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.
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.
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.
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.
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.
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.
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.
|FDIC Certificate #||1643|
|Assets and Liabilities|
|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|
|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 Margin||5.11%|
|Return on Assets||-0.33%|
|Return on Equity||-2.72%|
|Interest Income||$32.24 million|
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.
|0.20%||$100k||-||Business Money Market|
|0.10%||$1k||-||Elite Interest Checking|
|0.05%||-||-||VIP Interest Checking|
|0.05%||-||-||50 & Better Interest Cehcking|
|0.05%||$5k||-||Business Interest Checking|
|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|
|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)|