Colonial Savings, F.A.

Headquarters

2626c West Freeway
Fort Worth, TX 76102
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.25% 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD 0.40% 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Colonial Savings, F.A. is an FDIC insured institution located in Fort Worth, TX. It was founded in 1962 and has approximately $1.05 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 31361
Date Established 1962
Assets $ 1,052.37 million
Loans $ 565.78 million
Deposits $ 769.78 million
Capital $ 229.75 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
36 Mo CD
0.35% $10,000 $14,999 Learn More
36 Mo CD
0.35% $100,000 $199,999 Learn More
60 Mo CD
0.40% $10,000 $14,999 Learn More
60 Mo CD
0.40% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.40% $1 $99 Learn MoreShow Less
Int Ckg
0.40% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Colonial Savings, F.A.

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
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 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
2.990 %
$0 Learn More
More Info

Note to Colonial Savings, F.A.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Colonial Savings, F.A. 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


Colonial Savings, F.A. Locations


Financial Details

Colonial Savings, F.A. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Colonial Savings, F.A.. 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
Colonial Savings, F.A. U.S. Bank Average
28.58% 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, Colonial Savings, F.A. had $66,361,000 in non-current loans and $615,000 in owned real estate. To cover these potential losses it had $229,750,000 in equity and $4,560,000 in loans loss reserves. That gives it a Texas Ratio of 28.58%.

Return on Equity
Colonial Savings, F.A. U.S. Bank Average
-41.37% 7.80%

Colonial Savings, F.A. has a Return on Equity of -41.37% 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
Colonial Savings, F.A. U.S. Bank Average
21.83% 12.68%

Colonial Savings, F.A. has a Capitalization of 21.83% 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.

Colonial Savings, F.A. Balance Sheet Analysis

As of March 31, 2020, Colonial Savings, F.A. had assets of $1,052,372,000, loans of $565,777,000, and deposits of $769,783,000. 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 $ 22.88 million
Interest-bearing balances $ 16.35 million
Total securities $ 207.17 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 565.78 million
Loan loss allowance $ 4.56 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.62 million
Goodwill and other intangibles $ 194.22 million
All other assets $ 50.24 million
     Total Assets $ 822.62 million
LIABILITIES
Total deposits $ 769.78 million
      Interest-bearing deposits $ 193.93 million
      Deposits held in domestic offices $ 769.78 million
      % insured (estimated) 97.16%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 31.33 million
Subordinated debt N.A.
All other liabilities $ 21.51 million
      Total Liabilities $ 822.62 million
      Shareholders’ Equity $ 229.75 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 9.89 million
Total Interest Expense $ 0.87 million
Net interest income $ 9.02 million
Provision for loan and lease losses $ 0.05 million
Total non interest income N.A.
Total non interest expense $ 23.45 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Colonial Savings, F.A.’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Texas, Colonial Savings, F.A. 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 85.39
Multifamily
Mortgages
0.06
Credit Card Loans 0.00
Consumer Auto Loans 0.17
Small Business Loans 2.01
Construction and Development Loans 8.74
Commercial Real Estate 4.41
Commercial and Industrial Loans 1.75
Farm Loans 0.00

Frequently Asked Questions About Colonial Savings, F.a.

Branches and Savings

Is Colonial Savings, F.a. FDIC insured?

Yes. It is covered under FDIC Certificate #31361.

Why does Colonial Savings, F.a. pay such low interest on savings accounts?

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

Why are Colonial Savings, F.a. CD rates not competitive?

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

Is Colonial Savings, F.a. a commercial bank?

Yes

Where are Colonial Savings, F.a. locations?

See branch locations nearby.

Is Colonial Savings, F.a. open on Saturdays?

Is Colonial Savings, F.a. open on Sundays?

What time does Colonial Savings, F.a. open?

What time does Colonial Savings, F.a. close?

Are Colonial Savings, F.a. ATMs Open 24/7?

Do Colonial Savings, F.a. ATMs accept cash deposits?

Can Colonial Savings, F.a. customers use other ATMs?

Do Colonial Savings, F.a. branches have notaries?

Will Colonial Savings, F.a. notarize my document?

What address for Colonial Savings, F.a. should I put for incoming ACH transfers?

Will the Colonial Savings, F.a. branch print checks?

Do Colonial Savings, F.a. checks expire?

Does Colonial Savings, F.a. require US citizenship to open account?

Can Colonial Savings, F.a. close my account?

Does Colonial Savings, F.a. Report to credit bureaus?

Does Colonial Savings, F.a. Use Equifax?

What is Colonial Savings, F.a.'s ACH Routing Number?

What is Colonial Savings, F.a.'s SWIFT code?

Products

Does Colonial Savings, F.a. offer mortgages?

Compare mortgage rates here.

Does Colonial Savings, F.a. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Colonial Savings, F.a. offer personal loans?

Compare personal loan rates here.

Does Colonial Savings, F.a. offer student loans?

Will Colonial Savings, F.a. cash a check?

Will Colonial Savings, F.a. redeem a savings bond?

Does Colonial Savings, F.a. cash savings bonds?

Will Colonial Savings, F.a. cash money orders?

Can Colonial Savings, F.a. issue a money order?

Does Colonial Savings, F.a. do currency exchange?

Background on The Bank

Who owns Colonial Savings, F.a.?

How long has Colonial Savings, F.a. been around?

Can Colonial Savings, F.a. transfer to other banks?

Does Colonial Savings, F.a. have quick pay?

Does Colonial Savings, F.a. accept rolled coins?

Will Colonial Savings, F.a. accept loose change?

Where is Colonial Savings, F.a. headquarters?

Customer Reviews for Colonial Savings, F.A.


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