updated 4/19/2011 5:47:15 PM ET 2011-04-19T21:47:15

DEARBORN, Mich., April 19, 2011 (GLOBE NEWSWIRE) -- Dearborn Bancorp, Inc. (Nasdaq:DEAR), the Holding Company for Fidelity Bank ("Bank"), today reported a net income of $154,000 or $0.02 per fully diluted common share for the three months ended March 31, 2011 compared to a net income of $1,128,000 or $0.15 per share for the three months ended March 31, 2010. The Company's Shareholders' Equity of $26,994,000 equates to a tangible book value of $3.51 per share compared to the market closing price of $1.42 on March 31, 2011. In accordance with regulatory capital guidelines, the Bank remains "undercapitalized" at March 31, 2011.

At March 31, 2011 the Company's total assets were $896,994,000 compared to $970,669,000 at March 31, 2010. Total loans were intentionally reduced from $813,961,000 to $718,187,000. Total deposits declined from $852,017,000 to $794,153,000. Cash and cash equivalents increased from $79,002,000 to $103,310,000, and securities available for sale increased from $46,267,000 to $53,117,000. During the last year, the Company has continued to focus on strategically reducing loan balances to conserve capital while increasing the liquidity of the balance sheet.

Michael J. Ross, President and Chief Executive Officer of both the Company and the Bank, announced the financial results and commented, "The Bank continues to generate solid core earnings. First quarter 2011 earnings were $154,000 net after expenses of $1,395,000 in loan loss provision, $326,000 in write-downs of other real estate owned, $1,180,000 in defaulted loan expense and $950,000 in FDIC insurance premiums. Net charge-offs for the first quarter of 2011 declined to $1,395,000 compared to $4,937,000 for the first quarter for 2010. Non-performing loans remain unacceptably high at $120,688,000. Included in this category are $42,205,000 of restructured troubled debt loans which are current according to their restructured terms."

Mr. Ross continued, "The net interest margin grew to 3.96% for the quarter ended March 31, 2011 compared to 3.47% a year ago, primarily as a result of improved deposit pricing. Additionally, management continues to maintain tight control over operating expenses in the areas of wages, occupancy, marketing, stationery and supplies, data processing as well as certain discretionary expenses.

Ross concluded, "We are beginning to see the results of declining Michigan unemployment which is now at 10.7% at March 31, 2011 down from 14.6% as of December 31, 2009. While we are showing some positive signs in 2011, the determining factor as to whether the Company can be solidly profitable in future quarters remains dependent upon the appraised value of collateral and level of charge-offs and write-downs. Thus, our primary concerns for 2011 are the recovery of the Michigan economy, credit quality, and the stability or improvement of the underlying collateral values in our loan portfolio."

Dearborn Bancorp, Inc. is a registered bank holding company. Its sole banking subsidiary is Fidelity Bank.  The Bank operates 16 offices in Wayne, Oakland, Macomb and Washtenaw Counties in the State of Michigan. Its common shares trade on the Nasdaq Global Market under the symbol DEAR.

Forward-Looking Statements

This press release contains forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations. Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "is likely," "plans," "projects," variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions ("Future Factors") that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. Actual results and outcomes may materially differ from what is expressed in forward-looking statements. Dearborn Bancorp undertakes no obligation to update, amend or clarify forward-looking statements, whether as a result of new information, future events (whether anticipated or unanticipated), or otherwise.

Future Factors include changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulation; changes in tax laws; changes in prices, levies and assessments; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies, trends in customer behavior as well as their ability to repay loans; actions by bank regulators; availability of capital; changes in local real estate values; changes in the national and local economy; and other factors, including risk factors disclosed from time to time in filings made by Dearborn Bancorp with the Securities and Exchange Commission. These are representative of the Future Factors and could cause a difference between an ultimate actual outcome and a preceding forward-looking statement.

