Durden Banking Company, Incorporated

Headquarters

111 North Railroad Avenue
Twin City, GA 30471
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.91% →
1-Year CD 0.40% 0.85% →
2-Year CD 0.60% 0.95% →
5-Year CD N.A. 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

Durden Banking Company, Incorporated is an FDIC insured institution located in Twin City, GA. It was founded in 1934 and has approximately $0.19 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 15336
Date Established 1934
Assets $ 186.63 million
Loans $ 116.40 million
Deposits $ 156.57 million
Capital $ 29.64 million
 

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

Deposit Rates - November 26, 2020

Your Current Location: Virginia, VA 20146

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
0.20% $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
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $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
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $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
30 Mo CD
0.65% $10,000 $14,999 Learn More
30 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - November 26, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Durden Banking Company, Incorporated

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
2.567% 2.500% 0.88 $2,200 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.682% 2.625% 0.50 $1,860 $1,005 Learn More

Featured - Virginia 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
2.240 %
$0 Learn More
More Info

Note to Durden Banking Company, Incorporated
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Branches

Durden Banking Company, Incorporated 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


Durden Banking Company, Incorporated Locations


Financial Details

Durden Banking Company, Incorporated Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Durden Banking Company, Incorporated. 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
Durden Banking Company, Incorporated U.S. Bank Average
1.91% 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, Durden Banking Company, Incorporated had $620,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $29,643,000 in equity and $2,775,000 in loans loss reserves. That gives it a Texas Ratio of 1.91%.

Return on Equity
Durden Banking Company, Incorporated U.S. Bank Average
13.19% 7.80%

Durden Banking Company, Incorporated has a Return on Equity of 13.19% 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
Durden Banking Company, Incorporated U.S. Bank Average
15.88% 12.68%

Durden Banking Company, Incorporated has a Capitalization of 15.88% 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.

Durden Banking Company, Incorporated Balance Sheet Analysis

As of March 31, 2020, Durden Banking Company, Incorporated had assets of $186,632,000, loans of $116,400,000, and deposits of $156,569,000. 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 $ 17.48 million
Interest-bearing balances $ 8.85 million
Total securities $ 45.24 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 116.40 million
Loan loss allowance $ 2.78 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 $ 1.38 million
     Total Assets $ 156.99 million
LIABILITIES
Total deposits $ 156.57 million
      Interest-bearing deposits $ 126.64 million
      Deposits held in domestic offices $ 156.57 million
      % insured (estimated) 79.39%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.42 million
      Total Liabilities $ 156.99 million
      Shareholders’ Equity $ 29.64 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.39 million
Total Interest Expense $ 0.16 million
Net interest income $ 2.23 million
Provision for loan and lease losses $ 0.08 million
Total non interest income $ 0.36 million
Total non interest expense $ 1.54 million
Pre-tax Net Operating Income $ 0.98 million

Bank Loan Profile?

The top three loan types in Durden Banking Company, Incorporated’s loan portfolio are 1-4 Family Residential Loans, Small Business Loans, and Commercial Real Estate.

Compared to other banks in Georgia, Durden Banking Company, Incorporated has a significantly higher percent of Small Business 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 45.98
Multifamily
Mortgages
3.56
Credit Card Loans 0.00
Consumer Auto Loans 2.81
Small Business Loans 12.76
Construction and Development Loans 5.47
Commercial Real Estate 12.76
Commercial and Industrial Loans 8.08
Farm Loans 6.32

Frequently Asked Questions About Durden Banking Company, Incorporated

Branches and Savings

Is Durden Banking Company, Incorporated FDIC insured?

Yes. It is covered under FDIC Certificate #15336.

Why does Durden Banking Company, Incorporated pay such low interest on savings accounts?

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

Why are Durden Banking Company, Incorporated CD rates not competitive?

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

Is Durden Banking Company, Incorporated a commercial bank?

Yes

Where are Durden Banking Company, Incorporated locations?

See branch locations nearby.

Is Durden Banking Company, Incorporated open on Saturdays?

Is Durden Banking Company, Incorporated open on Sundays?

What time does Durden Banking Company, Incorporated open?

What time does Durden Banking Company, Incorporated close?

Are Durden Banking Company, Incorporated ATMs Open 24/7?

Do Durden Banking Company, Incorporated ATMs accept cash deposits?

Can Durden Banking Company, Incorporated customers use other ATMs?

Do Durden Banking Company, Incorporated branches have notaries?

Will Durden Banking Company, Incorporated notarize my document?

What address for Durden Banking Company, Incorporated should I put for incoming ACH transfers?

Will the Durden Banking Company, Incorporated branch print checks?

Do Durden Banking Company, Incorporated checks expire?

Does Durden Banking Company, Incorporated require US citizenship to open account?

Can Durden Banking Company, Incorporated close my account?

Does Durden Banking Company, Incorporated Report to credit bureaus?

Does Durden Banking Company, Incorporated Use Equifax?

What is Durden Banking Company, Incorporated's ACH Routing Number?

What is Durden Banking Company, Incorporated's SWIFT code?

Products

Does Durden Banking Company, Incorporated offer mortgages?

Compare mortgage rates here.

Does Durden Banking Company, Incorporated offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Durden Banking Company, Incorporated offer personal loans?

Compare personal loan rates here.

Does Durden Banking Company, Incorporated offer student loans?

Will Durden Banking Company, Incorporated cash a check?

Will Durden Banking Company, Incorporated redeem a savings bond?

Does Durden Banking Company, Incorporated cash savings bonds?

Will Durden Banking Company, Incorporated cash money orders?

Can Durden Banking Company, Incorporated issue a money order?

Does Durden Banking Company, Incorporated do currency exchange?

Background on The Bank

Who owns Durden Banking Company, Incorporated?

How long has Durden Banking Company, Incorporated been around?

Can Durden Banking Company, Incorporated transfer to other banks?

Does Durden Banking Company, Incorporated have quick pay?

Does Durden Banking Company, Incorporated accept rolled coins?

Will Durden Banking Company, Incorporated accept loose change?

Where is Durden Banking Company, Incorporated headquarters?

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