Bally Savings Bank

Headquarters

323 Main Street
Bally, PA 19503
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 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

Bally Savings Bank is an FDIC insured institution located in Bally, PA. It was founded in 1999 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34440
Date Established 1999
Assets $ 53.26 million
Loans $ 30.62 million
Deposits $ 46.92 million
Capital $ 5.01 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 25, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bally 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
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 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
2.990 %
$0 Learn More
More Info

Note to Bally Savings Bank
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Branches

Bally 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


Bally Savings Bank Locations


Financial Details

Bally Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bally 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
Bally Savings Bank U.S. Bank Average
28% 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, Bally Savings Bank had $1,473,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,009,000 in equity and $252,000 in loans loss reserves. That gives it a Texas Ratio of 28%.

Return on Equity
Bally Savings Bank U.S. Bank Average
7.49% 7.80%

Bally Savings Bank has a Return on Equity of 7.49% 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
Bally Savings Bank U.S. Bank Average
9.4% 12.68%

Bally Savings Bank has a Capitalization of 9.4% 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.

Bally Savings Bank Balance Sheet Analysis

As of March 31, 2017, Bally Savings Bank had assets of $53,262,000, loans of $30,618,000, and deposits of $46,922,000. 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 $ 30.62 million
Loan loss allowance $ 0.25 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 $ 46.92 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 $ 53.26 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 Bally Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Pennsylvania, Bally Savings Bank 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 93.57
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.91
Construction and Development Loans 2.64
Commercial Real Estate 1.91
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Bally Savings Bank

Branches and Savings

Is Bally Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34440.

Why does Bally 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 Bally Savings Bank CD rates not competitive?

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

Is Bally Savings Bank a commercial bank?

Yes

Where are Bally Savings Bank locations?

See branch locations nearby.

Is Bally Savings Bank open on Saturdays?

Is Bally Savings Bank open on Sundays?

What time does Bally Savings Bank open?

What time does Bally Savings Bank close?

Are Bally Savings Bank ATMs Open 24/7?

Do Bally Savings Bank ATMs accept cash deposits?

Can Bally Savings Bank customers use other ATMs?

Do Bally Savings Bank branches have notaries?

Will Bally Savings Bank notarize my document?

What address for Bally Savings Bank should I put for incoming ACH transfers?

Will the Bally Savings Bank branch print checks?

Do Bally Savings Bank checks expire?

Does Bally Savings Bank require US citizenship to open account?

Can Bally Savings Bank close my account?

Does Bally Savings Bank Report to credit bureaus?

Does Bally Savings Bank Use Equifax?

What is Bally Savings Bank's ACH Routing Number?

What is Bally Savings Bank's SWIFT code?

Products

Does Bally Savings Bank offer mortgages?

Compare mortgage rates here.

Does Bally Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bally Savings Bank offer personal loans?

Compare personal loan rates here.

Does Bally Savings Bank offer student loans?

Will Bally Savings Bank cash a check?

Will Bally Savings Bank redeem a savings bond?

Does Bally Savings Bank cash savings bonds?

Will Bally Savings Bank cash money orders?

Can Bally Savings Bank issue a money order?

Does Bally Savings Bank do currency exchange?

Background on The Bank

Who owns Bally Savings Bank?

How long has Bally Savings Bank been around?

Can Bally Savings Bank transfer to other banks?

Does Bally Savings Bank have quick pay?

Does Bally Savings Bank accept rolled coins?

Will Bally Savings Bank accept loose change?

Where is Bally Savings Bank headquarters?

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