       
DEARBORN BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS
       
(Dollars, in thousands)      
  Unaudited   Unaudited
  3/31/2011 12/31/2010 3/31/2010
ASSETS      
Cash and cash equivalents      
 Cash and due from banks $7,454 $6,645 $8,047
 Federal funds sold 55 55 57
 Interest bearing deposits with banks 95,801 87,075 70,898
 Total cash and cash equivalents 103,310 93,775 79,002
       
Mortgage loans held for sale  749 353 758
Securities available for sale  53,117 54,811 46,267
Federal Home Loan Bank stock 3,605 3,605 3,698
Loans       
 Loans 718,187 735,851 813,961
 Allowance for loan losses (27,971) (27,971) (30,288)
 Net loans 690,216 707,880 783,673
       
Premises and equipment, net 18,969 19,195 19,973
Real estate owned 22,120 21,502 24,467
Accrued interest receivable 3,310 3,286 3,595
Other assets 1,598 11,277 9,266
       
 Total assets $896,994 $915,684 $970,699
       
LIABILITIES      
Deposits      
 Non-interest bearing deposits $95,076 $88,266 $86,407
 Interest bearing deposits 699,077 723,835 765,610
 Total deposits 794,153 812,101 852,017
       
Other liabilities      
 Federal Home Loan Bank advances 63,668 63,716 63,799
 Accrued interest payable 1,079 1,056 956
 Other liabilities 1,100 1,852 747
 Subordinated debentures 10,000 10,000 10,000
 Total liabilities 870,000 888,725 927,519
       
STOCKHOLDERS' EQUITY      
 Common stock - no par value 100,000,000 shares 

 authorized, 7,685,706 shares at 3/31/11, 7,685,706

 shares at 12/31/10 and 7,687,470 shares at 3/31/10
132,163 132,083 131,960
 Retained earnings  (103,944) (104,099) (88,721)
 Accumulated other comprehensive loss (1,225) (1,025) (59)
 Total stockholders' equity 26,994 26,959 43,180
       
 Total liabilities and stockholders' equity $896,994 $915,684 $970,699
     
DEARBORN BANCORP, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
     
(In thousands, except share data) Three Months Ended Three Months Ended
  3/31/2011 3/31/2010
Interest income    
 Interest on loans $10,369 $11,778
 Interest on securities, available for sale 442 168
 Interest on deposits with banks 136 37
 Interest on federal funds  1 1
 Total interest income 10,948 11,984
     
Interest expense    
 Interest on deposits 2,119 3,543
 Interest on other liabilities 260 386
 Total interest expense 2,379 3,929
     
 Net interest income 8,569 8,055
Provision for loan losses 1,395 100
     
Net interest income after provision for loan losses 7,174 7,955
     
Non-interest income    
 Service charges on deposit accounts 318 343
 Fees for other services to customers 35 36
 Gain on the sale of loans 22 58
 Gain on the sale of securities --- 69
 Loss on the sale of real estate owned (76) (11)
 Loss on the write-down of real estate owned (326) (656)
 Other income 102 102
 Total non-interest income (loss) 75 (59)
     
Non-interest expense    
 Salaries and employee benefits 3,190 3,119
 Occupancy and equipment expense 782 854
 FDIC assessment 950 950
 Advertising and marketing 33 27
 Stationery and supplies 79 72
 Professional services 213 166
 Data processing 194 186
 Defaulted loan expense 1,180 1,035
 Other operating expenses 474 359
 Total non-interest expense 7,095 6,768
     
Income before federal income tax expense 154 1,128
Income tax expense 0 0
     
Net income $154 $1,128
     
Per share data:    
Net income - basic  0.02 0.15
Net income - diluted 0.02 0.15
     
Weighted average number of shares outstanding - basic 7,645,940 7,645,940
Weighted average number of shares outstanding - diluted 7,645,940 7,645,940
           
DEARBORN BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED FINANCIAL DATA
           
(Dollars in thousands, except share and per share data) Quarter ended
  3/31/2011 12/31/2010 9/30/2010 6/30/2010 3/31/2010
           
EARNINGS SUMMARY          
Net interest income $8,569 $8,818 $8,750 $8,456 $8,055
Provision for loan loss $1,395 $3,575 $500 $11,803 $100
Total non-interest income $75 ($888) $18 ($3,077) ($59)
Total non-interest expense $7,095 $7,022 $7,537 $7,205 $6,768
Income taxes (benefit) $0 ($288) $100 $0 $0
Net income (loss) $154 ($2,379) $631 ($13,629) $1,128
Basic earnings per share $0.02 ($0.31) $0.08 ($1.78) $0.15
Diluted earnings per share $0.02 ($0.31) $0.08 ($1.78) $0.15
           
