Bank of Putnam County
140 South Jefferson Street
Cookeville, TN 38501
2019 Overview
General Bank Information
Bank of Putnam County is an FDIC insured institution located in Cookeville, TN. It was founded in 1901 and has approximately $0.86 billion in assets. Customers can open an account at one of its 14 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 8432 |
| Date Established | 1901 |
| Assets | $0.86 billion |
| Loans | $0.51 billion |
| Deposits | $0.78 billion |
| Capital | $0.07 billion |
For a more detailed analysis of Bank of Putnam County's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 14, 2019
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $50 | - | Learn More |
|
Money Market
|
0.05% | $50 | $4,999 | Learn More |
|
Money Market
|
0.15% | $10,000 | $24,999 | Learn More |
|
Money Market
|
0.15% | $25,000 | $99,999 | Learn More |
| CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 3 Mo CD
|
0.40% | $500 | - | Learn More |
| 6 Mo CD
|
0.45% | $500 | - | Learn More |
| 12 Mo CD
|
1.00% | $500 | - | Learn More |
| 18 Mo CD
|
1.06% | $500 | - | Learn More |
| 24 Mo CD
|
1.26% | $500 | - | Learn More |
| 36 Mo CD
|
1.36% | $500 | - | Learn More |
| 48 Mo CD
|
1.76% | $500 | - | Learn More |
| 60 Mo CD
|
1.76% | $500 | - | Learn More |
| Fixed IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Fixed IRA
|
1.00% | $100 | - | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.10% | $400 | $4,999 | Learn More |
Loan Rates - November 14, 2019
Your Current Location: Virginia, VA 20146
There are currently no loan rates available for Bank of Putnam County
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 2019
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 3030 |
4.875% | 4.875% | 0.00 | $0 | $1,324 | Learn More |
NMLS ID: 2890 License#: MC-3098 |
3.625% | 3.625% | 0.00 | ($88) | $1,141 | Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2019
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Figure Home Equity Line |
0.000 %
|
$0 |
Learn More
More Info |
Third Federal Savings and Loans |
3.740 %
|
$0 |
Learn More
More Info |
Note to Bank of Putnam County
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Branches
Bank of Putnam County 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
Bank of Putnam County Locations
Financial Details
Bank of Putnam County Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Bank of Putnam County. 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 Putnam County | U.S. Bank Average |
|---|---|
| 0.04% | 6.77% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Bank of Putnam County had $1,000 in non-current loans and $29,000 in owned real estate. To cover these potential losses it had $65,692,000 in equity and $4,224,000 in loans loss reserves. That gives it a Texas Ratio of 0.04%.
Return on Equity
| Bank of Putnam County | U.S. Bank Average |
|---|---|
| 14.75% | 9.50% |
Bank of Putnam County has a Return on Equity of 14.75% versus the BestCashCow average of 9.50%. 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 Putnam County | U.S. Bank Average |
|---|---|
| 7.63% | 12.76% |
Bank of Putnam County has a Capitalization of 7.63% versus the BestCashCow average of 12.76. 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 Putnam County Balance Sheet Analysis
As of June 30, 2019, Bank of Putnam County had assets of $860,446,000, loans of $507,696,000, and deposits of $782,750,000. 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, 2019| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $0.07 billion |
| Interest-bearing balances | $0.05 billion |
| Total securities | $0.24 billion |
| Federal funds sold and reverse repurchase | $0.00 billion |
| Net loans and leases | $0.51 billion |
| Loan loss allowance | $0.00 billion |
| Trading account assets | $0.00 billion |
| Bank premises and fixed assets | $0.00 billion |
| Other real estate owned | $0.00 billion |
| Goodwill and other intangibles | $0.00 billion |
| All other assets | $0.02 billion |
| Total Assets | $0.79 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $0.78 billion |
| Interest-bearing deposits | $0.64 billion |
| Deposits held in domestic offices | $0.78 billion |
| % insured (estimated) | 86.01% |
| Federal funds purchased and repurchase agreements | $0.00 billion |
| Trading liabilities | $0.00 billion |
| Other borrowed funds | $0.00 billion |
| Subordinated debt | $0.00 billion |
| All other liabilities | $0.01 billion |
| Total Liabilities | $0.79 billion |
| Shareholders’ Equity | $0.07 billion |
Summary Income Statement
June 30, 2019| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $0.02 billion |
| Total Interest Expense | $0.00 billion |
| Net interest income | $0.01 billion |
| Provision for loan and lease losses | $0.00 billion |
| Total non interest income | $0.00 billion |
| Total non interest expense | $0.01 billion |
| Pre-tax Net Operating Income | $0.01 billion |
Bank Loan Profile?
The top three loan types in Bank of Putnam County’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.
Compared to other banks, Bank of Putnam County’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 | 38.61 | ✓ | ||
| Multifamily Mortgages |
2.56 | ✓ | ||
| Credit Card Loans | 0.06 | ✓ | ||
| Consumer Auto Loans | 2.63 | ✓ | ||
| Small Business Loans | 16.63 | ✓ | ||
| Construction and Development Loans | 8.77 | ✓ | ||
| Commercial Real Estate | 35.45 | ✓ | ||
| Commercial and Industrial Loans | 7.57 | ✓ | ||
| Farm Loans | 0.35 | ✓ | ||
Frequently Asked Questions About Bank Of Putnam County
Branches and Savings
Is Bank Of Putnam County FDIC insured?
Yes. It is covered under FDIC Certificate #8432.
Why does Bank Of Putnam County 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 Putnam County CD rates not competitive?
See the best online CD rates here. See the best local CD rates here.
Is Bank Of Putnam County a commercial bank?
Yes
Is Bank Of Putnam County open on Saturdays?
Is Bank Of Putnam County open on Sundays?
What time does Bank Of Putnam County open?
What time does Bank Of Putnam County close?
Are Bank Of Putnam County ATMs Open 24/7?
Do Bank Of Putnam County ATMs accept cash deposits?
Can Bank Of Putnam County customers use other ATMs?
Do Bank Of Putnam County branches have notaries?
Will Bank Of Putnam County notarize my document?
What address for Bank Of Putnam County should I put for incoming ACH transfers?
Will the Bank Of Putnam County branch print checks?
Do Bank Of Putnam County checks expire?
Does Bank Of Putnam County require US citizenship to open account?
Can Bank Of Putnam County close my account?
Does Bank Of Putnam County Report to credit bureaus?
Does Bank Of Putnam County Use Equifax?
What is Bank Of Putnam County's ACH Routing Number?
What is Bank Of Putnam County's SWIFT code?
Products
Does Bank Of Putnam County offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
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