Banks | The First National Bank of McGregor

The First National Bank of McGregor


The First National Bank of McGregor is an FDIC insured institution headquartered at 401 S Main St, Mc Gregor, TX 76657.
It was founded in 1889 and has approximately $1 billion in assets. Customers can open an account at one of its 3 branches.

Deposit Rates - December 22, 2024

SAVINGS RATES APY MIN
Savings
0.10% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.35% $10,000 Compare
6 Mo CD
0.35% $100,000 Compare
12 Mo CD
0.65% $10,000 Compare
12 Mo CD
0.65% $100,000 Compare
Special: 15 Mo CD
1.16% $100,000 Compare
18 Mo CD
0.75% $10,000 Compare
18 Mo CD
0.75% $100,000 Compare
24 Mo CD
0.85% $10,000 Compare
24 Mo CD
0.85% $100,000 Compare
Special: 27 Mo CD
1.36% $100,000 Compare
30 Mo CD
1.00% $10,000 Compare
30 Mo CD
1.00% $100,000 Compare
36 Mo CD
1.15% $10,000 Compare
36 Mo CD
1.15% $100,000 Compare
Special: 39 Mo CD
1.51% $100,000 Compare
60 Mo CD
1.51% $10,000 Compare
60 Mo CD
1.51% $100,000 Compare
MM RATES APY MIN
Money Market
0.20% $2,500 Compare
Money Market
0.30% $10,000 Compare
Money Market
0.30% $25,000 Compare
PREMM RATES APY MIN
Premium Money Market
0.10% $10,000 Compare
Premium Money Market
0.10% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.10% $1
Int Ckg
0.10% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 3330
Date Established 1889
Assets $ 917.50 million
Loans $ 688.61 million
Deposits $ 808.28 million
Capital $ 79.63 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 91.12 million
Interest-bearing balances $ 80.35 million
Total securities $ 82.99 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 688.61 million
Loan loss allowance $ 8.34 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.75 million
Goodwill and other intangibles N.A.
All other assets $ 19.19 million
     Total Assets $ 837.87 million

LIABILITIES
Total deposits $ 808.28 million
      Interest-bearing deposits $ 725.83 million
      Deposits held in domestic offices $ 808.28 million
      % insured (estimated) 77.87%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 2.44 millionn
      Total Liabilities $ 837.87 million
      Shareholders’ Equity $ 79.63 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 29.36 million
Total Interest Expense $ 13.60 million
Net interest income $ 15.76 million
Provision for loan and lease losses $ 0.65 million
Total non interest income $ 1.46 million
Total non interest expense $ 12.48 million
Pre-tax Net Operating Income $ 3.93 million

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