Cohutta Banking Company

Headquarters

800 Market Street, Suite 100
Chattanooga, TN 37402
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
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

Cohutta Banking Company is an FDIC insured institution located in Chattanooga, TN. It was founded in 2005 and has approximately $0.38 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57913
Date Established 2005
Assets $ 368.57 million
Loans $ 253.53 million
Deposits $ 315.34 million
Capital $ 35.58 million
 

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

Deposit Rates - October 27, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 27, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Cohutta Banking Company

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
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.674% 2.625% 0.63 $1,595 $1,005 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
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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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
$0 Learn More
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Note to Cohutta Banking Company
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Branches

Cohutta Banking Company 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


Cohutta Banking Company Locations


Financial Details

Cohutta Banking Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cohutta Banking Company. 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
Cohutta Banking Company U.S. Bank Average
6.64% 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, Cohutta Banking Company had $2,775,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $35,577,000 in equity and $6,196,000 in loans loss reserves. That gives it a Texas Ratio of 6.64%.

Return on Equity
Cohutta Banking Company U.S. Bank Average
-11.53% 7.80%

Cohutta Banking Company has a Return on Equity of -11.53% 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
Cohutta Banking Company U.S. Bank Average
9.65% 12.68%

Cohutta Banking Company has a Capitalization of 9.65% 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.

Cohutta Banking Company Balance Sheet Analysis

As of November 30, -0001, Cohutta Banking Company had assets of $376,908,000, loans of $253,534,000, and deposits of $315,339,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 253.53 million
Loan loss allowance $ 6.20 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 $ 315.34 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 $ 368.57 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 Cohutta Banking Company’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Cohutta Banking Company’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 Cohutta Banking Company

Branches and Savings

Is Cohutta Banking Company FDIC insured?

Yes. It is covered under FDIC Certificate #57913.

Why does Cohutta Banking Company pay such low interest on savings accounts?

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

Why are Cohutta Banking Company CD rates not competitive?

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

Is Cohutta Banking Company a commercial bank?

Yes

Where are Cohutta Banking Company locations?

See branch locations nearby.

Is Cohutta Banking Company open on Saturdays?

Is Cohutta Banking Company open on Sundays?

What time does Cohutta Banking Company open?

What time does Cohutta Banking Company close?

Are Cohutta Banking Company ATMs Open 24/7?

Do Cohutta Banking Company ATMs accept cash deposits?

Can Cohutta Banking Company customers use other ATMs?

Do Cohutta Banking Company branches have notaries?

Will Cohutta Banking Company notarize my document?

What address for Cohutta Banking Company should I put for incoming ACH transfers?

Will the Cohutta Banking Company branch print checks?

Do Cohutta Banking Company checks expire?

Does Cohutta Banking Company require US citizenship to open account?

Can Cohutta Banking Company close my account?

Does Cohutta Banking Company Report to credit bureaus?

Does Cohutta Banking Company Use Equifax?

What is Cohutta Banking Company's ACH Routing Number?

What is Cohutta Banking Company's SWIFT code?

Products

Does Cohutta Banking Company offer mortgages?

Compare mortgage rates here.

Does Cohutta Banking Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cohutta Banking Company offer personal loans?

Compare personal loan rates here.

Does Cohutta Banking Company offer student loans?

Will Cohutta Banking Company cash a check?

Will Cohutta Banking Company redeem a savings bond?

Does Cohutta Banking Company cash savings bonds?

Will Cohutta Banking Company cash money orders?

Can Cohutta Banking Company issue a money order?

Does Cohutta Banking Company do currency exchange?

Background on The Bank

Who owns Cohutta Banking Company?

How long has Cohutta Banking Company been around?

Can Cohutta Banking Company transfer to other banks?

Does Cohutta Banking Company have quick pay?

Does Cohutta Banking Company accept rolled coins?

Will Cohutta Banking Company accept loose change?

Where is Cohutta Banking Company headquarters?

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