South Porte Bank

Headquarters

701 North Court Street
Marion, IL 62959
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.20% 1.15% →
2-Year CD 0.25% 1.26% →
5-Year CD 0.50% 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

South Porte Bank is an FDIC insured institution located in Marion, IL. It was founded in 1956 and has approximately $0.1 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 17690
Date Established 1956
Assets $ 104.44 million
Loans $ 82.64 million
Deposits $ 82.27 million
Capital $ 10.51 million
 

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

Deposit Rates - July 11, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
18 Mo CD
0.20% $10,000 $14,999 Learn More
18 Mo CD
0.20% $100,000 $199,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.25% $100,000 $199,999 Learn More
30 Mo CD
0.25% $10,000 $14,999 Learn More
30 Mo CD
0.25% $100,000 $199,999 Learn More
36 Mo CD
0.30% $10,000 $14,999 Learn More
36 Mo CD
0.30% $100,000 $199,999 Learn More
48 Mo CD
0.40% $10,000 $14,999 Learn More
48 Mo CD
0.40% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.20% $1,000 $9,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 - Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - July 11, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for South Porte 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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.950% 2.875% 1.00 $2,438 $1,038 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 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
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

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

Branches

South Porte 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


South Porte Bank Locations


Financial Details

South Porte Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of South Porte 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
South Porte Bank U.S. Bank Average
11.29% 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, South Porte Bank had $987,000 in non-current loans and $289,000 in owned real estate. To cover these potential losses it had $10,513,000 in equity and $787,000 in loans loss reserves. That gives it a Texas Ratio of 11.29%.

Return on Equity
South Porte Bank U.S. Bank Average
11.18% 7.80%

South Porte Bank has a Return on Equity of 11.18% 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
South Porte Bank U.S. Bank Average
10.07% 12.68%

South Porte Bank has a Capitalization of 10.07% 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.

South Porte Bank Balance Sheet Analysis

As of March 31, 2020, South Porte Bank had assets of $104,442,000, loans of $82,636,000, and deposits of $82,265,000. 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 $ 8.08 million
Interest-bearing balances $ 6.56 million
Total securities $ 8.34 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 82.64 million
Loan loss allowance $ 0.79 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.29 million
Goodwill and other intangibles $ 0.42 million
All other assets $ 3.51 million
     Total Assets $ 93.93 million
LIABILITIES
Total deposits $ 82.27 million
      Interest-bearing deposits $ 74.91 million
      Deposits held in domestic offices $ 82.27 million
      % insured (estimated) 83.21%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 11.25 million
Subordinated debt N.A.
All other liabilities $ 0.42 million
      Total Liabilities $ 93.93 million
      Shareholders’ Equity $ 10.51 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.19 million
Total Interest Expense $ 0.36 million
Net interest income $ 0.82 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.05 million
Total non interest expense $ 0.49 million
Pre-tax Net Operating Income $ 0.39 million

Bank Loan Profile?

The top three loan types in South Porte Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Illinois, South Porte Bank has a significantly higher percent of Construction and Development 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 37.50
Multifamily
Mortgages
3.64
Credit Card Loans 0.00
Consumer Auto Loans 1.37
Small Business Loans 0.00
Construction and Development Loans 10.08
Commercial Real Estate 23.37
Commercial and Industrial Loans 7.34
Farm Loans 2.38

Frequently Asked Questions About South Porte Bank

Branches and Savings

Is South Porte Bank FDIC insured?

Yes. It is covered under FDIC Certificate #17690.

Why does South Porte Bank pay such low interest on savings accounts?

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

Why are South Porte Bank CD rates not competitive?

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

Is South Porte Bank a commercial bank?

Yes

Where are South Porte Bank locations?

See branch locations nearby.

Is South Porte Bank open on Saturdays?

Is South Porte Bank open on Sundays?

What time does South Porte Bank open?

What time does South Porte Bank close?

Are South Porte Bank ATMs Open 24/7?

Do South Porte Bank ATMs accept cash deposits?

Can South Porte Bank customers use other ATMs?

Do South Porte Bank branches have notaries?

Will South Porte Bank notarize my document?

What address for South Porte Bank should I put for incoming ACH transfers?

Will the South Porte Bank branch print checks?

Do South Porte Bank checks expire?

Does South Porte Bank require US citizenship to open account?

Can South Porte Bank close my account?

Does South Porte Bank Report to credit bureaus?

Does South Porte Bank Use Equifax?

What is South Porte Bank's ACH Routing Number?

What is South Porte Bank's SWIFT code?

Products

Does South Porte Bank offer mortgages?

Compare mortgage rates here.

Does South Porte Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does South Porte Bank offer personal loans?

Compare personal loan rates here.

Does South Porte Bank offer student loans?

Will South Porte Bank cash a check?

Will South Porte Bank redeem a savings bond?

Does South Porte Bank cash savings bonds?

Will South Porte Bank cash money orders?

Can South Porte Bank issue a money order?

Does South Porte Bank do currency exchange?

Background on The Bank

Who owns South Porte Bank?

How long has South Porte Bank been around?

Can South Porte Bank transfer to other banks?

Does South Porte Bank have quick pay?

Does South Porte Bank accept rolled coins?

Will South Porte Bank accept loose change?

Where is South Porte Bank headquarters?

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