Advertising Disclosure
  1. Banks
  2. Portage Bank

Portage Bank


Overview / Commentary
portage.bank
507-632-4242
104 West Main Street
Ceylon, MN 56121

Portage Bank is headquartered in BELLEVUE and is the 35th largest bank in the state of Washington. It is also the 4,142nd largest bank in the nation. It was established in 1901 and as of June of 2024, it had grown to 14 employees at 3 locations. Portage Bank's money market rates are 8X the national average, and it has a B health rating.

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B

Data as of Q2 2024

Learn why bank health matters
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. Portage Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #8197
Year Established1901
Employees14
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.26%
Return on Equity - YTD12.17%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$67.8MM$71MM
LoansQ2 2024vs Q2 2023$57.8MM$56.1MM
DepositsQ2 2024vs Q2 2023$54.1MM$53.5MM
Equity CapitalQ2 2024vs Q2 2023$7.1MM$6.4MM
Loan Loss AllowanceQ2 2024vs Q2 2023$700K$605K
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$962K$9K
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Portage Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Portage Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$10-Regular Savings

Portage Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.55%*$250k*-New Frontiers Money Market
OTHER TIERS: 0.15% → $0 - $10k | 3.03% → $10k - $100k | 3.29% → $100k - $250k

Portage Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$10k*-Platinum Checking
OTHER TIERS: 0.05% → $1k - $3k | 0.15% → $3k - $10k

Portage Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.06%$25k-12 Month Ladder CD
3.72%$25k-9 Month Ladder CD
3.33%$25k-6 Month Ladder CD
3.02%*$500k*-6 Month High Yield CD
OTHER TIERS: 2.87% → $10k - $500k
2.78%$25k-3 Month Ladder CD
0.85%$500-60 Month CD
0.80%$500-36 Month CD
0.80%$500-48 Month CD
0.70%$500-24 Month CD
0.55%$500-12 Month CD
0.45%$500-3 Month CD
0.45%$500-6 Month CD
0.45%$500-9 Month CD
Locations


Portage Bank Locations
State Bank Of Ceylon104 W Main StCeylon, MN 56121

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.