Boulevard Bank is headquartered in Neosho and is the 61st largest bank in the state of Missouri. It is also the 1,743rd largest bank in the nation. It was established in 1884 and as of December of 2013, it had grown to 70 employees at 2 locations. Boulevard Bank's money market rates are 14% higher than the national average, and it boasts a A+ health rating.
Boasts Ratings But Severaly Lacking In Customer Service
I happily have received the services I requested, but did not come by them easily. Customer service has been slow to understand the basic framework of their own business when I inquired about simple policies and options for my loan accounts and other payment options. Online banking accounts exist for 90 days and then you have to recreate them. Website is severely out of date. In the end all worked out ok, but I felt more knowledgeable and friendly on the phone than the people to which I spoke. I would not recommend using this bank if you are looking for fast, reliable service. Perhaps they are better in person, but online and over the phone, were not easy to deal with.
Data for Q4 2013
Institution Health
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, 2013 Boulevard Bank had $1.17 million in non-current loans and owned real-estate with $50.89 million in equity and loan loss allowances on hand to cover it. This gives Boulevard Bank a Texas Ratio of 2.29% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Boulevard Bank decreased dramatically from 6.45% as of December 31, 2012 to 2.29% as of December 31, 2013, resulting in a positive change of 64.46%.This indicates that the balance sheet and financial strength for Boulevard Bank has improved dramatically in recent periods.
Deposit Growth
In the past year, Boulevard Bank has increased its total deposits by $183.6 million, resulting in 132.73% 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 Boulevard Bank 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. Boulevard Bank has $375.77 million in assets with $50.89 million in equity, resulting in a capitalization level of 13.54%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 30866 |
| Year Established | 1884 |
| Employees | 70 |
| Primary Regulator | OCC |
| Assets and Liabilities | |
|---|---|
| Assets | $375.77 million |
| Loans | $190.16 million |
| Deposits | $321.92 million |
| Equity Capital | $50.12 million |
| Loan Loss Allowance | $771,000 |
| Unbacked Noncurrent Loans | $1.12 million |
| Real Estate Owned | $45,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $164.96 million |
| Equity Capital | $14.73 million |
| Loan Loss Allowance | $1.12 million |
| Unbacked Noncurrent Loans | $1.12 million |
| Real Estate Owned | $66,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4% |
| Return on Assets | 0.68% |
| Return on Equity | 3.88% |
| Interest Income | $10.58 million |
Always verify rates and promotions with the bank or credit union. We are not Boulevard Bank, we are a rate comparison website and can not provide official rates or promotions.
Boulevard Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | $50 | - | Health Savings Checking Account (HSA) | |
| 0.40% | - | - | Christmas Club Account | |
| 0.40% | - | - | Vacation Club | |
| 0.10% | - | - | Personal Savings Account |
Boulevard Bank Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | $250k | - | Money Market Deposit Account |
Boulevard Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.60% | $50 | - | Go Green Checking | |
| 0.50% | $100k | - | Non-Profit Community Checking | |
| 0.05% | $50 | - | Personal Checking Account |
Boulevard Bank CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.65% | $500 | - | 60 Month CD | |
| 1.10% | $500 | - | 48 Month CD | |
| 1.00% | $1k | - | 36 Month CD Special | |
| 0.85% | $500 | - | 24 Month CD | |
| 0.85% | $1k | - | 22 Month CD Special | |
| 0.65% | $500 | - | 30 Month CD | |
| 0.50% | $500 | - | 18 Month CD | |
| 0.45% | $500 | - | 12 Month CD | |
| 0.35% | $1k | - | 9 Month CD | |
| 0.25% | $1k | - | 6 Month CD |
Boulevard Bank IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.65% | $500 | - | 60 Month IRA | |
| 1.10% | $500 | - | 48 Month IRA | |
| 1.00% | $1k | - | 36 Month IRA Special | |
| 0.85% | $500 | - | 24 Month IRA | |
| 0.85% | $1k | - | 22 Month IRA Special | |
| 0.65% | $500 | - | 30 Month IRA | |
| 0.50% | $500 | - | 18 Month IRA | |
| 0.45% | $500 | - | 12 Month IRA | |
| 0.35% | $1k | - | 9 Month IRA | |
| 0.25% | $1k | - | 6 Month IRA |
| Boulevard Bank Locations | ||
|---|---|---|
| Boulevard Bank | 111 E Main St | Neosho, MO 64850 |
| St. Louis Branch | 9800 Manchester Road | Saint Louis, MO 63119 |