Celtic Bank

Headquarters

268 South State Street, Suite 300
Salt Lake City, UT 84111
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 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

Celtic Bank is an FDIC insured institution located in Salt Lake City, UT. It was founded in 2001 and has approximately $1.19 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57056
Date Established 2001
Assets $ 1,189.35 million
Loans $ 761.40 million
Deposits $ 782.34 million
Capital $ 200.37 million
 

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

Deposit Rates - October 19, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 19, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Celtic Bank

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
2.574% 2.500% 1.00 $2,445 $988 Learn More

Featured - Connecticut 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 Celtic Bank
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Branches

Celtic 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


Celtic Bank Locations


Financial Details

Celtic Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Celtic 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
Celtic Bank U.S. Bank Average
5.87% 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, Celtic Bank had $11,363,000 in non-current loans and $1,423,000 in owned real estate. To cover these potential losses it had $200,368,000 in equity and $17,562,000 in loans loss reserves. That gives it a Texas Ratio of 5.87%.

Return on Equity
Celtic Bank U.S. Bank Average
16.37% 7.80%

Celtic Bank has a Return on Equity of 16.37% 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
Celtic Bank U.S. Bank Average
16.85% 12.68%

Celtic Bank has a Capitalization of 16.85% 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.

Celtic Bank Balance Sheet Analysis

As of March 31, 2020, Celtic Bank had assets of $1,189,347,000, loans of $761,404,000, and deposits of $782,339,000. 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 $ 220.14 million
Interest-bearing balances $ 213.84 million
Total securities $ 5.91 million
Federal funds sold and reverse repurchase $ 107.65 million
Net loans and leases $ 761.40 million
Loan loss allowance $ 17.56 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.42 million
Goodwill and other intangibles $ 24.50 million
All other assets $ 43.84 million
     Total Assets $ 988.98 million
LIABILITIES
Total deposits $ 782.34 million
      Interest-bearing deposits $ 720.71 million
      Deposits held in domestic offices $ 782.34 million
      % insured (estimated) 88.66%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 196.90 million
Subordinated debt N.A.
All other liabilities $ 9.74 million
      Total Liabilities $ 988.98 million
      Shareholders’ Equity $ 200.37 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 19.33 million
Total Interest Expense $ 3.98 million
Net interest income $ 15.35 million
Provision for loan and lease losses $ 7.05 million
Total non interest income $ 17.44 million
Total non interest expense $ 15.04 million
Pre-tax Net Operating Income $ 10.70 million

Bank Loan Profile?

The top three loan types in Celtic Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Utah, Celtic Bank has a significantly higher percent of Commercial Real Estate 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 0.70
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 5.96
Commercial Real Estate 42.83
Commercial and Industrial Loans 50.09
Farm Loans 0.00

Frequently Asked Questions About Celtic Bank

Branches and Savings

Is Celtic Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57056.

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

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

Why are Celtic Bank CD rates not competitive?

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

Is Celtic Bank a commercial bank?

Yes

Where are Celtic Bank locations?

See branch locations nearby.

Is Celtic Bank open on Saturdays?

Is Celtic Bank open on Sundays?

What time does Celtic Bank open?

What time does Celtic Bank close?

Are Celtic Bank ATMs Open 24/7?

Do Celtic Bank ATMs accept cash deposits?

Can Celtic Bank customers use other ATMs?

Do Celtic Bank branches have notaries?

Will Celtic Bank notarize my document?

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

Will the Celtic Bank branch print checks?

Do Celtic Bank checks expire?

Does Celtic Bank require US citizenship to open account?

Can Celtic Bank close my account?

Does Celtic Bank Report to credit bureaus?

Does Celtic Bank Use Equifax?

What is Celtic Bank's ACH Routing Number?

What is Celtic Bank's SWIFT code?

Products

Does Celtic Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Celtic Bank offer personal loans?

Compare personal loan rates here.

Does Celtic Bank offer student loans?

Will Celtic Bank cash a check?

Will Celtic Bank redeem a savings bond?

Does Celtic Bank cash savings bonds?

Will Celtic Bank cash money orders?

Can Celtic Bank issue a money order?

Does Celtic Bank do currency exchange?

Background on The Bank

Who owns Celtic Bank?

How long has Celtic Bank been around?

Can Celtic Bank transfer to other banks?

Does Celtic Bank have quick pay?

Does Celtic Bank accept rolled coins?

Will Celtic Bank accept loose change?

Where is Celtic Bank headquarters?

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