Connecticut River Bank, National Association

Headquarters

242 River Street
Springfield, VT 05156
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

Connecticut River Bank, National Association is an FDIC insured institution located in Springfield, VT. It was founded in 1864 and has approximately $0.28 billion in assets.

FDIC Insured Yes
FDIC Certificate # 6209
Date Established 1864
Assets $ 279.75 million
Loans $ 175.71 million
Deposits $ 254.83 million
Capital $ 21.36 million
 

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

Deposit Rates - October 28, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Connecticut River Bank, National Association

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
2.669% 2.625% 0.63 $1,450 $1,005 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.539% 2.500% 0.50 $1,304 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.500 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Connecticut River Bank, National Association
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Connecticut River Bank, National Association 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


Connecticut River Bank, National Association Locations


Financial Details

Connecticut River Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Connecticut River Bank, National Association. 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
Connecticut River Bank, National Association U.S. Bank Average
15.13% 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, Connecticut River Bank, National Association had $3,132,000 in non-current loans and $345,000 in owned real estate. To cover these potential losses it had $21,362,000 in equity and $1,615,000 in loans loss reserves. That gives it a Texas Ratio of 15.13%.

Return on Equity
Connecticut River Bank, National Association U.S. Bank Average
2.5% 7.80%

Connecticut River Bank, National Association has a Return on Equity of 2.5% 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
Connecticut River Bank, National Association U.S. Bank Average
7.64% 12.68%

Connecticut River Bank, National Association has a Capitalization of 7.64% 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.

Connecticut River Bank, National Association Balance Sheet Analysis

As of June 30, 2014, Connecticut River Bank, National Association had assets of $279,748,000, loans of $175,709,000, and deposits of $254,832,000. 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 $ 175.71 million
Loan loss allowance $ 1.62 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.35 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 254.83 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 $ 279.75 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 Connecticut River Bank, National Association’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Vermont, Connecticut River Bank, National Association has a significantly higher percent of Small Business Loans, Commercial and Industrial 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 42.73
Multifamily
Mortgages
2.99
Credit Card Loans 0.00
Consumer Auto Loans 0.17
Small Business Loans 24.53
Construction and Development Loans 1.94
Commercial Real Estate 32.50
Commercial and Industrial Loans 17.10
Farm Loans 0.00

Frequently Asked Questions About Connecticut River Bank, National Association

Branches and Savings

Is Connecticut River Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #6209.

Why does Connecticut River Bank, National Association pay such low interest on savings accounts?

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

Why are Connecticut River Bank, National Association CD rates not competitive?

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

Is Connecticut River Bank, National Association a commercial bank?

Yes

Where are Connecticut River Bank, National Association locations?

See branch locations nearby.

Is Connecticut River Bank, National Association open on Saturdays?

Is Connecticut River Bank, National Association open on Sundays?

What time does Connecticut River Bank, National Association open?

What time does Connecticut River Bank, National Association close?

Are Connecticut River Bank, National Association ATMs Open 24/7?

Do Connecticut River Bank, National Association ATMs accept cash deposits?

Can Connecticut River Bank, National Association customers use other ATMs?

Do Connecticut River Bank, National Association branches have notaries?

Will Connecticut River Bank, National Association notarize my document?

What address for Connecticut River Bank, National Association should I put for incoming ACH transfers?

Will the Connecticut River Bank, National Association branch print checks?

Do Connecticut River Bank, National Association checks expire?

Does Connecticut River Bank, National Association require US citizenship to open account?

Can Connecticut River Bank, National Association close my account?

Does Connecticut River Bank, National Association Report to credit bureaus?

Does Connecticut River Bank, National Association Use Equifax?

What is Connecticut River Bank, National Association's ACH Routing Number?

What is Connecticut River Bank, National Association's SWIFT code?

Products

Does Connecticut River Bank, National Association offer mortgages?

Compare mortgage rates here.

Does Connecticut River Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Connecticut River Bank, National Association offer personal loans?

Compare personal loan rates here.

Does Connecticut River Bank, National Association offer student loans?

Will Connecticut River Bank, National Association cash a check?

Will Connecticut River Bank, National Association redeem a savings bond?

Does Connecticut River Bank, National Association cash savings bonds?

Will Connecticut River Bank, National Association cash money orders?

Can Connecticut River Bank, National Association issue a money order?

Does Connecticut River Bank, National Association do currency exchange?

Background on The Bank

Who owns Connecticut River Bank, National Association?

How long has Connecticut River Bank, National Association been around?

Can Connecticut River Bank, National Association transfer to other banks?

Does Connecticut River Bank, National Association have quick pay?

Does Connecticut River Bank, National Association accept rolled coins?

Will Connecticut River Bank, National Association accept loose change?

Where is Connecticut River Bank, National Association headquarters?

Customer Reviews for Connecticut River Bank, National Association

There are currently no comments for Connecticut River Bank, National Association. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →