Cecil Bank

Headquarters

127 North St
Elkton, MD 21921
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.30% 0.91% →
1-Year CD 0.75% 0.85% →
2-Year CD 0.90% 0.95% →
5-Year CD 1.25% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Cecil Bank is an FDIC insured institution located in Elkton, MD. It was founded in 1959 and has approximately $0.18 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 31121
Date Established 1959
Assets $ 184.81 million
Loans $ 75.98 million
Deposits $ 172.33 million
Capital $ 10.90 million
 

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

Deposit Rates - December 3, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.30% $2,500 $4,999 Learn More
Money Market
0.50% $2,500 $2,999 Learn More
Money Market
0.50% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.35% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.75% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
18 Mo CD
0.80% $10,000 $14,999 Learn More
18 Mo CD
0.80% $100,000 $199,999 Learn More
24 Mo CD
0.90% $10,000 $14,999 Learn More
24 Mo CD
0.90% $100,000 $199,999 Learn More
36 Mo CD
0.95% $10,000 $14,999 Learn More
36 Mo CD
0.95% $100,000 $199,999 Learn More
48 Mo CD
1.05% $10,000 $14,999 Learn More
48 Mo CD
1.05% $100,000 $199,999 Learn More
60 Mo CD
1.25% $10,000 $14,999 Learn More
60 Mo CD
1.25% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - December 3, 2020

Your Current Location: Connecticut, CT 06828

Auto Loan Rates APR Rate Monthly Payment
3 Year 3.89% 3.89% $736.88
4 Year 4.02% 4.02% $564.70
5 Year 4.44% 4.44% $465.39

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Cecil 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:
Fairfield,Connecticut


Cecil Bank Locations


Financial Details

Cecil Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cecil 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
Cecil Bank U.S. Bank Average
149.65% 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, Cecil Bank had $280,000 in non-current loans and $17,025,000 in owned real estate. To cover these potential losses it had $10,898,000 in equity and $666,000 in loans loss reserves. That gives it a Texas Ratio of 149.65%.

Return on Equity
Cecil Bank U.S. Bank Average
-17.37% 7.80%

Cecil Bank has a Return on Equity of -17.37% 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
Cecil Bank U.S. Bank Average
5.9% 12.68%

Cecil Bank has a Capitalization of 5.9% 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.

Cecil Bank Balance Sheet Analysis

As of March 31, 2020, Cecil Bank had assets of $184,808,000, loans of $75,984,000, and deposits of $172,332,000. 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 $ 43.09 million
Interest-bearing balances $ 41.74 million
Total securities $ 31.52 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 75.98 million
Loan loss allowance $ 0.67 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 17.03 million
Goodwill and other intangibles N.A.
All other assets $ 12.51 million
     Total Assets $ 173.91 million
LIABILITIES
Total deposits $ 172.33 million
      Interest-bearing deposits $ 145.05 million
      Deposits held in domestic offices $ 172.33 million
      % insured (estimated) 94.18%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1.10 million
Subordinated debt N.A.
All other liabilities $ 0.48 million
      Total Liabilities $ 173.91 million
      Shareholders’ Equity $ 10.90 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.49 million
Total Interest Expense $ 0.56 million
Net interest income $ 0.94 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.16 million
Total non interest expense $ 1.81 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Maryland, Cecil Bank has a significantly higher percent of Small Business Loans, Commercial and Industrial Loans, Farm 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 32.60
Multifamily
Mortgages
2.23
Credit Card Loans 0.00
Consumer Auto Loans 0.24
Small Business Loans 11.82
Construction and Development Loans 3.43
Commercial Real Estate 31.76
Commercial and Industrial Loans 30.06
Farm Loans 0.86

Frequently Asked Questions About Cecil Bank

Branches and Savings

Is Cecil Bank FDIC insured?

Yes. It is covered under FDIC Certificate #31121.

Why does Cecil Bank pay such low interest on savings accounts?

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

Why are Cecil Bank CD rates not competitive?

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

Is Cecil Bank a commercial bank?

Yes

Where are Cecil Bank locations?

See branch locations nearby.

Is Cecil Bank open on Saturdays?

Is Cecil Bank open on Sundays?

What time does Cecil Bank open?

What time does Cecil Bank close?

Are Cecil Bank ATMs Open 24/7?

Do Cecil Bank ATMs accept cash deposits?

Can Cecil Bank customers use other ATMs?

Do Cecil Bank branches have notaries?

Will Cecil Bank notarize my document?

What address for Cecil Bank should I put for incoming ACH transfers?

Will the Cecil Bank branch print checks?

Do Cecil Bank checks expire?

Does Cecil Bank require US citizenship to open account?

Can Cecil Bank close my account?

Does Cecil Bank Report to credit bureaus?

Does Cecil Bank Use Equifax?

What is Cecil Bank's ACH Routing Number?

What is Cecil Bank's SWIFT code?

Products

Does Cecil Bank offer mortgages?

Compare mortgage rates here.

Does Cecil Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cecil Bank offer personal loans?

Compare personal loan rates here.

Does Cecil Bank offer student loans?

Will Cecil Bank cash a check?

Will Cecil Bank redeem a savings bond?

Does Cecil Bank cash savings bonds?

Will Cecil Bank cash money orders?

Can Cecil Bank issue a money order?

Does Cecil Bank do currency exchange?

Background on The Bank

Who owns Cecil Bank?

How long has Cecil Bank been around?

Can Cecil Bank transfer to other banks?

Does Cecil Bank have quick pay?

Does Cecil Bank accept rolled coins?

Will Cecil Bank accept loose change?

Where is Cecil Bank headquarters?

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