Bank of Ringgold

2369 Mill Street
Ringgold, LA 71068


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1377
Date Established 1904
Assets $0.06 billion
Loans $0.01 billion
Deposits $0.05 billion
Capital $0.01 billion

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.

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.

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 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

Deposit Rates - June 17, 2019

Your Current Location: Virginia, VA 20146

There are currently no rates available for Bank Of Ringgold, but see these great savings and CD rates:

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Loan Rates - June 17, 2019

Your Current Location: Virginia, VA 20146

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:

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Featured - Virginia Home Equity Line Of Credit Rates 2019

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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% 6.97%

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 December 31, 2018, 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% 8.80%

Bank of Ringgold has a Return on Equity of 1.55% versus the BestCashCow average of 8.80%. 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% 12.29%

Bank of Ringgold has a Capitalization of 15.3% versus the BestCashCow average of 12.29. 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

December 31, 2018
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.01 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 $0.00 billion
     Total Assets $0.00 billion
Total deposits $0.05 billion
      Interest-bearing deposits $0.00 billion
      Deposits held in domestic offices $0.00 billion
      % insured (estimated) 0.00%
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 $0.00 billion
      Total Liabilities $0.00 billion
      Shareholders’ Equity $0.06 billion

Summary Income Statement

December 31, 2018
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

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?

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Why are Bank Of Ringgold CD rates not competitive?

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Is Bank Of Ringgold a commercial bank?


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Does Bank Of Ringgold offer mortgages?

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

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Does Bank Of Ringgold offer personal loans?

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Background on The Bank

Who owns Bank Of Ringgold?

How long has Bank Of Ringgold been around?

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