Deposits held and insured by MetaBank

Overview / Commentary
5501 South Broadband Lane
Sioux Falls, SD 57108
Deposits held and insured by MetaBank

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Porte Changing Savings Qualifications - 10/1/2021

Received an in app notification today that the Porte Savings will be tiered: Standard rate of 0.20% for entire savings account. Higher Tier of 3.00% on up to 15,000 if you meet the following: Direct Deposit of $3,000 per quarter AND 15 Debit Card Transactions per month. (0.20% for anything over $15,000). Note: The checking/debit card portion of the account yield is currently 0.00%. I do not know if the 0.20% extends to that portion based on the truth in savings disclosure, but very possibly will not. Essentially this has become a Rewards Checking Account, except using a separate savings account to determine amount/interest. New Disclosure Text: Variable Rate effective 01/01/2022: Bonus Interest Rate – Tiered Variable Rate: • An interest rate of 0.20% will be paid on your average daily balance with an APY of 0.20%. • Additionally, the optional Porte Savings account allows you to earn a higher interest rate of 2.97% with an APY of 3.00% on an average daily balance of up to $15,0

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Data as of Q1 2022

Data displayed below is for insuring bank: MetaBank
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Health Grade Components

FDIC Certificate #30776
Year Established1954
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD2.79%
Return on Equity - YTD22.92%
Annual Interest Income$87.1MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$6.89B$9.79B
LoansQ1 2022vs Q1 2021$3.67B$3.63B
DepositsQ1 2022vs Q1 2021$5.83B$8.65B
Equity CapitalQ1 2022vs Q1 2021$852.7MM$922.5MM
Loan Loss AllowanceQ1 2022vs Q1 2021$88.6MM$98.9MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$35.8MM$43.5MM
Real Estate OwnedQ1 2022vs Q1 2021$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Porte Savings Account Rates

3.00%*-$15kSavings Account
OTHER TIERS: 0.20% $15k+

Porte is an Internet only bank and does not have branch locations. Its headquarters is located at 5501 South Broadband Lane - Sioux Falls, SD 57108

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