Abbeville Building & Loan (A State-Chartered Savings Bank)

Headquarters

1212 Charity Street
Abbeville, LA 70510
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 0.95% →
1-Year CD 1.36% 1.01% →
2-Year CD 1.56% 0.95% →
5-Year CD 1.76% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Abbeville Building & Loan (A State-Chartered Savings Bank) is an FDIC insured institution located in Abbeville, LA. It was founded in 1890 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 30332
Date Established 1890
Assets $ 54.00 million
Loans $ 44.12 million
Deposits $ 34.96 million
Capital $ 16.05 million
 

For a more detailed analysis of Abbeville Building & Loan (A State-Chartered Savings Bank)'s financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Money Market
0.50% $2,500 $2,999 Learn More
Money Market
0.75% $10,000 $14,999 Learn More
Money Market
0.75% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.75% $10,000 $14,999 Learn More
6 Mo CD
0.75% $100,000 $199,999 Learn More
12 Mo CD
1.36% $10,000 $14,999 Learn More
12 Mo CD
1.36% $100,000 $199,999 Learn More
18 Mo CD
1.46% $10,000 $14,999 Learn More
18 Mo CD
1.46% $100,000 $199,999 Learn More
24 Mo CD
1.56% $10,000 $14,999 Learn More
24 Mo CD
1.56% $100,000 $199,999 Learn More
36 Mo CD
1.66% $10,000 $14,999 Learn More
36 Mo CD
1.66% $100,000 $199,999 Learn More
60 Mo CD
1.76% $10,000 $14,999 Learn More
60 Mo CD
1.76% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.25% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Abbeville Building & Loan (A State-Chartered Savings Bank)

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.669% 2.625% 0.63 $1,450 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
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: 3.500 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Abbeville Building & Loan (A State-Chartered Savings Bank)
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Abbeville Building & Loan (A State-Chartered 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:
Ashburn,Virginia


Abbeville Building & Loan (A State-Chartered Savings Bank) Locations


Financial Details

Abbeville Building & Loan (A State-Chartered Savings Bank) Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Abbeville Building & Loan (A State-Chartered 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
Abbeville Building & Loan (A State-Chartered Savings Bank) U.S. Bank Average
6.61% 6.94%

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 March 31, 2020, Abbeville Building & Loan (A State-Chartered Savings Bank) had $808,000 in non-current loans and $287,000 in owned real estate. To cover these potential losses it had $16,051,000 in equity and $508,000 in loans loss reserves. That gives it a Texas Ratio of 6.61%.

Return on Equity
Abbeville Building & Loan (A State-Chartered Savings Bank) U.S. Bank Average
-2.11% 7.80%

Abbeville Building & Loan (A State-Chartered Savings Bank) has a Return on Equity of -2.11% versus the BestCashCow average of 7.80%. 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
Abbeville Building & Loan (A State-Chartered Savings Bank) U.S. Bank Average
29.72% 12.68%

Abbeville Building & Loan (A State-Chartered Savings Bank) has a Capitalization of 29.72% versus the BestCashCow average of 12.68. 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.

Abbeville Building & Loan (A State-Chartered Savings Bank) Balance Sheet Analysis

As of March 31, 2020, Abbeville Building & Loan (A State-Chartered Savings Bank) had assets of $54,004,000, loans of $44,119,000, and deposits of $34,959,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 1.98 million
Interest-bearing balances $ 1.32 million
Total securities $ 1.24 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 44.12 million
Loan loss allowance $ 0.51 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.29 million
Goodwill and other intangibles $ 3.91 million
All other assets $ 0.99 million
     Total Assets $ 37.95 million
LIABILITIES
Total deposits $ 34.96 million
      Interest-bearing deposits $ 34.64 million
      Deposits held in domestic offices $ 34.96 million
      % insured (estimated) 88.64%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.00 million
Subordinated debt N.A.
All other liabilities $ 0.99 million
      Total Liabilities $ 37.95 million
      Shareholders’ Equity $ 16.05 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.59 million
Total Interest Expense $ 0.08 million
Net interest income $ 0.51 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.13 million
Total non interest expense $ 0.71 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Abbeville Building & Loan (A State-Chartered Savings Bank)’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Multifamily Mortgages.

