Cypress Bank, SSB

Headquarters

120 South Greer Blvd
Pittsburg, TX 75686
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.91% →
1-Year CD 0.50% 0.85% →
2-Year CD 0.60% 0.95% →
5-Year CD 0.70% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Cypress Bank, SSB is an FDIC insured institution located in Pittsburg, TX. It was founded in 1976 and has approximately $0.2 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 31905
Date Established 1976
Assets $ 195.87 million
Loans $ 127.04 million
Deposits $ 154.24 million
Capital $ 21.61 million
 

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

Deposit Rates - December 1, 2020

Your Current Location: Connecticut, CT 06828

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
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.20% $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
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.55% $10,000 $14,999 Learn More
18 Mo CD
0.55% $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
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.65% $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
0.70% $10,000 $14,999 Learn More
60 Mo CD
0.70% $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 - December 1, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Cypress Bank, SSB

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
First Internet Bank
NMLS ID: 424182
2.550% 2.500% 0.63 $1,655 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.582% 2.500% 0.88 $2,715 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

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

Branches

Cypress Bank, SSB 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


Cypress Bank, SSB Locations


Financial Details

Cypress Bank, SSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cypress Bank, SSB. 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
Cypress Bank, SSB U.S. Bank Average
7.29% 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, Cypress Bank, SSB had $1,411,000 in non-current loans and $273,000 in owned real estate. To cover these potential losses it had $21,608,000 in equity and $1,487,000 in loans loss reserves. That gives it a Texas Ratio of 7.29%.

Return on Equity
Cypress Bank, SSB U.S. Bank Average
6.24% 7.80%

Cypress Bank, SSB has a Return on Equity of 6.24% 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
Cypress Bank, SSB U.S. Bank Average
11.03% 12.68%

Cypress Bank, SSB has a Capitalization of 11.03% 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.

Cypress Bank, SSB Balance Sheet Analysis

As of March 31, 2020, Cypress Bank, SSB had assets of $195,870,000, loans of $127,035,000, and deposits of $154,235,000. 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 $ 13.39 million
Interest-bearing balances $ 7.76 million
Total securities $ 45.92 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 127.04 million
Loan loss allowance $ 1.49 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.27 million
Goodwill and other intangibles $ 0.22 million
All other assets $ 5.20 million
     Total Assets $ 174.26 million
LIABILITIES
Total deposits $ 154.24 million
      Interest-bearing deposits $ 128.64 million
      Deposits held in domestic offices $ 154.24 million
      % insured (estimated) 92.78%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 18.02 million
Subordinated debt N.A.
All other liabilities $ 2.01 million
      Total Liabilities $ 174.26 million
      Shareholders’ Equity $ 21.61 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.25 million
Total Interest Expense $ 0.53 million
Net interest income $ 1.73 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.26 million
Total non interest expense $ 1.59 million
Pre-tax Net Operating Income $ 0.40 million

Bank Loan Profile?

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

Compared to other banks in Texas, Cypress Bank, SSB 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 49.52
Multifamily
Mortgages
3.42
Credit Card Loans 0.00
Consumer Auto Loans 2.87
Small Business Loans 0.00
Construction and Development Loans 4.61
Commercial Real Estate 14.52
Commercial and Industrial Loans 9.44
Farm Loans 1.74

Frequently Asked Questions About Cypress Bank, Ssb

Branches and Savings

Is Cypress Bank, Ssb FDIC insured?

Yes. It is covered under FDIC Certificate #31905.

Why does Cypress Bank, Ssb pay such low interest on savings accounts?

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

Why are Cypress Bank, Ssb CD rates not competitive?

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

Is Cypress Bank, Ssb a commercial bank?

Yes

Where are Cypress Bank, Ssb locations?

See branch locations nearby.

Is Cypress Bank, Ssb open on Saturdays?

Is Cypress Bank, Ssb open on Sundays?

What time does Cypress Bank, Ssb open?

What time does Cypress Bank, Ssb close?

Are Cypress Bank, Ssb ATMs Open 24/7?

Do Cypress Bank, Ssb ATMs accept cash deposits?

Can Cypress Bank, Ssb customers use other ATMs?

Do Cypress Bank, Ssb branches have notaries?

Will Cypress Bank, Ssb notarize my document?

What address for Cypress Bank, Ssb should I put for incoming ACH transfers?

Will the Cypress Bank, Ssb branch print checks?

Do Cypress Bank, Ssb checks expire?

Does Cypress Bank, Ssb require US citizenship to open account?

Can Cypress Bank, Ssb close my account?

Does Cypress Bank, Ssb Report to credit bureaus?

Does Cypress Bank, Ssb Use Equifax?

What is Cypress Bank, Ssb's ACH Routing Number?

What is Cypress Bank, Ssb's SWIFT code?

Products

Does Cypress Bank, Ssb offer mortgages?

Compare mortgage rates here.

Does Cypress Bank, Ssb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cypress Bank, Ssb offer personal loans?

Compare personal loan rates here.

Does Cypress Bank, Ssb offer student loans?

Will Cypress Bank, Ssb cash a check?

Will Cypress Bank, Ssb redeem a savings bond?

Does Cypress Bank, Ssb cash savings bonds?

Will Cypress Bank, Ssb cash money orders?

Can Cypress Bank, Ssb issue a money order?

Does Cypress Bank, Ssb do currency exchange?

Background on The Bank

Who owns Cypress Bank, Ssb?

How long has Cypress Bank, Ssb been around?

Can Cypress Bank, Ssb transfer to other banks?

Does Cypress Bank, Ssb have quick pay?

Does Cypress Bank, Ssb accept rolled coins?

Will Cypress Bank, Ssb accept loose change?

Where is Cypress Bank, Ssb headquarters?

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