Belmont Savings Bank, SSB

Headquarters

210 Park Street
Belmont, NC 28012
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.75% 1.01% →
2-Year CD 0.85% 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

Belmont Savings Bank, SSB is an FDIC insured institution located in Belmont, NC. It was founded in 1915 and has approximately $0.1 billion in assets.

FDIC Insured Yes
FDIC Certificate # 28035
Date Established 1915
Assets $ 95.02 million
Loans $ 72.43 million
Deposits $ 75.73 million
Capital $ 18.98 million
 

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

Deposit Rates - October 24, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.65% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
18 Mo CD
0.65% $10,000 $14,999 Learn More
18 Mo CD
0.80% $100,000 $199,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.85% $100,000 $199,999 Learn More
30 Mo CD
0.80% $10,000 $14,999 Learn More
30 Mo CD
0.90% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 24, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Belmont Savings Bank, SSB

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
Payment
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#: MC-3098
2.575% 2.500% 1.00 $2,470 $988 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 Belmont Savings Bank, SSB
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Branches

Belmont Savings Bank, SSB 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:
Ashburn,Virginia


Belmont Savings Bank, SSB Locations


Financial Details

Belmont Savings Bank, SSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Belmont Savings Bank, SSB. 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
Belmont Savings Bank, SSB U.S. Bank Average
0.77% 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, Belmont Savings Bank, SSB had $148,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $18,976,000 in equity and $264,000 in loans loss reserves. That gives it a Texas Ratio of 0.77%.

Return on Equity
Belmont Savings Bank, SSB U.S. Bank Average
1.75% 7.80%

Belmont Savings Bank, SSB has a Return on Equity of 1.75% 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
Belmont Savings Bank, SSB U.S. Bank Average
19.97% 12.68%

Belmont Savings Bank, SSB has a Capitalization of 19.97% 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.

Belmont Savings Bank, SSB Balance Sheet Analysis

As of March 31, 2020, Belmont Savings Bank, SSB had assets of $95,017,000, loans of $72,426,000, and deposits of $75,732,000. 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 $ 17.84 million
Interest-bearing balances $ 15.34 million
Total securities $ 1.07 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 72.43 million
Loan loss allowance $ 0.26 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 $ 0.69 million
     Total Assets $ 76.04 million
LIABILITIES
Total deposits $ 75.73 million
      Interest-bearing deposits $ 71.82 million
      Deposits held in domestic offices $ 75.73 million
      % insured (estimated) 76.24%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.31 million
      Total Liabilities $ 76.04 million
      Shareholders’ Equity $ 18.98 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.90 million
Total Interest Expense $ 0.24 million
Net interest income $ 0.66 million
Provision for loan and lease losses $ 0.00 million
Total non interest income $ 0.01 million
Total non interest expense $ 0.56 million
Pre-tax Net Operating Income $ 0.11 million

Bank Loan Profile?

The top three loan types in Belmont Savings Bank, SSB’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in North Carolina, Belmont Savings Bank, SSB 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 91.70
Multifamily
Mortgages
1.07
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 6.39
Commercial Real Estate 1.83
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Belmont Savings Bank, Ssb

Branches and Savings

Is Belmont Savings Bank, Ssb FDIC insured?

Yes. It is covered under FDIC Certificate #28035.

Why does Belmont Savings Bank, Ssb pay such low interest on savings accounts?

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

Why are Belmont Savings Bank, Ssb CD rates not competitive?

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

Is Belmont Savings Bank, Ssb a commercial bank?

Yes

Where are Belmont Savings Bank, Ssb locations?

See branch locations nearby.

Is Belmont Savings Bank, Ssb open on Saturdays?

Is Belmont Savings Bank, Ssb open on Sundays?

What time does Belmont Savings Bank, Ssb open?

What time does Belmont Savings Bank, Ssb close?

Are Belmont Savings Bank, Ssb ATMs Open 24/7?

Do Belmont Savings Bank, Ssb ATMs accept cash deposits?

Can Belmont Savings Bank, Ssb customers use other ATMs?

Do Belmont Savings Bank, Ssb branches have notaries?

Will Belmont Savings Bank, Ssb notarize my document?

What address for Belmont Savings Bank, Ssb should I put for incoming ACH transfers?

Will the Belmont Savings Bank, Ssb branch print checks?

Do Belmont Savings Bank, Ssb checks expire?

Does Belmont Savings Bank, Ssb require US citizenship to open account?

Can Belmont Savings Bank, Ssb close my account?

Does Belmont Savings Bank, Ssb Report to credit bureaus?

Does Belmont Savings Bank, Ssb Use Equifax?

What is Belmont Savings Bank, Ssb's ACH Routing Number?

What is Belmont Savings Bank, Ssb's SWIFT code?

Products

Does Belmont Savings Bank, Ssb offer mortgages?

Compare mortgage rates here.

Does Belmont Savings Bank, Ssb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Belmont Savings Bank, Ssb offer personal loans?

Compare personal loan rates here.

Does Belmont Savings Bank, Ssb offer student loans?

Will Belmont Savings Bank, Ssb cash a check?

Will Belmont Savings Bank, Ssb redeem a savings bond?

Does Belmont Savings Bank, Ssb cash savings bonds?

Will Belmont Savings Bank, Ssb cash money orders?

Can Belmont Savings Bank, Ssb issue a money order?

Does Belmont Savings Bank, Ssb do currency exchange?

Background on The Bank

Who owns Belmont Savings Bank, Ssb?

How long has Belmont Savings Bank, Ssb been around?

Can Belmont Savings Bank, Ssb transfer to other banks?

Does Belmont Savings Bank, Ssb have quick pay?

Does Belmont Savings Bank, Ssb accept rolled coins?

Will Belmont Savings Bank, Ssb accept loose change?

Where is Belmont Savings Bank, Ssb headquarters?

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