Small Business Bank is headquartered in LENEXA and is the 139th largest bank in the state of Kansas. It is also the 3,897th largest bank in the nation. It was established in 1984 and as of March of 2023, it had grown to 21 employees at 1 location. Small Business Bank has an A+ health rating.
Best Small Business Checking Account
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.
Great Features, Horrible Technology
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.
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 25744 |
| Year Established | 1984 |
| Employees | 21 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.56% |
| Return on Equity - YTD | -5.37% |
| Annual Interest Income | $969.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $102.7MM$97.0MM |
| Loans | Q1 2023vs Q1 2022 | $81.4MM$62.4MM |
| Deposits | Q1 2023vs Q1 2022 | $91.9MM$86.3MM |
| Equity Capital | Q1 2023vs Q1 2022 | $10.5MM$10.6MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $522.00K$690.00K |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $166.00K$640.00K |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |