updated 1/21/2011 6:47:55 AM ET 2011-01-21T11:47:55

FRANKLIN, Tenn., Jan. 21, 2011 (GLOBE NEWSWIRE) -- Tennessee Commerce Bancorp, Inc. (Nasdaq:TNCC) today reported financial results for the fourth quarter ended December 31, 2010. The Company reported net income of approximately $928,000, before the preferred dividend, or $0.08 per diluted share for the quarter ended December 31, 2010 compared with net income of $1.7 million, before the preferred dividend, or $0.35 per diluted share for the quarter ended December 31, 2009. The Company also reported net income of $3.4 million, before the preferred dividend, or $0.42 per diluted share for the twelve months ended December 31, 2010, compared to a net loss of $5.6 million, before the preferred dividend, or $1.17 per diluted share for the twelve months ended December 31, 2009.

Assets at December 31, 2010 increased $33.0 million or 2.3% from September 30, 2010. The increase in assets was mainly attributable to an increase of $48.4 million in the available-for-sale securities portfolio, which represented 8.8% of total assets at the end of the fourth quarter compared to 5.6% of total assets at the end of the third quarter. Assets at December 31, 2010 increased $69.6 million or 5.1% from December 31, 2009. Gross loans at December 31, 2010 decreased $11.9 million or 1.0% from September 30, 2010 and increased $58.5 million or 5.0% from December 31, 2009. The increase in gross loans from December 31, 2009 was mainly attributable to an increase of $48.2 million in commercial real estate during the same period. Total deposits at December 31, 2010 increased $38.0 million or 3.0% from September 30, 2010 and $56.5 million or 4.5% from December 31, 2009. The increase from December 31, 2009 was mainly attributable to an increase of $79.2 million in transactional and savings accounts.

The net interest margin improved to 3.93% for the three months ended December 31, 2010 compared to 3.77% for the linked third quarter. For the twelve months ended December 31, 2010, the net interest margin was 4.05% compared to 3.66% for the twelve months ended December 31, 2009. The improved net interest margin for 2010 was mainly attributed to a decrease of 81 basis points to the cost of interest bearing accounts during the period, which resulted in a decrease of $7.1 million or 21% in interest expense.  

The increase in non-performing assets to $91.2 million at December 31, 2010 compared to $86.5 million at September 30, 2010 was mainly attributed to one relationship that totaled $3.5 million. Early stage delinquencies at December 31, 2010 improved $14.4 million from September 30, 2010 to 1.5% of total loans. Repossessed assets, consisting primarily of transportation assets, have decreased by 17% from $36.9 million at December 31, 2009 to $30.6 million at December 31, 2010. "While ATA truck tonnage index reports showed softening during the last half of the year, industry indicators point towards a positive rebound in 2011," stated Mike Sapp, President and Chief Executive Officer of Tennessee Commerce Bancorp, Inc.

The loan loss provision of $3.8 million for the fourth quarter of 2010 was the lowest provision expense recorded since the $3.3 million provision expense for the fourth quarter of 2008. Net charge-offs for the fourth quarter of 2010 amounted to $4.0 million, compared to $5.8 million for the third quarter of 2010.   

Non-interest income for the quarter ended December 31, 2010 was a loss of approximately $493,000, compared to non-interest income of $1.3 million for the quarter ended September 30, 2010. The decrease in non-interest income was primarily attributable to decreased fees associated with leveraged leases.

Non-interest expenses decreased to $8.1 million or 2% for the fourth quarter of 2010 compared to $8.3 million for the linked third quarter.

"We are pleased to return to profitability and to see the rebound in our net interest margin. Although non-performing loans increased during the fourth quarter, this was driven by specific larger loans rather than a decrease of overall credit quality. Additionally, we remain focused on enhancing our capital position and reducing the level of credit risk," stated Mike Sapp. 

The efficiency ratio for the fourth quarter of 2010 was relatively flat at 62.1% compared to 61.0% for the linked third quarter.  The slight increase in the efficiency ratio was mainly attributed to the decrease in non-interest income during the fourth quarter when compared to the linked third quarter.

