Abbeville First Bank, SSB

205 South Main St
Abbeville, SC 29620

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 30619
Date Established 1907
Assets $0.08 billion
Loans $0.04 billion
Deposits $0.06 billion
Capital $0.01 billion

Abbeville First Bank, SSB is an FDIC insured institution located in Abbeville, SC. It was founded in 1907 and has approximately $0.08 billion in assets.

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

Bank Loan Profile?

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

Compared to other banks in South Carolina, Abbeville First Bank, SSB has a significantly higher percent of 1-4 Family Residential 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 79.27
Multifamily
Mortgages
1.54
Credit Card Loans 0.00
Consumer Auto Loans 0.54
Small Business Loans 13.18
Construction and Development Loans 2.15
Commercial Real Estate 13.18
Commercial and Industrial Loans 2.57
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Abbeville First Bank, Ssb, but see these great savings and CD rates:

1.25% APY Online Savings Account from Ally Bank
1.60% APY 11 Month CD from Ally Bank

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Abbeville First Bank, SSB

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 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
3.990% 3.990% -0.25 ($625) $1,193 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More
Flagstar Bank 4.990% $268.11 Learn More

Note to Abbeville First Bank, SSB
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Branches

Abbeville First Bank, SSB 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 First Bank, SSB Locations

Financial Details

Abbeville First Bank, SSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Abbeville First Bank, SSB. 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 First Bank, SSB U.S. Bank Average
5.3% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Abbeville First Bank, SSB had $328,000 in non-current loans and $175,000 in owned real estate. To cover these potential losses it had $8,741,000 in equity and $742,000 in loans loss reserves. That gives it a Texas Ratio of 5.3%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Abbeville First Bank, SSB U.S. Bank Average
5.94% 8.58

Abbeville First Bank, SSB has a Return on Equity of 5.94% versus the BestCashCow average of 8.58. 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 First Bank, SSB U.S. Bank Average
11.49% 12.11

Abbeville First Bank, SSB has a Capitalization of 11.49% versus the BestCashCow average of 12.11. 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 First Bank, SSB Balance Sheet Analysis

As of June 30, 2017, Abbeville First Bank, SSB had assets of $76,077,000, loans of $44,322,000, and deposits of $55,607,000. 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.

Frequently Asked Questions About Abbeville First Bank, SSB

Branches and Savings

Is Abbeville First Bank, SSB FDIC insured?

Yes. It is covered under FDIC Certificate #30619.

Why does Abbeville First Bank, SSB pay such low interest on savings accounts?

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

Why are Abbeville First Bank, SSB CD rates not competitive?

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

Is Abbeville First Bank, SSB a commercial bank?

Yes

Where are Abbeville First Bank, SSB locations?

See branch locations nearby.

Is Abbeville First Bank, SSB open on Saturdays?

Is Abbeville First Bank, SSB open on Sundays?

What time does Abbeville First Bank, SSB open?

What time does Abbeville First Bank, SSB close?

Are Abbeville First Bank, SSB ATMs Open 24/7?

Do Abbeville First Bank, SSB ATMs accept cash deposits?

Can Abbeville First Bank, SSB customers use other ATMs?

Do Abbeville First Bank, SSB branches have notaries?

Will Abbeville First Bank, SSB notarize my document?

What address for Abbeville First Bank, SSB should I put for incoming ACH transfers?

Will the Abbeville First Bank, SSB branch print checks?

Do Abbeville First Bank, SSB checks expire?

Does Abbeville First Bank, SSB require US citizenship to open account?

Can Abbeville First Bank, SSB close my account?

Does Abbeville First Bank, SSB Report to credit bureaus?

Does Abbeville First Bank, SSB Use Equifax?

What is Abbeville First Bank, SSB's ACH Routing Number?

What is Abbeville First Bank, SSB's SWIFT code?

Products

Does Abbeville First Bank, SSB offer mortgages?

Compare mortgage rates here.

Does Abbeville First Bank, SSB offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Abbeville First Bank, SSB offer personal loans?

Compare personal loan rates here.

Does Abbeville First Bank, SSB offer student loans?

Will Abbeville First Bank, SSB cash a check?

Will Abbeville First Bank, SSB redeem a savings bond?

Does Abbeville First Bank, SSB cash savings bonds?

Will Abbeville First Bank, SSB cash money orders?

Can Abbeville First Bank, SSB issue a money order?

Does Abbeville First Bank, SSB do currency exchange?

Background on The Bank

Who owns Abbeville First Bank, SSB?

How long has Abbeville First Bank, SSB been around?

Can Abbeville First Bank, SSB transfer to other banks?

Does Abbeville First Bank, SSB have quick pay?

Does Abbeville First Bank, SSB accept rolled coins?

Will Abbeville First Bank, SSB accept loose change?

Where is Abbeville First Bank, SSB headquarters?

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