Profinium, Inc.

414 North Fifth Avenue East
Truman, MN 56088

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1905
Date Established 1916
Assets $0.38 billion
Loans $0.29 billion
Deposits $0.32 billion
Capital $0.04 billion

Profinium, Inc. is an FDIC insured institution located in Truman, MN. It was founded in 1916 and has approximately $0.38 billion in assets. Customers can open an account at one of its 4 branches.

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

Deposit Rates - August 19, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
CD Rates APY MIN MAX
6 Mo CD
0.27% $500 - Learn MoreShow Less
12 Mo CD
1.01% $500 - Learn MoreShow Less
18 Mo CD
1.11% $500 - Learn MoreShow Less
24 Mo CD
1.21% $500 - Learn MoreShow Less
36 Mo CD
1.51% $500 - Learn MoreShow Less
48 Mo CD
1.92% $500 - Learn MoreShow Less
60 Mo CD
2.05% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.01% $5,000 - Learn MoreShow Less
Checking Rates APY MIN FEE
Kasasa Cash 3.03% $0 $0.00 Learn MoreShow Less

Loan Rates - August 19, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Profinium, Inc.

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
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.530% 3.500% 0.38 $940 $1,123 Learn More
First Internet Bank
NMLS ID: 424182
3.641% 3.625% 0.25 $502 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Profinium, Inc.
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Branches

Profinium, Inc. 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


Profinium, Inc. Locations


Financial Details

Profinium, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Profinium, Inc.. 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
Profinium, Inc. U.S. Bank Average
7.69% 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, Profinium, Inc. had $3,168,000 in non-current loans and $299,000 in owned real estate. To cover these potential losses it had $41,508,000 in equity and $3,604,000 in loans loss reserves. That gives it a Texas Ratio of 7.69%.

Return on Equity
Profinium, Inc. U.S. Bank Average
7.46% 9.47%

Profinium, Inc. has a Return on Equity of 7.46% 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.

Capitalization
Profinium, Inc. U.S. Bank Average
10.9% 12.49%

Profinium, Inc. has a Capitalization of 10.9% 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.

Profinium, Inc. Balance Sheet Analysis

As of March 31, 2019, Profinium, Inc. had assets of $380,962,000, loans of $288,618,000, and deposits of $324,706,000. 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
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.02 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.29 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 $0.01 billion
     Total Assets $0.34 billion
LIABILITIES
Total deposits $0.32 billion
      Interest-bearing deposits $0.27 billion
      Deposits held in domestic offices $0.32 billion
      % insured (estimated) 81.53%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.34 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
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 Profinium, Inc.’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Farm Loans.

Compared to other banks in Minnesota, Profinium, Inc. has a significantly higher percent of Multifamily Mortgages 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 16.18
Multifamily
Mortgages
11.12
Credit Card Loans 0.01
Consumer Auto Loans 0.52
Small Business Loans 0.00
Construction and Development Loans 7.43
Commercial Real Estate 26.22
Commercial and Industrial Loans 11.53
Farm Loans 11.78

Frequently Asked Questions About Profinium, Inc.

Branches and Savings

Is Profinium, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #1905.

Why does Profinium, Inc. pay such low interest on savings accounts?

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

Why are Profinium, Inc. CD rates not competitive?

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

Is Profinium, Inc. a commercial bank?

Yes

Where are Profinium, Inc. locations?

See branch locations nearby.

Is Profinium, Inc. open on Saturdays?

Is Profinium, Inc. open on Sundays?

What time does Profinium, Inc. open?

What time does Profinium, Inc. close?

Are Profinium, Inc. ATMs Open 24/7?

Do Profinium, Inc. ATMs accept cash deposits?

Can Profinium, Inc. customers use other ATMs?

Do Profinium, Inc. branches have notaries?

Will Profinium, Inc. notarize my document?

What address for Profinium, Inc. should I put for incoming ACH transfers?

Will the Profinium, Inc. branch print checks?

Do Profinium, Inc. checks expire?

Does Profinium, Inc. require US citizenship to open account?

Can Profinium, Inc. close my account?

Does Profinium, Inc. Report to credit bureaus?

Does Profinium, Inc. Use Equifax?

What is Profinium, Inc.'s ACH Routing Number?

What is Profinium, Inc.'s SWIFT code?

Products

Does Profinium, Inc. offer mortgages?

Compare mortgage rates here.

Does Profinium, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Profinium, Inc. offer personal loans?

Compare personal loan rates here.

Does Profinium, Inc. offer student loans?

Will Profinium, Inc. cash a check?

Will Profinium, Inc. redeem a savings bond?

Does Profinium, Inc. cash savings bonds?

Will Profinium, Inc. cash money orders?

Can Profinium, Inc. issue a money order?

Does Profinium, Inc. do currency exchange?

Background on The Bank

Who owns Profinium, Inc.?

How long has Profinium, Inc. been around?

Can Profinium, Inc. transfer to other banks?

Does Profinium, Inc. have quick pay?

Does Profinium, Inc. accept rolled coins?

Will Profinium, Inc. accept loose change?

Where is Profinium, Inc. headquarters?

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