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Overview / Commentary
614-310-7698
150 W. Wilson Bridge Road
Worthington, OH 43085

Insight Bank is headquartered in Worthington and is the 83rd largest bank in the state of Ohio. It is also the 2,712st largest bank in the nation. It was established in 2006 and as of March of 2014, it had grown to 48 employees at 2 locations. Insight Bank has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Insight Bank had $474,000 in non-current loans and owned real-estate with $27.1 million in equity and loan loss allowances on hand to cover it. This gives Insight Bank a Texas Ratio of 1.75% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Insight Bank decreased slightly from 2.11% as of March 31, 2013 to 1.75% as of March 31, 2014, resulting in a positive change of 16.95%.This indicates that the balance sheet and financial strength for Insight Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Insight Bank has increased its total deposits by $15.55 million, resulting in 10.09% 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 Insight Bank has shown is excellent.

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. Insight Bank has $233.72 million in assets with $27.1 million in equity, resulting in a capitalization level of 11.59%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58215
Year Established2006
Employees48
Primary RegulatorFDIC
Assets and Liabilities
Assets$233.72 million
Loans$199.54 million
Deposits$169.63 million
Equity Capital$24.56 million
Loan Loss Allowance$2.54 million
Unbacked Noncurrent Loans$474,000
Real Estate Owned$0
Historic Data - March 2013
Assets$188.09 million
Equity Capital$23.59 million
Loan Loss Allowance$2.10 million
Unbacked Noncurrent Loans$474,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.65%
Return on Assets0.18%
Return on Equity1.65%
Interest Income$2.32 million
Rates

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

Insight Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100- Insight Savings Account
0.10%$1k-Insight HSA Account

Insight Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Personal Money Market Account
0.30%$50k-Business Money Market Account

Insight Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$10k-Insight Personal Checking Plus
0.25%$1k-Insight Personal Checking
0.10%$1k-Business Plus Checking

Insight Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.30%$500$99k60 Month CD
1.10%$500$99k48 Month CD
0.90%$500$99k36 Month CD
0.85%$500$99k30 Month CD
0.75%$500$99k24 Month CD
0.65%$500$99k18 Month CD
0.45%$500$99k12 Month CD
0.35%$500$99k9 Month CD
0.25%$500$99k6 Month CD
0.20%$500$99k3 Month CD
Locations


Insight Bank Locations
Insight Bank150 West Wilson Bridge RoadWorthington, OH 43085