The First National Bank of Le Center

10 West Minnesota Street
Le Center, MN 56057

Notable Rates APY Vs.Others
Savings 0.15% 2.20% →
1-Year CD 1.25% 2.25% →
2-Year CD 1.40% 2.30% →
5-Year CD N.A. 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

The First National Bank of Le Center is an FDIC insured institution located in Le Center, MN. It was founded in 1903 and has approximately $0.14 billion in assets.

FDIC Insured Yes
FDIC Certificate # 5180
Date Established 1903
Assets $0.14 billion
Loans $0.08 billion
Deposits $0.12 billion
Capital $0.01 billion
 

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

Deposit Rates - January 25, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.40% $2,500 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.50% $2,500 - Learn MoreShow Less
6 Mo CD
0.95% $2,500 - Learn MoreShow Less
12 Mo CD
1.25% $2,500 - Learn MoreShow Less
18 Mo CD
1.30% $2,500 - Learn MoreShow Less
24 Mo CD
1.40% $2,500 - Learn MoreShow Less
36 Mo CD
1.50% $2,500 - Learn MoreShow Less
48 Mo CD
1.95% $2,500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.35% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
0.25% $900 $2,499 Learn MoreShow Less
Int Ckg
0.35% $2,500 - Learn MoreShow Less

Loan Rates - January 25, 2020

Your Current Location: Virginia, VA 20146

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

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

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Payment
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First Internet Bank
NMLS ID: 424182
3.516% 3.500% 0.25 $505 $1,123 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.793% 4.750% 0.00 $1,250 $1,305 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.384% 3.375% 0.13 $285 $1,106 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

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
3.740 %
$0 Learn More
More Info

Note to The First National Bank of Le Center
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Branches

The First National Bank of Le Center 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 Le Center Locations


Financial Details

The First National Bank of Le Center Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The First National Bank of Le Center. 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 Le Center U.S. Bank Average
6.52% 6.70%

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, 2019, The First National Bank of Le Center had $980,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $14,068,000 in equity and $974,000 in loans loss reserves. That gives it a Texas Ratio of 6.52%.

Return on Equity
The First National Bank of Le Center U.S. Bank Average
15.39% 9.72%

The First National Bank of Le Center has a Return on Equity of 15.39% versus the BestCashCow average of 9.72%. 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 Le Center U.S. Bank Average
10.17% 12.89%

The First National Bank of Le Center has a Capitalization of 10.17% versus the BestCashCow average of 12.89. 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 Le Center Balance Sheet Analysis

As of September 30, 2019, The First National Bank of Le Center had assets of $138,276,000, loans of $76,327,000, and deposits of $115,335,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.08 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 $0.12 billion
LIABILITIES
Total deposits $0.12 billion
      Interest-bearing deposits $0.10 billion
      Deposits held in domestic offices $0.12 billion
      % insured (estimated) 63.55%
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 $0.12 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

September 30, 2019
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

Bank Loan Profile?

The top three loan types in The First National Bank of Le Center’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Minnesota, The First National Bank of Le Center 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 20.52
Multifamily
Mortgages
0.25
Credit Card Loans 0.00
Consumer Auto Loans 4.15
Small Business Loans 8.47
Construction and Development Loans 4.15
Commercial Real Estate 11.37
Commercial and Industrial Loans 9.39
Farm Loans 25.94

Frequently Asked Questions About The First National Bank Of Le Center

Branches and Savings

Is The First National Bank Of Le Center FDIC insured?

Yes. It is covered under FDIC Certificate #5180.

Why does The First National Bank Of Le Center 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 Le Center CD rates not competitive?

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

Is The First National Bank Of Le Center a commercial bank?

Yes

Where are The First National Bank Of Le Center locations?

See branch locations nearby.

Is The First National Bank Of Le Center open on Saturdays?

Is The First National Bank Of Le Center open on Sundays?

What time does The First National Bank Of Le Center open?

What time does The First National Bank Of Le Center close?

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

Do The First National Bank Of Le Center ATMs accept cash deposits?

Can The First National Bank Of Le Center customers use other ATMs?

Do The First National Bank Of Le Center branches have notaries?

Will The First National Bank Of Le Center notarize my document?

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

Will the The First National Bank Of Le Center branch print checks?

Do The First National Bank Of Le Center checks expire?

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

Can The First National Bank Of Le Center close my account?

Does The First National Bank Of Le Center Report to credit bureaus?

Does The First National Bank Of Le Center Use Equifax?

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

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

Products

Does The First National Bank Of Le Center offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does The First National Bank Of Le Center offer personal loans?

Compare personal loan rates here.

Does The First National Bank Of Le Center offer student loans?

Will The First National Bank Of Le Center cash a check?

Will The First National Bank Of Le Center redeem a savings bond?

Does The First National Bank Of Le Center cash savings bonds?

Will The First National Bank Of Le Center cash money orders?

Can The First National Bank Of Le Center issue a money order?

Does The First National Bank Of Le Center do currency exchange?

Background on The Bank

Who owns The First National Bank Of Le Center?

How long has The First National Bank Of Le Center been around?

Can The First National Bank Of Le Center transfer to other banks?

Does The First National Bank Of Le Center have quick pay?

Does The First National Bank Of Le Center accept rolled coins?

Will The First National Bank Of Le Center accept loose change?

Where is The First National Bank Of Le Center headquarters?

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