2024 Overview
General Bank Information
Rondout Savings Bank is an FDIC insured institution located in Kingston, NY. It was founded in 1868 and has approximately $0.56 billion in assets. Customers can open an account at one of its 5 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 15969 |
| Date Established | 1868 |
| Assets | $ 564.13 million |
| Loans | $ 442.24 million |
| Deposits | $ 467.26 million |
| Capital | $ 39.38 million |
For a more detailed analysis of Rondout Savings Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Rondout Savings Bank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 401822 |
6.806% |
6.625% 0.88 points $6,000 fees |
$2,049 | Learn More |
NMLS ID: 447490 |
6.817% |
6.750% 0.63 points $2,189 fees |
$2,076 | Learn More |
NMLS ID: 2059741 |
6.905% |
6.750% 1.00 points $5,094 fees |
$2,076 | Learn More |
NMLS ID: 3030 |
7.451% |
7.375% 0.75 points $2,400 fees |
$2,211 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Rondout Savings Bank
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Branches
Rondout Savings Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
Rondout Savings Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Rondout Savings Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Rondout Savings Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Rondout Savings Bank | U.S. Bank Average |
|---|---|
| 1.62% | 3.96% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of December 31, 2024, Rondout Savings Bank had $711,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $39,380,000 in equity and $4,441,000 in loans loss reserves. That gives it a Texas Ratio of 1.62%.
Return on Equity
| Rondout Savings Bank | U.S. Bank Average |
|---|---|
| 1.31% | 12.20% |
Rondout Savings Bank has a Return on Equity of 1.31% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Rondout Savings Bank | U.S. Bank Average |
|---|---|
| 6.98% | 10.76% |
Rondout Savings Bank has a Capitalization of 6.98% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Rondout Savings Bank Balance Sheet Analysis
As of December 31, 2023, Rondout Savings Bank had assets of $564,130,000, loans of $442,240,000, and deposits of $467,263,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 30.51 million |
| Interest-bearing balances | $ 25.75 million |
| Total securities | $ 66.79 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 442.24 million |
| Loan loss allowance | $ 4.44 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 1.35 million |
| All other assets | $ 12.80 million |
| Total Assets | $ 524.75 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 467.26 million |
| Interest-bearing deposits | $ 393.45 million |
| Deposits held in domestic offices | $ 467.26 million |
| % insured (estimated) | 72.46% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 9.00 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 4.05 million |
| Total Liabilities | $ 524.75 million |
| Shareholders’ Equity | $ 39.38 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 22.06 million |
| Total Interest Expense | $ 9.34 million |
| Net interest income | $ 12.72 million |
| Provision for loan and lease losses | $ 0.25 million |
| Total non interest income | $ 1.88 million |
| Total non interest expense | $ 13.86 million |
| Pre-tax Net Operating Income | $ 1.08 million |
Bank Loan Profile?
The top three loan types in Rondout Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.
Compared to other banks, Rondout Savings Bank’s loan portfolio does not show any specific loan specialty.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 52.23 | ✓ | ||
| Multifamily Mortgages |
3.22 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.01 | ✓ | ||
| Small Business Loans | 7.41 | ✓ | ||
| Construction and Development Loans | 5.18 | ✓ | ||
| Commercial Real Estate | 15.42 | ✓ | ||
| Commercial and Industrial Loans | 6.37 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Customer Reviews for Rondout Savings Bank
pessy
May 22, 2023 |
The Bank Rondout Savings Bank is SCAM and bad company
This is horrible bank , the loans insisted that I must come in the office before they will review my application for loan. But Everything is done online nowadays and I don't have to be there in person, I have provided all my documents and social security, what they should do is to run my credit rather than telling me to spend 250 for transportation to travel to upstate. The personal loan officer there is not a good person. People should stay away from this bank they are scammers and unprofessional. They lie to me. They are corny and deceitful. The personal loan officer insisted that I must when I came to the office for nothing, the following day he denied me the loans he is not a good person to do me that after I have spent money and time to travel there. The worst horrible bank ever. THE PERSONAL LOAN OFFICER THERE IS A WICKED MAN. THE BANK SHOULD REMOVE THAT MAN IMMEDIATELY. HORRIBLE , THE WORST BANK ON EARTH
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enemeth
March 6, 2020 |
I found that employees were not consistent and gave me the run around on multiple occasions. I had been a customer for 32 years and they did not hesitate when I asked to close all of my accounts and remove over $20,000.00. They do not seem to care about their loyal customers and have terrible customer service. Anything other than a simple deposit seemed to turn into an ordeal and always had to make trips into the bank. If you are enrolled in electronic banking they did not allow for transfer of money between checking and savings accounts without going into the bank. It seemed as though things went downhill there over the last few years and I look forward to easier banking elsewhere.
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