Cottonport Bank

Headquarters

942 Bryan Street
Cottonport, LA 71327
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.30% 1.01% →
2-Year CD 0.40% 0.95% →
5-Year CD 0.65% 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

Cottonport Bank is an FDIC insured institution located in Cottonport, LA. It was founded in 1902 and has approximately $0.39 billion in assets. Customers can open an account at one of its 13 branches.

FDIC Insured Yes
FDIC Certificate # 8798
Date Established 1902
Assets $ 393.11 million
Loans $ 236.13 million
Deposits $ 344.81 million
Capital $ 47.00 million
 

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

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
30 Mo CD
0.45% $10,000 $14,999 Learn More
30 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.55% $10,000 $14,999 Learn More
36 Mo CD
0.55% $100,000 $199,999 Learn More
48 Mo CD
0.60% $10,000 $14,999 Learn More
48 Mo CD
0.60% $100,000 $199,999 Learn More
60 Mo CD
0.65% $10,000 $14,999 Learn More
60 Mo CD
0.65% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.75% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Cottonport Bank

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




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

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

Branches

Cottonport 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:
Seattle,Washington


Cottonport Bank Locations


Financial Details

Cottonport Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cottonport 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
Cottonport Bank U.S. Bank Average
8.97% 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, Cottonport Bank had $4,003,000 in non-current loans and $543,000 in owned real estate. To cover these potential losses it had $47,002,000 in equity and $3,660,000 in loans loss reserves. That gives it a Texas Ratio of 8.97%.

Return on Equity
Cottonport Bank U.S. Bank Average
4.07% 7.80%

Cottonport Bank has a Return on Equity of 4.07% 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
Cottonport Bank U.S. Bank Average
11.96% 12.68%

Cottonport Bank has a Capitalization of 11.96% 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.

Cottonport Bank Balance Sheet Analysis

As of March 31, 2020, Cottonport Bank had assets of $393,112,000, loans of $236,129,000, and deposits of $344,809,000. 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 $ 96.99 million
Interest-bearing balances $ 79.37 million
Total securities $ 47.10 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 236.13 million
Loan loss allowance $ 3.66 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.54 million
Goodwill and other intangibles $ 0.32 million
All other assets $ 3.84 million
     Total Assets $ 346.11 million
LIABILITIES
Total deposits $ 344.81 million
      Interest-bearing deposits $ 215.18 million
      Deposits held in domestic offices $ 344.81 million
      % insured (estimated) 76.84%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.30 million
      Total Liabilities $ 346.11 million
      Shareholders’ Equity $ 47.00 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.04 million
Total Interest Expense $ 0.62 million
Net interest income $ 3.42 million
Provision for loan and lease losses $ 0.70 million
Total non interest income $ 1.22 million
Total non interest expense $ 3.30 million
Pre-tax Net Operating Income $ 0.64 million

Bank Loan Profile?

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

Compared to other banks, Cottonport Bank’s loan portfolio does not show any specific loan specialty.

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 26.15
Multifamily
Mortgages
3.12
Credit Card Loans 0.00
Consumer Auto Loans 0.68
Small Business Loans 0.00
Construction and Development Loans 15.19
Commercial Real Estate 32.67
Commercial and Industrial Loans 9.66
Farm Loans 5.06

Frequently Asked Questions About Cottonport Bank

Branches and Savings

Is Cottonport Bank FDIC insured?

Yes. It is covered under FDIC Certificate #8798.

Why does Cottonport Bank pay such low interest on savings accounts?

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

Why are Cottonport Bank CD rates not competitive?

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

Is Cottonport Bank a commercial bank?

Yes

Where are Cottonport Bank locations?

See branch locations nearby.

Is Cottonport Bank open on Saturdays?

Is Cottonport Bank open on Sundays?

What time does Cottonport Bank open?

What time does Cottonport Bank close?

Are Cottonport Bank ATMs Open 24/7?

Do Cottonport Bank ATMs accept cash deposits?

Can Cottonport Bank customers use other ATMs?

Do Cottonport Bank branches have notaries?

Will Cottonport Bank notarize my document?

What address for Cottonport Bank should I put for incoming ACH transfers?

Will the Cottonport Bank branch print checks?

Do Cottonport Bank checks expire?

Does Cottonport Bank require US citizenship to open account?

Can Cottonport Bank close my account?

Does Cottonport Bank Report to credit bureaus?

Does Cottonport Bank Use Equifax?

What is Cottonport Bank's ACH Routing Number?

What is Cottonport Bank's SWIFT code?

Products

Does Cottonport Bank offer mortgages?

Compare mortgage rates here.

Does Cottonport Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cottonport Bank offer personal loans?

Compare personal loan rates here.

Does Cottonport Bank offer student loans?

Will Cottonport Bank cash a check?

Will Cottonport Bank redeem a savings bond?

Does Cottonport Bank cash savings bonds?

Will Cottonport Bank cash money orders?

Can Cottonport Bank issue a money order?

Does Cottonport Bank do currency exchange?

Background on The Bank

Who owns Cottonport Bank?

How long has Cottonport Bank been around?

Can Cottonport Bank transfer to other banks?

Does Cottonport Bank have quick pay?

Does Cottonport Bank accept rolled coins?

Will Cottonport Bank accept loose change?

Where is Cottonport Bank headquarters?

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