Bank of Travelers Rest

Headquarters

42 Plaza Drive
Travelers Rest, SC 29690
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.00% →
1-Year CD 0.25% 0.95% →
2-Year CD 0.35% 1.05% →
5-Year CD 0.55% 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 Travelers Rest is an FDIC insured institution located in Travelers Rest, SC. It was founded in 1946 and has approximately $0.85 billion in assets. Customers can open an account at one of its 10 branches.

FDIC Insured Yes
FDIC Certificate # 16389
Date Established 1946
Assets $ 853.71 million
Loans $ 507.94 million
Deposits $ 755.43 million
Capital $ 84.62 million
 

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

Deposit Rates - October 1, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $25 - Learn More
Money Market
0.10% $1,000 $9,999 Learn More
Money Market
0.10% $10,000 $24,999 Learn More
Money Market
0.15% $25,000 $39,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $1,000 - Learn More
6 Mo CD
0.20% $1,000 - Learn More
Special: 7 Mo CD
0.45% $1,000 $500,000 Learn More
12 Mo CD
0.25% $1,000 - Learn More
Special: 13 Mo CD
0.60% $1,000 $500,000 Learn More
18 Mo CD
0.30% $1,000 - Learn More
Special: 19 Mo CD
0.65% $1,000 $500,000 Learn More
24 Mo CD
0.35% $1,000 - Learn More
Special: 25 Mo CD
0.70% $1,000 $500,000 Learn More
Special: 29 Mo CD
0.75% $10,000 - Learn More
30 Mo CD
0.40% $1,000 - Learn More
36 Mo CD
0.45% $1,000 - Learn More
Special: 42 Mo CD
0.80% $1,000 $500,000 Learn More
48 Mo CD
0.50% $1,000 - Learn More
Special: 59 Mo CD
0.85% $10,000 - Learn More
60 Mo CD
0.55% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Special: 7 Mo FIRA
0.45% $1,000 $500,000 Learn MoreShow Less
Special: 13 Mo FIRA
0.60% $1,000 $500,000 Learn MoreShow Less
Special: 19 Mo FIRA
0.65% $1,000 $500,000 Learn MoreShow Less
Special: 25 Mo FIRA
0.70% $1,000 $500,000 Learn MoreShow Less
Special: 29 Mo FIRA
0.75% $10,000 - Learn MoreShow Less
Special: 42 Mo FIRA
0.80% $1,000 $500,000 Learn MoreShow Less
Special: 59 Mo FIRA
0.85% $10,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 $9,999 Learn MoreShow Less

Loan Rates - October 1, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of Travelers Rest

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
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
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3.750 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Bank of Travelers Rest
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Branches

Bank of Travelers Rest 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 Travelers Rest Locations


Financial Details

Bank of Travelers Rest Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Travelers Rest. 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 Travelers Rest U.S. Bank Average
2.88% 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 Travelers Rest had $1,756,000 in non-current loans and $950,000 in owned real estate. To cover these potential losses it had $84,617,000 in equity and $9,375,000 in loans loss reserves. That gives it a Texas Ratio of 2.88%.

Return on Equity
Bank of Travelers Rest U.S. Bank Average
13.41% 7.80%

Bank of Travelers Rest has a Return on Equity of 13.41% 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 Travelers Rest U.S. Bank Average
9.91% 12.68%

Bank of Travelers Rest has a Capitalization of 9.91% 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 Travelers Rest Balance Sheet Analysis

As of March 31, 2020, Bank of Travelers Rest had assets of $853,713,000, loans of $507,942,000, and deposits of $755,427,000. 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 $ 79.37 million
Interest-bearing balances $ 60.97 million
Total securities $ 189.66 million
Federal funds sold and reverse repurchase $ 39.81 million
Net loans and leases $ 507.94 million
Loan loss allowance $ 9.38 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.95 million
Goodwill and other intangibles N.A.
All other assets $ 22.27 million
     Total Assets $ 769.10 million
LIABILITIES
Total deposits $ 755.43 million
      Interest-bearing deposits $ 625.10 million
      Deposits held in domestic offices $ 755.43 million
      % insured (estimated) 82.62%
Federal funds purchased and repurchase agreements $ 6.12 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 7.55 million
      Total Liabilities $ 769.10 million
      Shareholders’ Equity $ 84.62 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 7.65 million
Total Interest Expense $ 1.21 million
Net interest income $ 6.44 million
Provision for loan and lease losses $ 0.41 million
Total non interest income $ 2.58 million
Total non interest expense $ 5.75 million
Pre-tax Net Operating Income $ 2.87 million

Bank Loan Profile?

The top three loan types in Bank of Travelers Rest’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in South Carolina, Bank of Travelers Rest has a significantly higher percent of Credit Card 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 28.60
Multifamily
Mortgages
0.33
Credit Card Loans 2.10
Consumer Auto Loans 1.69
Small Business Loans 0.00
Construction and Development Loans 8.98
Commercial Real Estate 42.49
Commercial and Industrial Loans 9.56
Farm Loans 0.13

Frequently Asked Questions About Bank Of Travelers Rest

Branches and Savings

Is Bank Of Travelers Rest FDIC insured?

Yes. It is covered under FDIC Certificate #16389.

Why does Bank Of Travelers Rest 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 Travelers Rest CD rates not competitive?

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

Is Bank Of Travelers Rest a commercial bank?

Yes

Where are Bank Of Travelers Rest locations?

See branch locations nearby.

Is Bank Of Travelers Rest open on Saturdays?

Is Bank Of Travelers Rest open on Sundays?

What time does Bank Of Travelers Rest open?

What time does Bank Of Travelers Rest close?

Are Bank Of Travelers Rest ATMs Open 24/7?

Do Bank Of Travelers Rest ATMs accept cash deposits?

Can Bank Of Travelers Rest customers use other ATMs?

Do Bank Of Travelers Rest branches have notaries?

Will Bank Of Travelers Rest notarize my document?

What address for Bank Of Travelers Rest should I put for incoming ACH transfers?

Will the Bank Of Travelers Rest branch print checks?

Do Bank Of Travelers Rest checks expire?

Does Bank Of Travelers Rest require US citizenship to open account?

Can Bank Of Travelers Rest close my account?

Does Bank Of Travelers Rest Report to credit bureaus?

Does Bank Of Travelers Rest Use Equifax?

What is Bank Of Travelers Rest's ACH Routing Number?

What is Bank Of Travelers Rest's SWIFT code?

Products

Does Bank Of Travelers Rest offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Of Travelers Rest offer personal loans?

Compare personal loan rates here.

Does Bank Of Travelers Rest offer student loans?

Will Bank Of Travelers Rest cash a check?

Will Bank Of Travelers Rest redeem a savings bond?

Does Bank Of Travelers Rest cash savings bonds?

Will Bank Of Travelers Rest cash money orders?

Can Bank Of Travelers Rest issue a money order?

Does Bank Of Travelers Rest do currency exchange?

Background on The Bank

Who owns Bank Of Travelers Rest?

How long has Bank Of Travelers Rest been around?

Can Bank Of Travelers Rest transfer to other banks?

Does Bank Of Travelers Rest have quick pay?

Does Bank Of Travelers Rest accept rolled coins?

Will Bank Of Travelers Rest accept loose change?

Where is Bank Of Travelers Rest headquarters?

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