The MINT National Bank is headquartered in Kingwood and is the 444th largest bank in the state of Texas. It is also the 5,691st largest bank in the nation. It was established in 2009 and as of September of 2013, it had grown to 8 employees at 1 location. The MINT National Bank has a B+ health rating.
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Small Bank With Big Rates
I felt the MINT's CD rates and relatively strong rating justified the 60 mile trek to investigate this little bank in Kingwood, TX. Although the staff is small the CSR, Erin, was competent and efficient in processing our new account. The transaction was visible online the next day, and I felt confident in extending my CD ladder with one of the few banks still offering a 5 yr. rate over 2%.
Data for Q3 2013
Institution Health
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 September 30, 2013 The MINT National Bank had $1.01 million in non-current loans and owned real-estate with $9.02 million in equity and loan loss allowances on hand to cover it. This gives The MINT National Bank a Texas Ratio of 11.22% 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 The MINT National Bank held steady from 11.71% as of September 30, 2012 to 11.22% as of September 30, 2013, resulting in a positive change of 4.17%.This indicates that the balance sheet and financial strength for The MINT National Bank has held steady in recent periods.
Deposit Growth
In the past year, The MINT National Bank has increased its total deposits by $13.2 million, resulting in 31.14% 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 The MINT National 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. The MINT National Bank has $64.02 million in assets with $9.02 million in equity, resulting in a capitalization level of 14.08%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 58764 |
| Year Established | 2009 |
| Employees | 8 |
| Primary Regulator | OCC |
| Assets and Liabilities | |
|---|---|
| Assets | $64.02 million |
| Loans | $41.74 million |
| Deposits | $55.61 million |
| Equity Capital | $8.34 million |
| Loan Loss Allowance | $678,000 |
| Unbacked Noncurrent Loans | $1.01 million |
| Real Estate Owned | $0 |
| Historic Data - September 2012 | |
|---|---|
| Assets | $50.45 million |
| Equity Capital | $7.97 million |
| Loan Loss Allowance | $582,000 |
| Unbacked Noncurrent Loans | $1.01 million |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.82% |
| Return on Assets | 0.64% |
| Return on Equity | 4.39% |
| Interest Income | $1.95 million |
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The MINT National Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | $10k | - | ManageMINT Savings | |
| 0.40% | - | - | EconoMINT Savings | |
| 0.25% | $10k | - | MonuMINT Savings |
The MINT National Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | $10k | - | MonuMINT Checking |
The MINT National Bank CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.50% | - | - | 60 Month CD | |
| 1.35% | - | - | 48 Month CD | |
| 1.20% | - | - | 36 Month CD | |
| 1.10% | - | - | 30 Month CD | |
| 1.00% | - | - | 24 Month CD | |
| 0.70% | - | - | 12 Month CD | |
| 0.15% | - | - | 3 Month CD | |
| 0.15% | - | - | 6 Month CD |
The MINT National Bank IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.50% | - | - | 60 Month IRA | |
| 1.35% | - | - | 48 Month IRA | |
| 1.20% | - | - | 36 Month IRA | |
| 1.10% | - | - | 30 Month IRA | |
| 1.00% | - | - | 24 Month IRA | |
| 0.70% | - | - | 12 Month Variable IRA | |
| 0.70% | - | - | 12 Month IRA | |
| 0.15% | - | - | 3 Month IRA | |
| 0.15% | - | - | 6 Month IRA |
| The MINT National Bank Locations | ||
|---|---|---|
| The Mint National Bank | 1213 Kingwood Drive | Kingwood, TX 77339 |