The First National Bank of Manchester

Headquarters

120 Town Branch Road
Manchester, KY 40962
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.40% →
1-Year CD 0.70% 1.15% →
2-Year CD 1.00% 1.26% →
5-Year CD 1.10% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

The First National Bank of Manchester is an FDIC insured institution located in Manchester, KY. It was founded in 1905 and has approximately $0.14 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 2708
Date Established 1905
Assets $ 141.22 million
Loans $ 69.42 million
Deposits $ 120.08 million
Capital $ 20.71 million
 

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

Deposit Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $100 - Learn More
Money Market
0.15% $1,000 $24,999 Learn More
Money Market
0.20% $25,000 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.30% $500 $99,999 Learn More
3 Mo CD
0.40% $100,000 - Learn More
6 Mo CD
0.35% $500 $99,999 Learn More
6 Mo CD
0.45% $100,000 - Learn More
12 Mo CD
0.60% $500 $99,999 Learn More
12 Mo CD
0.70% $100,000 - Learn More
18 Mo CD
0.70% $500 $99,999 Learn More
18 Mo CD
0.80% $100,000 - Learn More
24 Mo CD
0.90% $500 $99,999 Learn More
24 Mo CD
1.00% $100,000 - Learn More
30 Mo CD
1.00% $500 $99,999 Learn More
30 Mo CD
1.10% $100,000 - Learn More
36 Mo CD
1.00% $500 $99,999 Learn More
36 Mo CD
1.10% $100,000 - Learn More
48 Mo CD
1.00% $500 $99,999 Learn More
48 Mo CD
1.10% $100,000 - Learn More
60 Mo CD
1.00% $500 $99,999 Learn More
60 Mo CD
1.10% $100,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.70% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.65% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less

Loan Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

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

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info

Note to The First National Bank of Manchester
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Branches

The First National Bank of Manchester 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 First National Bank of Manchester Locations


Financial Details

The First National Bank of Manchester Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The First National Bank of Manchester. 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 Manchester U.S. Bank Average
6.26% 6.51%

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 December 31, 2019, The First National Bank of Manchester had $1,350,000 in non-current loans and $30,000 in owned real estate. To cover these potential losses it had $20,707,000 in equity and $1,333,000 in loans loss reserves. That gives it a Texas Ratio of 6.26%.

Return on Equity
The First National Bank of Manchester U.S. Bank Average
5.94% 9.41%

The First National Bank of Manchester has a Return on Equity of 5.94% versus the BestCashCow average of 9.41%. 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 Manchester U.S. Bank Average
14.66% 12.82%

The First National Bank of Manchester has a Capitalization of 14.66% versus the BestCashCow average of 12.82. 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 Manchester Balance Sheet Analysis

As of December 31, 2019, The First National Bank of Manchester had assets of $141,220,000, loans of $69,424,000, and deposits of $120,079,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 26.52 million
Interest-bearing balances $ 23.78 million
Total securities $ 39.97 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 69.42 million
Loan loss allowance $ 1.33 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.03 million
Goodwill and other intangibles N.A.
All other assets $ 3.78 million
     Total Assets $ 120.51 million
LIABILITIES
Total deposits $ 120.08 million
      Interest-bearing deposits $ 64.87 million
      Deposits held in domestic offices $ 120.08 million
      % insured (estimated) 82.01%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.43 million
      Total Liabilities $ 120.51 million
      Shareholders’ Equity $ 20.71 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 5.21 million
Total Interest Expense $ 0.65 million
Net interest income $ 4.56 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.03 million
Total non interest expense $ 4.32 million
Pre-tax Net Operating Income $ 1.28 million

Bank Loan Profile?

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

Compared to other banks in Kentucky, The First National Bank of Manchester has a significantly higher percent of Commercial Real Estate 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 28.79
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.12
Small Business Loans 19.42
Construction and Development Loans 4.10
Commercial Real Estate 44.91
Commercial and Industrial Loans 12.99
Farm Loans 0.00

Frequently Asked Questions About The First National Bank Of Manchester

Branches and Savings

Is The First National Bank Of Manchester FDIC insured?

Yes. It is covered under FDIC Certificate #2708.

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

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

Is The First National Bank Of Manchester a commercial bank?

Yes

Where are The First National Bank Of Manchester locations?

See branch locations nearby.

Is The First National Bank Of Manchester open on Saturdays?

Is The First National Bank Of Manchester open on Sundays?

What time does The First National Bank Of Manchester open?

What time does The First National Bank Of Manchester close?

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

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

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

Do The First National Bank Of Manchester branches have notaries?

Will The First National Bank Of Manchester notarize my document?

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

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

Do The First National Bank Of Manchester checks expire?

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

Can The First National Bank Of Manchester close my account?

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

Does The First National Bank Of Manchester Use Equifax?

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

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

Products

Does The First National Bank Of Manchester offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does The First National Bank Of Manchester offer personal loans?

Compare personal loan rates here.

Does The First National Bank Of Manchester offer student loans?

Will The First National Bank Of Manchester cash a check?

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

Does The First National Bank Of Manchester cash savings bonds?

Will The First National Bank Of Manchester cash money orders?

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

Does The First National Bank Of Manchester do currency exchange?

Background on The Bank

Who owns The First National Bank Of Manchester?

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

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

Does The First National Bank Of Manchester have quick pay?

Does The First National Bank Of Manchester accept rolled coins?

Will The First National Bank Of Manchester accept loose change?

Where is The First National Bank Of Manchester headquarters?

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