Congaree State Bank

Headquarters

2023 Sunset Boulevard
West Columbia, SC 29169
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

Congaree State Bank is an FDIC insured institution located in West Columbia, SC. It was founded in 2006 and has approximately $0.1 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58301
Date Established 2006
Assets $ 111.67 million
Loans $ 78.56 million
Deposits $ 87.85 million
Capital $ 13.17 million
 

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

Deposit Rates - December 4, 2020

Your Current Location: Connecticut, CT 06828

 

Loan Rates - December 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Congaree State 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
2.556% 2.500% 0.75 $1,852 $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 Congaree State Bank
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Branches

Congaree State 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


Congaree State Bank Locations


Financial Details

Congaree State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Congaree State 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
Congaree State Bank U.S. Bank Average
18.35% 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, Congaree State Bank had $1,302,000 in non-current loans and $1,312,000 in owned real estate. To cover these potential losses it had $13,165,000 in equity and $1,083,000 in loans loss reserves. That gives it a Texas Ratio of 18.35%.

Return on Equity
Congaree State Bank U.S. Bank Average
3.08% 7.80%

Congaree State Bank has a Return on Equity of 3.08% 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
Congaree State Bank U.S. Bank Average
11.79% 12.68%

Congaree State Bank has a Capitalization of 11.79% 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.

Congaree State Bank Balance Sheet Analysis

As of March 31, 2015, Congaree State Bank had assets of $104,905,000, loans of $78,560,000, and deposits of $87,848,000. 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 $ 78.56 million
Loan loss allowance $ 1.08 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.31 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 87.85 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 $ 111.67 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 Congaree State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in South Carolina, Congaree State Bank has a significantly higher percent of Small Business 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 35.88
Multifamily
Mortgages
2.10
Credit Card Loans 0.00
Consumer Auto Loans 0.82
Small Business Loans 28.47
Construction and Development Loans 11.23
Commercial Real Estate 34.80
Commercial and Industrial Loans 13.22
Farm Loans 0.77

Frequently Asked Questions About Congaree State Bank

Branches and Savings

Is Congaree State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58301.

Why does Congaree State Bank pay such low interest on savings accounts?

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

Why are Congaree State Bank CD rates not competitive?

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

Is Congaree State Bank a commercial bank?

Yes

Where are Congaree State Bank locations?

See branch locations nearby.

Is Congaree State Bank open on Saturdays?

Is Congaree State Bank open on Sundays?

What time does Congaree State Bank open?

What time does Congaree State Bank close?

Are Congaree State Bank ATMs Open 24/7?

Do Congaree State Bank ATMs accept cash deposits?

Can Congaree State Bank customers use other ATMs?

Do Congaree State Bank branches have notaries?

Will Congaree State Bank notarize my document?

What address for Congaree State Bank should I put for incoming ACH transfers?

Will the Congaree State Bank branch print checks?

Do Congaree State Bank checks expire?

Does Congaree State Bank require US citizenship to open account?

Can Congaree State Bank close my account?

Does Congaree State Bank Report to credit bureaus?

Does Congaree State Bank Use Equifax?

What is Congaree State Bank's ACH Routing Number?

What is Congaree State Bank's SWIFT code?

Products

Does Congaree State Bank offer mortgages?

Compare mortgage rates here.

Does Congaree State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Congaree State Bank offer personal loans?

Compare personal loan rates here.

Does Congaree State Bank offer student loans?

Will Congaree State Bank cash a check?

Will Congaree State Bank redeem a savings bond?

Does Congaree State Bank cash savings bonds?

Will Congaree State Bank cash money orders?

Can Congaree State Bank issue a money order?

Does Congaree State Bank do currency exchange?

Background on The Bank

Who owns Congaree State Bank?

How long has Congaree State Bank been around?

Can Congaree State Bank transfer to other banks?

Does Congaree State Bank have quick pay?

Does Congaree State Bank accept rolled coins?

Will Congaree State Bank accept loose change?

Where is Congaree State Bank headquarters?

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