Compared to other banks in Louisiana, Abbeville Building & Loan (A State-Chartered Savings Bank) has a significantly higher percent of 1-4 Family Residential Loans, Construction and Development 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 56.41
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 44.70
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Abbeville Building & Loan (a State-chartered Savings Bank)

Branches and Savings

Is Abbeville Building & Loan (a State-chartered Savings Bank) FDIC insured?

Yes. It is covered under FDIC Certificate #30332.

Why does Abbeville Building & Loan (a State-chartered Savings Bank) pay such low interest on savings accounts?

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

Why are Abbeville Building & Loan (a State-chartered Savings Bank) CD rates not competitive?

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

Is Abbeville Building & Loan (a State-chartered Savings Bank) a commercial bank?

Yes

Where are Abbeville Building & Loan (a State-chartered Savings Bank) locations?

See branch locations nearby.

Is Abbeville Building & Loan (a State-chartered Savings Bank) open on Saturdays?

Is Abbeville Building & Loan (a State-chartered Savings Bank) open on Sundays?

What time does Abbeville Building & Loan (a State-chartered Savings Bank) open?

What time does Abbeville Building & Loan (a State-chartered Savings Bank) close?

Are Abbeville Building & Loan (a State-chartered Savings Bank) ATMs Open 24/7?

Do Abbeville Building & Loan (a State-chartered Savings Bank) ATMs accept cash deposits?

Can Abbeville Building & Loan (a State-chartered Savings Bank) customers use other ATMs?

Do Abbeville Building & Loan (a State-chartered Savings Bank) branches have notaries?

Will Abbeville Building & Loan (a State-chartered Savings Bank) notarize my document?

What address for Abbeville Building & Loan (a State-chartered Savings Bank) should I put for incoming ACH transfers?

Will the Abbeville Building & Loan (a State-chartered Savings Bank) branch print checks?

Do Abbeville Building & Loan (a State-chartered Savings Bank) checks expire?

Does Abbeville Building & Loan (a State-chartered Savings Bank) require US citizenship to open account?

Can Abbeville Building & Loan (a State-chartered Savings Bank) close my account?

Does Abbeville Building & Loan (a State-chartered Savings Bank) Report to credit bureaus?

Does Abbeville Building & Loan (a State-chartered Savings Bank) Use Equifax?

What is Abbeville Building & Loan (a State-chartered Savings Bank)'s ACH Routing Number?

What is Abbeville Building & Loan (a State-chartered Savings Bank)'s SWIFT code?

Products

Does Abbeville Building & Loan (a State-chartered Savings Bank) offer mortgages?

Compare mortgage rates here.

Does Abbeville Building & Loan (a State-chartered Savings Bank) offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Abbeville Building & Loan (a State-chartered Savings Bank) offer personal loans?

Compare personal loan rates here.

Does Abbeville Building & Loan (a State-chartered Savings Bank) offer student loans?

Will Abbeville Building & Loan (a State-chartered Savings Bank) cash a check?

Will Abbeville Building & Loan (a State-chartered Savings Bank) redeem a savings bond?

Does Abbeville Building & Loan (a State-chartered Savings Bank) cash savings bonds?

Will Abbeville Building & Loan (a State-chartered Savings Bank) cash money orders?

Can Abbeville Building & Loan (a State-chartered Savings Bank) issue a money order?

Does Abbeville Building & Loan (a State-chartered Savings Bank) do currency exchange?

Background on The Bank

Who owns Abbeville Building & Loan (a State-chartered Savings Bank)?

How long has Abbeville Building & Loan (a State-chartered Savings Bank) been around?

Can Abbeville Building & Loan (a State-chartered Savings Bank) transfer to other banks?

Does Abbeville Building & Loan (a State-chartered Savings Bank) have quick pay?

Does Abbeville Building & Loan (a State-chartered Savings Bank) accept rolled coins?

Will Abbeville Building & Loan (a State-chartered Savings Bank) accept loose change?

Where is Abbeville Building & Loan (a State-chartered Savings Bank) headquarters?

Customer Reviews for Abbeville Building & Loan (A State-Chartered Savings Bank)


  • January 20, 2015

    would like to invest IRA

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