Farmers State Bank of Newcastle

Headquarters

722 Broadway Avenue
Newcastle, TX 76372
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Farmers State Bank of Newcastle is an FDIC insured institution located in Newcastle, TX. It was founded in 1909 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 14404
Date Established 1909
Assets $ 48.68 million
Loans $ 23.13 million
Deposits $ 44.04 million
Capital $ 4.44 million
 

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

Deposit Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828



Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Farmers State Bank of Newcastle

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
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 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
2.990 %
$0 Learn More
More Info

Note to Farmers State Bank of Newcastle
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Branches

Farmers State Bank of Newcastle 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


Farmers State Bank of Newcastle Locations


Financial Details

Farmers State Bank of Newcastle Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers State Bank of Newcastle. 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
Farmers State Bank of Newcastle U.S. Bank Average
2.8% 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, Farmers State Bank of Newcastle had $133,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $4,438,000 in equity and $318,000 in loans loss reserves. That gives it a Texas Ratio of 2.8%.

Return on Equity
Farmers State Bank of Newcastle U.S. Bank Average
9.21% 7.80%

Farmers State Bank of Newcastle has a Return on Equity of 9.21% 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
Farmers State Bank of Newcastle U.S. Bank Average
9.12% 12.68%

Farmers State Bank of Newcastle has a Capitalization of 9.12% 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.

Farmers State Bank of Newcastle Balance Sheet Analysis

As of March 31, 2020, Farmers State Bank of Newcastle had assets of $48,676,000, loans of $23,134,000, and deposits of $44,039,000. 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 $ 4.92 million
Interest-bearing balances $ 4.58 million
Total securities $ 15.08 million
Federal funds sold and reverse repurchase $ 4.65 million
Net loans and leases $ 23.13 million
Loan loss allowance $ 0.32 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 $ 0.57 million
     Total Assets $ 44.24 million
LIABILITIES
Total deposits $ 44.04 million
      Interest-bearing deposits $ 34.39 million
      Deposits held in domestic offices $ 44.04 million
      % insured (estimated) 76.17%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.20 million
      Total Liabilities $ 44.24 million
      Shareholders’ Equity $ 4.44 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.50 million
Total Interest Expense $ 0.11 million
Net interest income $ 0.40 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.04 million
Total non interest expense $ 0.32 million
Pre-tax Net Operating Income $ 0.12 million

Bank Loan Profile?

The top three loan types in Farmers State Bank of Newcastle’s loan portfolio are Farm Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Texas, Farmers State Bank of Newcastle has a significantly higher percent of 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 15.42
Multifamily
Mortgages
0.58
Credit Card Loans 0.00
Consumer Auto Loans 2.71
Small Business Loans 0.00
Construction and Development Loans 0.63
Commercial Real Estate 17.12
Commercial and Industrial Loans 12.95
Farm Loans 31.80

Frequently Asked Questions About Farmers State Bank Of Newcastle

Branches and Savings

Is Farmers State Bank Of Newcastle FDIC insured?

Yes. It is covered under FDIC Certificate #14404.

Why does Farmers State Bank Of Newcastle pay such low interest on savings accounts?

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

Why are Farmers State Bank Of Newcastle CD rates not competitive?

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

Is Farmers State Bank Of Newcastle a commercial bank?

Yes

Where are Farmers State Bank Of Newcastle locations?

See branch locations nearby.

Is Farmers State Bank Of Newcastle open on Saturdays?

Is Farmers State Bank Of Newcastle open on Sundays?

What time does Farmers State Bank Of Newcastle open?

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Are Farmers State Bank Of Newcastle ATMs Open 24/7?

Do Farmers State Bank Of Newcastle ATMs accept cash deposits?

Can Farmers State Bank Of Newcastle customers use other ATMs?

Do Farmers State Bank Of Newcastle branches have notaries?

Will Farmers State Bank Of Newcastle notarize my document?

What address for Farmers State Bank Of Newcastle should I put for incoming ACH transfers?

Will the Farmers State Bank Of Newcastle branch print checks?

Do Farmers State Bank Of Newcastle checks expire?

Does Farmers State Bank Of Newcastle require US citizenship to open account?

Can Farmers State Bank Of Newcastle close my account?

Does Farmers State Bank Of Newcastle Report to credit bureaus?

Does Farmers State Bank Of Newcastle Use Equifax?

What is Farmers State Bank Of Newcastle's ACH Routing Number?

What is Farmers State Bank Of Newcastle's SWIFT code?

Products

Does Farmers State Bank Of Newcastle offer mortgages?

Compare mortgage rates here.

Does Farmers State Bank Of Newcastle offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Farmers State Bank Of Newcastle offer personal loans?

Compare personal loan rates here.

Does Farmers State Bank Of Newcastle offer student loans?

Will Farmers State Bank Of Newcastle cash a check?

Will Farmers State Bank Of Newcastle redeem a savings bond?

Does Farmers State Bank Of Newcastle cash savings bonds?

Will Farmers State Bank Of Newcastle cash money orders?

Can Farmers State Bank Of Newcastle issue a money order?

Does Farmers State Bank Of Newcastle do currency exchange?

Background on The Bank

Who owns Farmers State Bank Of Newcastle?

How long has Farmers State Bank Of Newcastle been around?

Can Farmers State Bank Of Newcastle transfer to other banks?

Does Farmers State Bank Of Newcastle have quick pay?

Does Farmers State Bank Of Newcastle accept rolled coins?

Will Farmers State Bank Of Newcastle accept loose change?

Where is Farmers State Bank Of Newcastle headquarters?

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