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STAR RATING FOR: Bank of Tescott
Superior (These institutions are on BauerFinancial's Recommended Report.)
Bank of Tescott, headquartered in Tescott, Kansas is rated 5-Star for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. (BauerFinancial rates all banks and credit unions on a zero-to-five star scale with 5-stars being the strongest.) A 5-Star rating is BauerFinancial’s highest rating. A 5-Star “Superior” rating indicates, among other things, that this institution has at least twice the capital that regulators require, is profitable (or operating with a very small loss) and has kept its delinquent loans in check. This bank can be found on Bauer’s Recommended Bank Report.
Bank of Tescott (FDIC certificate #1868) was established in 1887 and operates through 5 branch offices located in Lincoln, Mcpherson, Ottawa and Saline counties in Kansas. The bank’s parent holding company is TESCOTT BANCSHARES, INC.
Bank of Tescott is a state-chartered commercial bank and not a member of the Federal Reserve. It is supervised by the FDIC.
The FDIC classifies the bank’s asset concentration as Agricultural Specialization. (Valid FDIC classifications for banks are: International, Agricultural, Credit-card, Mortgage Lending, Consumer Lending, Commercial Lending, Other Specialized with assets < $1 billion, All Others with assets < $1 billion and All Others with assets > $1 billion.)
The bank’s ownership type is Stock, Sub Chapter S. This means the bank converted to a sub-chapter S corporation after the option became available to banks in 1997. In times of profitability, there are definite tax advantages to the S-corporation designation. In times of losses, however, C corporations are allowed certain tax deductions that are not available to S-corporations.
Sub Chapter S corporations are closely held stock institutions with no more than 100 shareholders and are only allowed to issue common stock. These institutions have elected to not pay income taxes directly, but instead pass income, losses, deductions and credit through to the shareholders.
Community Reinvestment Act Rating: Satisfactory
The Community Reinvestment Act of 1977 (CRA) provides a framework for financial institutions, state and local governments, and community organizations to jointly promote banking services to all members of a community. In a nutshell, the CRA prohibits redlining (denying or increasing the cost of banking to residents of racially defined and/or low and moderate-income neighborhoods), and encourages efforts to meet the credit needs of all community members, including residents of low- and moderate-income neighborhoods), consistent with safe and sound operations.
Possible CRA ratings are: Outstanding; Satisfactory; Needs to Improve; and Substantial Noncompliance.
The bank’s deposits are insured by the FDIC; Bank of Tescott’s FDIC Certificate Number is 1868. For questions concerning deposit insurance, visit the FDIC at www.fdic.gov.
In addition to its nationally-recognized star-rating system,
BauerFinancialhas designed the following reports with the conscientious
consumer in mind:
1) Highlights Reports are designed for anyone who wants
to see how an individual institution has fared over the course of the
The Highlights Report provides five quarters of highlights side by side so you can easily see if an institution is improving, maintaining or struggling with its rating.
Also included on the Highlights Report are:
• opening date and number of branches
• you can see if it is an established institution
• phone number and web site address when available
• you can contact the institution instantly
• asset size
• you know how big it is
• profitability data
• you can see if it is making money
• capital ratios
• you can compare them to regulatory minimums
You get all this for just $15 per institution.
2) Summary Reports also include five quarters of data and are designed
for people who want more information than what is available on the
Highlights Report but do not need detailed explanations or peer group
The Summary Report Includes:
• everything that is on the Highlights Report
• see above
• delinquent loan information
• you can see if past due loans are going up or down(increases in delinquencies are often a predictor of trouble)
• capital levels
• You can see what type of cushion the institution has between what it owes and what it owns
• return on assets (ROA) and return on equity (ROE)
• you can compare different measures of profitability
3) Analytical Reports are designed for people who want
more complete data for the specified quarter along with detailed
explanations in plain English of what it all means.
The Analytical Report is an accurate snapshot of what the
institution looked like at a specific point in time. This 6-page report
is available for just $20 more than the Summary Report.
In addition to Financial Statements,the Analytical Report Includes:
• a variety of ratios
• you get a complete picture of the institution
• peer group comparisons
• you can easily see how the institution is performing compared to other institutions of a similar size
• regulatory minimum requirements
• you can see if it meets or exceeds government requirements
• plain English explanations
• you can understand the entire report even if you have never seen a financial statement before
5) LLAMAS Reports are
BauerFinancial's answer to
the CAMELS call and are designed for anyone who wants it all. While
CAMELS ratings are confidential, our LLAMAS report is a combination
Summary Report + Analytical Report. It provides the best of both worlds
by giving you a Summary Report to show you trends over time and an
Analytical Report to give a detailed analysis of the institution at a
specific point in time. All for just $14 more than the Analytical Report
You get all this for just $59 per institution.
combination package of the Summary and Analytical Reports. See above for
STAR RATING DEFINITIONS:
Superior (These institutions are on BauerFinancial's Recommended Reports.)
Excellent (These institutions are on BauerFinancial's
Our lowest rating
Start-up. Institutions that are too new to rate.
Credit Unions that either: have less than $1.5 million in assets or are
not NCUA insured.
Institution has failed and/or is operating under FDIC conservatorship.
Financial data is compiled for U.S. banks and thrifts from call report data as reported to federal regulators. Although the financial data obtained from these sources is consistently reliable, the accuracy and completeness of the data cannot be guaranteed by BauerFinancial, Inc. CEO names and bank addresses are subject to change. While out staff makes every effort to ensure that these are current, the accuracy and completeness cannot be guaranteed by BauerFinancial.
All institutions are subject to federal regulatory capital requirements, but those requirements vary among institutions and are dependent on many factors. In general, institutions are required to maintain a tangible capital ratio of at least 4%, a tier 1 risk-based capital ratio of at least 4% and a total risk-based capital ratio of at least 8%.
In addition to the capital ratio, other criteria are used to determine the BauerFinancial Star-Rating. Some of these include but are not limited to: profitability/loss trend, evaluating the level of delinquent loans, chargeoffs and repossessed assets, the market versus book value of the investment portfolio, regulatory supervisory agreements, the community reinvestment rating (CRA), historical data and liquidity.