First National Bank of Kansas (KS)
First National Bank of Kansas (KS) is headquartered in Burlington and is the 170th largest bank in the state of Kansas. It is also the 5,363rd largest bank in the nation. It was established in 1902 and as of March of 2014, it had grown to 22 employees at 3 locations. First National Bank of Kansas (KS) has a B+ health rating.
Terrible Bank With Poor Customer Service
Cannot believe or trust in the bank! Had to pick the star, otherwise this bank is not even worth a star! I did online paying my bills. These people sent out two checks late, and my vendor tells me about it. So had to re-issue after stop-payment on the old checks! Lo behold, the checks arrive after two or more weeks, but the vendor goes and cashed out the old check with stop payment! Gets charged return fee by idiot brothers of FNBK i.e. BANK OF AMERICA. I tell my bank to reimburse and they come up with funny reason. The vendor cannot be trusted because he is third party and the bank cannot trust what he says because the bank services me and not them! So whatever I say is also not trust worthy! I end paying extra $$$ for idiot First National Bank of Kansas mistake! I asked them about change in personnel and they deny.Obviously they do not want to accept their mistake! I am getting ready to shut down that account as soon as I can!
DO NOT BANK WITH FIRST NATIONAL BANK OF KANSAS, ONE OF BRANCH IS AT ANTIOCH AND 135TH STREET.
Review of First National Bank of Kansas
This Bank has been my bank since I moved to Kansas 3 years ago. Honestly, I went with them as they were the only bank in the small town that I live in; however, I have been very happy with both their customer service and the products they offer via internet banking. There is a 24 hour ATM available in town, along with free Bill Pay and free in-bank transfers. I was one of the people that was hit by the Target issue during the Christmas season this year, and the folks at First National called me to help me get a new card and made sure all was well and my automatic bills were being taken care of during the interim.
I have only had one issue with them. They do not allow electronic purchases/withdrawals of over $1000 during a single day. This makes purchasing something pricey like a riding lawn mower via your debit card pretty tough. It was necessary to call them with the exact amount of the purchases for that day to get it approved. If I had tried to buy the lawn mower at a big box store on say a Sunday, it would have been impossible.
Other than this one issue, First National has been an awesome bank for me.
Data for Q1 2014
Institution Health
Texas Ratio
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 First National Bank of Kansas (KS) had $105,000 in non-current loans and owned real-estate with $6.18 million in equity and loan loss allowances on hand to cover it. This gives First National Bank of Kansas (KS) a Texas Ratio of 1.70% 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 First National Bank of Kansas (KS) decreased dramatically from (infinite) as of March 31, 2013 to 1.70% as of March 31, 2014, resulting in a positive change of (infinite). This indicates that the balance sheet and financial strength for First National Bank of Kansas (KS) has improved dramatically in recent periods.
Deposit Growth
In the past year, First National Bank of Kansas (KS) has increased its total deposits by $3.47 million, resulting in 5.8% 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 First National Bank of Kansas (KS) 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. First National Bank of Kansas (KS) has $73.04 million in assets with $6.18 million in equity, resulting in a capitalization level of 8.46%, which is average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 4794 |
| Year Established | 1902 |
| Employees | 22 |
| Primary Regulator | OCC |
| Assets and Liabilities | |
|---|---|
| Assets | $73.04 million |
| Loans | $16.07 million |
| Deposits | $63.21 million |
| Equity Capital | $5.74 million |
| Loan Loss Allowance | $443,000 |
| Unbacked Noncurrent Loans | $30,000 |
| Real Estate Owned | $75,000 |
| Historic Data - March 2013 | |
|---|---|
| Assets | $73.49 million |
| Equity Capital | $7.63 million |
| Loan Loss Allowance | $439,000 |
| Unbacked Noncurrent Loans | $30,000 |
| Real Estate Owned | $382,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 2.67% |
| Return on Assets | -0.15% |
| Return on Equity | -1.98% |
| Interest Income | $549,000 |
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First National Bank of Kansas (KS) Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.15% | $100 | - | Regular Savings Account | |
| 0.15% | $100 | - | Children Savings Account | |
| 0.15% | $100 | - | Christmas Savings Account |
First National Bank of Kansas (KS) Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.35% | $50k | - | Money Market Account |
First National Bank of Kansas (KS) Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.10% | $1,500 | - | Now Checking Account | |
| 0.10% | $2,500 | - | Super Now Account | |
| 0.10% | $1k | - | Banclub Checking Account |
First National Bank of Kansas (KS) CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.45% | $500 | - | 60 Month CD | |
| 1.30% | $500 | - | 60 Month Jump Rate CD | |
| 1.00% | $500 | - | 48 Month CD | |
| 0.90% | $500 | - | 48 Month Jump Rate CD | |
| 0.70% | $500 | - | 30 Month CD | |
| 0.60% | $500 | - | 30 Month Jump Rate CD | |
| 0.40% | $500 | - | 18 Month CD | |
| 0.30% | $500 | - | 12 Month CD | |
| 0.30% | $500 | - | 18 Month Jump Rate CD | |
| 0.25% | $500 | - | 12 Month Jump Rate CD | |
| 0.15% | $500 | - | 182 Day CD | |
| 0.10% | $500 | - | 91 Day CD |
First National Bank of Kansas (KS) IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.45% | $500 | - | 60 Month IRA | |
| 1.30% | $500 | - | 60 Month Jump Rate IRA | |
| 1.00% | $500 | - | 48 Month IRA | |
| 0.90% | $500 | - | 48 Month Jump Rate IRA | |
| 0.70% | $500 | - | 30 Month IRA | |
| 0.60% | $500 | - | 30 Month Jump Rate IRA | |
| 0.40% | $500 | - | 18 Month IRA | |
| 0.30% | $500 | - | 12 Month IRA | |
| 0.30% | $500 | - | 18 Month Jump Rate IRA | |
| 0.25% | $500 | - | 12 Month Jump Rate IRA | |
| 0.15% | $500 | - | 182 Day IRA | |
| 0.10% | $500 | - | 91 Day IRA |
| First National Bank of Kansas (KS) Locations | ||
|---|---|---|
| Osage Branch | 18 Main Street | Osage City, KS 66523 |
| Waverly Branch | 305 Pearson | Waverly, KS 66871 |
| First National Bank Of Kansas | 600 North Fourth Street | Burlington, KS 66839 |