Fall River Five Cents Savings Bank

Headquarters

79 North Main Street
Fall River, MA 02720
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.95% →
1-Year CD 0.40% 1.01% →
2-Year CD 0.65% 0.95% →
5-Year CD 1.00% 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

Fall River Five Cents Savings Bank is an FDIC insured institution located in Fall River, MA. It was founded in 1855 and has approximately $1.11 billion in assets. Customers can open an account at one of its 15 branches.

FDIC Insured Yes
FDIC Certificate # 23286
Date Established 1855
Assets $ 1,105.26 million
Loans $ 878.96 million
Deposits $ 939.26 million
Capital $ 94.21 million
 

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

Deposit Rates - October 20, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $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
0.65% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
30 Mo CD
0.75% $10,000 $14,999 Learn More
30 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
1.15% $10,000 $14,999 Learn More
48 Mo CD
1.15% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 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

Online Only Savings Rates of Bank5 Connect

Online Savings Rates APY MIN MAX
High-Interest Savings
0.55% $2,000 - Learn More

Online Only CD Rates of Bank5 Connect

Online CD Rates APY MIN MAX
Connect 6-Month CD
0.45% $500 - Learn More
Connect 12-Month CD
0.50% $500 - Learn More
Connect 18-Month CD
0.55% $500 - Learn More
Connect 24-Month Investment CD
0.60% $500 - Learn More
Connect 36-Month CD
0.65% $500 - Learn More
Checking Rates APY MIN FEE
Free Checking 0.00% $0 $0.00 Learn MoreShow Less

Bank Online Offers


Loan Rates - October 20, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Fall River Five Cents 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
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.575% 2.500% 1.00 $2,468 $988 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
2.240 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Fall River Five Cents Savings Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Fall River Five Cents 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


Fall River Five Cents Savings Bank Locations


Financial Details

Fall River Five Cents Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Fall River Five Cents 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
Fall River Five Cents Savings Bank U.S. Bank Average
1.37% 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, Fall River Five Cents Savings Bank had $1,372,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $94,207,000 in equity and $6,188,000 in loans loss reserves. That gives it a Texas Ratio of 1.37%.

Return on Equity
Fall River Five Cents Savings Bank U.S. Bank Average
3.9% 7.80%

Fall River Five Cents Savings Bank has a Return on Equity of 3.9% 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
Fall River Five Cents Savings Bank U.S. Bank Average
8.52% 12.68%

Fall River Five Cents Savings Bank has a Capitalization of 8.52% 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.

Fall River Five Cents Savings Bank Balance Sheet Analysis

As of March 31, 2020, Fall River Five Cents Savings Bank had assets of $1,105,257,000, loans of $878,963,000, and deposits of $939,257,000. 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 $ 29.64 million
Interest-bearing balances $ 7.25 million
Total securities $ 145.40 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 878.96 million
Loan loss allowance $ 6.19 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.44 million
All other assets $ 34.36 million
     Total Assets $ 1,011.05 million
LIABILITIES
Total deposits $ 939.26 million
      Interest-bearing deposits $ 766.39 million
      Deposits held in domestic offices $ 939.26 million
      % insured (estimated) 80.48%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 63.47 million
Subordinated debt N.A.
All other liabilities $ 8.32 million
      Total Liabilities $ 1,011.05 million
      Shareholders’ Equity $ 94.21 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 10.00 million
Total Interest Expense $ 2.67 million
Net interest income $ 7.33 million
Provision for loan and lease losses $ 0.18 million
Total non interest income $ 2.37 million
Total non interest expense $ 8.47 million
Pre-tax Net Operating Income $ 1.05 million

Bank Loan Profile?

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

Compared to other banks in Massachusetts, Fall River Five Cents Savings Bank has a significantly higher percent of Small Business Loans, Farm 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 49.21
Multifamily
Mortgages
4.85
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 9.53
Construction and Development Loans 2.71
Commercial Real Estate 23.20
Commercial and Industrial Loans 14.12
Farm Loans 4.89

Frequently Asked Questions About Fall River Five Cents Savings Bank

Branches and Savings

Is Fall River Five Cents Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #23286.

Why does Fall River Five Cents 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 Fall River Five Cents Savings Bank CD rates not competitive?

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

Is Fall River Five Cents Savings Bank a commercial bank?

Yes

Where are Fall River Five Cents Savings Bank locations?

See branch locations nearby.

Is Fall River Five Cents Savings Bank open on Saturdays?

Is Fall River Five Cents Savings Bank open on Sundays?

What time does Fall River Five Cents Savings Bank open?

What time does Fall River Five Cents Savings Bank close?

Are Fall River Five Cents Savings Bank ATMs Open 24/7?

Do Fall River Five Cents Savings Bank ATMs accept cash deposits?

Can Fall River Five Cents Savings Bank customers use other ATMs?

Do Fall River Five Cents Savings Bank branches have notaries?

Will Fall River Five Cents Savings Bank notarize my document?

What address for Fall River Five Cents Savings Bank should I put for incoming ACH transfers?

Will the Fall River Five Cents Savings Bank branch print checks?

Do Fall River Five Cents Savings Bank checks expire?

Does Fall River Five Cents Savings Bank require US citizenship to open account?

Can Fall River Five Cents Savings Bank close my account?

Does Fall River Five Cents Savings Bank Report to credit bureaus?

Does Fall River Five Cents Savings Bank Use Equifax?

What is Fall River Five Cents Savings Bank's ACH Routing Number?

What is Fall River Five Cents Savings Bank's SWIFT code?

Products

Does Fall River Five Cents Savings Bank offer mortgages?

Compare mortgage rates here.

Does Fall River Five Cents Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Fall River Five Cents Savings Bank offer personal loans?

Compare personal loan rates here.

Does Fall River Five Cents Savings Bank offer student loans?

Will Fall River Five Cents Savings Bank cash a check?

Will Fall River Five Cents Savings Bank redeem a savings bond?

Does Fall River Five Cents Savings Bank cash savings bonds?

Will Fall River Five Cents Savings Bank cash money orders?

Can Fall River Five Cents Savings Bank issue a money order?

Does Fall River Five Cents Savings Bank do currency exchange?

Background on The Bank

Who owns Fall River Five Cents Savings Bank?

How long has Fall River Five Cents Savings Bank been around?

Can Fall River Five Cents Savings Bank transfer to other banks?

Does Fall River Five Cents Savings Bank have quick pay?

Does Fall River Five Cents Savings Bank accept rolled coins?

Will Fall River Five Cents Savings Bank accept loose change?

Where is Fall River Five Cents Savings Bank headquarters?

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