Bank of New Castle

Headquarters

12 Read's Way
New Castle, DE 19720
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 1.05% →
2-Year CD N.A. 1.11% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 2.88% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bank of New Castle is an FDIC insured institution located in New Castle, DE. It was founded in 1989 and has approximately $0.02 billion in assets.

FDIC Insured Yes
FDIC Certificate # 27575
Date Established 1989
Assets $ 18.07 million
Loans $ 17.70 million
Deposits $ 0.50 million
Capital $ 17.52 million
 

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

Deposit Rates - August 15, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - August 15, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of New Castle

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
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.914% 2.875% 0.50 $1,250 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
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Note to Bank of New Castle
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Branches

Bank of New Castle 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


Bank of New Castle Locations


Financial Details

Bank of New Castle Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of New Castle. 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
Bank of New Castle U.S. Bank Average
0% 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, Bank of New Castle had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $17,524,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Bank of New Castle U.S. Bank Average
1.12% 7.80%

Bank of New Castle has a Return on Equity of 1.12% 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
Bank of New Castle U.S. Bank Average
97.01% 12.68%

Bank of New Castle has a Capitalization of 97.01% 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.

Bank of New Castle Balance Sheet Analysis

As of March 31, 2020, Bank of New Castle had assets of $18,065,000, loans of $17,700,000, and deposits of $500,000. 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 $ 0.23 million
Interest-bearing balances N.A.
Total securities $ 0.12 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 17.70 million
Loan loss allowance N.A.
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 $ 0.01 million
     Total Assets $ 0.54 million
LIABILITIES
Total deposits $ 0.50 million
      Interest-bearing deposits $ 0.50 million
      Deposits held in domestic offices $ 0.50 million
      % insured (estimated) 49.70%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.04 million
      Total Liabilities $ 0.54 million
      Shareholders’ Equity $ 17.52 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.08 million
Total Interest Expense $ 0.00 million
Net interest income $ 0.07 million
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense $ 0.01 million
Pre-tax Net Operating Income $ 0.07 million

Bank Loan Profile?

The top three loan types in Bank of New Castle’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Bank of New Castle’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 Bank Of New Castle

Branches and Savings

Is Bank Of New Castle FDIC insured?

Yes. It is covered under FDIC Certificate #27575.

Why does Bank Of New Castle pay such low interest on savings accounts?

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

Why are Bank Of New Castle CD rates not competitive?

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

Is Bank Of New Castle a commercial bank?

Yes

Where are Bank Of New Castle locations?

See branch locations nearby.

Is Bank Of New Castle open on Saturdays?

Is Bank Of New Castle open on Sundays?

What time does Bank Of New Castle open?

What time does Bank Of New Castle close?

Are Bank Of New Castle ATMs Open 24/7?

Do Bank Of New Castle ATMs accept cash deposits?

Can Bank Of New Castle customers use other ATMs?

Do Bank Of New Castle branches have notaries?

Will Bank Of New Castle notarize my document?

What address for Bank Of New Castle should I put for incoming ACH transfers?

Will the Bank Of New Castle branch print checks?

Do Bank Of New Castle checks expire?

Does Bank Of New Castle require US citizenship to open account?

Can Bank Of New Castle close my account?

Does Bank Of New Castle Report to credit bureaus?

Does Bank Of New Castle Use Equifax?

What is Bank Of New Castle's ACH Routing Number?

What is Bank Of New Castle's SWIFT code?

Products

Does Bank Of New Castle offer mortgages?

Compare mortgage rates here.

Does Bank Of New Castle offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of New Castle offer personal loans?

Compare personal loan rates here.

Does Bank Of New Castle offer student loans?

Will Bank Of New Castle cash a check?

Will Bank Of New Castle redeem a savings bond?

Does Bank Of New Castle cash savings bonds?

Will Bank Of New Castle cash money orders?

Can Bank Of New Castle issue a money order?

Does Bank Of New Castle do currency exchange?

Background on The Bank

Who owns Bank Of New Castle?

How long has Bank Of New Castle been around?

Can Bank Of New Castle transfer to other banks?

Does Bank Of New Castle have quick pay?

Does Bank Of New Castle accept rolled coins?

Will Bank Of New Castle accept loose change?

Where is Bank Of New Castle headquarters?

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