Bank of Ringgold


2369 Mill Street
Ringgold, LA 71068
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Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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

Bank of Ringgold is an FDIC insured institution located in Ringgold, LA. It was founded in 1904 and has approximately $0.06 billion in assets.

FDIC Insured Yes
FDIC Certificate # 1377
Date Established 1904
Assets $ 64.06 million
Loans $ 14.71 million
Deposits $ 49.09 million
Capital $ 9.80 million

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

Deposit Rates - October 20, 2020

Your Current Location: Connecticut, CT 06828

Loan Rates - October 20, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of Ringgold

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
Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
NMLS ID: 2890
License#: 13256
2.575% 2.500% 1.00 $2,468 $988 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
See Table
2.240 %
$0 Learn More
More Info

Note to Bank of Ringgold
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Financial Details

Bank of Ringgold Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Ringgold. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Ringgold U.S. Bank Average
0.82% 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 Ringgold had $84,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $9,801,000 in equity and $467,000 in loans loss reserves. That gives it a Texas Ratio of 0.82%.

Return on Equity
Bank of Ringgold U.S. Bank Average
1.55% 7.80%

Bank of Ringgold has a Return on Equity of 1.55% 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.

Bank of Ringgold U.S. Bank Average
15.3% 12.68%

Bank of Ringgold has a Capitalization of 15.3% 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 Ringgold Balance Sheet Analysis

As of March 31, 2015, Bank of Ringgold had assets of $55,950,000, loans of $14,710,000, and deposits of $49,094,000. 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
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 $ 14.71 million
Loan loss allowance $ 0.47 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 $ 49.09 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 $ 64.06 million

Summary Income Statement

March 31, 2020
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 Bank of Ringgold’s loan portfolio are 1-4 Family Residential Loans, Small Business Loans, and Commercial Real Estate.

Compared to other banks in Louisiana, Bank of Ringgold has a significantly higher percent of 1-4 Family Residential Loans, Small Business 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 55.96
Credit Card Loans 0.00
Consumer Auto Loans 4.77
Small Business Loans 15.27
Construction and Development Loans 15.15
Commercial Real Estate 15.27
Commercial and Industrial Loans 6.70
Farm Loans 0.00

Frequently Asked Questions About Bank Of Ringgold

Branches and Savings

Is Bank Of Ringgold FDIC insured?

Yes. It is covered under FDIC Certificate #1377.

Why does Bank Of Ringgold 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 Ringgold CD rates not competitive?

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

Is Bank Of Ringgold a commercial bank?


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Does Bank Of Ringgold offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Of Ringgold offer personal loans?

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Background on The Bank

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