Providence Bank

Headquarters

3855 Forum Boulevard
Columbia, MO 65203
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.60% →
1-Year CD 0.25% 1.55% →
2-Year CD 0.40% 1.45% →
5-Year CD 0.60% 1.66% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Providence Bank is an FDIC insured institution located in Columbia, MO. It was founded in 1888 and has approximately $1.07 billion in assets. Customers can open an account at one of its 14 branches.

FDIC Insured Yes
FDIC Certificate # 1643
Date Established 1888
Assets $ 1,070.09 million
Loans $ 798.41 million
Deposits $ 800.01 million
Capital $ 162.40 million
 

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

Deposit Rates - June 3, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $1 $99,999 Learn More
Money Market
0.10% $1,000 $9,999 Learn More
Money Market
0.10% $10,000 $24,999 Learn More
Money Market
0.15% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $1,000 - Learn More
6 Mo CD
0.15% $1,000 - Learn More
Special: 9 Mo CD
0.80% $2,500 - Learn More
12 Mo CD
0.25% $1,000 - Learn More
18 Mo CD
0.30% $1,000 - Learn More
24 Mo CD
0.40% $1,000 - Learn More
36 Mo CD
0.45% $1,000 - Learn More
48 Mo CD
0.50% $1,000 - Learn More
60 Mo CD
0.60% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.25% $1,000 - Learn MoreShow Less
Special: 9 Mo FIRA
0.80% $2,500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $999 Learn MoreShow Less
Int Ckg
0.15% $1,000 - Learn MoreShow Less

Loan Rates - June 3, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Providence 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

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.019% 3.000% 0.25 $625 $1,055 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Note to Providence Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Providence 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


Providence Bank Locations


Financial Details

Providence Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Providence 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
Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Providence Bank U.S. Bank Average
4.63% 6.51%

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 December 31, 2019, Providence Bank had $5,481,000 in non-current loans and $2,426,000 in owned real estate. To cover these potential losses it had $162,397,000 in equity and $8,321,000 in loans loss reserves. That gives it a Texas Ratio of 4.63%.

Return on Equity
Providence Bank U.S. Bank Average
5.75% 9.41%

Providence Bank has a Return on Equity of 5.75% versus the BestCashCow average of 9.41%. 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
Providence Bank U.S. Bank Average
15.18% 12.82%

Providence Bank has a Capitalization of 15.18% versus the BestCashCow average of 12.82. 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.

Providence Bank Balance Sheet Analysis

As of December 31, 2019, Providence Bank had assets of $1,070,090,000, loans of $798,414,000, and deposits of $800,011,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 19.76 million
Interest-bearing balances $ 14.20 million
Total securities $ 158.30 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 798.41 million
Loan loss allowance $ 8.32 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.43 million
Goodwill and other intangibles $ 20.75 million
All other assets $ 45.83 million
     Total Assets $ 907.69 million
LIABILITIES
Total deposits $ 800.01 million
      Interest-bearing deposits $ 666.91 million
      Deposits held in domestic offices $ 800.01 million
      % insured (estimated) 82.85%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 100.69 million
Subordinated debt N.A.
All other liabilities $ 7.00 million
      Total Liabilities $ 907.69 million
      Shareholders’ Equity $ 162.40 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 47.20 million
Total Interest Expense $ 13.20 million
Net interest income $ 34.01 million
Provision for loan and lease losses $ 2.13 million
Total non interest income $ 6.24 million
Total non interest expense $ 29.20 million
Pre-tax Net Operating Income $ 8.93 million

Bank Loan Profile?

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

Compared to other banks in Missouri, Providence Bank has a significantly higher percent of Multifamily Mortgages, Commercial and Industrial 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 11.81
Multifamily
Mortgages
11.39
Credit Card Loans 0.00
Consumer Auto Loans 0.25
Small Business Loans 7.48
Construction and Development Loans 10.39
Commercial Real Estate 29.67
Commercial and Industrial Loans 28.63
Farm Loans 0.06

Frequently Asked Questions About Providence Bank

Branches and Savings

Is Providence Bank FDIC insured?

Yes. It is covered under FDIC Certificate #1643.

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

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

Why are Providence Bank CD rates not competitive?

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

Is Providence Bank a commercial bank?

Yes

Where are Providence Bank locations?

See branch locations nearby.

Is Providence Bank open on Saturdays?

Is Providence Bank open on Sundays?

What time does Providence Bank open?

What time does Providence Bank close?

Are Providence Bank ATMs Open 24/7?

Do Providence Bank ATMs accept cash deposits?

Can Providence Bank customers use other ATMs?

Do Providence Bank branches have notaries?

Will Providence Bank notarize my document?

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

Will the Providence Bank branch print checks?

Do Providence Bank checks expire?

Does Providence Bank require US citizenship to open account?

Can Providence Bank close my account?

Does Providence Bank Report to credit bureaus?

Does Providence Bank Use Equifax?

What is Providence Bank's ACH Routing Number?

What is Providence Bank's SWIFT code?

Products

Does Providence Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Providence Bank offer personal loans?

Compare personal loan rates here.

Does Providence Bank offer student loans?

Will Providence Bank cash a check?

Will Providence Bank redeem a savings bond?

Does Providence Bank cash savings bonds?

Will Providence Bank cash money orders?

Can Providence Bank issue a money order?

Does Providence Bank do currency exchange?

Background on The Bank

Who owns Providence Bank?

How long has Providence Bank been around?

Can Providence Bank transfer to other banks?

Does Providence Bank have quick pay?

Does Providence Bank accept rolled coins?

Will Providence Bank accept loose change?

Where is Providence Bank headquarters?

Customer Reviews for Providence Bank


  • July 21, 2017 |

    CDs 9 Month Rates

    DO NOT USE THIS BANK. I took out a CD and got the contract, but Providence reneged on the contract and did not compensate me for their early retirement as they would charge me if I were to withdraw.

  • July 05, 2017

    CDs 15 Month Rates

    This bank does not honor Lineal Decent and they tried to back out of their contract. They charge a $50 fee and 6 month penalty if you try to back out.

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