MARKET DATA          
Book value per share $3.51 $3.51 $3.92 $3.90 $5.62
Tangible book value per share $3.51 $3.51 $3.92 $3.90 $5.62
Market value per share $1.42 $1.65 $1.79 $1.87 $1.11
Average basic common shares 7,645,940 7,645,940 7,645,940 7,645,940 7,645,940
Average diluted common shares 7,645,940 7,645,940 7,645,940 7,645,940 7,645,940
Period end common shares 7,685,706 7,685,705 7,685,705 7,685,705 7,687,470
           
PERFORMANCE RATIOS          
Return on average assets 0.07% -1.02% 0.27% -5.67% 0.44%
Return on average equity 2.21% -29.72% 7.92% -123.92% 10.50%
Net interest margin (FTE) 3.96% 3.93% 3.89% 3.68% 3.47%
Efficiency ratio 78.43% 74.47% 77.18% 79.80% 78.13%
           
ASSET QUALITY          
Net charge-offs (YTD) $1,395 $23,132 $17,697 $15,454 $4,937
Nonperforming loans $120,688 $115,090 $112,000 $113,676 $114,027
Other real estate  $22,120 $21,502 $25,043 $23,976 $24,467
Nonperforming loans to total loans 16.80% 15.64% 14.72% 14.52% 14.01%
Nonperforming assets to total assets 15.92% 14.92% 14.95% 14.75% 14.27%
Allowance for loan loss to total loans 3.89% 3.80% 3.92% 4.03% 3.72%
           
CAPITAL & LIQUIDITY          
Average equity to average assets 3.12% 3.42% 3.41% 4.58% 4.17%
Tier 1 capital to risk weighted assets 5.20% 4.91% 4.96% 4.63% 6.25%
Total capital to risk weighted assets 6.49% 6.19% 6.24% 6.07% 7.50%
Loan to deposit ratio 90.43% 90.61% 93.98% 94.61% 95.53%
Loan to funding ratio 83.72% 84.02% 87.12% 87.84% 88.88%
           
END OF PERIOD BALANCES          
Total portfolio loans $718,187 $735,851 $760,683 $783,032 $813,961
Earning assets $871,514 $881,750 $881,847 $901,519 $935,639
Total assets $896,994 $915,684 $916,731 $933,113 $970,699
Deposits $794,153 $812,101 $809,418 $827,664 $852,017
Total shareholders' equity $26,994 $26,959 $30,154 $29,963 $43,180
           
AVERAGE BALANCES          
Total portfolio loans $729,132 $750,443 $772,662 $801,464 $826,188
Earning assets $880,384 $893,065 $892,406 $926,477 $941,959
Total assets $907,609 $928,838 $926,017 $963,919 $1,045,938
Deposits $802,646 $820,714 $818,691 $844,001 $854,071
Total shareholders' equity $28,278 $31,761 $31,593 $44,114 $43,567
 
DEARBORN BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS
           
(Dollars, in thousands)          
  Quarter Ended
  3/31/11 12/31/10 9/30/10 6/30/10 3/31/10
ASSETS          
Cash and cash equivalents          
 Cash and due from banks $7,454 $6,645 $7,136 $7,088 $8,047
 Federal funds sold 55 55 56 57 57
 Interest bearing deposits with banks 95,801 87,075 70,216 67,056 70,898
 Total cash and cash equivalents 103,310 93,775 77,408 74,201 79,002
           
Mortgage loans held for sale  749 353 572 1,169 758
Securities 53,117 54,811 46,622 46,507 46,267
Federal Home Loan Bank stock 3,605 3,605 3,698 3,698 3,698
Loans           
 Loans 718,187 735,851 760,683 783,032 813,961
 Allowance for loan loss (27,971) (27,971) (29,831) (31,574) (30,288)
 Net loans 690,216 707,880 730,852 751,458 783,673
           
