Corydon State Bank

Headquarters

201 W. Jackson St.
Corydon, IA 50060
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
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

Corydon State Bank is an FDIC insured institution located in Corydon, IA. It was founded in 1926 and has approximately $0.1 billion in assets.

FDIC Insured Yes
FDIC Certificate # 13616
Date Established 1926
Assets $ 102.50 million
Loans $ 75.24 million
Deposits $ 79.44 million
Capital $ 22.89 million
 

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

Deposit Rates - September 26, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 26, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Corydon State 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
2.815% 2.750% 0.88 $2,102 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 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
2.990 %
$0 Learn More
More Info

Note to Corydon State Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Corydon 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:
Ashburn,Virginia


Corydon State Bank Locations


Financial Details

Corydon State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Corydon 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
Corydon State Bank U.S. Bank Average
42.02% 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, Corydon State Bank had $10,821,000 in non-current loans and $346,000 in owned real estate. To cover these potential losses it had $22,890,000 in equity and $3,687,000 in loans loss reserves. That gives it a Texas Ratio of 42.02%.

Return on Equity
Corydon State Bank U.S. Bank Average
10.14% 7.80%

Corydon State Bank has a Return on Equity of 10.14% 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
Corydon State Bank U.S. Bank Average
22.33% 12.68%

Corydon State Bank has a Capitalization of 22.33% 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.

Corydon State Bank Balance Sheet Analysis

As of March 31, 2020, Corydon State Bank had assets of $102,499,000, loans of $75,244,000, and deposits of $79,444,000. 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 $ 4.01 million
Interest-bearing balances $ 0.03 million
Total securities $ 21.13 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 75.24 million
Loan loss allowance $ 3.69 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.35 million
Goodwill and other intangibles $ 0.45 million
All other assets $ 1.23 million
     Total Assets $ 79.61 million
LIABILITIES
Total deposits $ 79.44 million
      Interest-bearing deposits $ 67.77 million
      Deposits held in domestic offices $ 79.44 million
      % insured (estimated) 81.71%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.17 million
      Total Liabilities $ 79.61 million
      Shareholders’ Equity $ 22.89 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.11 million
Total Interest Expense $ 0.29 million
Net interest income $ 0.82 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.05 million
Total non interest expense $ 0.30 million
Pre-tax Net Operating Income $ 0.57 million

Bank Loan Profile?

The top three loan types in Corydon State Bank’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Iowa, Corydon State Bank has a significantly higher percent of Credit Card 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 16.14
Multifamily
Mortgages
0.00
Credit Card Loans 0.30
Consumer Auto Loans 2.35
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 15.22
Commercial and Industrial Loans 12.20
Farm Loans 20.99

Frequently Asked Questions About Corydon State Bank

Branches and Savings

Is Corydon State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #13616.

Why does Corydon 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 Corydon State Bank CD rates not competitive?

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

Is Corydon State Bank a commercial bank?

Yes

Where are Corydon State Bank locations?

See branch locations nearby.

Is Corydon State Bank open on Saturdays?

Is Corydon State Bank open on Sundays?

What time does Corydon State Bank open?

What time does Corydon State Bank close?

Are Corydon State Bank ATMs Open 24/7?

Do Corydon State Bank ATMs accept cash deposits?

Can Corydon State Bank customers use other ATMs?

Do Corydon State Bank branches have notaries?

Will Corydon State Bank notarize my document?

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

Will the Corydon State Bank branch print checks?

Do Corydon State Bank checks expire?

Does Corydon State Bank require US citizenship to open account?

Can Corydon State Bank close my account?

Does Corydon State Bank Report to credit bureaus?

Does Corydon State Bank Use Equifax?

What is Corydon State Bank's ACH Routing Number?

What is Corydon State Bank's SWIFT code?

Products

Does Corydon State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Corydon State Bank offer personal loans?

Compare personal loan rates here.

Does Corydon State Bank offer student loans?

Will Corydon State Bank cash a check?

Will Corydon State Bank redeem a savings bond?

Does Corydon State Bank cash savings bonds?

Will Corydon State Bank cash money orders?

Can Corydon State Bank issue a money order?

Does Corydon State Bank do currency exchange?

Background on The Bank

Who owns Corydon State Bank?

How long has Corydon State Bank been around?

Can Corydon State Bank transfer to other banks?

Does Corydon State Bank have quick pay?

Does Corydon State Bank accept rolled coins?

Will Corydon State Bank accept loose change?

Where is Corydon State Bank headquarters?

Customer Reviews for Corydon State Bank

There are currently no comments for Corydon State Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →