Basile State Bank

Headquarters

3031 Stagg Ave
Basile, LA 70515
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.95% →
1-Year CD 0.65% 1.01% →
2-Year CD 0.70% 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

Basile State Bank is an FDIC insured institution located in Basile, LA. It was founded in 1956 and has approximately $0.06 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 17621
Date Established 1956
Assets $ 58.69 million
Loans $ 42.35 million
Deposits $ 52.00 million
Capital $ 6.56 million
 

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

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.35% $10,000 $14,999 Learn More
3 Mo CD
0.45% $100,000 $199,999 Learn More
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.45% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.65% $100,000 $199,999 Learn More
18 Mo CD
0.55% $10,000 $14,999 Learn More
18 Mo CD
0.70% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.25% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Basile State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Basile State Bank
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Branches

Basile State Bank 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:
Seattle,Washington


Basile State Bank Locations


Financial Details

Basile State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Basile State Bank. 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
Basile State Bank U.S. Bank Average
17.89% 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, Basile State Bank had $990,000 in non-current loans and $292,000 in owned real estate. To cover these potential losses it had $6,555,000 in equity and $612,000 in loans loss reserves. That gives it a Texas Ratio of 17.89%.

Return on Equity
Basile State Bank U.S. Bank Average
15.27% 7.80%

Basile State Bank has a Return on Equity of 15.27% 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
Basile State Bank U.S. Bank Average
11.17% 12.68%

Basile State Bank has a Capitalization of 11.17% 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.

Basile State Bank Balance Sheet Analysis

As of March 31, 2020, Basile State Bank had assets of $58,692,000, loans of $42,352,000, and deposits of $52,004,000. 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 $ 6.45 million
Interest-bearing balances $ 2.99 million
Total securities $ 0.86 million
Federal funds sold and reverse repurchase $ 6.80 million
Net loans and leases $ 42.35 million
Loan loss allowance $ 0.61 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.29 million
Goodwill and other intangibles N.A.
All other assets $ 0.85 million
     Total Assets $ 52.14 million
LIABILITIES
Total deposits $ 52.00 million
      Interest-bearing deposits $ 33.20 million
      Deposits held in domestic offices $ 52.00 million
      % insured (estimated) 91.15%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.13 million
      Total Liabilities $ 52.14 million
      Shareholders’ Equity $ 6.56 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.79 million
Total Interest Expense $ 0.09 million
Net interest income $ 0.70 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.13 million
Total non interest expense $ 0.56 million
Pre-tax Net Operating Income $ 0.25 million

Bank Loan Profile?

The top three loan types in Basile State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Farm Loans.

Compared to other banks in Louisiana, Basile State Bank 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 57.45
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 2.61
Small Business Loans 0.00
Construction and Development Loans 4.36
Commercial Real Estate 9.04
Commercial and Industrial Loans 4.68
Farm Loans 6.28

Frequently Asked Questions About Basile State Bank

Branches and Savings

Is Basile State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #17621.

Why does Basile State Bank pay such low interest on savings accounts?

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

Why are Basile State Bank CD rates not competitive?

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

Is Basile State Bank a commercial bank?

Yes

Where are Basile State Bank locations?

See branch locations nearby.

Is Basile State Bank open on Saturdays?

Is Basile State Bank open on Sundays?

What time does Basile State Bank open?

What time does Basile State Bank close?

Are Basile State Bank ATMs Open 24/7?

Do Basile State Bank ATMs accept cash deposits?

Can Basile State Bank customers use other ATMs?

Do Basile State Bank branches have notaries?

Will Basile State Bank notarize my document?

What address for Basile State Bank should I put for incoming ACH transfers?

Will the Basile State Bank branch print checks?

Do Basile State Bank checks expire?

Does Basile State Bank require US citizenship to open account?

Can Basile State Bank close my account?

Does Basile State Bank Report to credit bureaus?

Does Basile State Bank Use Equifax?

What is Basile State Bank's ACH Routing Number?

What is Basile State Bank's SWIFT code?

Products

Does Basile State Bank offer mortgages?

Compare mortgage rates here.

Does Basile State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Basile State Bank offer personal loans?

Compare personal loan rates here.

Does Basile State Bank offer student loans?

Will Basile State Bank cash a check?

Will Basile State Bank redeem a savings bond?

Does Basile State Bank cash savings bonds?

Will Basile State Bank cash money orders?

Can Basile State Bank issue a money order?

Does Basile State Bank do currency exchange?

Background on The Bank

Who owns Basile State Bank?

How long has Basile State Bank been around?

Can Basile State Bank transfer to other banks?

Does Basile State Bank have quick pay?

Does Basile State Bank accept rolled coins?

Will Basile State Bank accept loose change?

Where is Basile State Bank headquarters?

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