Charter Oak Bank

Headquarters

600 Trancas Street
Napa, CA 94558
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 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

Charter Oak Bank is an FDIC insured institution located in Napa, CA. It was founded in 2004 and has approximately $0.12 billion in assets.

Charter Oak Bank, Napa, California, was closed on February 18, 2011 by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bank of Marin, Novato, California, to assume all of the deposits of Charter Oak Bank.

FDIC Insured Yes
FDIC Certificate # 57855
Date Established 2004
Assets $ 120.83 million
Loans $ 101.30 million
Deposits $ 105.31 million
Capital $ 0.59 million
 

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

Deposit Rates - December 1, 2020

Your Current Location: Connecticut, CT 06828

 

Loan Rates - December 1, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Charter Oak 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
First Internet Bank
NMLS ID: 424182
2.550% 2.500% 0.63 $1,655 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.582% 2.500% 0.88 $2,715 $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
People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to Charter Oak Bank
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Branches

Charter Oak 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


Charter Oak Bank Locations


Financial Details

Charter Oak Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Charter Oak 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
Charter Oak Bank U.S. Bank Average
142.68% 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, Charter Oak Bank had $8,980,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $587,000 in equity and $5,707,000 in loans loss reserves. That gives it a Texas Ratio of 142.68%.

Return on Equity
Charter Oak Bank U.S. Bank Average
-175.57% 7.80%

Charter Oak Bank has a Return on Equity of -175.57% 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
Charter Oak Bank U.S. Bank Average
0.49% 12.68%

Charter Oak Bank has a Capitalization of 0.49% 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.

Charter Oak Bank Balance Sheet Analysis

As of December 31, 2010, Charter Oak Bank had assets of $120,833,000, loans of $101,296,000, and deposits of $105,309,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 101.30 million
Loan loss allowance $ 5.71 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 N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 105.31 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 120.83 million

Summary Income Statement

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

Bank Loan Profile?

The top three loan types in Charter Oak Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Charter Oak Bank’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Charter Oak Bank

Branches and Savings

Is Charter Oak Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57855.

Why does Charter Oak Bank pay such low interest on savings accounts?

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

Why are Charter Oak Bank CD rates not competitive?

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

Is Charter Oak Bank a commercial bank?

Yes

Where are Charter Oak Bank locations?

See branch locations nearby.

Is Charter Oak Bank open on Saturdays?

Is Charter Oak Bank open on Sundays?

What time does Charter Oak Bank open?

What time does Charter Oak Bank close?

Are Charter Oak Bank ATMs Open 24/7?

Do Charter Oak Bank ATMs accept cash deposits?

Can Charter Oak Bank customers use other ATMs?

Do Charter Oak Bank branches have notaries?

Will Charter Oak Bank notarize my document?

What address for Charter Oak Bank should I put for incoming ACH transfers?

Will the Charter Oak Bank branch print checks?

Do Charter Oak Bank checks expire?

Does Charter Oak Bank require US citizenship to open account?

Can Charter Oak Bank close my account?

Does Charter Oak Bank Report to credit bureaus?

Does Charter Oak Bank Use Equifax?

What is Charter Oak Bank's ACH Routing Number?

What is Charter Oak Bank's SWIFT code?

Products

Does Charter Oak Bank offer mortgages?

Compare mortgage rates here.

Does Charter Oak Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Charter Oak Bank offer personal loans?

Compare personal loan rates here.

Does Charter Oak Bank offer student loans?

Will Charter Oak Bank cash a check?

Will Charter Oak Bank redeem a savings bond?

Does Charter Oak Bank cash savings bonds?

Will Charter Oak Bank cash money orders?

Can Charter Oak Bank issue a money order?

Does Charter Oak Bank do currency exchange?

Background on The Bank

Who owns Charter Oak Bank?

How long has Charter Oak Bank been around?

Can Charter Oak Bank transfer to other banks?

Does Charter Oak Bank have quick pay?

Does Charter Oak Bank accept rolled coins?

Will Charter Oak Bank accept loose change?

Where is Charter Oak Bank headquarters?

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