Average User Rating:
1 star rating based on 2 reviews.

AnchorBank

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

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AnchorBank is headquartered in Madison and is the 4^th largest bank in the state of Wisconsin. It is also the 311^st largest bank in the nation. It was established in 1918 and as of March of 2013, it had grown to 691 employees at 56 locations. AnchorBank has a 2-star health rating.

$150 Checking Account Bonus at AnchorBank in Wisconsin - 11/8/2012

AnchorBank is offering another checking account promotion with a bonus of up to $150. The bonus is larger than its summer promotion . This latest offer is listed in the bank's promotion page . It's sc ...

$100 Checking Account Bonus at AnchorBank in Wisconsin - Local Only - 6/1/2012

AnchorBank is offering another checking account bonus. It's not as nice as the promotion that ended in April, but it's still a good deal. In this new promotion customers can earn up to $100 for openin ...

$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 ...

2010

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

2009

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

AnchorBank Checking Account Rates

Apy	Min	Max	Product
0.10%	$200k	-	Lawyers Trust Account (IOLTA)
0.05%	-	-	Commodore Checking
0.05%	-	-	Admiral Checking
0.05%	-	-	High Interest Checking
0.05%	-	-	Real Estate Trust Account

AnchorBank Savings Account Rates

Apy	Min	Max	Product
0.20%^†	$10k	-	Heath Savings Account
0.10%^†	$100	-	Regular Savings
0.10%^†	$100	-	Savings IRA
0.10%^†	$1k	-	Business Statement Savings
0.10%^†	$10k	-	Sweep Account
0.05%^†	$100	-	Property Tax Savings

AnchorBank Money Market Rates

Apy	Min	Max	Product
0.25%^†	$100k	-	Commodore Market Yield (MY)
0.15%^†	$10k	-	Market Yield (MY)
0.10%^†	$2,500	-	Market Rate Investment (MRI)

AnchorBank CD Rates

Apy	Min	Max	Product
1.00%^†	$10k	-	5 Year CD
0.75%^†	$10k	-	4 Year CD
0.55%^†	$10k	-	3 Year CD
0.35%^†	$10k	-	Collector's Addition 2-Year CD
0.30%^†	$10k	-	1 1/2 Year CD
0.30%^†	$5k	-	15 Month Relationship CD
0.25%^†	$10k	-	1 Year CD
0.20%^†	$5k	-	9 Month Relationship CD
0.15%^†	$10k	-	6 Month CD
0.10%^†	$500	-	3 Month CD

Rates updated: 6/17/2013

Data for Q1 2013

Institution Statistics

AnchorBank, fsb
OTS #	04474
FDIC Certificate #	29979
BankRate Report	View
Year Established	1918
Employees	691
Primary Regulator	OCC
Assets and Liabilities
Assets	$2.37 billion
Loans	$1.69 billion
Deposits	$2.03 billion
Equity Capital	$112.80 million
Loan Loss Allowance	$79.82 million
Unbacked Noncurrent Loans	$132.49 million
Real Estate Owned	$84.34 million
Historic Data - March 2012
Assets	$2.79 billion
Equity Capital	$128.07 million
Loan Loss Allowance	$111.22 million
Unbacked Noncurrent Loans	$249.57 million
Real Estate Owned	$88.84 million
Profit Margin - Quarterly
Net Interest Margin	3.58%
Return on Assets	-1.55%
Return on Equity	-31.64%
Interest Income	$22.54 million

Institution Health

Overall Score:

2 out of 5

Texas Ratio
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 March 31, 2013 AnchorBank had $216.83 million in non-current loans and owned real-estate with $192.61 million in equity and loan loss allowances on hand to cover it. This gives AnchorBank a Texas Ratio of 112.57% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for AnchorBank decreased slightly from 141.42% as of March 31, 2012 to 112.57% as of March 31, 2013, resulting in a positive change of 20.40%.This indicates that the balance sheet and financial strength for AnchorBank has improved slightly in recent periods.
Deposit Growth
In the past year, AnchorBank has decreased its total deposits by -$243.66 million, resulting in -10.72% 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.
Capitalization
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 $2.37 billion in assets with $192.61 million in equity, resulting in a capitalization level of 8.13%, which is average.

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.

No Help In Forclosure.
1 stars

- Anonymous - Tuesday, July 10, 2012 - 12:00 PM

I was placed in foreclosure four a $400 past due tax bill. Because it had gotten to this stage the total mortgage was due in full. I couldn't refinance because of the foreclosure on my credit so they got the house and made $54200 on the sale. They are snakes! Do not get any loans from them unless you are prepared to loose them to the Bank because they will **** you!