1 star ratingAverage User Rating:
1 star rating based on 1 review.

AnchorBank

AnchorBank Locations
25 West Main Street
Madison, WI 53703
1-800-252-6246
www.anchorbank.com



AnchorBank is headquartered in Madison and is the 3rd largest bank in the state of Wisconsin. It is also the 233rd largest bank in the nation. It was established in 1918 and as of September of 2011, it had grown to 751 employees at 56 locations. AnchorBank has a 1-star health rating.

Related Posts

$150 Checking Account Bonus at AnchorBank in Wisconsin - Local Only - 1/17/2012

AnchorBank is offering up to $150 for opening any new personal checking account and performing certain activities. This is a nice upgrade from last year's promotion which had just a $100 bonus. This o ...

$100 Checking Account Bonus at AnchorBank in Wisconsin - 1/27/2011

AnchorBank is offering up to $100 for opening any new personal checking account and performing certain activities. This offer is listed in the bank's promotion page . It's scheduled to end on 2/28/201 ...

CD Special, Checking Bonus & Financial Review of AnchorBank in WI - Local Only - 2/23/2010

AnchorBank is offering a special CD called Rising Rate CD. It offers a 2.00% interest rate for the first 12 months. At the 12-month mark, you can choose to cash out your CD, or receive a 2.22% intere ...

3.10% 24-Month CD & Other CD and Money Market Deals at AnchorBank in WI - 5/3/2009

Update 5/09/09: The CD rates have fallen. Please check the bank's website for the latest rates.AnchorBank continues to offer competitive rates on its CD specials. One is a 2.70% APY 13-month CD. Minimum deposit is $5,000. The other is a special 3.10% APY...

2009




See Rates for: Checking | Savings | Money Market | CD

AnchorBank Checking Account Rates

ApyMinMaxProduct
0.20%$200k-Lawyers Trust Account (IOLTA)
0.10%--Commodore Checking
0.10%--High Interest Checking
0.05%--Admiral Checking
0.05%--Real Estate Trust Account

AnchorBank Savings Account Rates

ApyMinMaxProduct
0.50%$10k-Heath Savings Account
0.20%$10k-Sweep Account
0.15%$1k-Business Statement Savings
0.10%$100-Regular Savings
0.10%$100-Savings IRA

AnchorBank Money Market Rates

ApyMinMaxProduct
0.30%$100k-Commodore Market Yield (MY)
0.20%$10k-Market Yield (MY)
0.15%$2,500-Market Rate Investment (MRI)

AnchorBank CD Rates

ApyMinMaxProduct
1.30%$10k-5 Year CD
1.00%$10k-4 Year CD
0.80%$10k-3 Year CD
0.60%$10k-Collector's Addition 2-Year CD
0.60%$5k-13 Month Relationship CD
0.50%$5k-9 Month Relationship CD
0.50%$10k-1 1/2 Year CD
0.40%$10k-1 Year CD
0.25%$10k-6 Month CD
0.15%$10k-3 Month CD

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


AnchorBank, fsb
OTS #04474
FDIC Certificate #29979
BankRate ReportView
Year Established1918
Employees751
Primary RegulatorOCC

Assets and Liabilities

Assets$3.20 billion
Loans$2.30 billion
Deposits$2.61 billion
Equity Capital$135.34 million
Loan Loss Allowance$138.35 million
Unbacked Noncurrent Loans$283.07 million
Real Estate Owned$92.97 million

Historic Data - September 2010

Assets$3.81 billion
Equity Capital$170.37 million
Loan Loss Allowance$156.19 million
Unbacked Noncurrent Loans$346.99 million
Real Estate Owned$60.19 million

Profit Margin - Quarterly

Net Interest Margin3.17%
Return on Assets-1.05%
Return on Equity-26.11%
Interest Income$106.29 million

Institution Health


Overall Score:
1 out of 5
1
Texas Ratio1
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 AnchorBank had $376.04 million in non-current loans and owned real-estate with $273.68 million in equity and loan loss allowances on hand to cover it. This gives AnchorBank a Texas Ratio of 137.40% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for AnchorBank held steady from 124.69% as of September 30, 2010 to 137.40% as of September 30, 2011, resulting in a negative change of 10.20%. This indicates that the balance sheet and financial strength for AnchorBank has held steady in recent periods.
Deposit Growth1
In the past year, AnchorBank has decreased its total deposits by -$417.56 million, resulting in -13.79% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth AnchorBank has shown is poor.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. AnchorBank has $3.2 billion in assets with $273.68 million in equity, resulting in a capitalization level of 8.55%, which is average.
Write Review

Stay Away From This Bank, Especially With A Mortgage
1 stars - riseofphoenix - Tuesday, September 6, 2011 - 2:14 PM

I was stupid to take the advice of a family member when signing onto a mortgage with Anchor Bank. I wrote a check out for .91 cents less than what our mortgage payment was and I was getting collection calls and received a notice of default in the mail.

When I finally called about the rediculous charges to my account, over $80 worth of charges for a check written only .91 cents short of the actual amount, I decided it was time to look elsewhere.

In addition to this, they said my account was $1.82 short of the mortgage payment, which was not true. If the representative would have done the math they would have found that .91 + .91 equals $1.82 and somewhere there was a double charge.

Even more frustrating is the sent me a delinquincy notice and my payment was not even applied to my mortgage, it was put into a reserve fund because they said my payment was more than $1 short (yes ONE DOLLAR) and it was their double charge error that caused this in the first place. Therefore, my credit rating suffered over all of this.

The biggest kicker, I have never missed a mortgage payment and had pristine credit when I signed the mortgage papers. I will be refinancing my home and taking my business to another bank, soon and very very soon.

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$150 Checking Account Bonus
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Leave a Comment (2) »
monicawh - January 24, 2012
If you’re one of the rare lucky ones they will delay giving you the bonus. And if you close your account before they credit your account, then you’re out of luck. But if you’re like the rest of us, they’ll send you a letter saying that you didn’t qualify for the bonus or that you didn’t fulfill the terms of the promotional bonus. I am saying this from personal experience in 2011. Unless you’re persistent, follow their terms of agreement to the letter, and know the correct venues to complain to, you will not get this bonus. If you did everything correctly, then definitely file a complaint to the federal trade commission. Be attentive with the banks, they will do everything to increase their profit and they don't think about people who get into their traps and take out additional payday advance online to manage the payments.

Bill - February 1, 2012
This looks like a pretty good bonus. I'm looking to open up a new checking account with a trusted bank after dealing with the Netspend scam. The bonuses are nice. But most importantly, I want my money to be safe and I never want to have to worry about it again.