Lumbee Guaranty Bank is headquartered in Pembroke and is the 35th largest bank in the state of North Carolina. It is also the 2,063rd largest bank in the nation. It was established in 1971 and as of March of 2014, it had grown to 98 employees at 15 locations. Lumbee Guaranty Bank has a B health rating.
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Debit Visa Card Use
This is the worst card that I have ever used I can have $2000.00 in the bank and my card will be declined 4 out of 5 times in one day for as low as $197.00 purchase. My son has an account here also and he has the same problem. It is very imbarassing and you do not trust just going and buying something must go to cash machine and get cash. Can;t by anything online it declines the card . They offer a no fee on 10 debit visa transactions a month, but I can never use my card. lOOKING FOR NEW BANK . WOULD NOT RECOMMEND.
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 Lumbee Guaranty Bank had $6.58 million in non-current loans and owned real-estate with $35.51 million in equity and loan loss allowances on hand to cover it. This gives Lumbee Guaranty Bank a Texas Ratio of 18.54% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Lumbee Guaranty Bank experienced no significant changes from 17.12% as of March 31, 2013 to 18.54% as of March 31, 2014, resulting in a negative change of 8.31%. This indicates that the balance sheet and financial strength for Lumbee Guaranty Bank has had no significant changes in recent periods.
Deposit Growth
In the past year, Lumbee Guaranty Bank has decreased its total deposits by -$4.85 million, resulting in -1.72% 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 Lumbee Guaranty Bank has shown is average.
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. Lumbee Guaranty Bank has $318.91 million in assets with $35.51 million in equity, resulting in a capitalization level of 11.14%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 20568 |
| Year Established | 1971 |
| Employees | 98 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $318.91 million |
| Loans | $184.94 million |
| Deposits | $277.30 million |
| Equity Capital | $32.21 million |
| Loan Loss Allowance | $3.30 million |
| Unbacked Noncurrent Loans | $6.14 million |
| Real Estate Owned | $443,000 |
| Historic Data - March 2013 | |
|---|---|
| Assets | $323.50 million |
| Equity Capital | $31.93 million |
| Loan Loss Allowance | $3.44 million |
| Unbacked Noncurrent Loans | $6.14 million |
| Real Estate Owned | $1.46 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.07% |
| Return on Assets | 0.8% |
| Return on Equity | 8.19% |
| Interest Income | $3.29 million |
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Lumbee Guaranty Bank CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.75% | $5k | - | 48 Month CD Special | |
| 0.55% | $5k | - | 15 Month CD Special | |
| 0.40% | $5k | - | 9 Month CD Special |
Lumbee Guaranty Bank has 15 locations. Click to view all Lumbee Guaranty Bank locations.