Blue Grass Federal Savings and Loan Association

Headquarters

600 High St
Paris, KY 40361
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.65% →
1-Year CD N.A. 2.02% →
2-Year CD N.A. 2.87% →
5-Year CD N.A. 3.50% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

Blue Grass Federal Savings and Loan Association is an FDIC insured institution located in Paris, KY. It was founded in 1914 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 31090
Date Established 1914
Assets $ 41.98 million
Loans $ 29.18 million
Deposits $ 28.30 million
Capital $ 8.98 million
 

For a more detailed analysis of Blue Grass Federal Savings and Loan Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 3, 2022

Your Current Location: Virginia, VA 20146

 

Loan Rates - July 3, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Blue Grass Federal Savings and Loan Association

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 2022

Lender APR Rate (%) Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.887% 5.750%
1.00 points
$3,750 fees
$1,459 Learn More
Rocket Mortgage
NMLS ID: 3030
5.750% 5.625%
0.88 points
$3,438 fees
$1,440 Learn More
First Internet Bank
NMLS ID: 424182
5.189% 5.125%
0.75 points
$1,815 fees
$1,362 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
5.354% 5.250%
0.75 points
$2,935 fees
$1,381 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 4.240 %
After Intro: 5.250 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Blue Grass Federal Savings and Loan Association
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Branches

Blue Grass Federal Savings and Loan Association 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


Blue Grass Federal Savings and Loan Association Locations



Climate Initiatives

Blue Grass Federal Savings and Loan Association is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Blue Grass Federal Savings and Loan Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Blue Grass Federal Savings and Loan Association. 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
Blue Grass Federal Savings and Loan Association U.S. Bank Average
0.16% 3.95%

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, 2021, Blue Grass Federal Savings and Loan Association had $0 in non-current loans and $15,000 in owned real estate. To cover these potential losses it had $8,984,000 in equity and $272,000 in loans loss reserves. That gives it a Texas Ratio of 0.16%.

Return on Equity
Blue Grass Federal Savings and Loan Association U.S. Bank Average
1.48% 10.50%

Blue Grass Federal Savings and Loan Association has a Return on Equity of 1.48% versus the BestCashCow average of 10.50%. 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
Blue Grass Federal Savings and Loan Association U.S. Bank Average
21.4% 11.55%

Blue Grass Federal Savings and Loan Association has a Capitalization of 21.4% versus the BestCashCow average of 11.55. 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.

Blue Grass Federal Savings and Loan Association Balance Sheet Analysis

As of December 31, 2021, Blue Grass Federal Savings and Loan Association had assets of $41,978,000, loans of $29,180,000, and deposits of $28,303,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 4.00 million
Interest-bearing balances $ 3.49 million
Total securities $ 6.12 million
Federal funds sold and reverse repurchase $ 0.53 million
Net loans and leases $ 29.18 million
Loan loss allowance $ 0.27 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.02 million
Goodwill and other intangibles $ 0.45 million
All other assets $ 0.90 million
     Total Assets $ 32.99 million
LIABILITIES
Total deposits $ 28.30 million
      Interest-bearing deposits $ 26.57 million
      Deposits held in domestic offices $ 28.30 million
      % insured (estimated) 91.21%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 4.50 million
Subordinated debt N.A.
All other liabilities $ 0.19 million
      Total Liabilities $ 32.99 million
      Shareholders’ Equity $ 8.98 million

Summary Income Statement

December 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 1.44 million
Total Interest Expense $ 0.14 million
Net interest income $ 1.30 million
Provision for loan and lease losses $ 0.06 million
Total non interest income $ 0.06 million
Total non interest expense $ 1.13 million
Pre-tax Net Operating Income $ 0.17 million

Bank Loan Profile?

The top three loan types in Blue Grass Federal Savings and Loan Association’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Kentucky, Blue Grass Federal Savings and Loan Association 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 70.90
Multifamily
Mortgages
4.10
Credit Card Loans 0.00
Consumer Auto Loans 0.57
Small Business Loans 5.47
Construction and Development Loans 3.31
Commercial Real Estate 5.47
Commercial and Industrial Loans 10.43
Farm Loans 0.00

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