IncredibleBank

Headquarters

327 North 17th Avenue
Wausau, WI 54401
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.80% 1.15% →
2-Year CD 0.95% 1.26% →
5-Year CD 1.10% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

IncredibleBank is an FDIC insured institution located in Wausau, WI. It was founded in 1967 and has approximately $1.4 billion in assets. Customers can open an account at one of its 20 branches.

FDIC Insured Yes
FDIC Certificate # 19772
Date Established 1967
Assets $ 1,399.93 million
Loans $ 1,052.23 million
Deposits $ 1,151.32 million
Capital $ 134.40 million
 

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

Deposit Rates - July 6, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $1,000 $9,999 Learn More
Money Market
0.01% $1 $9,999 Learn More
Money Market
0.25% $10,000 $49,999 Learn More
CD Rates APY MIN MAX
12 Mo CD
0.80% $1,000 - Learn More
24 Mo CD
0.95% $1,000 - Learn More
36 Mo CD
1.10% $1,000 - Learn More
60 Mo CD
1.10% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.80% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $100 - Learn MoreShow Less

Online Only CD Rates of Incredible Bank

Online CD Rates APY MIN MAX
12 Month CD
0.80% $1,000 - Learn More
24 Month CD
0.95% $1,000 - Learn More
36 Month CD
1.10% $1,000 - Learn More

Bank Online Offers


Loan Rates - July 6, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for IncredibleBank

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

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

Branches

IncredibleBank 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


IncredibleBank Locations


Financial Details

IncredibleBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of IncredibleBank. 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
IncredibleBank U.S. Bank Average
6.91% 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, IncredibleBank had $6,450,000 in non-current loans and $3,380,000 in owned real estate. To cover these potential losses it had $134,396,000 in equity and $7,800,000 in loans loss reserves. That gives it a Texas Ratio of 6.91%.

Return on Equity
IncredibleBank U.S. Bank Average
16.74% 9.41%

IncredibleBank has a Return on Equity of 16.74% 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
IncredibleBank U.S. Bank Average
9.6% 12.82%

IncredibleBank has a Capitalization of 9.6% 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.

IncredibleBank Balance Sheet Analysis

As of December 31, 2019, IncredibleBank had assets of $1,399,926,000, loans of $1,052,227,000, and deposits of $1,151,322,000. 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 $ 42.03 million
Interest-bearing balances $ 14.35 million
Total securities $ 204.48 million
Federal funds sold and reverse repurchase $ 1.57 million
Net loans and leases $ 1,052.23 million
Loan loss allowance $ 7.80 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.38 million
Goodwill and other intangibles $ 23.97 million
All other assets $ 44.05 million
     Total Assets $ 1,265.53 million
LIABILITIES
Total deposits $ 1,151.32 million
      Interest-bearing deposits $ 943.24 million
      Deposits held in domestic offices $ 1,151.32 million
      % insured (estimated) 76.22%
Federal funds purchased and repurchase agreements $ 0.00 million
Trading liabilities N.A.
Other borrowed funds $ 95.00 million
Subordinated debt N.A.
All other liabilities $ 19.21 million
      Total Liabilities $ 1,265.53 million
      Shareholders’ Equity $ 134.40 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 63.67 million
Total Interest Expense $ 13.09 million
Net interest income $ 50.58 million
Provision for loan and lease losses $ 2.61 million
Total non interest income $ 20.99 million
Total non interest expense $ 47.33 million
Pre-tax Net Operating Income $ 21.63 million

Bank Loan Profile?

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

Compared to other banks in Wisconsin, IncredibleBank 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 12.64
Multifamily
Mortgages
2.63
Credit Card Loans 0.00
Consumer Auto Loans 0.19
Small Business Loans 11.61
Construction and Development Loans 6.06
Commercial Real Estate 40.36
Commercial and Industrial Loans 30.57
Farm Loans 0.00

Frequently Asked Questions About Incrediblebank

Branches and Savings

Is Incrediblebank FDIC insured?

Yes. It is covered under FDIC Certificate #19772.

Why does Incrediblebank pay such low interest on savings accounts?

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

Why are Incrediblebank CD rates not competitive?

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

Is Incrediblebank a commercial bank?

Yes

Where are Incrediblebank locations?

See branch locations nearby.

Is Incrediblebank open on Saturdays?

Is Incrediblebank open on Sundays?

What time does Incrediblebank open?

What time does Incrediblebank close?

Are Incrediblebank ATMs Open 24/7?

Do Incrediblebank ATMs accept cash deposits?

Can Incrediblebank customers use other ATMs?

Do Incrediblebank branches have notaries?

Will Incrediblebank notarize my document?

What address for Incrediblebank should I put for incoming ACH transfers?

Will the Incrediblebank branch print checks?

Do Incrediblebank checks expire?

Does Incrediblebank require US citizenship to open account?

Can Incrediblebank close my account?

Does Incrediblebank Report to credit bureaus?

Does Incrediblebank Use Equifax?

What is Incrediblebank's ACH Routing Number?

What is Incrediblebank's SWIFT code?

Products

Does Incrediblebank offer mortgages?

Compare mortgage rates here.

Does Incrediblebank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Incrediblebank offer personal loans?

Compare personal loan rates here.

Does Incrediblebank offer student loans?

Will Incrediblebank cash a check?

Will Incrediblebank redeem a savings bond?

Does Incrediblebank cash savings bonds?

Will Incrediblebank cash money orders?

Can Incrediblebank issue a money order?

Does Incrediblebank do currency exchange?

Background on The Bank

Who owns Incrediblebank?

How long has Incrediblebank been around?

Can Incrediblebank transfer to other banks?

Does Incrediblebank have quick pay?

Does Incrediblebank accept rolled coins?

Will Incrediblebank accept loose change?

Where is Incrediblebank headquarters?

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