Crestmark Bank

Crestmark Bank Locations
5480 Corporate Drive, Suite 350
Troy, MI 48098
888.999.8050
www.crestmark.com

Crestmark Bank is headquartered in Troy and is the 29th largest bank in the state of Michigan. It is also the 1,773rd largest bank in the nation. It was established in 1996 and as of March of 2012, it had grown to 195 employees at 1 location. Crestmark Bank has a 5-star health rating.

Crestmark Bank Routing Number: 072413764

Related Posts

3.90% 3-Month CD at Crestmark Bank - Nationally Available - 8/31/2008

Update 9/06/08: The CD yields with terms under 270 days have gone up 5 basis points. The title has been modified to reflect this change.Crestmark Bank is once again offering CDs with some competitive rates. The most competitive CD is a 3-month CD which...

4.20% 12-Month / 4.00% 6-Month CD at Crestmark Bank - Nationally Available - 7/3/2008

Update 7/16/08: Crestmark has stopped accepting new deposits.Crestmark Bank has once again raised its CD rates. The new rates include a 3.95% APY 3-month, 4.00% APY 6 and 9-month and 4.20% APY 12-month. All terms over one year have a yield of 4.00% APY....

3.95% 3-Month / 4.00% 6-Month CD at Crestmark Bank - 6/15/2008

Update 7/03/08: The CD rates went up! New rates include: 3.95% APY 90-day, 4.00% APY 180-day and 270-day and 4.20% APY 365-day. The rates for terms under 90 days remain the same: 3.80% APY 30-day and 3.85% APY 60-month. The title has been modified to...


Data for Q1 2012


Institution Statistics


Crestmark Bank
FDIC Certificate #34353
BankRate ReportView
Year Established1996
Employees195
Primary RegulatorFDIC

Assets and Liabilities

Assets$375.88 million
Loans$336.49 million
Deposits$325.50 million
Equity Capital$45.11 million
Loan Loss Allowance$8.95 million
Unbacked Noncurrent Loans$4.75 million

Historic Data - March 2011

Assets$289.72 million
Equity Capital$33.36 million
Loan Loss Allowance$6.80 million
Unbacked Noncurrent Loans$1.72 million

Profit Margin - Quarterly

Net Interest Margin15.6%
Return on Assets2.73%
Return on Equity22.39%
Interest Income$13.84 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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, 2012 Crestmark Bank had $4.75 million in non-current loans and owned real-estate with $54.06 million in equity and loan loss allowances on hand to cover it. This gives Crestmark Bank a Texas Ratio of 8.78% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Crestmark Bank held steady from 4.28% as of March 31, 2011 to 8.78% as of March 31, 2012, resulting in a negative change of 105.18%. This indicates that the balance sheet and financial strength for Crestmark Bank has held steady in recent periods.
Deposit Growth5
In the past year, Crestmark Bank has increased its total deposits by $73.61 million, resulting in 29.22% 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 Crestmark Bank has shown is excellent.
Capitalization5
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. Crestmark Bank has $375.88 million in assets with $54.06 million in equity, resulting in a capitalization level of 14.38%, which is excellent.
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