The bank continued to exceed the well capitalized regulatory guidelines at December 31, 2010, with total risk-based capital at 11.30%, Tier 1 capital at 10.05%, and Tier 1 leverage capital at 8.80%. The holding company's total risk based capital was 12.61%, Tier 1 capital was 11.30%, and Tier 1 leverage capital was 9.94%. Tangible common equity to tangible assets was 6.14% at December 31, 2010. 

Fourth Quarter Conference Call

Schedule this webcast into MS-Outlook calendar (click open when prompted): http://apps.shareholder.com/PNWOutlook/t.aspx?m=44678&k=BCE1B50D

 Toll-free:     (877) 312-8781

 International: (253) 237-1198

Tennessee Commerce will provide an online, real-time webcast and rebroadcast of its fourth quarter earnings conference call to be held at 11:00 a.m. Eastern on January 21, 2011. The live broadcast will be available online at http://www.tncommercebank.com under the Investor Relations tab. 

An audio replay of the conference call will be available approximately two hours after the call's completion on our website at http://www.tncommercebank.com under the Investor Relations tab or by dialing one of the following Dial-In Numbers and the Conference ID shown below:

Encore Dial in #: (800) 642-1687 Encore Dial In #: (706) 645-9291. The recording will be available from: 01/21/2011 13:00 to 01/28/2011 12:59 Conference ID number: 19630984

About Tennessee Commerce Bancorp, Inc.

Tennessee Commerce Bancorp, Inc. is the parent company of Tennessee Commerce Bank. The Bank provides a wide range of banking services and is primarily focused on business accounts. Its corporate and banking office is located in Franklin, Tennessee. Tennessee Commerce Bancorp's stock is listed on the NASDAQ Global Market under the symbol "TNCC."

Additional information concerning Tennessee Commerce can be accessed at www.tncommercebank.com .

Forward Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about transportation industry indicators and non-GAAP financial measures. Forward-looking statements can be identified by the use of the words "anticipate," "believe," "expect," "outlook," "estimate," "continue," "predict," "project",   "intend," "could" and "should," and other words of similar meaning. These forward-looking statements express management's current expectations or forecasts of future events and, by their nature, are subject to risks and uncertainties and there are a number of factors that could cause actual results to differ materially from those in such statements. Factors that might cause such a difference include, but are not limited to, our concentration of credit exposure to borrowers in the transportation industry, the potential disposition of collateral upon foreclosure with respect to our national market funding outside of the Nashville MSA, the effects of future economic, business and market conditions and changes, domestic and foreign, that may affect general economic conditions, governmental monetary and fiscal policies, negative developments in the financial services industry and U.S. and global credit markets, fluctuations in interest rates, changes in accounting policies, rules and practices,  other matters discussed in this press release and other factors identified in the Company's Annual Report on Form 10-K and other periodic filings with the Securities and Exchange Commission.

These forward-looking statements are made only as of the date of this press release, and Tennessee Commerce undertakes no obligation to release revisions to these forward-looking statements to reflect events or conditions after the date of this release. Tennessee Commerce is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.

 
TENNESSEE COMMERCE BANCORP, INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2010 (UNAUDITED) AND DECEMBER 31, 2009
 
  December 31, December 31,
(Dollars in thousands, except share data) 2010 2009 (1)
ASSETS    
Cash and due from banks  $ 6,521  $ 22,864
Federal funds sold  14,214  15,010
Cash and cash equivalents  20,735  37,874
     
Securities available for sale  127,650  93,668
     
Loans  1,229,811  1,171,301
Allowance for loan losses  (21,463)  (19,913)
Net loans  1,208,348  1,151,388
     
Premises and equipment, net  2,335  1,967
Accrued interest receivable  8,746  9,711
Restricted equity securities  2,459  2,169
Income tax receivable  324  68
Bank-owned life insurance  27,969  25,673
Other real estate owned  2,888  814
Repossessions  30,635  36,951
Other assets  20,983  23,149
Total assets  $ 1,453,072  $ 1,383,432
     
LIABILITIES AND SHAREHOLDERS EQUITY    
Liabilities    
Deposits    
Non-interest-bearing  $ 25,486  $ 30,111
Interest-bearing  1,273,565  1,212,431
Total deposits  1,299,051  1,242,542
     
