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316-733-5041
Andover Road And Central Street
Andover, KS 67002

Equity Bank is headquartered in Andover and is the 7th largest bank in the state of Kansas. It is also the 568th largest bank in the nation. It was established in 1985 and as of June of 2014, it had grown to 268 employees at 29 locations. Equity Bank's money market rates are 14% higher than the national average, and it has a B+ health rating.

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Reviews (1)

Rude Customer Service At Bank Locations And A Catch 22 On Home Equity Loans

At Equity Bank they will never let you "pay off" your home equity in full. There is always a residual interest amount. No matter how many times you try to pay off the loan and who you talk to- it doesn't matter. I have now tried to pay off my home equity loan in full twice and they are again telling me that I owe interest on my $0 balance.
So I'm trying to close my account out and they took more interest as "payment" out of my checking account.
The location agents and managers know nothing about customer service and chose to argue with the customer instead of providing a break down of the information to find the root cause of the issue. I CANNOT WAIT to be done with this bank. Don't EVER use them.



Health

Data for Q2 2014

Institution Health

B+

Texas Ratio

GRADE:
B+

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 June 30, 2014 Equity Bank had $16.01 million in non-current loans and owned real-estate with $139.59 million in equity and loan loss allowances on hand to cover it. This gives Equity Bank a Texas Ratio of 11.47% which is above 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 Equity Bank decreased dramatically from 19.25% as of June 30, 2013 to 11.47% as of June 30, 2014, resulting in a positive change of 40.42%.This indicates that the balance sheet and financial strength for Equity Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Equity Bank has decreased its total deposits by -$16.89 million, resulting in -1.71% 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 Equity Bank has shown is average.

Capitalization

GRADE:
A

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. Equity Bank has $1.18 billion in assets with $139.59 million in equity, resulting in a capitalization level of 11.80%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #25858
Year Established1985
Employees268
Primary RegulatorFED
Assets and Liabilities
Assets$1.18 billion
Loans$679.28 million
Deposits$969.60 million
Equity Capital$133.49 million
Loan Loss Allowance$6.10 million
Unbacked Noncurrent Loans$10.05 million
Real Estate Owned$5.96 million
Historic Data - June 2013
Assets$1.19 billion
Equity Capital$125.30 million
Loan Loss Allowance$4.94 million
Unbacked Noncurrent Loans$10.05 million
Real Estate Owned$10.91 million
Profit Margin - Quarterly
Return on Assets0.86%
Return on Equity7.56%
Interest Income$22.97 million
Rates
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Equity Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Equity Gold Savings
0.05%--Equity ECO Savings

Equity Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$50k-Equity Titanium Money Market
0.20%$50k-Equity Platinum Money Market

Equity Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.25%-$25kEquity Platinum Checking - Qualifying
0.05%--Equity Platinum Checking - Non Qualifying
0.05%$5k-Community Checking
0.05%$1k-DBA (Sole Proprietor Checking)
0.03%--Equity Gold Checking
Locations

Equity Bank has 29 locations. Click to view all Equity Bank locations.