Libertad Bank is headquartered in Austin and is the 460th largest bank in the state of Texas. It is also the 5,863rd largest bank in the nation. It was established in 2006 and as of December of 2013, it had grown to 10 employees at 1 location. Libertad Bank's money market rates are 2X the national average, and it has a A health rating.
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Data for Q4 2013
Institution Health
Texas Ratio
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 Libertad Bank had $303,000 in non-current loans and owned real-estate with $6.82 million in equity and loan loss allowances on hand to cover it. This gives Libertad Bank a Texas Ratio of 4.44% 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 Libertad Bank experienced no significant changes from 3.64% as of December 31, 2012 to 4.44% as of December 31, 2013, resulting in a negative change of 21.96%. This indicates that the balance sheet and financial strength for Libertad Bank has had no significant changes in recent periods.
Deposit Growth
In the past year, Libertad Bank has increased its total deposits by $12.36 million, resulting in 38.88% 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 Libertad Bank 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. Libertad Bank has $55.62 million in assets with $6.82 million in equity, resulting in a capitalization level of 12.26%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 58082 |
| Year Established | 2006 |
| Employees | 10 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $55.62 million |
| Loans | $40.37 million |
| Deposits | $44.17 million |
| Equity Capital | $6.29 million |
| Loan Loss Allowance | $530,000 |
| Unbacked Noncurrent Loans | $143,000 |
| Real Estate Owned | $160,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $41.14 million |
| Equity Capital | $6.04 million |
| Loan Loss Allowance | $580,000 |
| Unbacked Noncurrent Loans | $143,000 |
| Real Estate Owned | $68,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.92% |
| Return on Assets | 0.45% |
| Return on Equity | 3.74% |
| Interest Income | $2.41 million |
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Libertad Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.15% | - | - | Savings Account |
Libertad Bank Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.00% | $100k | - | Money Market Account |
Libertad Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.15% | - | - | Premier Checking |
Libertad Bank CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.00% | $10k | - | 12 Month CD | |
| 1.00% | $1k | - | 24 Month CD | |
| 0.90% | $1k | - | 18 Month CD | |
| 0.75% | $10k | - | 6 Month CD | |
| 0.25% | $10k | - | 3 Month CD | |
| 0.10% | $1k | - | 1 Month CD |
| Libertad Bank Locations | ||
|---|---|---|
| Libertad Bank SSB | 512 E Riverside Dr | Austin, TX 78704 |