The Bank of Advance

105 East Gabriel Street
Advance, MO 63730

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9369
Date Established 1902
Assets $0.33 billion
Loans $0.25 billion
Deposits $0.27 billion
Capital $0.05 billion

The Bank of Advance is an FDIC insured institution located in Advance, MO. It was founded in 1902 and has approximately $0.33 billion in assets. Customers can open an account at one of its 6 branches.

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

Compared to other banks, The Bank of Advance’s loan portfolio does not show any specific loan specialty.

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 38.43
Multifamily
Mortgages
0.55
Credit Card Loans 0.00
Consumer Auto Loans 5.20
Small Business Loans 0.00
Construction and Development Loans 4.00
Commercial Real Estate 9.72
Commercial and Industrial Loans 7.84
Farm Loans 10.36

Deposit Rates - February 23, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.40% $2,500 $9,999 Learn MoreShow Less
Money Market
0.60% $10,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
1.26% $1,000 - Learn MoreShow Less
6 Mo CD
1.51% $1,000 - Learn MoreShow Less
Special: 9 Mo CD
2.17% $1,000 - Learn MoreShow Less
12 Mo CD
2.02% $1,000 - Learn MoreShow Less
Special: 15 Mo CD
2.52% $1,000 - Learn MoreShow Less
18 Mo CD
2.12% $1,000 - Learn MoreShow Less
24 Mo CD
2.27% $1,000 - Learn MoreShow Less
30 Mo CD
2.27% $1,000 - Learn MoreShow Less
36 Mo CD
2.32% $1,000 - Learn MoreShow Less
48 Mo CD
2.42% $1,000 - Learn MoreShow Less
60 Mo CD
2.52% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
2.02% $1,000 - Learn MoreShow Less
Special: 9 Mo FIRA
2.17% $1,000 - Learn MoreShow Less
Special: 15 Mo FIRA
2.52% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1,500 $9,999 Learn MoreShow Less

Loan Rates - February 23, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Bank of Advance

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.144% 4.125% 0.25 $558 $1,212 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
PenFed Credit Union
NMLS ID: 401822
4.502% 4.375% 0.50 $3,750 $1,249 Learn More
First Internet Bank
NMLS ID: 424182
4.140% 4.125% 0.13 $465 $1,212 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
Flagstar Bank
Flagstar Bank
Intro APR
3.490 %
After Intro: 6.240 %
Intro Period: 6 months
$25,000 Learn More
More Info

Note to The Bank of Advance
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Branches

The Bank of Advance 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


The Bank of Advance Locations


Financial Details

The Bank of Advance Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Bank of Advance. 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
The Bank of Advance U.S. Bank Average
3.91% 7.34%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 September 30, 2018, The Bank of Advance had $1,312,000 in non-current loans and $604,000 in owned real estate. To cover these potential losses it had $45,363,000 in equity and $3,583,000 in loans loss reserves. That gives it a Texas Ratio of 3.91%.

Return on Equity
The Bank of Advance U.S. Bank Average
18.21% 9.95%

The Bank of Advance has a Return on Equity of 18.21% versus the BestCashCow average of 9.95%. 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
The Bank of Advance U.S. Bank Average
13.79% 12.19%

The Bank of Advance has a Capitalization of 13.79% versus the BestCashCow average of 12.19. 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.

The Bank of Advance Balance Sheet Analysis

As of September 30, 2018, The Bank of Advance had assets of $328,947,000, loans of $251,385,000, and deposits of $272,775,000. 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

September 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.25 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.28 billion
LIABILITIES
Total deposits $0.27 billion
      Interest-bearing deposits $0.22 billion
      Deposits held in domestic offices $0.27 billion
      % insured (estimated) 78.47%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.28 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

September 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About The Bank Of Advance

Branches and Savings

Is The Bank Of Advance FDIC insured?

Yes. It is covered under FDIC Certificate #9369.

Why does The Bank Of Advance pay such low interest on savings accounts?

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

Why are The Bank Of Advance CD rates not competitive?

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

Is The Bank Of Advance a commercial bank?

Yes

Where are The Bank Of Advance locations?

See branch locations nearby.

Is The Bank Of Advance open on Saturdays?

Is The Bank Of Advance open on Sundays?

What time does The Bank Of Advance open?

What time does The Bank Of Advance close?

Are The Bank Of Advance ATMs Open 24/7?

Do The Bank Of Advance ATMs accept cash deposits?

Can The Bank Of Advance customers use other ATMs?

Do The Bank Of Advance branches have notaries?

Will The Bank Of Advance notarize my document?

What address for The Bank Of Advance should I put for incoming ACH transfers?

Will the The Bank Of Advance branch print checks?

Do The Bank Of Advance checks expire?

Does The Bank Of Advance require US citizenship to open account?

Can The Bank Of Advance close my account?

Does The Bank Of Advance Report to credit bureaus?

Does The Bank Of Advance Use Equifax?

What is The Bank Of Advance's ACH Routing Number?

What is The Bank Of Advance's SWIFT code?

Products

Does The Bank Of Advance offer mortgages?

Compare mortgage rates here.

Does The Bank Of Advance offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Bank Of Advance offer personal loans?

Compare personal loan rates here.

Does The Bank Of Advance offer student loans?

Will The Bank Of Advance cash a check?

Will The Bank Of Advance redeem a savings bond?

Does The Bank Of Advance cash savings bonds?

Will The Bank Of Advance cash money orders?

Can The Bank Of Advance issue a money order?

Does The Bank Of Advance do currency exchange?

Background on The Bank

Who owns The Bank Of Advance?

How long has The Bank Of Advance been around?

Can The Bank Of Advance transfer to other banks?

Does The Bank Of Advance have quick pay?

Does The Bank Of Advance accept rolled coins?

Will The Bank Of Advance accept loose change?

Where is The Bank Of Advance headquarters?

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*All images, logos and public notes on this page appear courtesy of The Bank Of Advance and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.