The MINT National Bank
The MINT National Bank is headquartered in Kingwood and is the 442nd largest bank in the state of Texas. It is also the 5,637th largest bank in the nation. It was established in 2009 and as of March of 2014, it had grown to 10 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 Q1 2014
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 The MINT National Bank had $919,000 in non-current loans and owned real-estate with $9.67 million in equity and loan loss allowances on hand to cover it. This gives The MINT National Bank a Texas Ratio of 9.51% 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 The MINT National Bank decreased dramatically from 16.60% as of March 31, 2013 to 9.51% as of March 31, 2014, resulting in a positive change of 42.74%.This indicates that the balance sheet and financial strength for The MINT National Bank has improved dramatically in recent periods.
Deposit Growth
In the past year, The MINT National Bank has increased its total deposits by $9.33 million, resulting in 20.83% 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 $63.18 million in assets with $9.67 million in equity, resulting in a capitalization level of 15.30%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 58764 |
| Year Established | 2009 |
| Employees | 10 |
| Primary Regulator | OCC |
| Assets and Liabilities | |
|---|---|
| Assets | $63.18 million |
| Loans | $46.76 million |
| Deposits | $54.14 million |
| Equity Capital | $8.94 million |
| Loan Loss Allowance | $726,000 |
| Unbacked Noncurrent Loans | $919,000 |
| Real Estate Owned | $0 |
| Historic Data - March 2013 | |
|---|---|
| Assets | $53.02 million |
| Equity Capital | $8.13 million |
| Loan Loss Allowance | $630,000 |
| Unbacked Noncurrent Loans | $919,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.65% |
| Return on Assets | 0.18% |
| Return on Equity | 1.34% |
| Interest Income | $710,000 |
Always verify rates and promotions with the bank or credit union. We are not The MINT National Bank, we are a rate comparison website and can not provide official rates or promotions.
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 |