Institution Statistics
| Minster Bank | | FDIC Certificate # | 763 | | BankRate Report | View | | Year Established | 1914 | | Employees | 81 | | Primary Regulator | FED |
Assets and Liabilities | | Assets | $341.39 million | | Loans | $179.90 million | | Deposits | $293.80 million | | Equity Capital | $27.95 million | | Loan Loss Allowance | $3.34 million | | Unbacked Noncurrent Loans | $1.31 million | | Real Estate Owned | $58,000 |
Historic Data - March 2011 | | Assets | $314.27 million | | Equity Capital | $24.89 million | | Loan Loss Allowance | $2.91 million | | Unbacked Noncurrent Loans | $1.26 million | | Real Estate Owned | $118,000 |
Profit Margin - Quarterly | | Net Interest Margin | 3.54% | | Return on Assets | 1.22% | | Return on Equity | 14.91% | | Interest Income | $3.09 million |
|
|
Institution Health
Overall Score:
5 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 Minster Bank had $1.37 million in non-current loans and owned real-estate with $31.29 million in equity and loan loss allowances on hand to cover it. This gives Minster Bank a Texas Ratio of 4.38% 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 Minster Bank decreased slightly from 5.49% as of March 31, 2011 to 4.38% as of March 31, 2012, resulting in a positive change of 20.34%.This indicates that the balance sheet and financial strength for Minster Bank has improved slightly in recent periods. | | Deposit Growth | | | In the past year, Minster Bank has increased its total deposits by $18.54 million, resulting in 6.73% 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 Minster 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. Minster Bank has $341.39 million in assets with $31.29 million in equity, resulting in a capitalization level of 9.17%, which is average. |
|
Average User Rating:
Do Not Bank With Minster Bank
I am a Business owner. In the past I have delt with larger banks, but decided to do my business with a smaller bank to develop a more personal relationship. So I chose Minster Bank. This would prove to be a huge mistake! Minster Bank is not at all business friendly.
I own a company with approximately 15 employees. We are a growing business, and cash flow is very imporatant. Mister Bank said they would be willing to work with us. This turned out to be false. Checks that would be deposited into the Business Checking would be held for 7-10 BUSINESS DAYS with NO NOTICE! 10 DAYS BEFORE THE MONEY WAS RELEASED! This was common practice for the bank. In the mean time any purchases of checks that were made against the already deposited, we cleared but charged large fees. When I would check with the companies who issued the checks to my company, I was informed the checks had cleared their bank the day I deposited them with Minster. They knew we needed our money, they had our money, and they knew by holding it we would be willing to pay the fees because e had no choice.
After questioning the bank manager both at the branch level as well as corperate level, I was told it was Ohio law to hold checks of over $5,000.00 for that amount of time. They said any bank would do the same. After checking the state laws as well as the practices of other banks, I found these statements to be blatent lies. I have since closed my account with minster and taken my banking business elsewhere. In my short time with the bank, I incurred housands of dollars in charges as a result of Minster Banks practices.
If you are considering doing business with this bank, I would advise you to reconsider. You can get better service elsewhere, and you will be better off for doing so!