Dime Bank

Headquarters

290 Salem Turnpike
Norwich, CT 06360
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.20% 0.95% →
2-Year CD 0.35% 1.05% →
5-Year CD 0.90% 1.30% →
30-Year Mortgage 3.79% 2.80% →
15-Year Mortgage 3.70% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Dime Bank is an FDIC insured institution located in Norwich, CT. It was founded in 1869 and has approximately $0.92 billion in assets. Customers can open an account at one of its 12 branches.

FDIC Insured Yes
FDIC Certificate # 18200
Date Established 1869
Assets $ 918.45 million
Loans $ 653.35 million
Deposits $ 725.61 million
Capital $ 104.90 million
 

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

Deposit Rates - September 27, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
Special: 22 Mo CD
0.60% $500 - Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
Special: 30 Mo CD
0.70% $500 - Learn More
30 Mo CD
0.70% $10,000 $14,999 Learn More
30 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.60% $10,000 $14,999 Learn More
36 Mo CD
0.60% $100,000 $199,999 Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More
48 Mo CD
0.70% $100,000 $199,999 Learn More
60 Mo CD
0.90% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 22 Mo FIRA
0.60% $500 - Learn MoreShow Less
Special: 30 Mo FIRA
0.70% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.07% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 27, 2020

Your Current Location: Virginia, VA 20146

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

Dime 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:
Ashburn,Virginia


Dime Bank Locations


Financial Details

Dime Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Dime 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
Dime Bank U.S. Bank Average
4.65% 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, Dime Bank had $5,199,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $104,900,000 in equity and $6,832,000 in loans loss reserves. That gives it a Texas Ratio of 4.65%.

Return on Equity
Dime Bank U.S. Bank Average
2.96% 7.80%

Dime Bank has a Return on Equity of 2.96% 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
Dime Bank U.S. Bank Average
11.42% 12.68%

Dime Bank has a Capitalization of 11.42% 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.

Dime Bank Balance Sheet Analysis

As of March 31, 2020, Dime Bank had assets of $918,446,000, loans of $653,350,000, and deposits of $725,613,000. 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 $ 79.94 million
Interest-bearing balances $ 68.32 million
Total securities $ 146.56 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 653.35 million
Loan loss allowance $ 6.83 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.26 million
All other assets $ 26.74 million
     Total Assets $ 813.55 million
LIABILITIES
Total deposits $ 725.61 million
      Interest-bearing deposits $ 479.64 million
      Deposits held in domestic offices $ 725.61 million
      % insured (estimated) 75.98%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 82.21 million
Subordinated debt N.A.
All other liabilities $ 5.73 million
      Total Liabilities $ 813.55 million
      Shareholders’ Equity $ 104.90 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 8.33 million
Total Interest Expense $ 1.92 million
Net interest income $ 6.41 million
Provision for loan and lease losses $ 0.20 million
Total non interest income $ 1.11 million
Total non interest expense $ 5.70 million
Pre-tax Net Operating Income $ 1.61 million

Bank Loan Profile?

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

Compared to other banks, Dime Bank’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 50.06
Multifamily
Mortgages
6.22
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 3.10
Commercial Real Estate 26.53
Commercial and Industrial Loans 8.22
Farm Loans 0.00

Frequently Asked Questions About Dime Bank

Branches and Savings

Is Dime Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18200.

Why does Dime Bank pay such low interest on savings accounts?

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

Why are Dime Bank CD rates not competitive?

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

Is Dime Bank a commercial bank?

Yes

Where are Dime Bank locations?

See branch locations nearby.

Is Dime Bank open on Saturdays?

Is Dime Bank open on Sundays?

What time does Dime Bank open?

What time does Dime Bank close?

Are Dime Bank ATMs Open 24/7?

Do Dime Bank ATMs accept cash deposits?

Can Dime Bank customers use other ATMs?

Do Dime Bank branches have notaries?

Will Dime Bank notarize my document?

What address for Dime Bank should I put for incoming ACH transfers?

Will the Dime Bank branch print checks?

Do Dime Bank checks expire?

Does Dime Bank require US citizenship to open account?

Can Dime Bank close my account?

Does Dime Bank Report to credit bureaus?

Does Dime Bank Use Equifax?

What is Dime Bank's ACH Routing Number?

What is Dime Bank's SWIFT code?

Products

Does Dime Bank offer mortgages?

Compare mortgage rates here.

Does Dime Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Dime Bank offer personal loans?

Compare personal loan rates here.

Does Dime Bank offer student loans?

Will Dime Bank cash a check?

Will Dime Bank redeem a savings bond?

Does Dime Bank cash savings bonds?

Will Dime Bank cash money orders?

Can Dime Bank issue a money order?

Does Dime Bank do currency exchange?

Background on The Bank

Who owns Dime Bank?

How long has Dime Bank been around?

Can Dime Bank transfer to other banks?

Does Dime Bank have quick pay?

Does Dime Bank accept rolled coins?

Will Dime Bank accept loose change?

Where is Dime Bank headquarters?

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