Manhattan Bank

Manhattan Bank is headquartered in Manhattan and is the 29^th largest bank in the state of Montana. It is also the 4,354^th largest bank in the nation. It was established in 1905 and as of March of 2012, it had grown to 36 employees at 4 locations. Manhattan Bank's savings rates are 3X the national average, and it has a 4-star health rating.

Manhattan Bank Routing Number: 092902132

Manhattan Bank Checking Account Rates

Manhattan Bank Savings Account Rates

Manhattan Bank Money Market Rates

Manhattan Bank CD Rates

Data for Q1 2012

Institution Statistics Manhattan Bank FDIC Certificate # 11823 BankRate Report View Year Established 1905 Employees 36 Primary Regulator FDIC Assets and Liabilities Assets $124.80 million Loans $62.10 million Deposits $111.84 million Equity Capital $12.18 million Loan Loss Allowance $1.81 million Unbacked Noncurrent Loans $2.41 million Real Estate Owned $907,000 Historic Data - March 2011 Assets $111.06 million Equity Capital $11.13 million Loan Loss Allowance $2.00 million Unbacked Noncurrent Loans $1.78 million Real Estate Owned $659,000 Profit Margin - Quarterly Net Interest Margin 4.26% Return on Assets 1.38% Return on Equity 13.9% Interest Income $1.31 million

Institution Health Overall Score: 4 out of 5 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 March 31, 2012 Manhattan Bank had $3.32 million in non-current loans and owned real-estate with $13.99 million in equity and loan loss allowances on hand to cover it. This gives Manhattan Bank a Texas Ratio of 23.70% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Manhattan Bank increased slightly from 18.56% as of March 31, 2011 to 23.70% as of March 31, 2012, resulting in a negative change of 27.68%. This indicates that the balance sheet and financial strength for Manhattan Bank has declined slightly in recent periods. Deposit Growth In the past year, Manhattan Bank has increased its total deposits by $12.59 million, resulting in 12.68% 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 Manhattan 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. Manhattan Bank has $124.8 million in assets with $13.99 million in equity, resulting in a capitalization level of 11.21%, which is above average.

No reviews have been left for this bank yet. Be the first to review.