22nd State Bank

Headquarters

1920 Main Street
Louisville, AL 36048
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.66% →
1-Year CD 0.85% 0.67% →
2-Year CD 0.85% 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

22nd State Bank is an FDIC insured institution located in Louisville, AL. It was founded in 1917 and has approximately $0.21 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 16910
Date Established 1917
Assets $ 213.97 million
Loans $ 126.06 million
Deposits $ 174.72 million
Capital $ 23.42 million
 

For a more detailed analysis of 22nd State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 14, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.35% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.85% $10,000 $14,999 Learn More
12 Mo CD
0.85% $100,000 $199,999 Learn More
18 Mo CD
0.85% $10,000 $14,999 Learn More
18 Mo CD
0.85% $100,000 $199,999 Learn More
24 Mo CD
0.85% $10,000 $14,999 Learn More
24 Mo CD
0.85% $100,000 $199,999 Learn More
36 Mo CD
0.85% $10,000 $14,999 Learn More
36 Mo CD
0.85% $100,000 $199,999 Learn More
48 Mo CD
0.85% $10,000 $14,999 Learn More
48 Mo CD
0.85% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - April 14, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for 22nd State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.698% 2.625% 1.00 $2,370 $1,005 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to 22nd State Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

22nd State 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:
Fairfield,Connecticut


22nd State Bank Locations


Financial Details

22nd State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of 22nd State 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
22nd State Bank U.S. Bank Average
17.48% 5.49%

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, 2020, 22nd State Bank had $4,192,000 in non-current loans and $245,000 in owned real estate. To cover these potential losses it had $23,423,000 in equity and $1,962,000 in loans loss reserves. That gives it a Texas Ratio of 17.48%.

Return on Equity
22nd State Bank U.S. Bank Average
-8.1% 9.24%

22nd State Bank has a Return on Equity of -8.1% versus the BestCashCow average of 9.24%. 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
22nd State Bank U.S. Bank Average
10.95% 11.96%

22nd State Bank has a Capitalization of 10.95% versus the BestCashCow average of 11.96. 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.

22nd State Bank Balance Sheet Analysis

As of December 31, 2020, 22nd State Bank had assets of $213,967,000, loans of $126,061,000, and deposits of $174,722,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 51.98 million
Interest-bearing balances $ 48.93 million
Total securities $ 18.61 million
Federal funds sold and reverse repurchase $ 4.31 million
Net loans and leases $ 126.06 million
Loan loss allowance $ 1.96 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.25 million
Goodwill and other intangibles $ 2.85 million
All other assets $ 4.95 million
     Total Assets $ 190.54 million
LIABILITIES
Total deposits $ 174.72 million
      Interest-bearing deposits $ 120.70 million
      Deposits held in domestic offices $ 174.72 million
      % insured (estimated) 85.61%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 12.67 million
Subordinated debt N.A.
All other liabilities $ 3.15 million
      Total Liabilities $ 190.54 million
      Shareholders’ Equity $ 23.42 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 6.81 million
Total Interest Expense $ 1.39 million
Net interest income $ 5.42 million
Provision for loan and lease losses $ 0.60 million
Total non interest income $ 0.82 million
Total non interest expense $ 7.03 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in 22nd State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Alabama, 22nd State Bank has a significantly higher percent of Multifamily Mortgages, Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 36.54
Multifamily
Mortgages
6.60
Credit Card Loans 0.00
Consumer Auto Loans 0.20
Small Business Loans 28.17
Construction and Development Loans 6.48
Commercial Real Estate 28.17
Commercial and Industrial Loans 15.68
Farm Loans 2.68

Frequently Asked Questions About 22nd State Bank

Branches and Savings

Is 22nd State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #16910.

Why does 22nd State Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are 22nd State Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is 22nd State Bank a commercial bank?

Yes

Where are 22nd State Bank locations?

See branch locations nearby.

Is 22nd State Bank open on Saturdays?

Is 22nd State Bank open on Sundays?

What time does 22nd State Bank open?

What time does 22nd State Bank close?

Are 22nd State Bank ATMs Open 24/7?

Do 22nd State Bank ATMs accept cash deposits?

Can 22nd State Bank customers use other ATMs?

Do 22nd State Bank branches have notaries?

Will 22nd State Bank notarize my document?

What address for 22nd State Bank should I put for incoming ACH transfers?

Will the 22nd State Bank branch print checks?

Do 22nd State Bank checks expire?

Does 22nd State Bank require US citizenship to open account?

Can 22nd State Bank close my account?

Does 22nd State Bank Report to credit bureaus?

Does 22nd State Bank Use Equifax?

What is 22nd State Bank's ACH Routing Number?

What is 22nd State Bank's SWIFT code?

Products

Does 22nd State Bank offer mortgages?

Compare mortgage rates here.

Does 22nd State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does 22nd State Bank offer personal loans?

Compare personal loan rates here.

Does 22nd State Bank offer student loans?

Will 22nd State Bank cash a check?

Will 22nd State Bank redeem a savings bond?

Does 22nd State Bank cash savings bonds?

Will 22nd State Bank cash money orders?

Can 22nd State Bank issue a money order?

Does 22nd State Bank do currency exchange?

Background on The Bank

Who owns 22nd State Bank?

How long has 22nd State Bank been around?

Can 22nd State Bank transfer to other banks?

Does 22nd State Bank have quick pay?

Does 22nd State Bank accept rolled coins?

Will 22nd State Bank accept loose change?

Where is 22nd State Bank headquarters?

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