1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

JustBankIt.com

311 Main Street
Mulberry, AR 72947
800-231-6458
www.justbankit.com

FDIC


JustBankIt.com is headquartered in Mulberry and is the 72nd largest bank in the state of Arkansas. It is also the 3,652nd largest bank in the nation. It was established in 1902 and as of December of 2012, it had grown to 37 employees at 10 locations. JustBankIt.com has a 2-star health rating.




JustBankIt.com CD Rates

ApyMinMaxProduct
0.60%$1k-30 Month CD
0.45%$1k-18 Month CD
0.30%$1k-12 Month CD
0.20%$1k-6 Month CD

Rates updated: 5/21/2013

Data for Q4 2012


Institution Statistics


Allied Bank
FDIC Certificate #91
BankRate ReportView
Year Established1902
Employees37
Primary RegulatorFED

Assets and Liabilities

Assets$160.64 million
Loans$114.60 million
Deposits$131.58 million
Equity Capital$16.90 million
Loan Loss Allowance$3.59 million
Unbacked Noncurrent Loans$7.46 million
Real Estate Owned$7.60 million

Historic Data - December 2011

Assets$174.54 million
Equity Capital$16.46 million
Loan Loss Allowance$2.92 million
Unbacked Noncurrent Loans$6.98 million
Real Estate Owned$3.60 million

Profit Margin - Quarterly

Net Interest Margin3.99%
Return on Assets-0.32%
Return on Equity-3.21%
Interest Income$7.45 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio2
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, 2012 JustBankIt.com had $15.06 million in non-current loans and owned real-estate with $20.49 million in equity and loan loss allowances on hand to cover it. This gives JustBankIt.com a Texas Ratio of 73.52% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for JustBankIt.com increased slightly from 54.60% as of December 31, 2011 to 73.52% as of December 31, 2012, resulting in a negative change of 34.64%. This indicates that the balance sheet and financial strength for JustBankIt.com has declined slightly in recent periods.
Deposit Growth1
In the past year, JustBankIt.com has decreased its total deposits by -$13.36 million, resulting in -9.22% 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 JustBankIt.com has shown is poor.
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. JustBankIt.com has $160.64 million in assets with $20.49 million in equity, resulting in a capitalization level of 12.76%, which is excellent.
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RIDICULOUS MONTHLY FEE
1 stars - tyrabanks - Sunday, June 17, 2012 - 3:35 AM

The Premium NOW account is $9.95 a month, regardless of balance.

4

Rates For Justbankit
1 stars - DL10010 - Wednesday, June 16, 2010 - 11:28 AM

Spoke with JustBankIt/Allied Bank this morning regarding their 6 month rate of 1.50% APY.  The representative advised the rate was a typo and their correct rate is 0.40% APY.

1