Bank premises and equipment, net 18,969 19,195 19,415 19,724 19,973
Other real estate 22,120 21,502 25,043 23,976 24,467
Other intangible assets --- --- --- --- ---
Accrued interest receivable 3,310 3,286 3,301 3,181 3,595
Other assets 1,598 11,277 9,820 9,199 9,266
           
 Total assets $896,994 $915,684 $916,731 $933,113 $970,699
           
LIABILITIES          
Deposits          
 Non-interest bearing deposits $95,076 $88,266 $87,205 $91,447 $86,407
 Interest bearing deposits 699,077 723,835 722,213 736,217 765,610
 Total deposits 794,153 812,101 809,418 827,664 852,017
           
Other liabilities          
 Federal Home Loan Bank advances 63,668 63,716 63,716 63,799 63,799
 Other liabilities 1,100 1,692 972 942 956
 Accrued interest payable 1,079 1,216 2,471 745 747
 Subordinated debentures 10,000 10,000 10,000 10,000 10,000
 Total liabilities 870,000 888,725 886,577 903,150 927,519
           
 Total stockholders' equity 26,994 26,959 30,154 29,963 43,180
           
 Total liabilities and stockholders' equity $896,994 $915,684 $916,731 $933,113 $970,699
           
DEARBORN BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENT OF OPERATIONS
           
(Dollars, in thousands) Quarter ended
  3/31/2011 12/31/2010 9/30/2010 6/30/2010 3/31/2010
           
INTEREST INCOME          
Interest on loans, including fees $10,369 $11,026 $11,328 $11,536 $11,778
Interest on other earning assets 579 487 391 221 206
 Total interest income 10,948 11,513 11,719 11,757 11,984
           
INTEREST EXPENSE          
Interest on deposits 2,119 2,381 2,578 2,925 3,543
Interest on other liabilities 260 314 391 376 386
 Total interest expense 2,379 2,695 2,969 3,301 3,929
           
 Net interest income 8,569 8,818 8,750 8,456 8,055
Provision for loan loss 1,395 3,575 500 11,803 100
           
 Net interest income (loss) after provision for loan loss 7,174 5,243 8,250 (3,347) 7,955
           
NON-INTEREST INCOME          
Deposit service charges 353 388 401 429 379
Gain on the sale of loans 22 101 54 66 58
Loss on the sale or write-down of real estate (402) (1,499) (998) (3,650) (667)
Other 102 122 561 78 171
 Total non-interest income (loss) 75 (888) 18 (3,077) (59)
           
NON-INTEREST EXPENSE          
Salaries and employee benefits 3,190 3,189 3,050 3,078 3,119
Occupancy and equipment expense 782 767 857 777 854
Other expense 3,123 3,066 3,630 3,350 2,795
 Total non-interest expense 7,095 7,022 7,537 7,205 6,768
           
Income (loss) before income tax provision 154 (2,667) 731 (13,629) 1,128
Income tax provision (benefit) 0 (288) 100 0 0
           
Net income (loss) $154 ($2,379) $631 ($13,629) $1,128
 
DEARBORN BANCORP, INC. AND SUBSIDIARY
DEPOSIT INFORMATION
(In thousands)    
  March 31
Category 2011 2010
     
Non-interest bearing    
 Demand $95,075 $86,407
     
Interest bearing    
 Interest Checking $71,853 $79,566
 Money market 56,274 57,864
 Savings 43,101 44,992
 Time, under $100,000 277,615 296,370
 Time, $100,000 and over 250,235 286,818
  699,078 765,610
     
  $794,153 $852,017
 
DEARBORN BANCORP, INC. AND SUBSIDIARY
ASSET QUALITY DATA
 (Dollars, in thousands)  
  3/31/2011 12/31/2010 9/30/2010 6/30/2010 3/31/2010
           
Troubled debt restructuring $48,499 $48,527 $39,714 $38,530 $31,737
Loans over 90 days past due          
 and still accruing 236 --- --- --- 1,127
Non-accrual loans 71,953 66,563 72,286 75,146 81,163
Total non-performing loans 120,688 115,090 112,000 113,676 114,027
Other real estate and          
 other repossessed assets 22,120 21,502 25,043 23,976 24,467
Total non-performing assets $142,808 $136,592 $137,043 $137,652 $138,494
           
