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281.359.MINT
1213 Kingwood Drive
Kingwood, TX 77339

The MINT National Bank is headquartered in Kingwood and is the 442nd largest bank in the state of Texas. It is also the 5,672nd largest bank in the nation. It was established in 2009 and as of December of 2013, it had grown to 9 employees at 1 location. The MINT National Bank has a B+ health rating.

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Reviews (1)

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%.            



Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. The MINT National Bank has a relatively low asset base.

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 The MINT National Bank had $989,000 in non-current loans and owned real-estate with $9.04 million in equity and loan loss allowances on hand to cover it. This gives The MINT National Bank a Texas Ratio of 10.94% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for The MINT National Bank decreased slightly from 12.41% as of December 31, 2012 to 10.94% as of December 31, 2013, resulting in a positive change of 11.90%.This indicates that the balance sheet and financial strength for The MINT National Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, The MINT National Bank has increased its total deposits by $11.24 million, resulting in 25.89% 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

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. The MINT National Bank has $63.09 million in assets with $9.04 million in equity, resulting in a capitalization level of 14.33%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58764
Year Established2009
Employees9
Primary RegulatorOCC
Assets and Liabilities
Assets$63.09 million
Loans$42.98 million
Deposits$54.66 million
Equity Capital$8.34 million
Loan Loss Allowance$702,000
Unbacked Noncurrent Loans$989,000
Real Estate Owned$0
Historic Data - December 2012
Assets$51.59 million
Equity Capital$8.07 million
Loan Loss Allowance$606,000
Unbacked Noncurrent Loans$989,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.68%
Return on Assets0.47%
Return on Equity3.28%
Interest Income$2.60 million
Rates
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The MINT National Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$10k-ManageMINT Savings
0.40%--EconoMINT Savings
0.25%$10k-MonuMINT Savings

The MINT National Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$10k-MonuMINT Checking

The MINT National Bank CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
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
Locations


The MINT National Bank Locations
The Mint National Bank1213 Kingwood DriveKingwood, TX 77339