Avenue Bank


111 10th Avenue South, Suite 400
Nashville, TN 37203
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Avenue Bank is an FDIC insured institution located in Nashville, TN. It was founded in 1911 and has approximately $1.22 billion in assets.

FDIC Insured Yes
FDIC Certificate # 6106
Date Established 1911
Assets $ 1,224.18 million
Loans $ 971.00 million
Deposits $ 967.33 million
Capital $ 121.08 million

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

Deposit Rates - October 21, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - October 21, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Avenue 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 (%) Monthly
Learn More
NMLS ID: 2890
License#: 13256
2.813% 2.750%
0.88 points
$2,035 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
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
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Avenue Bank
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Climate Initiatives

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Financial Details

Avenue Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Avenue 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
Avenue Bank U.S. Bank Average
0.33% 4.78%

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 June 30, 2021, Avenue Bank had $430,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $121,075,000 in equity and $11,126,000 in loans loss reserves. That gives it a Texas Ratio of 0.33%.

Return on Equity
Avenue Bank U.S. Bank Average
7.53% 11.29%

Avenue Bank has a Return on Equity of 7.53% versus the BestCashCow average of 11.29%. 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.

Avenue Bank U.S. Bank Average
9.89% 11.72%

Avenue Bank has a Capitalization of 9.89% versus the BestCashCow average of 11.72. 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.

Avenue Bank Balance Sheet Analysis

As of June 30, 2016, Avenue Bank had assets of $1,224,181,000, loans of $971,004,000, and deposits of $967,330,000. 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

June 30, 2021
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 $ 971.00 million
Loan loss allowance $ 11.13 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.
Total deposits $ 967.33 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 $ 1,224.18 million

Summary Income Statement

June 30, 2021
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 Avenue Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Tennessee, Avenue Bank has a significantly higher percent of Commercial and Industrial 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 16.56
Credit Card Loans 0.00
Consumer Auto Loans 0.14
Small Business Loans 5.14
Construction and Development Loans 15.17
Commercial Real Estate 31.56
Commercial and Industrial Loans 35.07
Farm Loans 0.00

Frequently Asked Questions About Avenue Bank

Branches and Savings

Is Avenue Bank FDIC insured?

Yes. It is covered under FDIC Certificate #6106.

Why does Avenue Bank pay such low interest on savings accounts?

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

Why are Avenue Bank CD rates not competitive?

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

Is Avenue Bank a commercial bank?


Where are Avenue Bank locations?

See branch locations nearby.

Is Avenue Bank open on Saturdays?

Is Avenue Bank open on Sundays?

What time does Avenue Bank open?

What time does Avenue Bank close?

Are Avenue Bank ATMs Open 24/7?

Do Avenue Bank ATMs accept cash deposits?

Can Avenue Bank customers use other ATMs?

Do Avenue Bank branches have notaries?

Will Avenue Bank notarize my document?

What address for Avenue Bank should I put for incoming ACH transfers?

Will the Avenue Bank branch print checks?

Do Avenue Bank checks expire?

Does Avenue Bank require US citizenship to open account?

Can Avenue Bank close my account?

Does Avenue Bank Report to credit bureaus?

Does Avenue Bank Use Equifax?

What is Avenue Bank's ACH Routing Number?

What is Avenue Bank's SWIFT code?


Does Avenue Bank offer mortgages?

Compare mortgage rates here.

Does Avenue Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Avenue Bank offer personal loans?

Compare personal loan rates here.

Does Avenue Bank offer student loans?

Will Avenue Bank cash a check?

Will Avenue Bank redeem a savings bond?

Does Avenue Bank cash savings bonds?

Will Avenue Bank cash money orders?

Can Avenue Bank issue a money order?

Does Avenue Bank do currency exchange?

Background on The Bank

Who owns Avenue Bank?

How long has Avenue Bank been around?

Can Avenue Bank transfer to other banks?

Does Avenue Bank have quick pay?

Does Avenue Bank accept rolled coins?

Will Avenue Bank accept loose change?

Where is Avenue Bank headquarters?

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