Armor Bank

Established in 1919

About Armor Bank

Armor Bank was established on 1919. The bank's headquarters are located at 715 N Washington in Forrest City, Arkansas.

Armor Bank is an FDIC insured bank with FDIC number 28812 managing assets to the value of $207,340 as of 12/31/2020.

Armor Bank has a Texas ratio of 0.32%.
The bank Texas Ratio is an indicator of the bank's health developed at RBC Capital Markets to measure a financial institution's credit troubles. The lower the Texas Ratio, the healthier the bank.

About the Bank

0.32%
Texas Ratio
FDIC Certificate #

28812

Active Insured Since #

Financial Profile

Dollar figures in thousands (000's)

As of 12/31/2020
Total Assets $207,340
Equity Capital $30,676
Total Deposits $176,210
Total Liabilities $176,664
Total Securities $33,324
Net Loans And Leases $146,140
Loan Loss Allowance $1,582
Total Loans And Leases $147,836
YTD (as of 12/31/2020)
Return On Assets 0.19%
Return On Equity 1.52%
Total Interest Income $6,856
Total Interest Expense $980
Total Non Interest Income $452
Total Non Interest Expense $4,780

Headquarters

715 N Washington 72335, Forrest City

Armor Bank branches near me

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Total Loans and Leases Statistics

Total Loans and Leases $147,836 In thousands (000's) * All data provided by fdic.gov updated 12/31/2020

Armor Bank Mortgage Loans Profile

Classic Bank

84.62%

Application Approval Rate

Classic Bank

$225,455

Average Mortgage Loan Amount

Classic Bank

52

Number of Loan Applications

Classic Bank

$136,000

Average Income of Applicants with Approved Loans

Classic Bank

0.00%

Average Cost of Loans

Classic Bank

0.00%

Average Debt to Income Ratio

* All data provided by the Home Mortgage Disclosure Act, at cfpb.gov updated 12/31/2019

Distribution of Mortgage Loans

Top Counties by Number of Mortgage Loan Applications

1 St Francis

Number of Loan Applications
27
Average Loan Amount
$47,381
Approval Rate
77.78%
Average Income of Approved Loans’ Applicants
$127,000

2 Pulaski

Number of Loan Applications
15
Average Loan Amount
$524,333
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$275,000

3 Craighead

Number of Loan Applications
3
Average Loan Amount
$191,667
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$144,000

4 Cross

Number of Loan Applications
2
Average Loan Amount
$25,000
Approval Rate
50.00%
Average Income of Approved Loans’ Applicants
$74,000

5 Lee

Number of Loan Applications
2
Average Loan Amount
$65,000
Approval Rate
50.00%
Average Income of Approved Loans’ Applicants
$94,000

6 Mississippi

Number of Loan Applications
1
Average Loan Amount
$185,000
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$0

Top States by Number of Mortgage Loan Applications

1 Arkansas

Number of Loan Applications
52
Average Loan Amount
$225,455
Approval Rate
84.62%
Average Income of Approved Loans’ Applicants
$136,000