Cullman Savings Bank

Headquarters

316 Second Avenue S.W.
Cullman, AL 35055
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.13% 1.05% →
1-Year CD 0.40% 0.95% →
2-Year CD 0.60% 1.05% →
5-Year CD 1.50% 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

Cullman Savings Bank is an FDIC insured institution located in Cullman, AL. It was founded in 1937 and has approximately $0.31 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 30167
Date Established 1937
Assets $ 311.02 million
Loans $ 245.02 million
Deposits $ 197.19 million
Capital $ 48.19 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.13% $2,500 $4,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
48 Mo CD
1.25% $10,000 $14,999 Learn More
48 Mo CD
1.25% $100,000 $199,999 Learn More
60 Mo CD
1.50% $10,000 $14,999 Learn More
60 Mo CD
1.50% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Cullman 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Connecticut 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 Cullman Savings Bank
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Branches

Cullman 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


Cullman Savings Bank Locations


Financial Details

Cullman Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cullman 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
Cullman Savings Bank U.S. Bank Average
1.65% 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, Cullman Savings Bank had $446,000 in non-current loans and $386,000 in owned real estate. To cover these potential losses it had $48,194,000 in equity and $2,328,000 in loans loss reserves. That gives it a Texas Ratio of 1.65%.

Return on Equity
Cullman Savings Bank U.S. Bank Average
6.86% 7.80%

Cullman Savings Bank has a Return on Equity of 6.86% 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
Cullman Savings Bank U.S. Bank Average
15.5% 12.68%

Cullman Savings Bank has a Capitalization of 15.5% 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.

Cullman Savings Bank Balance Sheet Analysis

As of March 31, 2020, Cullman Savings Bank had assets of $311,017,000, loans of $245,024,000, and deposits of $197,192,000. 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 $ 26.04 million
Interest-bearing balances $ 22.55 million
Total securities $ 20.13 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 245.02 million
Loan loss allowance $ 2.33 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.39 million
Goodwill and other intangibles N.A.
All other assets $ 10.94 million
     Total Assets $ 262.82 million
LIABILITIES
Total deposits $ 197.19 million
      Interest-bearing deposits $ 176.58 million
      Deposits held in domestic offices $ 197.19 million
      % insured (estimated) 74.14%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 61.88 million
Subordinated debt N.A.
All other liabilities $ 3.75 million
      Total Liabilities $ 262.82 million
      Shareholders’ Equity $ 48.19 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.56 million
Total Interest Expense $ 0.75 million
Net interest income $ 2.81 million
Provision for loan and lease losses $ 0.11 million
Total non interest income $ 0.36 million
Total non interest expense $ 2.03 million
Pre-tax Net Operating Income $ 1.03 million

Bank Loan Profile?

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

Compared to other banks in Alabama, Cullman 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 53.80
Multifamily
Mortgages
1.81
Credit Card Loans 0.00
Consumer Auto Loans 0.42
Small Business Loans 0.00
Construction and Development Loans 5.41
Commercial Real Estate 25.99
Commercial and Industrial Loans 10.68
Farm Loans 0.39

Frequently Asked Questions About Cullman Savings Bank

Branches and Savings

Is Cullman Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #30167.

Why does Cullman 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 Cullman Savings Bank CD rates not competitive?

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

Is Cullman Savings Bank a commercial bank?

Yes

Where are Cullman Savings Bank locations?

See branch locations nearby.

Is Cullman Savings Bank open on Saturdays?

Is Cullman Savings Bank open on Sundays?

What time does Cullman Savings Bank open?

What time does Cullman Savings Bank close?

Are Cullman Savings Bank ATMs Open 24/7?

Do Cullman Savings Bank ATMs accept cash deposits?

Can Cullman Savings Bank customers use other ATMs?

Do Cullman Savings Bank branches have notaries?

Will Cullman Savings Bank notarize my document?

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

Will the Cullman Savings Bank branch print checks?

Do Cullman Savings Bank checks expire?

Does Cullman Savings Bank require US citizenship to open account?

Can Cullman Savings Bank close my account?

Does Cullman Savings Bank Report to credit bureaus?

Does Cullman Savings Bank Use Equifax?

What is Cullman Savings Bank's ACH Routing Number?

What is Cullman Savings Bank's SWIFT code?

Products

Does Cullman Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Cullman Savings Bank offer personal loans?

Compare personal loan rates here.

Does Cullman Savings Bank offer student loans?

Will Cullman Savings Bank cash a check?

Will Cullman Savings Bank redeem a savings bond?

Does Cullman Savings Bank cash savings bonds?

Will Cullman Savings Bank cash money orders?

Can Cullman Savings Bank issue a money order?

Does Cullman Savings Bank do currency exchange?

Background on The Bank

Who owns Cullman Savings Bank?

How long has Cullman Savings Bank been around?

Can Cullman Savings Bank transfer to other banks?

Does Cullman Savings Bank have quick pay?

Does Cullman Savings Bank accept rolled coins?

Will Cullman Savings Bank accept loose change?

Where is Cullman Savings Bank headquarters?

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