Net charge-offs (year to date) $1,395 $23,132 $17,697 $15,454 $4,937
Allowance for loan losses 27,971 27,971 29,831 31,574 30,288
   
ASSET QUALITY RATIOS
   
  3/31/2011 12/31/2010 9/30/2010 6/30/2010 3/31/2010
           
Non-accrual loans to total loans 10.02% 9.05% 9.50% 9.60% 9.97%
Non-performing loans to total loans 16.80% 15.64% 14.72% 14.52% 14.01%
Non-performing assets to total assets 15.92% 14.92% 14.95% 14.75% 14.27%
Loans over 90 days past due          
 and still accruing to total loans 0.03% ---% ---% ---% 0.14%
Net charge-offs to average loans 0.19% 2.94% 2.21% 1.90% 0.60%
Allowance for loan losses          
 to non-performing loans 23.18% 24.30% 26.63% 27.78% 26.56%
Allowance for loan losses          
 to non-performing assets 19.59% 20.48% 21.77% 22.94% 21.87%
Allowance for loan losses          
 to total loans 3.89% 3.80% 3.92% 4.03% 3.72%
                   
Dearborn Bancorp, Inc.
Loan Information at March 31, 2011
                   
(In thousands)   Loan Detail Other Related Data
   

Accruing Loans
 

   
 







3/31/11








Current








TDR






30 to 89 past due






90+ days past due






Non-Accrual




Allowance

For Loan Losses




Year to Date

Net Charge-Offs


Other Real

Estate Owned
                   
Consumer Loans $25,477 $23,056 $0 $242 $0 $2,179 $1,258 ($8) $114
Commercial Loans 106,859 86,091 5,071 2,080 0 13,617 5,943 125 3,310
Land Development - Residential 23,849 10,979 1,980 0 0 10,890 2,309 68 7,791
Land Development - Non Residential 9,596 3,422 4,000 231 0 1,943 1,813 0 1,760
Commercial Construction Loans - Residential 9,835 71 2,462 0 0 7,302 2,015 268 1,405
Commercial Construction Loans - Non Residential 13,222 1,420 11,544 0 0 258 2,179 58 1,314
Commercial Mortgage Loans 491,819 424,535 23,442 8,804 236 34,802 12,307 785 5,886
Residential Mortgage Loans 37,530 36,180 0 388 0 962 147 99 540
                   
 Totals $718,187 $585,754 $48,499 $11,745 $236 $71,953 $27,971 $1,395 $22,120
                   
                   
Loan Information at December 31, 2010
                   
(In thousands)   Loan Detail Other Related Data
   

Accruing Loans
       
 







12/31/10








Current








TDR






30 to 89 past due






90+ days past due






Non-Accrual




Allowance

For Loan Losses




Year to Date

Net Charge-Offs


Other Real

Estate Owned
                   
Consumer Loans $25,871 $24,123 $0 $215 $0 $1,533 $1,115 $816 $114
Commercial Loans 121,015 100,252 5,600 1,475 0 13,688 6,571 6,055 3,125
Land Development - Residential 21,975 7,995 2,076 0 0 11,904 1,757 10,003 6,829
Land Development - Non Residential 9,970 4,236 0 4,000 0 1,734 972 300 1,786
Commercial Construction Loans - Residential 10,613 388 2,462 0 0 7,763 2,467 1,886 1,405
Commercial Construction Loans - Non Residential 12,568 706 11,545 0 0 317 2,674 36 1,314
Commercial Mortgage Loans 495,501 427,587 26,844 12,612 0 28,458 12,102 3,833 6,383
Residential Mortgage Loans 38,338 37,172 0 0 0 1,166 313 203 546
                   
 Totals $735,851 $602,459 $48,527 $18,302 $0 $66,563 $27,971 $23,132 $21,502
                   
                   
Loan Information at September 30, 2010
                   
(In thousands)   Loan Detail Other Related Data
   

Accruing Loans
 

   
 





