2024 Overview
General Bank Information
Bank of 1889 is an FDIC insured institution located in Berryville, AR. It was founded in 1889 and has approximately $0.3 billion in assets. Customers can open an account at one of its 11 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 3854 |
| Date Established | 1889 |
| Assets | $ 298.29 million |
| Loans | $ 223.40 million |
| Deposits | $ 263.57 million |
| Capital | $ 31.61 million |
For a more detailed analysis of Bank of 1889's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - October 29, 2024
Your Current Location: Wyoming, WY 10007
Loan Rates - October 29, 2024
Your Current Location: Wyoming, WY 10007
There are currently no loan rates available for Bank of 1889
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Wyoming 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 1025894 |
6.970% |
6.875% 0.75 points $3,094 fees |
$2,103 | Learn More |
NMLS ID: 401822 |
7.047% |
6.875% 0.75 points $5,600 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.225% |
7.125% 1.00 points $3,200 fees |
$2,156 | Learn More |
NMLS ID: 491986 |
points fees |
Learn More |
Featured - Wyoming Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|
Note to Bank of 1889
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Branches
Bank of 1889 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:
Cheyenne,Wyoming
Bank of 1889 Locations around zip code 10007
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 667.07 | A | View Lobby Hours | |
| 672.32 | B | View Lobby Hours | |
| 679.63 | C | View Lobby Hours | |
| 679.72 | D | View Lobby Hours | |
| 680.79 | E | View Lobby Hours | |
| 682.55 | F | View Lobby Hours | |
| 686.79 | G | View Lobby Hours | |
| 704.45 | H | View Lobby Hours | |
| 706.68 | I | View Lobby Hours | |
| 726.40 | J | View Lobby Hours | |
| 739.44 | K | View Lobby Hours |
Climate Policy and Initiatives
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Financial Details
Bank of 1889 Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Bank of 1889. 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
| Bank of 1889 | U.S. Bank Average |
|---|---|
| 8.2% | 4.48% |
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 June 30, 2024, Bank of 1889 had $2,796,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $31,614,000 in equity and $2,492,000 in loans loss reserves. That gives it a Texas Ratio of 8.2%.
Return on Equity
| Bank of 1889 | U.S. Bank Average |
|---|---|
| 20.17% | 10.46% |
Bank of 1889 has a Return on Equity of 20.17% versus the BestCashCow average of 10.46%. 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
| Bank of 1889 | U.S. Bank Average |
|---|---|
| 10.6% | 10.84% |
Bank of 1889 has a Capitalization of 10.6% versus the BestCashCow average of 10.84. 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.
Bank of 1889 Balance Sheet Analysis
As of June 30, 2024, Bank of 1889 had assets of $298,293,000, loans of $223,397,000, and deposits of $263,573,000. 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, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 10.71 million |
| Interest-bearing balances | $ 0.18 million |
| Total securities | $ 15.16 million |
| Federal funds sold and reverse repurchase | $ 35.18 million |
| Net loans and leases | $ 223.40 million |
| Loan loss allowance | $ 2.49 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 0.23 million |
| All other assets | $ 3.58 million |
| Total Assets | $ 266.68 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 263.57 million |
| Interest-bearing deposits | $ 222.55 million |
| Deposits held in domestic offices | $ 263.57 million |
| % insured (estimated) | 70.84% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 1.53 million |
| Total Liabilities | $ 266.68 million |
| Shareholders’ Equity | $ 31.61 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 9.43 million |
| Total Interest Expense | $ 1.15 million |
| Net interest income | $ 8.28 million |
| Provision for loan and lease losses | $ 0.25 million |
| Total non interest income | $ 0.71 million |
| Total non interest expense | $ 5.64 million |
| Pre-tax Net Operating Income | $ 1.81 million |
Bank Loan Profile?
The top three loan types in Bank of 1889’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.
Compared to other banks, Bank of 1889’s loan portfolio does not show any specific loan specialty.
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 | 30.93 | ✓ | ||
| Multifamily Mortgages |
0.03 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 3.33 | ✓ | ||
| Small Business Loans | 11.51 | ✓ | ||
| Construction and Development Loans | 5.88 | ✓ | ||
| Commercial Real Estate | 11.67 | ✓ | ||
| Commercial and Industrial Loans | 8.14 | ✓ | ||
| Farm Loans | 3.18 | ✓ | ||
Customer Reviews for Bank of 1889
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