The Dart Bank

368 South Park Street
Mason, MI 48854

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 5033
Date Established 1925
Assets $0.46 billion
Loans $0.35 billion
Deposits $0.36 billion
Capital $0.04 billion

The Dart Bank is an FDIC insured institution located in Mason, MI. It was founded in 1925 and has approximately $0.46 billion in assets. Customers can open an account at one of its 4 branches.

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

Deposit Rates - October 14, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1 $14,999 Learn MoreShow Less
Money Market
0.25% $15,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.30% $500 - Learn MoreShow Less
6 Mo CD
0.75% $500 - Learn MoreShow Less
12 Mo CD
1.75% $500 - Learn MoreShow Less
18 Mo CD
1.75% $500 - Learn MoreShow Less
24 Mo CD
1.51% $500 - Learn MoreShow Less
30 Mo CD
1.51% $500 - Learn MoreShow Less
36 Mo CD
1.76% $500 - Learn MoreShow Less
48 Mo CD
2.25% $500 - Learn MoreShow Less
60 Mo CD
2.50% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.75% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.10% $25 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $10,000 - Learn MoreShow Less

Loan Rates - October 14, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for The Dart Bank

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

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.643% 3.625% 0.25 $560 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

Note to The Dart Bank
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Branches

The Dart 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


The Dart Bank Locations


Financial Details

The Dart Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Dart 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
The Dart Bank U.S. Bank Average
5.61% 6.77%

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 June 30, 2019, The Dart Bank had $2,572,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $42,155,000 in equity and $3,726,000 in loans loss reserves. That gives it a Texas Ratio of 5.61%.

Return on Equity
The Dart Bank U.S. Bank Average
9.3% 9.50%

The Dart Bank has a Return on Equity of 9.3% versus the BestCashCow average of 9.50%. 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 Dart Bank U.S. Bank Average
9.2% 12.76%

The Dart Bank has a Capitalization of 9.2% versus the BestCashCow average of 12.76. 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 Dart Bank Balance Sheet Analysis

As of June 30, 2019, The Dart Bank had assets of $458,080,000, loans of $347,895,000, and deposits of $356,172,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.02 billion
Total securities $0.04 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.35 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 $0.01 billion
All other assets $0.02 billion
     Total Assets $0.42 billion
LIABILITIES
Total deposits $0.36 billion
      Interest-bearing deposits $0.26 billion
      Deposits held in domestic offices $0.36 billion
      % insured (estimated) 69.07%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.06 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.42 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

June 30, 2019
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 $0.01 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks in Michigan, The Dart 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 46.77
Multifamily
Mortgages
3.93
Credit Card Loans 0.04
Consumer Auto Loans 0.79
Small Business Loans 11.18
Construction and Development Loans 8.96
Commercial Real Estate 23.76
Commercial and Industrial Loans 8.33
Farm Loans 3.52

Frequently Asked Questions About The Dart Bank

Branches and Savings

Is The Dart Bank FDIC insured?

Yes. It is covered under FDIC Certificate #5033.

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

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

Why are The Dart Bank CD rates not competitive?

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

Is The Dart Bank a commercial bank?

Yes

Where are The Dart Bank locations?

See branch locations nearby.

Is The Dart Bank open on Saturdays?

Is The Dart Bank open on Sundays?

What time does The Dart Bank open?

What time does The Dart Bank close?

Are The Dart Bank ATMs Open 24/7?

Do The Dart Bank ATMs accept cash deposits?

Can The Dart Bank customers use other ATMs?

Do The Dart Bank branches have notaries?

Will The Dart Bank notarize my document?

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

Will the The Dart Bank branch print checks?

Do The Dart Bank checks expire?

Does The Dart Bank require US citizenship to open account?

Can The Dart Bank close my account?

Does The Dart Bank Report to credit bureaus?

Does The Dart Bank Use Equifax?

What is The Dart Bank's ACH Routing Number?

What is The Dart Bank's SWIFT code?

Products

Does The Dart Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does The Dart Bank offer personal loans?

Compare personal loan rates here.

Does The Dart Bank offer student loans?

Will The Dart Bank cash a check?

Will The Dart Bank redeem a savings bond?

Does The Dart Bank cash savings bonds?

Will The Dart Bank cash money orders?

Can The Dart Bank issue a money order?

Does The Dart Bank do currency exchange?

Background on The Bank

Who owns The Dart Bank?

How long has The Dart Bank been around?

Can The Dart Bank transfer to other banks?

Does The Dart Bank have quick pay?

Does The Dart Bank accept rolled coins?

Will The Dart Bank accept loose change?

Where is The Dart Bank headquarters?

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