Resolute Bank

3425 Briarfield Boulevard Suite 100
Maumee, OH 43537

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58317
Date Established 2006
Assets $0.04 billion
Loans $0.03 billion
Deposits $0.03 billion
Capital $0.00 billion

Resolute Bank is an FDIC insured institution located in Maumee, OH. It was founded in 2006 and has approximately $0.04 billion in assets.

For a more detailed analysis of Resolute 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 Resolute Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Ohio, Resolute Bank has a significantly higher percent of 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 56.43
Multifamily
Mortgages
0.17
Credit Card Loans 0.00
Consumer Auto Loans 0.17
Small Business Loans 11.13
Construction and Development Loans 0.57
Commercial Real Estate 15.49
Commercial and Industrial Loans 25.12
Farm Loans 0.00

Loan Rates

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Branches

Resolute Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Resolute Bank Locations

Financial Details

Resolute Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Resolute 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
Resolute Bank U.S. Bank Average
11.41% 8.87%

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of March 31, 2017, Resolute Bank had $384,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,867,000 in equity and $498,000 in loans loss reserves. That gives it a Texas Ratio of 11.41%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Resolute Bank U.S. Bank Average
-68.39% 8.39%

Resolute Bank has a Return on Equity of -68.39% versus the BestCashCow average of 8.39%. 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
Resolute Bank U.S. Bank Average
7.48% 11.94%

Resolute Bank has a Capitalization of 7.48% versus the BestCashCow average of 11.94%. 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.

Resolute Bank Balance Sheet Analysis

As of March 31, 2017, Resolute Bank had assets of $38,351,000, loans of $29,960,000, and deposits of $34,095,000. 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.

Customer Reviews for Resolute Bank


  • thairston1970@gmail.com

    June 27, 2017

    We had been sent letters from this company for months before we decided to take a chance on them . Worse mistake ever, we told the rep Jonathan from the start our credit score was low. He promised us that would not matter . Every time my husband spoke to him he asked if there was anything else's they needed and every time he was told no every thing was fine. 3 days before close he called and said he had to have proof the HOA was paid up , which was an issue because the HOA was out of town on business. He explained once we got that in everything was a done and even sent us papers with the new mortgage rate. Fast forward it to today and spoke to the underwriters who tell us they went back 16 years and found things hat we had no idea was there. My suggestion to anyone that reads this avoid them at all cost we got lied to from day one. I personal spoke to the underwriters and the loan rep and told both of them this company is horrible. For anyone that gets the letters in the mail dontourself a huge favor and throw them in the trash.

  • debrabechler@yahoo.com

    December 18, 2016

    I got pre qualified and did all the paperwork they said I needed. Sold my home and promptly put a offer in to buy in with a reverse mortgage , two months later and asking the buyers for a fourth extension I don't know where I stand, they ask for ridiculous paperwork every other day, it is stressful and humiliating.this has been a horrible experience I would never recommend resolute bank to anyone, it's bad enough they're working with seniors who need some relief with living expenses they have to humiliate us too, im sorry I put my future in their hands,

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