TruBank

Headquarters

1401 North Jefferson, Orchard Plaza
Indianola, IA 50125
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.25% 0.95% →
2-Year CD 0.60% 1.05% →
5-Year CD 0.85% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

TruBank is an FDIC insured institution located in Indianola, IA. It was founded in 1883 and has approximately $0.32 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 25267
Date Established 1883
Assets $ 320.61 million
Loans $ 218.11 million
Deposits $ 264.08 million
Capital $ 36.93 million
 

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

Deposit Rates - September 26, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
Special: 9 Mo CD
1.00% $10,000 - Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
30 Mo CD
0.60% $10,000 $14,999 Learn More
30 Mo CD
0.60% $100,000 $199,999 Learn More
Special: 35 Mo CD
1.10% $10,000 - Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
Special: 40 Mo CD
1.15% $10,000 - Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More
48 Mo CD
0.70% $100,000 $199,999 Learn More
60 Mo CD
0.85% $10,000 $14,999 Learn More
60 Mo CD
0.85% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 26, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for TruBank

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to TruBank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

TruBank 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


TruBank Locations


Financial Details

TruBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of TruBank. 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
TruBank U.S. Bank Average
1.32% 6.94%

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 March 31, 2020, TruBank had $333,000 in non-current loans and $180,000 in owned real estate. To cover these potential losses it had $36,930,000 in equity and $1,856,000 in loans loss reserves. That gives it a Texas Ratio of 1.32%.

Return on Equity
TruBank U.S. Bank Average
8.11% 7.80%

TruBank has a Return on Equity of 8.11% versus the BestCashCow average of 7.80%. 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
TruBank U.S. Bank Average
11.52% 12.68%

TruBank has a Capitalization of 11.52% versus the BestCashCow average of 12.68. 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.

TruBank Balance Sheet Analysis

As of March 31, 2020, TruBank had assets of $320,605,000, loans of $218,112,000, and deposits of $264,084,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 19.08 million
Interest-bearing balances $ 14.46 million
Total securities $ 54.15 million
Federal funds sold and reverse repurchase $ 2.50 million
Net loans and leases $ 218.11 million
Loan loss allowance $ 1.86 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.18 million
Goodwill and other intangibles $ 3.05 million
All other assets $ 11.25 million
     Total Assets $ 283.68 million
LIABILITIES
Total deposits $ 264.08 million
      Interest-bearing deposits $ 220.89 million
      Deposits held in domestic offices $ 264.08 million
      % insured (estimated) 79.83%
Federal funds purchased and repurchase agreements $ 12.20 million
Trading liabilities N.A.
Other borrowed funds $ 3.85 million
Subordinated debt N.A.
All other liabilities $ 3.54 million
      Total Liabilities $ 283.68 million
      Shareholders’ Equity $ 36.93 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.30 million
Total Interest Expense $ 0.69 million
Net interest income $ 2.61 million
Provision for loan and lease losses $ 0.26 million
Total non interest income $ 0.51 million
Total non interest expense $ 1.98 million
Pre-tax Net Operating Income $ 0.89 million

Bank Loan Profile?

The top three loan types in TruBank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Iowa, TruBank has a significantly higher percent of Multifamily Mortgages, 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 17.00
Multifamily
Mortgages
10.38
Credit Card Loans 0.00
Consumer Auto Loans 0.91
Small Business Loans 0.00
Construction and Development Loans 16.43
Commercial Real Estate 21.65
Commercial and Industrial Loans 11.55
Farm Loans 4.35

Frequently Asked Questions About Trubank

Branches and Savings

Is Trubank FDIC insured?

Yes. It is covered under FDIC Certificate #25267.

Why does Trubank pay such low interest on savings accounts?

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

Why are Trubank CD rates not competitive?

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

Is Trubank a commercial bank?

Yes

Where are Trubank locations?

See branch locations nearby.

Is Trubank open on Saturdays?

Is Trubank open on Sundays?

What time does Trubank open?

What time does Trubank close?

Are Trubank ATMs Open 24/7?

Do Trubank ATMs accept cash deposits?

Can Trubank customers use other ATMs?

Do Trubank branches have notaries?

Will Trubank notarize my document?

What address for Trubank should I put for incoming ACH transfers?

Will the Trubank branch print checks?

Do Trubank checks expire?

Does Trubank require US citizenship to open account?

Can Trubank close my account?

Does Trubank Report to credit bureaus?

Does Trubank Use Equifax?

What is Trubank's ACH Routing Number?

What is Trubank's SWIFT code?

Products

Does Trubank offer mortgages?

Compare mortgage rates here.

Does Trubank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Trubank offer personal loans?

Compare personal loan rates here.

Does Trubank offer student loans?

Will Trubank cash a check?

Will Trubank redeem a savings bond?

Does Trubank cash savings bonds?

Will Trubank cash money orders?

Can Trubank issue a money order?

Does Trubank do currency exchange?

Background on The Bank

Who owns Trubank?

How long has Trubank been around?

Can Trubank transfer to other banks?

Does Trubank have quick pay?

Does Trubank accept rolled coins?

Will Trubank accept loose change?

Where is Trubank headquarters?

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