Accrued interest payable  1,408  1,430
Accrued dividend payable  187  187
Short-term borrowings  --   14,000
Other liabilities  7,668  5,783
Long-term subordinated debt  25,421  23,198
Total liabilities  1,333,735  1,287,140
Shareholders equity    
Preferred stock, 1,000,000 shares authorized; 30,000 shares of $0.50 par value Fixed Rate Cumulative Perpetual, Series A issued and outstanding at December 31, 2010 and December 31, 2009  15,000  15,000
Common stock, $0.50 par value; 20,000,000 shares authorized at December 31, 2010 and at December 31, 2009; 12,194,884 and 5,646,368 shares issued and outstanding at December 31, 2010 and December 31, 2009, respectively  6,097  2,823
Common stock warrant  453  453
Additional paid-in capital  84,391  63,247
Retained earnings  18,000  16,056
Accumulated other comprehensive income (loss)   (4,604)  (1,287)
Total shareholders equity  119,337  96,292
     
Total liabilities and shareholders equity  $ 1,453,072  $ 1,383,432
     
(1) The balance sheet at December 31, 2009 has been derived from the audited consolidated financial statements at that date but does not include all of the information and notes required by generally accepted accounting principles for complete financial statements.
 
 
TENNESSEE COMMERCE BANCORP, INC.
CONSOLIDATED STATEMENTS OF INCOME
TWELVE MONTHS AND THREE MONTHS ENDED DECEMBER 31, 2010 AND 2009
(UNAUDITED)
         
  Twelve Months Ended Three Months Ended
  December 31, December 31,
(Dollars in thousands, except share data) 2010 2009 2010 2009
Interest income        
Loans, including fees  $ 77,920  $ 75,770  $ 19,818  $ 19,866
Securities  3,387  5,325  895  1,236
Federal funds sold  71  13  34  1
Total interest income  81,378  81,108  20,747  21,103
         
Interest expense        
Deposits  27,162  34,213  6,856  7,406
Other  1,711  1,979  311  496
Total interest expense  28,873  36,192  7,167  7,902
         
Net interest income  52,505  44,916  13,580  13,201
         
Provision for loan losses  20,011  31,039  3,768  4,150
         
Net interest income after provision for loan losses  32,494  13,877  9,812  9,051
         
Non-interest income        
Service charges on deposit accounts  122  157  32  25
Securities gains  887  1,118  153  248
Gain (loss) on sale of loans  917  (1,928)  442  (1,279)
(Loss) gain on repossession  (5,369)  (1,826)  (1,371)  (661)
Other  5,826  922  251  291
Total non-interest income (loss)   2,383  (1,557)  (493)  (1,376)
         
Non-interest expense        
Salaries and employee benefits  12,071  9,849  3,836  2,421
Occupancy and equipment  2,032  1,625  558  439
Data processing fees  2,030  1,549  501  401
FDIC expense  3,601  1,922  1,252  54
Professional fees  3,011  1,851  725  458
Other  6,920  4,509  1,254  1,195
Total non-interest expense  29,665  21,305  8,126  4,968
         
Income (loss) before income taxes  5,212  (8,985)  1,193  2,707
         
Income tax expense (benefit)   1,768  (3,407)  265  1,056
Net income (loss)  3,444  (5,578)  928  1,651
Preferred dividends  (1,500)  (1,546)  (375)  (375)
         
Net income (loss) available to common shareholders  $ 1,944  $ (7,124)  $ 553  $ 1,276
         
Earnings (loss) per share (EPS):        
Basic EPS  $ 0.24  $ (1.50)  $ 0.05  $ 0.27
Diluted EPS  0.24  (1.50)  0.05  0.27
         
Weighted average shares outstanding:        
Basic 8,212,929 4,738,638 12,194,884 4,752,753
Diluted 8,212,929 4,738,638 12,194,884 4,752,753
 
