Cross County Savings Bank

Headquarters

79-21 Metropolitan Avenue
Middle Village, NY 11379
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 0.66% →
1-Year CD 0.70% 0.67% →
2-Year CD 0.85% 0.75% →
5-Year CD 1.00% 1.15% →
30-Year Mortgage 4.45% 2.72% →
15-Year Mortgage 3.50% 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Cross County Savings Bank is an FDIC insured institution located in Middle Village, NY. It was founded in 1888 and has approximately $0.53 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 30260
Date Established 1888
Assets $ 532.68 million
Loans $ 392.71 million
Deposits $ 463.00 million
Capital $ 52.92 million
 

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

Deposit Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.70% $10,000 $14,999 Learn More
12 Mo CD
0.70% $100,000 $199,999 Learn More
18 Mo CD
0.80% $10,000 $14,999 Learn More
18 Mo CD
0.80% $100,000 $199,999 Learn More
24 Mo CD
0.85% $10,000 $14,999 Learn More
24 Mo CD
0.85% $100,000 $199,999 Learn More
30 Mo CD
0.85% $10,000 $14,999 Learn More
30 Mo CD
0.85% $100,000 $199,999 Learn More
36 Mo CD
0.90% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
48 Mo CD
0.95% $10,000 $14,999 Learn More
48 Mo CD
0.95% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
Interest Checking Account 0.05% $0 $1.50 Learn MoreShow Less
Free Checking Account 0.00% $0 $0.00 Learn MoreShow Less
 

Loan Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase 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

Cross County 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:
Fairfield,Connecticut


Cross County Savings Bank Locations


Financial Details

Cross County Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cross County Savings 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
Cross County Savings Bank U.S. Bank Average
9.27% 5.49%

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 December 31, 2020, Cross County Savings Bank had $5,012,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $52,916,000 in equity and $1,178,000 in loans loss reserves. That gives it a Texas Ratio of 9.27%.

Return on Equity
Cross County Savings Bank U.S. Bank Average
3.31% 9.24%

Cross County Savings Bank has a Return on Equity of 3.31% versus the BestCashCow average of 9.24%. 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
Cross County Savings Bank U.S. Bank Average
9.93% 11.96%

Cross County Savings Bank has a Capitalization of 9.93% versus the BestCashCow average of 11.96. 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.

Cross County Savings Bank Balance Sheet Analysis

As of December 31, 2020, Cross County Savings Bank had assets of $532,681,000, loans of $392,708,000, and deposits of $462,996,000. 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

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 88.17 million
Interest-bearing balances $ 77.01 million
Total securities $ 13.56 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 392.71 million
Loan loss allowance $ 1.18 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 16.44 million
     Total Assets $ 479.76 million
LIABILITIES
Total deposits $ 463.00 million
      Interest-bearing deposits $ 398.39 million
      Deposits held in domestic offices $ 463.00 million
      % insured (estimated) 86.05%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 10.00 million
Subordinated debt N.A.
All other liabilities $ 6.77 million
      Total Liabilities $ 479.76 million
      Shareholders’ Equity $ 52.92 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 19.43 million
Total Interest Expense $ 3.33 million
Net interest income $ 16.10 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.87 million
Total non interest expense $ 14.90 million
Pre-tax Net Operating Income $ 2.25 million

Bank Loan Profile?

The top three loan types in Cross County Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in New York, Cross County Savings Bank has a significantly higher percent of 1-4 Family Residential 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 74.95
Multifamily
Mortgages
4.39
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 6.00
Construction and Development Loans 0.00
Commercial Real Estate 20.92
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Cross County Savings Bank

Branches and Savings

Is Cross County Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #30260.

Why does Cross County 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 Cross County Savings Bank CD rates not competitive?

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

Is Cross County Savings Bank a commercial bank?

Yes

Where are Cross County Savings Bank locations?

See branch locations nearby.

Is Cross County Savings Bank open on Saturdays?

Is Cross County Savings Bank open on Sundays?

What time does Cross County Savings Bank open?

What time does Cross County Savings Bank close?

Are Cross County Savings Bank ATMs Open 24/7?

Do Cross County Savings Bank ATMs accept cash deposits?

Can Cross County Savings Bank customers use other ATMs?

Do Cross County Savings Bank branches have notaries?

Will Cross County Savings Bank notarize my document?

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

Will the Cross County Savings Bank branch print checks?

Do Cross County Savings Bank checks expire?

Does Cross County Savings Bank require US citizenship to open account?

Can Cross County Savings Bank close my account?

Does Cross County Savings Bank Report to credit bureaus?

Does Cross County Savings Bank Use Equifax?

What is Cross County Savings Bank's ACH Routing Number?

What is Cross County Savings Bank's SWIFT code?

Products

Does Cross County Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Cross County Savings Bank offer personal loans?

Compare personal loan rates here.

Does Cross County Savings Bank offer student loans?

Will Cross County Savings Bank cash a check?

Will Cross County Savings Bank redeem a savings bond?

Does Cross County Savings Bank cash savings bonds?

Will Cross County Savings Bank cash money orders?

Can Cross County Savings Bank issue a money order?

Does Cross County Savings Bank do currency exchange?

Background on The Bank

Who owns Cross County Savings Bank?

How long has Cross County Savings Bank been around?

Can Cross County Savings Bank transfer to other banks?

Does Cross County Savings Bank have quick pay?

Does Cross County Savings Bank accept rolled coins?

Will Cross County Savings Bank accept loose change?

Where is Cross County Savings Bank headquarters?

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