Countybank

Headquarters

419 Main Street
Greenwood, SC 29646
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.03% 0.70% →
1-Year CD 0.10% 0.71% →
2-Year CD 0.20% 0.81% →
5-Year CD 0.92% 1.15% →
30-Year Mortgage 4.11% 2.72% →
15-Year Mortgage 3.51% 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Countybank is an FDIC insured institution located in Greenwood, SC. It was founded in 1933 and has approximately $0.54 billion in assets. Customers can open an account at one of its 11 branches.

FDIC Insured Yes
FDIC Certificate # 9155
Date Established 1933
Assets $ 543.95 million
Loans $ 348.35 million
Deposits $ 462.88 million
Capital $ 42.12 million
 

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

Deposit Rates - January 26, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.03% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.01% $10,000 $14,999 Learn More
Money Market
0.01% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.05% $10,000 $14,999 Learn More
6 Mo CD
0.05% $100,000 $199,999 Learn More
12 Mo CD
0.10% $10,000 $14,999 Learn More
12 Mo CD
0.10% $100,000 $199,999 Learn More
18 Mo CD
0.12% $10,000 $14,999 Learn More
18 Mo CD
0.12% $100,000 $199,999 Learn More
24 Mo CD
0.20% $10,000 $14,999 Learn More
24 Mo CD
0.20% $100,000 $199,999 Learn More
30 Mo CD
0.21% $10,000 $14,999 Learn More
30 Mo CD
0.21% $100,000 $199,999 Learn More
36 Mo CD
0.41% $10,000 $14,999 Learn More
36 Mo CD
0.41% $100,000 $199,999 Learn More
48 Mo CD
0.65% $10,000 $14,999 Learn More
48 Mo CD
0.65% $100,000 $199,999 Learn More
60 Mo CD
0.92% $10,000 $14,999 Learn More
60 Mo CD
0.92% $100,000 $199,999 Learn More

 

Loan Rates - January 26, 2021

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Countybank 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


Countybank Locations


Financial Details

Countybank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Countybank. 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
Countybank U.S. Bank Average
7.36% 6.14%

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 September 30, 2020, Countybank had $2,567,000 in non-current loans and $733,000 in owned real estate. To cover these potential losses it had $42,119,000 in equity and $2,737,000 in loans loss reserves. That gives it a Texas Ratio of 7.36%.

Return on Equity
Countybank U.S. Bank Average
17.57% 9.23%

Countybank has a Return on Equity of 17.57% versus the BestCashCow average of 9.23%. 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
Countybank U.S. Bank Average
7.74% 12.07%

Countybank has a Capitalization of 7.74% versus the BestCashCow average of 12.07. 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.

Countybank Balance Sheet Analysis

As of September 30, 2020, Countybank had assets of $543,950,000, loans of $348,348,000, and deposits of $462,877,000. 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

September 30, 2020
ASSETS
Cash & Balances due from depository institutions $ 62.52 million
Interest-bearing balances $ 55.17 million
Total securities $ 104.92 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 348.35 million
Loan loss allowance $ 2.74 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.73 million
Goodwill and other intangibles $ 2.02 million
All other assets $ 12.10 million
     Total Assets $ 501.83 million
LIABILITIES
Total deposits $ 462.88 million
      Interest-bearing deposits $ 337.64 million
      Deposits held in domestic offices $ 462.88 million
      % insured (estimated) 75.59%
Federal funds purchased and repurchase agreements $ 30.19 million
Trading liabilities N.A.
Other borrowed funds $ 0.82 million
Subordinated debt N.A.
All other liabilities $ 7.94 million
      Total Liabilities $ 501.83 million
      Shareholders’ Equity $ 42.12 million

Summary Income Statement

September 30, 2020
INCOME AND EXPENSES
Total Interest Income $ 12.40 million
Total Interest Expense $ 0.52 million
Net interest income $ 11.87 million
Provision for loan and lease losses $ 0.63 million
Total non interest income $ 15.69 million
Total non interest expense $ 21.53 million
Pre-tax Net Operating Income $ 5.41 million

Bank Loan Profile?

The top three loan types in Countybank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Countybank’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 35.74
Multifamily
Mortgages
0.89
Credit Card Loans 0.00
Consumer Auto Loans 0.65
Small Business Loans 0.00
Construction and Development Loans 7.85
Commercial Real Estate 30.20
Commercial and Industrial Loans 24.24
Farm Loans 0.00

Frequently Asked Questions About Countybank

Branches and Savings

Is Countybank FDIC insured?

Yes. It is covered under FDIC Certificate #9155.

Why does Countybank pay such low interest on savings accounts?

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

Why are Countybank CD rates not competitive?

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

Is Countybank a commercial bank?

Yes

Where are Countybank locations?

See branch locations nearby.

Is Countybank open on Saturdays?

Is Countybank open on Sundays?

What time does Countybank open?

What time does Countybank close?

Are Countybank ATMs Open 24/7?

Do Countybank ATMs accept cash deposits?

Can Countybank customers use other ATMs?

Do Countybank branches have notaries?

Will Countybank notarize my document?

What address for Countybank should I put for incoming ACH transfers?

Will the Countybank branch print checks?

Do Countybank checks expire?

Does Countybank require US citizenship to open account?

Can Countybank close my account?

Does Countybank Report to credit bureaus?

Does Countybank Use Equifax?

What is Countybank's ACH Routing Number?

What is Countybank's SWIFT code?

Products

Does Countybank offer mortgages?

Compare mortgage rates here.

Does Countybank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Countybank offer personal loans?

Compare personal loan rates here.

Does Countybank offer student loans?

Will Countybank cash a check?

Will Countybank redeem a savings bond?

Does Countybank cash savings bonds?

Will Countybank cash money orders?

Can Countybank issue a money order?

Does Countybank do currency exchange?

Background on The Bank

Who owns Countybank?

How long has Countybank been around?

Can Countybank transfer to other banks?

Does Countybank have quick pay?

Does Countybank accept rolled coins?

Will Countybank accept loose change?

Where is Countybank headquarters?

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