Guaranty Bank is headquartered in Springfield and is the 24th largest bank in the state of Missouri. It is also the 786th largest bank in the nation. It was established in 1891 and as of September of 2019, it had grown to 228 employees at 16 locations. Guaranty Bank's money market rates are 36% higher than the national average, and it has an A health rating.
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Fairly Easy
My experience from Guaranty Bank transitioning to an only online banking has been fairly easy. There have been a few issues where I realized I could'n't do a specific task because there was no brick and mortar location to go to.
Service!
I like my bank there is no fee for my checking count and I can access the bank via an app 24/7. They have check deposit via my phone and I have been a loyal customer for over 6 years now. One of the best things about this bank is the customer service. I can call and I talk to a human every time any time I want. A few months ago I had an overdraft fee that was still in process and I called to have it reversed. They were going to do the reversal but it did not post yet. I asked if I had to call back the following day but the rep said that there was no need to do that and she would make a note to herself to have that reversed and posted for me. The next day when I checked she reversed the charge. I also like that the bank is local and it provides jobs to my community.
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 28670 |
| Year Established | 1891 |
| Employees | 228 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.18% |
| Return on Equity - YTD | 10.87% |
| Annual Interest Income | $34.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $1.01B$965.5MM |
| Loans | Q3 2019vs Q3 2018 | $745.0MM$781.3MM |
| Deposits | Q3 2019vs Q3 2018 | $842.7MM$763.4MM |
| Equity Capital | Q3 2019vs Q3 2018 | $107.1MM$102.9MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $7.6MM$7.7MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $9.8MM$14.0MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $1.5MM$1.1MM |
