Insight Bank is headquartered in Worthington and is the 87th largest bank in the state of Ohio. It is also the 2,910st largest bank in the nation. It was established in 2006 and as of December of 2013, it had grown to 47 employees at 2 locations. Insight Bank has a A+ health rating.
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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 Insight Bank had $0 in non-current loans and owned real-estate with $26.77 million in equity and loan loss allowances on hand to cover it. This gives Insight Bank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Insight Bank has increased its total deposits by $24.69 million, resulting in 16.23% 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.
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 $211.92 million in assets with $26.77 million in equity, resulting in a capitalization level of 12.63%, which is excellent.
|FDIC Certificate #||58215|
|Assets and Liabilities|
|Equity Capital||$24.46 million|
|Loan Loss Allowance||$2.31 million|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$23.22 million|
|Loan Loss Allowance||$2.19 million|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||3.53%|
|Return on Assets||0.61%|
|Return on Equity||5.04%|
|Interest Income||$8.10 million|
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|0.10%||$100||-||Insight Savings Account|
|0.10%||$1k||-||Insight HSA Account|
|0.30%||$50k||-||Personal Money Market Account|
|0.30%||$50k||-||Business Money Market Account|
|0.50%||$10k||-||Insight Personal Checking Plus|
|0.25%||$1k||-||Insight Personal Checking|
|0.10%||$1k||-||Business Plus Checking|
|1.30%||$500||$99k||60 Month CD|
|1.10%||$500||$99k||48 Month CD|
|0.90%||$500||$99k||36 Month CD|
|0.85%||$500||$99k||30 Month CD|
|0.75%||$500||$99k||24 Month CD|
|0.65%||$500||$99k||18 Month CD|
|0.45%||$500||$99k||12 Month CD|
|0.35%||$500||$99k||9 Month CD|
|0.25%||$500||$99k||6 Month CD|
|0.20%||$500||$99k||3 Month CD|
|Insight Bank Locations|
|Insight Bank||150 West Wilson Bridge Road||Worthington, OH 43085|