Beacon Bank

Beacon Bank Locations
19765 Highway 7
Shorewood, MN 55331
(800) 648-5507
www.beaconbank.com

Beacon Bank is headquartered in Shorewood and is the 47th largest bank in the state of Minnesota. It is also the 2,112st largest bank in the nation. It was established in 1906 and as of December of 2011, it had grown to 55 employees at 6 locations. Beacon Bank has a 4-star health rating.

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3.01% 15-Month CD at Beacon Bank in Minnesota - 3/11/2009

Beacon Bank is offering some competitive promotional CD rates. These include 3.01% APY for 15 months, 2.75% APY for 13 months, 2.55% APY for 9 months and a 2.50% APY for 7 months. Minimum deposit is $10,000. These rates are listed in the bank's rate...

3.01% Reward Checking Account at Beacon Bank in MN - 3/11/2009

Update 6/22/09: The top rate has fallen to 3.01% APY. Refer to the bottom of the post for the rate history.Beacon Bank is offering a rewards checking account with the following features if certain monthly requirements are met:3.01% APY on balances up to...



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See Rates for: Checking | CD

Beacon Bank Checking Account Rates

ApyMinMaxProduct
0.75%-$25kBeacon Rewards Checking

Beacon Bank CD Rates

ApyMinMaxProduct
0.85%$10k$200k13 Month Promotional CD
0.60%$10k$200k9 Month Promotional CD

Rates updated: 5/23/2012

Data for Q4 2011


Institution Statistics


Beacon Bank
FDIC Certificate #10581
BankRate ReportView
Year Established1906
Employees55
Primary RegulatorFDIC

Assets and Liabilities

Assets$307.62 million
Loans$176.63 million
Deposits$261.59 million
Equity Capital$31.69 million
Loan Loss Allowance$4.57 million
Unbacked Noncurrent Loans$4.42 million
Real Estate Owned$2.28 million

Historic Data - December 2010

Assets$305.50 million
Equity Capital$30.10 million
Loan Loss Allowance$4.85 million
Unbacked Noncurrent Loans$6.08 million
Real Estate Owned$2.09 million

Profit Margin - Quarterly

Net Interest Margin4%
Return on Assets0.78%
Return on Equity7.64%
Interest Income$13.99 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 Beacon Bank had $6.7 million in non-current loans and owned real-estate with $36.26 million in equity and loan loss allowances on hand to cover it. This gives Beacon Bank a Texas Ratio of 18.47% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Beacon Bank decreased slightly from 23.39% as of December 31, 2010 to 18.47% as of December 31, 2011, resulting in a positive change of 21.03%.This indicates that the balance sheet and financial strength for Beacon Bank has improved slightly in recent periods.
Deposit Growth3
In the past year, Beacon Bank has increased its total deposits by $1.24 million, resulting in 0.48% 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 Beacon Bank has shown is average.
Capitalization4
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. Beacon Bank has $307.62 million in assets with $36.26 million in equity, resulting in a capitalization level of 11.79%, which is above average.
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