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Overview / Commentary
614-269-4401
461 Beecher Road
Gahanna, OH 43230

Benchmark Bank is headquartered in Gahanna and is the 131st largest bank in the state of Ohio. It is also the 4,379th largest bank in the nation. It was established in 2005 and as of March of 2014, it had grown to 37 employees at 2 locations. Benchmark Bank's savings rates are 44% higher than the national average, and it has a C+ health rating.

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Health

Data for Q1 2014

Institution Health

C+

Texas Ratio

GRADE:
D

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Benchmark Bank had $8.78 million in non-current loans and owned real-estate with $10.13 million in equity and loan loss allowances on hand to cover it. This gives Benchmark Bank a Texas Ratio of 86.65% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Benchmark Bank decreased dramatically from 133.98% as of March 31, 2013 to 86.65% as of March 31, 2014, resulting in a positive change of 35.33%.This indicates that the balance sheet and financial strength for Benchmark Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Benchmark Bank has increased its total deposits by $3.15 million, resulting in 3.2% 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 Benchmark Bank has shown is excellent.

Capitalization

GRADE:
C

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. Benchmark Bank has $115.77 million in assets with $10.13 million in equity, resulting in a capitalization level of 8.75%, which is average.

Institution Statistics

Overall
FDIC Certificate #57949
Year Established2005
Employees37
Primary RegulatorFDIC
Assets and Liabilities
Assets$115.77 million
Loans$95.83 million
Deposits$101.73 million
Equity Capital$8.40 million
Loan Loss Allowance$1.73 million
Unbacked Noncurrent Loans$6.40 million
Real Estate Owned$2.38 million
Historic Data - March 2013
Assets$110.27 million
Equity Capital$6.11 million
Loan Loss Allowance$2.24 million
Unbacked Noncurrent Loans$6.40 million
Real Estate Owned$3.77 million
Profit Margin - Quarterly
Net Interest Margin3.73%
Return on Assets-1.18%
Return on Equity-16.09%
Interest Income$1.16 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Benchmark Bank, we are a rate comparison website and can not provide official rates or promotions.

Benchmark Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%$50$1kBBjr Statement Savings
0.15%$10k-Personal Savings

Benchmark Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Personal Money Market Account

Benchmark Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$25k-Checking Account

Benchmark Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-5 Year CD
0.75%$500-3 Year CD
0.50%$500-2 Year CD
0.25%$500-1 Year CD
0.20%$500-6 Month CD
0.15%$500-3 Month CD

Benchmark Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-5 Year IRA
0.75%$500-3 Year IRA
0.50%$500-2 Year IRA
0.25%$500-1 Year IRA
0.20%$500-6 Month IRA
0.15%$500-3 Month IRA
Locations


Benchmark Bank Locations
Benchmark Bank461 Beecher RoadGahanna, OH 43230
Westerville Branch468 Polaris ParkwayWesterville, OH 43082