Bank of Smithtown


1 East Main Street
Smithtown, NY 11787
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Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
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 Smithtown is an FDIC insured institution located in Smithtown, NY. It was founded in 1910 and has approximately $2.28 billion in assets.

FDIC Insured Yes
FDIC Certificate # 664
Date Established 1910
Assets $ 2.28 billion
Loans $ 1,844.28 million
Deposits $ 1,815.37 million
Capital $ 113.14 million

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

Deposit Rates - October 19, 2020

Your Current Location: Virginia, VA 20146

Loan Rates - October 19, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Smithtown

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
Learn More
NMLS ID: 2890
License#: MC-3098
2.574% 2.500% 1.00 $2,445 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 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
2.240 %
$0 Learn More
More Info

Note to Bank of Smithtown
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Financial Details

Bank of Smithtown Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Smithtown. 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 Smithtown U.S. Bank Average
155.8% 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 Smithtown had $279,771,000 in non-current loans and $3,511,000 in owned real estate. To cover these potential losses it had $113,142,000 in equity and $68,682,000 in loans loss reserves. That gives it a Texas Ratio of 155.8%.

Return on Equity
Bank of Smithtown U.S. Bank Average
-56.31% 7.80%

Bank of Smithtown has a Return on Equity of -56.31% 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 Smithtown U.S. Bank Average
4.97% 12.68%

Bank of Smithtown has a Capitalization of 4.97% 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 Smithtown Balance Sheet Analysis

As of November 30, -0001, Bank of Smithtown had assets of $2,276,313,000, loans of $1,844,281,000, and deposits of $1,815,365,000. 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 $ 1,844.28 million
Loan loss allowance $ 68.68 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.51 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 1,815.37 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 $ 2.28 billion

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 Smithtown’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Bank of Smithtown’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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 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 Smithtown

Branches and Savings

Is Bank Of Smithtown FDIC insured?

Yes. It is covered under FDIC Certificate #664.

Why does Bank Of Smithtown 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 Smithtown CD rates not competitive?

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

Is Bank Of Smithtown a commercial bank?


Where are Bank Of Smithtown locations?

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Are Bank Of Smithtown ATMs Open 24/7?

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Does Bank Of Smithtown require US citizenship to open account?

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What is Bank Of Smithtown's SWIFT code?


Does Bank Of Smithtown offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Of Smithtown offer personal loans?

Compare personal loan rates here.

Does Bank Of Smithtown offer student loans?

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Background on The Bank

Who owns Bank Of Smithtown?

How long has Bank Of Smithtown been around?

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Where is Bank Of Smithtown headquarters?

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