Equity Bancshares, Inc., incorporated on August 23, 2002, is a bank holding company. The Company's principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of over 30 branches located in Kansas and Missouri. The Company's operations involve the delivery of loan and deposit products to its customers. The Company offers commercial banking products and other services, including lending activities, deposit products, and other products and services. It offers a suite of online banking solutions, including access to account balances, online transfers, online bill payment, and electronic delivery of customer statements and mobile banking solutions. In addition, the Company offers commercial treasury management services, wire transfer, automated clearing house (ACH) services and cash management deposit products.
Lending Activities
The Company offers a range of loans, including commercial and industrial, commercial real estate-backed loans (including loans secured by owner occupied commercial properties), commercial lines of credit, working capital loans, term loans, equipment financing, acquisition, expansion and development loans, borrowing base loans, real estate construction loans, homebuilder loans, agricultural, government guaranteed loans, letters of credit and other loan products to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies and other businesses. It also offers various consumer loans to individuals and professionals, including residential real estate loans, home equity loans, home equity lines of credit (HELOCs), installment loans, unsecured and secured personal lines of credit, overdraft protection and letters of credit. As of December 31, 2016, the Company's total loans (net of allowances) were $1.38 billion.
Investment Activities
The Company's investment activities include securities available-for-sale and held-to-maturity. The Company's securities available-for-sale include the United States Government-sponsored entities, residential mortgage-backed securities (issued by government-sponsored entities), corporate, small business administration loan pools, state and political subdivisions, and equity securities. As of December 31, 2016, the total securities available-for-sale were $95.73 million. The Company's securities held-to-maturity include the United States government-sponsored entities, residential mortgage-backed securities (issued by government-sponsored entities), corporate, small business administration loan pools, and state and political subdivisions. As of December 31, 2016, the total securities held-to-maturity were $465.7 million.
Sources of Funds
The Company's lending and investing activities are primarily funded by deposits. It offers a range of deposit accounts with a range of interest rates and terms, including demand, savings, money market and time deposits to its customers, including small to medium-sized businesses. As of December 31, 2016, the Company's total deposits were $1.6 billion.
7701 E Kellogg Dr Ste 200
The company trades on NASDAQ exchange. The company headquarter is located in Kansas, KS. The company was established in the 2002.| Ticker | EQBK |
| Long Name | Equity Bancshares, Inc. |
| Short Name | Equity Bancshares |