Sentry Bank

Headquarters

400 4th Avenue Ne
Saint Joseph, MN 56374
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.00% →
1-Year CD 0.45% 0.95% →
2-Year CD 0.70% 1.05% →
5-Year CD 1.00% 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

Sentry Bank is an FDIC insured institution located in Saint Joseph, MN. It was founded in 1904 and has approximately $0.24 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 8546
Date Established 1904
Assets $ 238.82 million
Loans $ 154.20 million
Deposits $ 183.72 million
Capital $ 28.58 million
 

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

Deposit Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.45% $10,000 $14,999 Learn More
12 Mo CD
0.45% $100,000 $199,999 Learn More
24 Mo CD
0.70% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.85% $10,000 $14,999 Learn More
36 Mo CD
0.85% $100,000 $199,999 Learn More
48 Mo CD
0.90% $10,000 $14,999 Learn More
48 Mo CD
0.90% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Sentry Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut Home Equity Line Of Credit Rates 2020

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

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

Branches

Sentry 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:
Fairfield,Connecticut


Sentry Bank Locations


Financial Details

Sentry Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Sentry 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
Sentry Bank U.S. Bank Average
3.6% 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, Sentry Bank had $297,000 in non-current loans and $818,000 in owned real estate. To cover these potential losses it had $28,576,000 in equity and $2,380,000 in loans loss reserves. That gives it a Texas Ratio of 3.6%.

Return on Equity
Sentry Bank U.S. Bank Average
9.58% 7.80%

Sentry Bank has a Return on Equity of 9.58% 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
Sentry Bank U.S. Bank Average
11.97% 12.68%

Sentry Bank has a Capitalization of 11.97% 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.

Sentry Bank Balance Sheet Analysis

As of March 31, 2020, Sentry Bank had assets of $238,824,000, loans of $154,198,000, and deposits of $183,722,000. 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 $ 14.10 million
Interest-bearing balances $ 10.80 million
Total securities $ 54.00 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 154.20 million
Loan loss allowance $ 2.38 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.82 million
Goodwill and other intangibles $ 7.04 million
All other assets $ 2.72 million
     Total Assets $ 210.25 million
LIABILITIES
Total deposits $ 183.72 million
      Interest-bearing deposits $ 150.41 million
      Deposits held in domestic offices $ 183.72 million
      % insured (estimated) 72.24%
Federal funds purchased and repurchase agreements $ 0.28 million
Trading liabilities N.A.
Other borrowed funds $ 25.00 million
Subordinated debt N.A.
All other liabilities $ 1.25 million
      Total Liabilities $ 210.25 million
      Shareholders’ Equity $ 28.58 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.47 million
Total Interest Expense $ 0.51 million
Net interest income $ 1.96 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.25 million
Total non interest expense $ 1.22 million
Pre-tax Net Operating Income $ 0.95 million

Bank Loan Profile?

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

Compared to other banks in Minnesota, Sentry Bank 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 26.15
Multifamily
Mortgages
8.92
Credit Card Loans 0.00
Consumer Auto Loans 0.97
Small Business Loans 0.00
Construction and Development Loans 9.21
Commercial Real Estate 36.38
Commercial and Industrial Loans 14.63
Farm Loans 0.54

Frequently Asked Questions About Sentry Bank

Branches and Savings

Is Sentry Bank FDIC insured?

Yes. It is covered under FDIC Certificate #8546.

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

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

Why are Sentry Bank CD rates not competitive?

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

Is Sentry Bank a commercial bank?

Yes

Where are Sentry Bank locations?

See branch locations nearby.

Is Sentry Bank open on Saturdays?

Is Sentry Bank open on Sundays?

What time does Sentry Bank open?

What time does Sentry Bank close?

Are Sentry Bank ATMs Open 24/7?

Do Sentry Bank ATMs accept cash deposits?

Can Sentry Bank customers use other ATMs?

Do Sentry Bank branches have notaries?

Will Sentry Bank notarize my document?

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

Will the Sentry Bank branch print checks?

Do Sentry Bank checks expire?

Does Sentry Bank require US citizenship to open account?

Can Sentry Bank close my account?

Does Sentry Bank Report to credit bureaus?

Does Sentry Bank Use Equifax?

What is Sentry Bank's ACH Routing Number?

What is Sentry Bank's SWIFT code?

Products

Does Sentry Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Sentry Bank offer personal loans?

Compare personal loan rates here.

Does Sentry Bank offer student loans?

Will Sentry Bank cash a check?

Will Sentry Bank redeem a savings bond?

Does Sentry Bank cash savings bonds?

Will Sentry Bank cash money orders?

Can Sentry Bank issue a money order?

Does Sentry Bank do currency exchange?

Background on The Bank

Who owns Sentry Bank?

How long has Sentry Bank been around?

Can Sentry Bank transfer to other banks?

Does Sentry Bank have quick pay?

Does Sentry Bank accept rolled coins?

Will Sentry Bank accept loose change?

Where is Sentry Bank headquarters?

Customer Reviews for Sentry Bank

There are currently no comments for Sentry Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →