Black Mountain Savings Bank, SSB

Headquarters

200 E State Street
Black Mountain, NC 28711
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.15% 1.15% →
2-Year CD 0.30% 1.26% →
5-Year CD N.A. 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Black Mountain Savings Bank, SSB is an FDIC insured institution located in Black Mountain, NC. It was founded in 1923 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 27897
Date Established 1923
Assets $ 40.79 million
Loans $ 27.73 million
Deposits $ 35.14 million
Capital $ 5.14 million
 

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

Deposit Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $100 - Learn More
Money Market
0.05% $1,000 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $1,000 - Learn More
6 Mo CD
0.15% $1,000 - Learn More
12 Mo CD
0.15% $1,000 - Learn More
18 Mo CD
0.15% $1,000 - Learn More
24 Mo CD
0.30% $1,000 - Learn More
30 Mo CD
0.30% $1,000 - Learn More
36 Mo CD
0.50% $1,000 - Learn More
48 Mo CD
0.60% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.15% $1,000 - Learn MoreShow Less

Loan Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

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

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
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Black Mountain Savings Bank, SSB
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Branches

Black Mountain 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:
Fairfield,Connecticut


Black Mountain Savings Bank, SSB Locations


Financial Details

Black Mountain Savings Bank, SSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Black Mountain 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
Black Mountain Savings Bank, SSB U.S. Bank Average
0% 6.51%

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 December 31, 2019, Black Mountain Savings Bank, SSB had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,143,000 in equity and $42,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Black Mountain Savings Bank, SSB U.S. Bank Average
1.35% 9.41%

Black Mountain Savings Bank, SSB has a Return on Equity of 1.35% versus the BestCashCow average of 9.41%. 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
Black Mountain Savings Bank, SSB U.S. Bank Average
12.61% 12.82%

Black Mountain Savings Bank, SSB has a Capitalization of 12.61% versus the BestCashCow average of 12.82. 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.

Black Mountain Savings Bank, SSB Balance Sheet Analysis

As of December 31, 2019, Black Mountain Savings Bank, SSB had assets of $40,793,000, loans of $27,734,000, and deposits of $35,139,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 12.68 million
Interest-bearing balances $ 12.43 million
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 27.73 million
Loan loss allowance $ 0.04 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 $ 0.17 million
     Total Assets $ 35.65 million
LIABILITIES
Total deposits $ 35.14 million
      Interest-bearing deposits $ 35.14 million
      Deposits held in domestic offices $ 35.14 million
      % insured (estimated) 96.41%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.51 million
      Total Liabilities $ 35.65 million
      Shareholders’ Equity $ 5.14 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 1.61 million
Total Interest Expense $ 0.52 million
Net interest income $ 1.09 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.02 million
Total non interest expense $ 1.03 million
Pre-tax Net Operating Income $ 0.09 million

Bank Loan Profile?

The top three loan types in Black Mountain Savings Bank, SSB’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Small Business Loans.

Compared to other banks in North Carolina, Black Mountain 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 94.70
Multifamily
Mortgages
0.06
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.51
Construction and Development Loans 2.62
Commercial Real Estate 1.51
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Black Mountain Savings Bank, Ssb

Branches and Savings

Is Black Mountain Savings Bank, Ssb FDIC insured?

Yes. It is covered under FDIC Certificate #27897.

Why does Black Mountain 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 Black Mountain Savings Bank, Ssb CD rates not competitive?

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

Is Black Mountain Savings Bank, Ssb a commercial bank?

Yes

Where are Black Mountain Savings Bank, Ssb locations?

See branch locations nearby.

Is Black Mountain Savings Bank, Ssb open on Saturdays?

Is Black Mountain Savings Bank, Ssb open on Sundays?

What time does Black Mountain Savings Bank, Ssb open?

What time does Black Mountain Savings Bank, Ssb close?

Are Black Mountain Savings Bank, Ssb ATMs Open 24/7?

Do Black Mountain Savings Bank, Ssb ATMs accept cash deposits?

Can Black Mountain Savings Bank, Ssb customers use other ATMs?

Do Black Mountain Savings Bank, Ssb branches have notaries?

Will Black Mountain Savings Bank, Ssb notarize my document?

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

Will the Black Mountain Savings Bank, Ssb branch print checks?

Do Black Mountain Savings Bank, Ssb checks expire?

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

Can Black Mountain Savings Bank, Ssb close my account?

Does Black Mountain Savings Bank, Ssb Report to credit bureaus?

Does Black Mountain Savings Bank, Ssb Use Equifax?

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

What is Black Mountain Savings Bank, Ssb's SWIFT code?

Products

Does Black Mountain Savings Bank, Ssb offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Black Mountain Savings Bank, Ssb offer personal loans?

Compare personal loan rates here.

Does Black Mountain Savings Bank, Ssb offer student loans?

Will Black Mountain Savings Bank, Ssb cash a check?

Will Black Mountain Savings Bank, Ssb redeem a savings bond?

Does Black Mountain Savings Bank, Ssb cash savings bonds?

Will Black Mountain Savings Bank, Ssb cash money orders?

Can Black Mountain Savings Bank, Ssb issue a money order?

Does Black Mountain Savings Bank, Ssb do currency exchange?

Background on The Bank

Who owns Black Mountain Savings Bank, Ssb?

How long has Black Mountain Savings Bank, Ssb been around?

Can Black Mountain Savings Bank, Ssb transfer to other banks?

Does Black Mountain Savings Bank, Ssb have quick pay?

Does Black Mountain Savings Bank, Ssb accept rolled coins?

Will Black Mountain Savings Bank, Ssb accept loose change?

Where is Black Mountain Savings Bank, Ssb headquarters?

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