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Overview / Commentary
573-442-6023
3855 Forum Boulevard
Columbia, MO 65203

Providence Bank is headquartered in Columbia and is the 34th largest bank in the state of Missouri. It is also the 1,026th largest bank in the nation. It was established in 1888 and as of December of 2013, it had grown to 160 employees at 13 locations. Providence Bank has a A health rating.

Reviews (2)

Lost My Loan NOTE

Whiile this bank is attractive with their PALS program, I do not suggest them for loans. Ever since they bought the small bank that allowed them to claim over 120 years of banking they have lost thier personal, friendly bank feel. They went from small town branches to buying a major failing bank and expected things to go smoothly? It went so smoothly they lost my NOTE to my loan! What kind of bank is that? Take your money elsewhere people.This place is too unorganized.

Providence Bank, Columbia, MO

If anyone has any loans with Providence Bank in Columbia, Missouri, grab your ankles and spread your cheeks.  Should you TRY to pay off the bank within a reasonable time, they will tack on unnecessary fees and stall for time to increase their profit.  The bank is owned by the Walmart family and Sam Walton is no doubt rolling in his grave for the way this institution is treating hard working people.  They have employed a law firm that deals unfairly on a minute by minute basis.  I strongly recommend that the firm of  BROWN, WILLBRAND, SIMON, POWELL & LEWIS, P.C. never be used by honest, hard working people. Please consider another institution and law firm in the future.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 Providence Bank had $3 million in non-current loans and owned real-estate with $88.82 million in equity and loan loss allowances on hand to cover it. This gives Providence Bank a Texas Ratio of 3.37% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Providence Bank decreased dramatically from 8.70% as of December 31, 2012 to 3.37% as of December 31, 2013, resulting in a positive change of 61.25%.This indicates that the balance sheet and financial strength for Providence Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Providence Bank has decreased its total deposits by -$11.04 million, resulting in -1.94% 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 Providence Bank has shown is average.

Capitalization

GRADE:
A+

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. Providence Bank has $654.48 million in assets with $88.82 million in equity, resulting in a capitalization level of 13.57%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #1643
Year Established1888
Employees160
Primary RegulatorFED
Assets and Liabilities
Assets$654.48 million
Loans$392.71 million
Deposits$558.08 million
Equity Capital$78.79 million
Loan Loss Allowance$10.03 million
Unbacked Noncurrent Loans$758,000
Real Estate Owned$2.24 million
Historic Data - December 2012
Assets$674.97 million
Equity Capital$84.60 million
Loan Loss Allowance$11.77 million
Unbacked Noncurrent Loans$758,000
Real Estate Owned$1.78 million
Profit Margin - Quarterly
Net Interest Margin5.11%
Return on Assets-0.33%
Return on Equity-2.72%
Interest Income$32.24 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Providence Bank, we are a rate comparison website and can not provide official rates or promotions.

Providence Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Investment Savings
0.15%$50-Providence Savings
0.15%--Young Savers
0.15%--Christmas Club

Providence Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-Money Market
0.20%$100k-Business Money Market

Providence Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$1k-Elite Interest Checking
0.05%--VIP Interest Checking
0.05%--50 & Better Interest Cehcking
0.05%$5k-Business Interest Checking

Providence Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.21%$5k-39 Month Special CD
1.00%$1k-60 Month CD
1.00%$5k-28 Month CD Special
0.75%$1k-48 Month CD
0.70%$5k-15 Month CD Special
0.55%$1k-36 Month CD
0.55%$5k-9 Month CD Special
0.45%$1k-24 Month CD
0.35%$1k-18 Month CD
0.25%$1k-12 Month CD
0.15%$1k-6 Month CD
0.10%$1k-3 Month CD

Providence Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.21%$5k-39 Month IRA Special (Traditional,Roth,CESA)
1.00%$1k-60 Month IRA (Traditional,Roth,CESA)
1.00%$5k-28 Month IRA Special (Traditional,Roth,CESA)
0.75%$1k-48 Month IRA (Traditional,Roth,CESA)
0.70%$5k-15 Month IRA Special (Traditional,Roth,CESA)
0.55%$1k-36 Month IRA (Traditional,Roth,CESA)
0.55%$5k-9 Month IRA Special (Traditional,Roth,CESA)
0.45%$1k-24 Month IRA (Traditional,Roth,CESA)
0.35%$1k-18 Month IRA (Traditional,Roth,CESA)
0.25%$1k-12 Month IRA (Traditional,Roth,CESA)
0.15%$1k-6 Month IRA (Traditional,Roth,CESA)
Locations

Providence Bank has 13 locations. Click to view all Providence Bank locations.