DeWitt Bank & Trust Co.

Headquarters

815 Sixth Avenue
Dewitt, IA 52742
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.20% 0.70% →
2-Year CD 0.20% 0.75% →
5-Year CD 0.30% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

DeWitt Bank & Trust Co. is an FDIC insured institution located in Dewitt, IA. It was founded in 1933 and has approximately $0.23 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 14705
Date Established 1933
Assets $ 225.40 million
Loans $ 142.71 million
Deposits $ 203.22 million
Capital $ 20.28 million
 

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

Deposit Rates - September 19, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $100 - Learn More
Money Market
0.20% $2,500 $24,999 Learn More
Money Market
0.30% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.15% $10,000 $99,999 Learn More
6 Mo CD
0.15% $100,000 - Learn More
12 Mo CD
0.20% $10,000 $99,999 Learn More
12 Mo CD
0.20% $100,000 - Learn More
18 Mo CD
0.20% $10,000 $99,999 Learn More
18 Mo CD
0.20% $100,000 - Learn More
24 Mo CD
0.20% $10,000 $99,999 Learn More
24 Mo CD
0.20% $100,000 - Learn More
30 Mo CD
0.25% $10,000 $99,999 Learn More
30 Mo CD
0.25% $100,000 - Learn More
36 Mo CD
0.25% $10,000 $99,999 Learn More
36 Mo CD
0.25% $100,000 - Learn More
48 Mo CD
0.30% $10,000 $99,999 Learn More
48 Mo CD
0.30% $100,000 - Learn More
60 Mo CD
0.30% $10,000 $99,999 Learn More
60 Mo CD
0.30% $100,000 - Learn More

 

Loan Rates - September 19, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for DeWitt Bank & Trust Co.

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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Better.com
NMLS ID: 330511
2.933% 2.875%
0.75 points
$1,860 fees
$1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to DeWitt Bank & Trust Co.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

DeWitt Bank & Trust Co. 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


DeWitt Bank & Trust Co. Locations


Financial Details

DeWitt Bank & Trust Co. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of DeWitt Bank & Trust Co.. 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
DeWitt Bank & Trust Co. U.S. Bank Average
11.94% 5.29%

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, 2021, DeWitt Bank & Trust Co. had $2,614,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $20,276,000 in equity and $1,618,000 in loans loss reserves. That gives it a Texas Ratio of 11.94%.

Return on Equity
DeWitt Bank & Trust Co. U.S. Bank Average
17.18% 11.43%

DeWitt Bank & Trust Co. has a Return on Equity of 17.18% versus the BestCashCow average of 11.43%. 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
DeWitt Bank & Trust Co. U.S. Bank Average
9% 11.51%

DeWitt Bank & Trust Co. has a Capitalization of 9% versus the BestCashCow average of 11.51. 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.

DeWitt Bank & Trust Co. Balance Sheet Analysis

As of March 31, 2021, DeWitt Bank & Trust Co. had assets of $225,395,000, loans of $142,712,000, and deposits of $203,220,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 4.81 million
Interest-bearing balances $ 0.46 million
Total securities $ 57.54 million
Federal funds sold and reverse repurchase $ 10.74 million
Net loans and leases $ 142.71 million
Loan loss allowance $ 1.62 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.20 million
All other assets $ 4.24 million
     Total Assets $ 205.12 million
LIABILITIES
Total deposits $ 203.22 million
      Interest-bearing deposits $ 169.54 million
      Deposits held in domestic offices $ 203.22 million
      % insured (estimated) 70.10%
Federal funds purchased and repurchase agreements $ 0.53 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.37 million
      Total Liabilities $ 205.12 million
      Shareholders’ Equity $ 20.28 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 1.79 million
Total Interest Expense $ 0.24 million
Net interest income $ 1.56 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 1.02 million
Total non interest expense $ 1.62 million
Pre-tax Net Operating Income $ 0.92 million

Bank Loan Profile?

The top three loan types in DeWitt Bank & Trust Co.’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks, DeWitt Bank & Trust Co.’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 13.98
Multifamily
Mortgages
0.94
Credit Card Loans 0.00
Consumer Auto Loans 2.36
Small Business Loans 0.00
Construction and Development Loans 1.74
Commercial Real Estate 16.10
Commercial and Industrial Loans 18.14
Farm Loans 21.02

Frequently Asked Questions About Dewitt Bank & Trust Co.

Branches and Savings

Is Dewitt Bank & Trust Co. FDIC insured?

Yes. It is covered under FDIC Certificate #14705.

Why does Dewitt Bank & Trust Co. pay such low interest on savings accounts?

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

Why are Dewitt Bank & Trust Co. CD rates not competitive?

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

Is Dewitt Bank & Trust Co. a commercial bank?

Yes

Where are Dewitt Bank & Trust Co. locations?

See branch locations nearby.

Is Dewitt Bank & Trust Co. open on Saturdays?

Is Dewitt Bank & Trust Co. open on Sundays?

What time does Dewitt Bank & Trust Co. open?

What time does Dewitt Bank & Trust Co. close?

Are Dewitt Bank & Trust Co. ATMs Open 24/7?

Do Dewitt Bank & Trust Co. ATMs accept cash deposits?

Can Dewitt Bank & Trust Co. customers use other ATMs?

Do Dewitt Bank & Trust Co. branches have notaries?

Will Dewitt Bank & Trust Co. notarize my document?

What address for Dewitt Bank & Trust Co. should I put for incoming ACH transfers?

Will the Dewitt Bank & Trust Co. branch print checks?

Do Dewitt Bank & Trust Co. checks expire?

Does Dewitt Bank & Trust Co. require US citizenship to open account?

Can Dewitt Bank & Trust Co. close my account?

Does Dewitt Bank & Trust Co. Report to credit bureaus?

Does Dewitt Bank & Trust Co. Use Equifax?

What is Dewitt Bank & Trust Co.'s ACH Routing Number?

What is Dewitt Bank & Trust Co.'s SWIFT code?

Products

Does Dewitt Bank & Trust Co. offer mortgages?

Compare mortgage rates here.

Does Dewitt Bank & Trust Co. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Dewitt Bank & Trust Co. offer personal loans?

Compare personal loan rates here.

Does Dewitt Bank & Trust Co. offer student loans?

Will Dewitt Bank & Trust Co. cash a check?

Will Dewitt Bank & Trust Co. redeem a savings bond?

Does Dewitt Bank & Trust Co. cash savings bonds?

Will Dewitt Bank & Trust Co. cash money orders?

Can Dewitt Bank & Trust Co. issue a money order?

Does Dewitt Bank & Trust Co. do currency exchange?

Background on The Bank

Who owns Dewitt Bank & Trust Co.?

How long has Dewitt Bank & Trust Co. been around?

Can Dewitt Bank & Trust Co. transfer to other banks?

Does Dewitt Bank & Trust Co. have quick pay?

Does Dewitt Bank & Trust Co. accept rolled coins?

Will Dewitt Bank & Trust Co. accept loose change?

Where is Dewitt Bank & Trust Co. headquarters?

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