Small Business Bank is headquartered in Lenexa and is the 159th largest bank in the state of Kansas. It is also the 4,684th largest bank in the nation. It was established in 1984 and as of September of 2017, it had grown to 15 employees at 1 location. Small Business Bank has a B+ health rating.
This bank is also DBA smallbusinessbank.com. They offer free checking, free debit card, and free remote deposit. Free remote deposit allows you to deposit checks remotely. I have not yet found another bank that offers similar service without a fee. Also, this bank, being a small bank, offers very friendly services. Employees are very friendly and very helpful. I have been with them for a little less than a year, but I highly recommend their service. I live in California, but I have no problem using their banking service.
I love the account features like no minimums, phone deposit, no fees, high deposit limits.
Unfortunately, their technology platform is really bad. Apps for Android are very buggy. The web site does not show recent deposits. History is difficult to access. Bank security incompatible with Mint.
Build a better web site and get a Windows 10 universal app, and this 2 star rating becomes a 5. My needs are very simple. It will not take a big investment. Technology is the only thing lacking, but it is really badly lacking.
|FDIC Certificate #||25744|
|Return on Assets - YTD||0.34%|
|Return on Equity - YTD||3.05%|
|Annual Interest Income||$2.1MM|
|Assets and Liabilities|
|Assets||Q3 2017vs Q3 2016||$77.5MM$88.1MM|
|Loans||Q3 2017vs Q3 2016||$47.9MM$53.8MM|
|Deposits||Q3 2017vs Q3 2016||$57.8MM$73.6MM|
|Equity Capital||Q3 2017vs Q3 2016||$9.4MM$9.6MM|
|Loan Loss Allowance||Q3 2017vs Q3 2016||$807.00K$856.00K|
|Unbacked Noncurrent Loans||Q3 2017vs Q3 2016||$109.00K$37.00K|
|Real Estate Owned||Q3 2017vs Q3 2016||$11.00K$63.00K|
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|0.99%*||$100k*||-||High Yield Business Savings|
|OTHER TIERS: 0.49% → $100 - $100k|
|OTHER TIERS: 0.11% → Up to $2,500 | 0.31% → $2,500 - $25k|
|Small Business Bank Locations|
|Gardner Bank||13423 West 92nd Street||Lenexa, KS 66215|