Cottage Savings Bank


9813 Montgomery Road
Montgomery, OH 45242
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Cottage Savings Bank is an FDIC insured institution located in Montgomery, OH. It was founded in 2001 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57089
Date Established 2001
Assets $ 41.36 million
Loans $ 25.99 million
Deposits $ 29.91 million
Capital $ 7.58 million

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

Deposit Rates - September 18, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - September 18, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Cottage Savings 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 2021

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

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


Cottage 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:

Cottage Savings Bank Locations

Financial Details

Cottage Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cottage Savings Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Cottage Savings Bank U.S. Bank Average
3% 5.29%

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, 2021, Cottage Savings Bank had $0 in non-current loans and $235,000 in owned real estate. To cover these potential losses it had $7,584,000 in equity and $240,000 in loans loss reserves. That gives it a Texas Ratio of 3%.

Return on Equity
Cottage Savings Bank U.S. Bank Average
2.99% 11.43%

Cottage Savings Bank has a Return on Equity of 2.99% versus the BestCashCow average of 11.43%. 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.

Cottage Savings Bank U.S. Bank Average
18.34% 11.51%

Cottage Savings Bank has a Capitalization of 18.34% versus the BestCashCow average of 11.51. 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.

Cottage Savings Bank Balance Sheet Analysis

As of September 30, 2012, Cottage Savings Bank had assets of $41,355,000, loans of $25,987,000, and deposits of $29,909,000. 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, 2021
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 $ 25.99 million
Loan loss allowance $ 0.24 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.24 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 29.91 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 $ 41.36 million

Summary Income Statement

March 31, 2021
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 Cottage Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Ohio, Cottage Savings Bank has a significantly higher percent of Multifamily Mortgages, 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 58.97
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 14.01
Construction and Development Loans 1.98
Commercial Real Estate 24.65
Commercial and Industrial Loans 4.47
Farm Loans 0.00

Frequently Asked Questions About Cottage Savings Bank

Branches and Savings

Is Cottage Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57089.

Why does Cottage 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 Cottage Savings Bank CD rates not competitive?

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

Is Cottage Savings Bank a commercial bank?


Where are Cottage Savings Bank locations?

See branch locations nearby.

Is Cottage Savings Bank open on Saturdays?

Is Cottage Savings Bank open on Sundays?

What time does Cottage Savings Bank open?

What time does Cottage Savings Bank close?

Are Cottage Savings Bank ATMs Open 24/7?

Do Cottage Savings Bank ATMs accept cash deposits?

Can Cottage Savings Bank customers use other ATMs?

Do Cottage Savings Bank branches have notaries?

Will Cottage Savings Bank notarize my document?

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

Will the Cottage Savings Bank branch print checks?

Do Cottage Savings Bank checks expire?

Does Cottage Savings Bank require US citizenship to open account?

Can Cottage Savings Bank close my account?

Does Cottage Savings Bank Report to credit bureaus?

Does Cottage Savings Bank Use Equifax?

What is Cottage Savings Bank's ACH Routing Number?

What is Cottage Savings Bank's SWIFT code?


Does Cottage Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Cottage Savings Bank offer personal loans?

Compare personal loan rates here.

Does Cottage Savings Bank offer student loans?

Will Cottage Savings Bank cash a check?

Will Cottage Savings Bank redeem a savings bond?

Does Cottage Savings Bank cash savings bonds?

Will Cottage Savings Bank cash money orders?

Can Cottage Savings Bank issue a money order?

Does Cottage Savings Bank do currency exchange?

Background on The Bank

Who owns Cottage Savings Bank?

How long has Cottage Savings Bank been around?

Can Cottage Savings Bank transfer to other banks?

Does Cottage Savings Bank have quick pay?

Does Cottage Savings Bank accept rolled coins?

Will Cottage Savings Bank accept loose change?

Where is Cottage Savings Bank headquarters?

Customer Reviews for Cottage Savings Bank

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

Add Your Review

Rate it here →