 
TENNESSEE COMMERCE BANCORP, INC.
LOAN DATA
           
(Dollars in thousands) 12/31/2010 9/30/2010 6/30/2010 3/31/2010 12/31/2009
LOAN BALANCES BY TYPE:          
Commercial and Industrial  $ 648,187  $ 671,013  $ 652,149  $ 651,382  $ 649,475
Consumer  3,692  3,547  3,636  3,581  3,476
Real Estate:          
Construction  115,882  118,376  131,187  135,416  142,109
1-4 Family  42,101  43,639  43,591  44,339  42,425
Other  307,406  290,383  268,743  268,119  259,220
Total Real Estate  465,389  452,398  443,521  447,874  443,754
Tax leases  112,543  114,711  97,753  83,334  74,596
Total  $ 1,229,811  $ 1,241,669  $ 1,197,059  $ 1,186,171  $ 1,171,301
           
ASSET QUALITY DATA:          
Total Assets  $ 1,453,072  $ 1,420,070  $ 1,389,528  $ 1,382,851  $ 1,383,432
Nonaccrual Loans  52,315  47,351  34,041  34,792  19,151
Troubled debt  1,705  94  99  124  111
Total Non-Performing Loans (1)  54,020  47,445  34,140  34,916  19,262
Loans 90+ Days Past Due  3,608  4,340  2,943  6,232  1,328
Repossessions  30,635  32,747  36,336  39,993  36,951
Other Real Estate Owned  2,888  1,975  795  480  814
Total Non-Performing Assets (2)  58,811  53,666  37,779  41,504  21,293
Total Non-Performing Assets (Adj) (3)  $ 91,151  $ 86,507  $ 74,214  $ 81,621  $ 58,355
           
Non-Performing Loans to Total Loans (1) 4.4% 3.8% 2.9% 2.9% 1.6%
Non-Performing Assets to Total Loans (2) 4.8% 4.3% 3.2% 3.5% 1.8%
Non-Performing Assets to Total Assets (2) 4.0% 3.8% 2.7% 3.0% 1.5%
Non-Performing Assets (Adj) to Total Assets (3) 6.3% 6.1% 5.3% 5.9% 4.2%
Allowance for Loan Losses to Non-Performing Loans 39.7% 45.8% 59.6% 57.6% 103.4%
Allowance for Loan Losses to Total Loans 1.7% 1.7% 1.7% 1.7% 1.7%
Loans 30+ Days Past Due to Total Loans 1.5% 2.7% 2.2% 4.5% 4.5%
 (loans not included in non-performing loans)          
Net Chargeoffs to Average Gross Loans  0.3% 0.5% 0.4% 0.4% 0.3%
           
           
NET CHARGE-OFFS FOR QUARTER   $ 4,047  $ 5,797  $ 4,214  $ 4,403  $ 3,927
           
Transportation & Other Equipment :          
Nonaccrual Loans (included above)   $ 11,701  $ 11,214  $ 24,297  $ 21,019  $ 11,596
Loans 90+ Days Past Due (included above)   3,118  3,364  1,388  5,868  1,328
Repossessions   20,651  22,478  26,176  29,299  24,980
 
(1) Non-Performing loans are comprised of Nonaccrual Loans and Troubled Debt
(2) Non Performing Assets are comprised of Nonaccruals, 90+ Days Past Due and ORE
(3) Non Performing Assets (Adjusted) are comprised of Nonaccruals, 90+ Days past Due, ORE and Repossessions (consolidated)
 
 
TENNESSEE COMMERCE BANCORP, INC.
FINANCIAL HIGHLIGHTS
(Dollars in thousands, except per share amounts)
           
  2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4
Total Assets   $ 1,453,072  $ 1,420,070  $ 1,389,528  $ 1,382,851  $ 1,383,432
Total Net Loans   1,208,348  1,219,927  1,176,713  1,166,061  1,151,388
Total Deposits   1,299,051  1,261,005  1,243,456  1,239,835  1,242,541
Reserves/ Loans (%) 1.75% 1.75% 1.70% 1.70% 1.70%
Shareholders' Equity   119,337  123,838  100,782  98,407  96,292
Tangible Equity   89,160  93,684  70,651  68,299  66,207
Net Interest Income   13,580  12,333  13,343  13,249  13,201
Operating Revenue   13,087  13,628  14,237  13,936  11,825
Net Income (Loss) Available to Common Shareholders  553  (1,474)  1,511  1,354  1,276
Diluted Earnings (Loss) Per Share  $ 0.05  $ (0.16)  $ 0.26  $ 0.24  $ 0.27
ROAA 0.15% -0.41% 0.44% 0.40% 0.38%
ROACE 2.39% -7.09% 8.69% 8.13% 7.94%
Net Interest Margin 3.93% 3.77% 4.25% 4.25% 4.18%
Total Equity/ Total Assets 8.21% 8.72% 7.25% 7.12% 6.96%
Total Capital Ratio - Bank 11.30% 11.06% 10.95% 10.72% 10.63%
Total Capital Ratio - Corporation 12.61% 12.42% 10.99% 10.82% 10.81%
Efficiency Ratio 62.09% 61.04% 47.14% 46.71% 42.01%
Pre-tax, Pre-Provision Income  4,586  4,934  7,151  7,052  6,482
Net Income  928  (1,099)  1,886  1,729  1,651
Net Income Available to Common Shareholders'  553  (1,474)  1,511  1,354  1,276
Average assets  1,408,299  1,411,351  1,376,347  1,371,526  1,307,205
Average Common Equity  91,952  82,466  69,450  67,073  63,265
           
PT,PP ROAA 0.33% 0.26% 0.26% 0.13% 0.50%
ROAA 0.04% -0.10% 0.11% 0.10% 0.10%
ROEE 0.60% -1.79% 2.18% 2.02% 2.02%
     
     
  3 months ended December 31, 3 months ended December 31,
ASSETS 2010 2009
  Average   Average Average   Average
(Dollars in thousands) Balance Interest Rate  Balance Interest Rate 
Interest Earning Assets            
Securities - taxable  $ 124,935  $ 895 2.82%  $ 98,979  $ 1,236 4.92%
Loans  1,218,748  19,818 6.45%  1,153,175  19,866 6.83%
Securities-tax exempt            
Fed funds sold  25,994  34 0.52%  1,565  1 0.25%
Interest-bearing accounts  1,369,677  20,747 6.01%  1,253,719  21,103 6.67%
             
Non-interest earning assets            
Cash and due from banks  10,162      7,108    
Net fixed assets and equipment  2,373      2,026    
Accrued interest and other assets  91,587      81,400    
Total assets  $ 1,473,799      $ 1,344,253    
             
             
LIABILITIES AND SHAREHOLDERS' EQUITY            
             
Interest Earning Liabilities            
Deposits (other than demand)  $ 1,253,292  $ 6,856 2.17%  $ 1,176,135  $ 7,406 2.50%
Fed funds purchased & FHLB Advances  17,782  11 0.25%  2,016  14 2.76%
Subordinated Debt  25,500  300 4.67%  33,198  482 5.76%
   1,296,574  7,167 2.19%  1,211,349  7,902 2.59%
Non-interest bearing liabilities            
Non-interest bearing demand deposits  26,782      25,903    
Other liabilities  28,325      13,662    
Shareholders' equity  122,118      93,339    
Total Liabilities and Shareholders' Equity  $ 1,473,799      $ 1,344,253    
             
Net Interest/Spread     3.82%     4.08%
             
Net Interest Margin     3.93%     4.18%
     
     
  12 months ended December 31, 12 months ended December 31,
ASSETS 2010 2009
  Average   Average Average   Average
(dollars in thousands) Balance Interest Rate  Balance Interest Rate 
Interest Earning Assets            
Securities - taxable  $ 92,320  $ 3,387 3.65%  $ 102,827  $ 5,325 5.14%
Loans  1,185,579  77,920 6.57%  1,115,993  75,770 6.79%
Securities-tax exempt            
Fed funds sold  19,417  71 0.37%  5,955  13 0.22%
Interest-bearing accounts  1,297,316  81,378 6.27%  1,224,775  81,108 6.62%
             
Non-interest earning assets            
Cash and due from banks  13,268      8,452    
Net fixed assets and equipment  2,235      2,160    
Accrued interest and other assets  95,480      71,818    
Total assets  $ 1,408,299      $ 1,307,205    
             
             
LIABILITIES AND SHAREHOLDERS' EQUITY            
             
Interest Earning Liabilities            
Deposits (other than demand)  $ 1,227,550  $ 27,162 2.21%  $ 1,133,387  $ 34,213 3.02%
Fed funds purchased & FHLB Advances  6,369  21 0.33%  14,467  89 0.62%
Subordinated Debt  31,580  1,690 5.35%  33,198  1,890 5.69%
   1,265,499  28,873 2.28%  1,181,052  36,192 3.06%
Non-interest bearing liabilities            
Non-interest bearing demand deposits  24,106      24,372    
Other liabilities  10,789      6,626    
Shareholders' equity  107,905      95,155    
Total Liabilities and Shareholders' Equity  $ 1,408,299      $ 1,307,205    
             
Net Interest Spread     3.99%     3.56%
             
Net Interest Margin     4.05%     3.66%

GAAP Reconciliation and Management Explanation for Non-GAAP Financial Measures

Certain financial information included in this press release was determined by methods other than in accordance with GAAP, as follows:

  • "Tangible common book value per share" is defined as total shareholders' equity, excluding preferred stock, net of discount, and common stock warrant, reduced by goodwill and other intangible assets, divided by total common shares outstanding. Management believes this measure is important to investors who are interested in changes from period to period in book value per share exclusive of changes in intangible assets.
  • "Tangible common equity to tangible assets" is defined as total shareholders' equity, excluding preferred stock, net of discount, and common stock warrant, reduced by goodwill and other intangible assets, divided by the difference of total assets less goodwill and other intangible assets. Management believes this measure is important to investors who are interested in evaluating the adequacy of our capital levels.
  • "Efficiency ratio" is defined as non-interest expense divided by the sum of net interest income and non-interest income. Management believes that this measure is important to investors who are interested in comparing the performance of our core business operations.
  • "Pre-tax, pre-provision income" is defined as income before income taxes reduced by provision for loan losses. Management believes that pre-tax, pre-provision income is important to investors as it shows income trends without giving effect to loan loss provision.

You should not view these disclosures as a substitute for results determined in accordance with GAAP, and they are not necessarily comparable to non-GAAP measures used by other companies. The following tables present a reconciliation to provide a more detailed analysis of these non-GAAP performance measures:

(Unaudited) 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4
(Dollars in thousands)          
Tangible Shareholders' Equity:          
Total shareholders' equity  119,337  123,838  100,782  98,407  96,292
Less: Goodwill  --   --   --   --   -- 
Preferred stock, net of discount  (29,724)  (29,701)  (29,678)  (29,655)  (29,632)
Warrant  (453)  (453)  (453)  (453)  (453)
Total tangible common equity  $ 89,160  $ 93,684  $ 70,651  $ 68,299  $ 66,207
           
Tangible common equity to tangible assets 6.14% 6.59% 5.08% 4.94% 4.76%
Total shares outstanding  12,194,884  12,194,884  5,646,368  5,648,384  5,646,338
Tangible common book value per share  $ 7.31  $ 7.68  $ 12.51  $ 12.09  $ 11.73
           
(Unaudited) 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4
(Dollars in thousands)          
Non-interest expense  $ 8,126  $ 8,319  $ 6,711  $ 6,509  $ 4,968
           
Net-interest income  13,580  12,333  13,343  13,249  13,201
Non-interest income  (493)  1,295  894  687  (1,376)
Net revenues  $ 13,087  $ 13,628  $ 14,237  $ 13,936  $ 11,825
           
Efficiency Ratio 62.09% 61.04% 47.14% 46.71% 42.01%
           
(Unaudited) 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4
(Dollars in thousands)          
Income (loss)   $ 553  $ (1,474)  $ 1,511  $ 1,354  $ 1,276
Provision for loan loss  3,768  7,193  4,450  4,600  4,150
Income tax expense (benefit)   265  (785)  1,190  1,098  1,056
Pre-tax, pre-provision income  $ 4,586  $ 4,934  $ 7,151  $ 7,052  $ 6,482
CONTACT: Frank Perez
         Chief Financial Officer
         615-599-2274

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 2.44%
$30K home equity loan FICO 5.78%
$75K home equity loan FICO 4.54%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.57%
13.57%
Cash Back Cards 17.91%
17.91%
Rewards Cards 17.15%
17.15%
Source: Bankrate.com