Compass Savings Bank

Headquarters

111 Westinghouse Ave
Wilmerding, PA 15148
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
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. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Compass Savings Bank is an FDIC insured institution located in Wilmerding, PA. It was founded in 1934 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 29430
Date Established 1934
Assets $ 49.74 million
Loans $ 37.49 million
Deposits $ 45.16 million
Capital $ 4.51 million
 

For a more detailed analysis of Compass Savings 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: Virginia, VA 20146

 

Loan Rates - December 3, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Compass Savings Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.556% 2.500% 0.75 $1,852 $988 Learn More

Featured - Virginia 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 Compass Savings Bank
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Branches

Compass Savings 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:
Ashburn,Virginia


Compass Savings Bank Locations


Financial Details

Compass Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Compass Savings 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
Compass Savings Bank U.S. Bank Average
3.78% 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, Compass Savings Bank had $17,000 in non-current loans and $164,000 in owned real estate. To cover these potential losses it had $4,514,000 in equity and $277,000 in loans loss reserves. That gives it a Texas Ratio of 3.78%.

Return on Equity
Compass Savings Bank U.S. Bank Average
-10.37% 7.80%

Compass Savings Bank has a Return on Equity of -10.37% 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
Compass Savings Bank U.S. Bank Average
9.07% 12.68%

Compass Savings Bank has a Capitalization of 9.07% 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.

Compass Savings Bank Balance Sheet Analysis

As of March 31, 2020, Compass Savings Bank had assets of $49,743,000, loans of $37,490,000, and deposits of $45,163,000. 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 $ 3.68 million
Interest-bearing balances $ 3.42 million
Total securities $ 5.90 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 37.49 million
Loan loss allowance $ 0.28 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.16 million
Goodwill and other intangibles $ 0.06 million
All other assets $ 1.10 million
     Total Assets $ 45.23 million
LIABILITIES
Total deposits $ 45.16 million
      Interest-bearing deposits $ 41.24 million
      Deposits held in domestic offices $ 45.16 million
      % insured (estimated) 92.44%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.07 million
      Total Liabilities $ 45.23 million
      Shareholders’ Equity $ 4.51 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.39 million
Total Interest Expense $ 0.21 million
Net interest income $ 0.17 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.03 million
Total non interest expense $ 0.32 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Pennsylvania, Compass Savings Bank 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 96.24
Multifamily
Mortgages
0.69
Credit Card Loans 0.00
Consumer Auto Loans 0.52
Small Business Loans 0.00
Construction and Development Loans 1.64
Commercial Real Estate 0.96
Commercial and Industrial Loans 0.22
Farm Loans 0.00

Frequently Asked Questions About Compass Savings Bank

Branches and Savings

Is Compass Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29430.

Why does Compass Savings Bank pay such low interest on savings accounts?

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

Why are Compass Savings Bank CD rates not competitive?

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

Is Compass Savings Bank a commercial bank?

Yes

Where are Compass Savings Bank locations?

See branch locations nearby.

Is Compass Savings Bank open on Saturdays?

Is Compass Savings Bank open on Sundays?

What time does Compass Savings Bank open?

What time does Compass Savings Bank close?

Are Compass Savings Bank ATMs Open 24/7?

Do Compass Savings Bank ATMs accept cash deposits?

Can Compass Savings Bank customers use other ATMs?

Do Compass Savings Bank branches have notaries?

Will Compass Savings Bank notarize my document?

What address for Compass Savings Bank should I put for incoming ACH transfers?

Will the Compass Savings Bank branch print checks?

Do Compass Savings Bank checks expire?

Does Compass Savings Bank require US citizenship to open account?

Can Compass Savings Bank close my account?

Does Compass Savings Bank Report to credit bureaus?

Does Compass Savings Bank Use Equifax?

What is Compass Savings Bank's ACH Routing Number?

What is Compass Savings Bank's SWIFT code?

Products

Does Compass Savings Bank offer mortgages?

Compare mortgage rates here.

Does Compass Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Compass Savings Bank offer personal loans?

Compare personal loan rates here.

Does Compass Savings Bank offer student loans?

Will Compass Savings Bank cash a check?

Will Compass Savings Bank redeem a savings bond?

Does Compass Savings Bank cash savings bonds?

Will Compass Savings Bank cash money orders?

Can Compass Savings Bank issue a money order?

Does Compass Savings Bank do currency exchange?

Background on The Bank

Who owns Compass Savings Bank?

How long has Compass Savings Bank been around?

Can Compass Savings Bank transfer to other banks?

Does Compass Savings Bank have quick pay?

Does Compass Savings Bank accept rolled coins?

Will Compass Savings Bank accept loose change?

Where is Compass Savings Bank headquarters?

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