept cash deposits?

Can Preferred Bank customers use other ATMs?

Do Preferred Bank branches have notaries?

Will Preferred Bank notarize my document?

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

Will the Preferred Bank branch print checks?

Do Preferred Bank checks expire?

Does Preferred Bank require US citizenship to open account?

Can Preferred Bank close my account?

Does Preferred Bank Report to credit bureaus?

Does Preferred Bank Use Equifax?

What is Preferred Bank's ACH Routing Number?

What is Preferred Bank's SWIFT code?

Products

Does Preferred Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Preferred Bank offer personal loans?

Compare personal loan rates here.

Does Preferred Bank offer student loans?

Will Preferred Bank cash a check?

Will Preferred Bank redeem a savings bond?

Does Preferred Bank cash savings bonds?

Will Preferred Bank cash money orders?

Can Preferred Bank issue a money order?

Does Preferred Bank do currency exchange?

Background on The Bank

Who owns Preferred Bank?

How long has Preferred Bank been around?

Can Preferred Bank transfer to other banks?

Does Preferred Bank have quick pay?

Does Preferred Bank accept rolled coins?

Will Preferred Bank accept loose change?

Where is Preferred Bank headquarters?

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