9/30/10






Current






TDR




30 to 89 past due




90+ days past due




Non-Accrual


Allowance

For Loan Losses


Year to Date Net Charge-Offs
Other Real

Estate Owned
                   
Consumer Loans $27,391 $25,476 $0 $1,015 $0 $900 $586 $588 $114
Commercial Loans 126,573 104,470 5,780 2,728 0 13,595 7,937 3,643 2,695
Land Development - Residential 26,668 9,091 1,980 0 0 15,597 3,668 7,496 6,917
Land Development - Non Residential 9,374 8,056 0 0 0 1,318 863 300 1,786
Commercial Construction Loans - Residential 11,407 336 2,450 0 0 8,621 2,691 1,739 1,290
Commercial Construction Loans - Non Residential 17,370 14,170 3,200 0 0 0 1,985 36 1,948
Commercial Mortgage Loans 501,059 433,191 26,304 11,936 0 29,628 11,806 3,736 9,677
Residential Mortgage Loans 40,841 37,878 0 336 0 2,627 295 159 616
                   
 Totals $760,683 $632,668 $39,714 $16,015 $0 $72,286 $29,831 $17,697 $25,043
                   
                   
Loan Information at June 30, 2010
                   
(In thousands)   Loan Detail Other Related Data
   

Accruing Loans
 

   
 





6/30/10






Current






TDR




30 to 89 past due




90+ days past due




Non-Accrual


Allowance

For Loan Losses


Year to Date Net Charge-Offs
Other Real

Estate Owned
                   
Consumer Loans $28,017 $26,782 $0 $184 $0 $1,051 $1,176 $386 $114
Commercial Loans 134,199 108,465 6,916 4,684 0 14,134 5,037 2,664 2,012
Land Development - Residential 29,233 9,506 1,980 746 0 17,001 2,437 7,171 6,034
Land Development - Non Residential 9,427 8,108 0 0 0 1,319 1,815 300 1,786
Commercial Construction Loans - Residential 11,060 687 2,160 0 0 8,213 2,516 1,711 1,525
Commercial Construction Loans - Non Residential 17,935 14,402 3,200 0 0 333 4,413 36 2,869
Commercial Mortgage Loans 511,265 441,566 24,274 14,895 0 30,530 13,833 3,005 8,786
Residential Mortgage Loans 41,896 39,248 0 83 0 2,565 347 181 850
                   
 Totals $783,032 $648,764 $38,530 $20,592 $0 $75,146 $31,574 $15,454 $23,976
                   
                   
Loan Information at March 31, 2010
                   
(In thousands)   Loan Detail Other Related Data
   

Accruing Loans
 

   
 





3/31/10






Current






TDR




30 to 89 past due




90+ days past due




Non-Accrual


Allowance

For Loan Losses


Year to Date Net Charge-Offs
Other Real

Estate Owned
                   
Consumer Loans $28,623 $27,578 $0 $121 $0 $924 $1,041 $319 $127
Commercial Loans 141,338 113,803 7,412 7,374 0 12,749 3,663 1,506 2,441
Land Development - Residential 36,089 10,701 1,628 500 0 23,260 3,883 1,283 8,286
Land Development - Non Residential 9,711 7,026 0 0 1,127 1,558 1,055 229 1,802
Commercial Construction Loans - Residential 12,164 687 1,904 0 0 9,573 2,534 905 1,636
Commercial Construction Loans - Non Residential 20,813 17,943 0 0 0 2,870 4,246 36 0
Commercial Mortgage Loans 521,701 464,202 20,793 8,843 0 27,863 13,354 550 9,458
Residential Mortgage Loans 43,522 40,388 0 768 0 2,366 512 109 718
                   
 Totals $813,961 $682,328 $31,737 $17,606 $1,127 $81,163 $30,288 $4,937 $24,468
CONTACT: Michael J. Ross, President & CEO, at (313) 565-5700 or
         Jeffrey L. Karafa, CFO, at (313) 381-3200

© 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 5.10%
$30K home equity loan FICO 5.20%
$75K home equity loan FICO 4.65%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.36%
13.34%
Cash Back Cards 17.87%
17.82%
Rewards Cards 17.11%
17.07%
Source: Bankrate.com