Institution Statistics
| Bank of McKenney | | FDIC Certificate # | 6139 | | BankRate Report | View | | Year Established | 1906 | | Employees | 71 | | Primary Regulator | FED |
Assets and Liabilities | | Assets | $205.02 million | | Loans | $146.84 million | | Deposits | $180.43 million | | Equity Capital | $20.28 million | | Loan Loss Allowance | $2.25 million | | Unbacked Noncurrent Loans | $3.57 million | | Real Estate Owned | $709,000 |
Historic Data - December 2010 | | Assets | $192.10 million | | Equity Capital | $19.52 million | | Loan Loss Allowance | $2.05 million | | Unbacked Noncurrent Loans | $2.04 million | | Real Estate Owned | $585,000 |
Profit Margin - Quarterly | | Net Interest Margin | 4.58% | | Return on Assets | 0.7% | | Return on Equity | 6.93% | | Interest Income | $10.06 million |
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Institution Health
Overall Score:
4 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 December 31, 2011 Bank of McKenney had $4.28 million in non-current loans and owned real-estate with $22.53 million in equity and loan loss allowances on hand to cover it. This gives Bank of McKenney a Texas Ratio of 18.99% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Bank of McKenney increased slightly from 12.57% as of December 31, 2010 to 18.99% as of December 31, 2011, resulting in a negative change of 51.04%. This indicates that the balance sheet and financial strength for Bank of McKenney has declined slightly in recent periods. | | Deposit Growth |  | | In the past year, Bank of McKenney has increased its total deposits by $12.38 million, resulting in 7.37% 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 Bank of McKenney has shown is excellent. | | 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. Bank of McKenney has $205.02 million in assets with $22.53 million in equity, resulting in a capitalization level of 10.99%, which is above average. |
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Average User Rating:
Unfair Charges
On Friday at around 9:45 , I went to your Hopewell Branch to report my business card stolen I had a balance of $245.53 . The cashier said she canceled my card and ordered me a new and told me there will be no overdraft charges . On Tuesday I went to the Colonial Heights office and found 3 fraudulent charges for 2.99 , 22.99 , 36.74 , She said to wait in tell tomorrow to fill out paperwork for the fraudulent charges . On Wednesday , I spoke to Cynthia Wells she filled out forms for the 3 fraudulent charges and a new fraudulent charge for 52.40 . Also 3 checks cleared my account with a balance of -24.47 . She told me there are no overdraft charge due to fraud on my account . On Thursday I called Cynthia Wells and she told me there was no more fraudulent charges on my account . I asked her what my balance was she said -94 dollars , I asked her why It was more negative she said “ more checks have cleared . “ So I deposited a check for $100 to cover any more checks . I get home and look up my account on the internet and find a service charge of $70 on my account . Cynthia Well lied to me when she said The extra $70 was a check that cleared . This is very unprofessional and unethical .