Neighbors Bank


Overview / Commentary
833-514-4190
1801 Westfall Drive, Suite 105
Columbia, MO 65202

Neighbors Bank is based in Missouri and offers a competitive high-yield online savings account. Founded in 1945, the bank has developed a niche lending to first-time home buyers in 49 states using industry-leading technology.

Neighbors Bank’s high-yield online savings account offers an attractive APY, no monthly service fee, and deposits and withdrawals through ACH. Neighbors Bank offers mobile apps for iOS and Android and a convenient online banking platform.

Related Posts

Neighbors Bank Drops To 1.45% APY 8/5/2020 - 8/4/2020

From Neighbors Bank: "Due to evolving market conditions, our savings rate will change from 1.70% APY to 1.45% APY on balances $25,000 and over, effective August 5, 2020"

No Limit On Savings Account Withdrawals - 6/2/2020

Message from Neighbors Bank about its online savings account, “There is a federal regulation on savings withdrawals that has been suspended at this time due to the new care act. There is not a limit currently.”

Neighbors Bank No Longer Opening New Savings Accounts - 5/27/2020

We knew that this would happen; a tiny bank offering 1.70% savings accts was deluged with new acct applications thanks to the DA effect. You can leave them your email address and they'll contact you if and when they resume opening new accts.  Ken, you hit the nail on the head yesterday when you wrote that Neighbors may soon suspend new acct openings!!

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Reviews (2)

Savings Rates

Posted by: |

i had spoken to the Mgr and they will hold 1.7 % rates for new account holders Neighbors Bank suspended new accounts for the 1.7 % rates back in May 2020 until further notice.

Setting up accounts are easy and sending money to your account is 3 day fast as long as you use your neighbors account for the transfer, and up to 50,000 a day if you need to. I am not going to say much more until i have been a customer for awhile but so far i have a good feeling about this bank. Workers at this bank respond quickly with answers to questions.

Easy Opening

Posted by: |

Process is simple and smooth. Hopefully they hold the rate of 1.7% on this account for a while.



Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Neighbors Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #16247
Year Established1945
Employees68
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD4.64%
Return on Equity - YTD39.74%
Annual Interest Income$529.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$70.0MM$30.3MM
LoansQ2 2020vs Q2 2019$28.7MM$13.5MM
DepositsQ2 2020vs Q2 2019$61.4MM$25.7MM
Equity CapitalQ2 2020vs Q2 2019$7.5MM$4.4MM
Loan Loss AllowanceQ2 2020vs Q2 2019$130.00K$126.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$19.00K$0
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates

Sorry, we do not have rate data for Neighbors Bank.

Locations


Neighbors Bank Locations
Clarence State Bank101 East ChestnutClarence, MO 63437

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