The First National Bank of Fairfax

16 S.E. First Ave
Fairfax, MN 55332

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 5142
Date Established 1910
Assets $0.03 billion
Loans $0.02 billion
Deposits $0.02 billion
Capital $0.01 billion

The First National Bank of Fairfax is an FDIC insured institution located in Fairfax, MN. It was founded in 1910 and has approximately $0.03 billion in assets.

For a more detailed analysis of The First National Bank of Fairfax'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 First National Bank of Fairfax’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Minnesota, The First National Bank of Fairfax has a significantly higher percent of Farm 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 1.71
Multifamily
Mortgages
0.06
Credit Card Loans 0.00
Consumer Auto Loans 0.23
Small Business Loans 10.76
Construction and Development Loans 0.00
Commercial Real Estate 10.76
Commercial and Industrial Loans 15.39
Farm Loans 48.23

Deposit Rates - May 26, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.07% $5,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $1,000 - Learn MoreShow Less
6 Mo CD
0.15% $1,000 - Learn MoreShow Less
12 Mo CD
0.30% $500 - Learn MoreShow Less
18 Mo CD
0.35% $1,000 - Learn MoreShow Less
24 Mo CD
0.40% $1,000 - Learn MoreShow Less
30 Mo CD
0.45% $1,000 - Learn MoreShow Less
36 Mo CD
0.50% $1,000 - Learn MoreShow Less
48 Mo CD
0.60% $1,000 - Learn MoreShow Less
60 Mo CD
1.00% $1,000 - Learn MoreShow Less

Variable IRA Rates APY MIN MAX
Var IRA
0.50% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $1,000 - Learn MoreShow Less

Loan Rates - May 26, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The First National Bank of Fairfax

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
Quicken Loans NMLS #3030
NMLS ID: 3030
5.250% 5.250% 0.00 $0 $1,381 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
3.902% 3.875% 0.38 $832 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to The First National Bank of Fairfax
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Branches

The First National Bank of Fairfax 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 First National Bank of Fairfax Locations


Financial Details

The First National Bank of Fairfax Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The First National Bank of Fairfax. 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 First National Bank of Fairfax U.S. Bank Average
4.84% 6.97%

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 December 31, 2018, The First National Bank of Fairfax had $576,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $11,360,000 in equity and $533,000 in loans loss reserves. That gives it a Texas Ratio of 4.84%.

Return on Equity
The First National Bank of Fairfax U.S. Bank Average
2.72% 8.80%

The First National Bank of Fairfax has a Return on Equity of 2.72% versus the BestCashCow average of 8.80%. 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
The First National Bank of Fairfax U.S. Bank Average
36.33% 12.29%

The First National Bank of Fairfax has a Capitalization of 36.33% versus the BestCashCow average of 12.29. 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 First National Bank of Fairfax Balance Sheet Analysis

As of December 31, 2018, The First National Bank of Fairfax had assets of $31,272,000, loans of $17,441,000, and deposits of $19,905,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.02 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 $0.00 billion
     Total Assets $0.02 billion
LIABILITIES
Total deposits $0.02 billion
      Interest-bearing deposits $0.01 billion
      Deposits held in domestic offices $0.02 billion
      % insured (estimated) 93.28%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.02 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About The First National Bank Of Fairfax

Branches and Savings

Is The First National Bank Of Fairfax FDIC insured?

Yes. It is covered under FDIC Certificate #5142.

Why does The First National Bank Of Fairfax pay such low interest on savings accounts?

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

Why are The First National Bank Of Fairfax CD rates not competitive?

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

Is The First National Bank Of Fairfax a commercial bank?

Yes

Where are The First National Bank Of Fairfax locations?

See branch locations nearby.

Is The First National Bank Of Fairfax open on Saturdays?

Is The First National Bank Of Fairfax open on Sundays?

What time does The First National Bank Of Fairfax open?

What time does The First National Bank Of Fairfax close?

Are The First National Bank Of Fairfax ATMs Open 24/7?

Do The First National Bank Of Fairfax ATMs accept cash deposits?

Can The First National Bank Of Fairfax customers use other ATMs?

Do The First National Bank Of Fairfax branches have notaries?

Will The First National Bank Of Fairfax notarize my document?

What address for The First National Bank Of Fairfax should I put for incoming ACH transfers?

Will the The First National Bank Of Fairfax branch print checks?

Do The First National Bank Of Fairfax checks expire?

Does The First National Bank Of Fairfax require US citizenship to open account?

Can The First National Bank Of Fairfax close my account?

Does The First National Bank Of Fairfax Report to credit bureaus?

Does The First National Bank Of Fairfax Use Equifax?

What is The First National Bank Of Fairfax's ACH Routing Number?

What is The First National Bank Of Fairfax's SWIFT code?

Products

Does The First National Bank Of Fairfax offer mortgages?

Compare mortgage rates here.

Does The First National Bank Of Fairfax offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The First National Bank Of Fairfax offer personal loans?

Compare personal loan rates here.

Does The First National Bank Of Fairfax offer student loans?

Will The First National Bank Of Fairfax cash a check?

Will The First National Bank Of Fairfax redeem a savings bond?

Does The First National Bank Of Fairfax cash savings bonds?

Will The First National Bank Of Fairfax cash money orders?

Can The First National Bank Of Fairfax issue a money order?

Does The First National Bank Of Fairfax do currency exchange?

Background on The Bank

Who owns The First National Bank Of Fairfax?

How long has The First National Bank Of Fairfax been around?

Can The First National Bank Of Fairfax transfer to other banks?

Does The First National Bank Of Fairfax have quick pay?

Does The First National Bank Of Fairfax accept rolled coins?

Will The First National Bank Of Fairfax accept loose change?

Where is The First National Bank Of Fairfax headquarters?

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