ADB Bank dba Allegiance Direct Bank

Headquarters

136 West Center Street, Suite 200
Cedar City, UT 84720
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD N.A. 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

ADB Bank dba Allegiance Direct Bank is an FDIC insured institution located in Cedar City, UT. It was founded in 2005 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57962
Date Established 2005
Assets $ 45.33 million
Loans $ 26.48 million
Deposits $ 37.51 million
Capital $ 7.66 million
 

For a more detailed analysis of ADB Bank dba Allegiance Direct Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 14, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - July 14, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for ADB Bank dba Allegiance Direct 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.951% 2.875% 1.00 $2,445 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
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Note to ADB Bank dba Allegiance Direct Bank
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Branches

ADB Bank dba Allegiance Direct 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


ADB Bank dba Allegiance Direct Bank Locations


Financial Details

ADB Bank dba Allegiance Direct Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of ADB Bank dba Allegiance Direct 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
ADB Bank dba Allegiance Direct Bank U.S. Bank Average
0.61% 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, ADB Bank dba Allegiance Direct Bank had $47,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $7,655,000 in equity and $50,000 in loans loss reserves. That gives it a Texas Ratio of 0.61%.

Return on Equity
ADB Bank dba Allegiance Direct Bank U.S. Bank Average
3.39% 7.80%

ADB Bank dba Allegiance Direct Bank has a Return on Equity of 3.39% 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
ADB Bank dba Allegiance Direct Bank U.S. Bank Average
16.89% 12.68%

ADB Bank dba Allegiance Direct Bank has a Capitalization of 16.89% 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.

ADB Bank dba Allegiance Direct Bank Balance Sheet Analysis

As of November 30, -0001, ADB Bank dba Allegiance Direct Bank had assets of $45,328,000, loans of $26,483,000, and deposits of $37,505,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 26.48 million
Loan loss allowance $ 0.05 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 37.51 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 45.33 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in ADB Bank dba Allegiance Direct Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, ADB Bank dba Allegiance Direct 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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Adb Bank Dba Allegiance Direct Bank

Branches and Savings

Is Adb Bank Dba Allegiance Direct Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57962.

Why does Adb Bank Dba Allegiance Direct Bank pay such low interest on savings accounts?

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

Why are Adb Bank Dba Allegiance Direct Bank CD rates not competitive?

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

Is Adb Bank Dba Allegiance Direct Bank a commercial bank?

Yes

Where are Adb Bank Dba Allegiance Direct Bank locations?

See branch locations nearby.

Is Adb Bank Dba Allegiance Direct Bank open on Saturdays?

Is Adb Bank Dba Allegiance Direct Bank open on Sundays?

What time does Adb Bank Dba Allegiance Direct Bank open?

What time does Adb Bank Dba Allegiance Direct Bank close?

Are Adb Bank Dba Allegiance Direct Bank ATMs Open 24/7?

Do Adb Bank Dba Allegiance Direct Bank ATMs accept cash deposits?

Can Adb Bank Dba Allegiance Direct Bank customers use other ATMs?

Do Adb Bank Dba Allegiance Direct Bank branches have notaries?

Will Adb Bank Dba Allegiance Direct Bank notarize my document?

What address for Adb Bank Dba Allegiance Direct Bank should I put for incoming ACH transfers?

Will the Adb Bank Dba Allegiance Direct Bank branch print checks?

Do Adb Bank Dba Allegiance Direct Bank checks expire?

Does Adb Bank Dba Allegiance Direct Bank require US citizenship to open account?

Can Adb Bank Dba Allegiance Direct Bank close my account?

Does Adb Bank Dba Allegiance Direct Bank Report to credit bureaus?

Does Adb Bank Dba Allegiance Direct Bank Use Equifax?

What is Adb Bank Dba Allegiance Direct Bank's ACH Routing Number?

What is Adb Bank Dba Allegiance Direct Bank's SWIFT code?

Products

Does Adb Bank Dba Allegiance Direct Bank offer mortgages?

Compare mortgage rates here.

Does Adb Bank Dba Allegiance Direct Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Adb Bank Dba Allegiance Direct Bank offer personal loans?

Compare personal loan rates here.

Does Adb Bank Dba Allegiance Direct Bank offer student loans?

Will Adb Bank Dba Allegiance Direct Bank cash a check?

Will Adb Bank Dba Allegiance Direct Bank redeem a savings bond?

Does Adb Bank Dba Allegiance Direct Bank cash savings bonds?

Will Adb Bank Dba Allegiance Direct Bank cash money orders?

Can Adb Bank Dba Allegiance Direct Bank issue a money order?

Does Adb Bank Dba Allegiance Direct Bank do currency exchange?

Background on The Bank

Who owns Adb Bank Dba Allegiance Direct Bank?

How long has Adb Bank Dba Allegiance Direct Bank been around?

Can Adb Bank Dba Allegiance Direct Bank transfer to other banks?

Does Adb Bank Dba Allegiance Direct Bank have quick pay?

Does Adb Bank Dba Allegiance Direct Bank accept rolled coins?

Will Adb Bank Dba Allegiance Direct Bank accept loose change?

Where is Adb Bank Dba Allegiance Direct Bank headquarters?

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