Fayette Savings Bank, SSB

Headquarters

111 East Travis
La Grange, TX 78945
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.30% 0.66% →
1-Year CD 1.05% 0.67% →
2-Year CD 1.15% 0.75% →
5-Year CD 1.25% 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

Fayette Savings Bank, SSB is an FDIC insured institution located in La Grange, TX. It was founded in 1976 and has approximately $0.27 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 31936
Date Established 1976
Assets $ 269.37 million
Loans $ 202.46 million
Deposits $ 243.17 million
Capital $ 23.20 million
 

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

Deposit Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.30% $2,500 $4,999 Learn More
Money Market
0.25% $2,500 $2,999 Learn More
Money Market
0.45% $10,000 $14,999 Learn More
Money Market
0.45% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
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
1.05% $10,000 $14,999 Learn More
12 Mo CD
1.05% $100,000 $199,999 Learn More
18 Mo CD
1.10% $10,000 $14,999 Learn More
18 Mo CD
1.10% $100,000 $199,999 Learn More
24 Mo CD
1.15% $10,000 $14,999 Learn More
24 Mo CD
1.15% $100,000 $199,999 Learn More
36 Mo CD
1.20% $10,000 $14,999 Learn More
36 Mo CD
1.20% $100,000 $199,999 Learn More
48 Mo CD
1.20% $10,000 $14,999 Learn More
48 Mo CD
1.20% $100,000 $199,999 Learn More
60 Mo CD
1.25% $10,000 $14,999 Learn More
60 Mo CD
1.25% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.35% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Fayette Savings Bank, SSB

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

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Payment
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NMLS ID: 1168
2.790% 2.750% 0.50 $1,290 $1,021 Learn More
Morty, Inc.
NMLS ID: 1429243
2.706% 2.625% 0.63 $2,668 $1,005 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.775% 2.750% 0.38 $808 $1,021 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
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Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to Fayette Savings Bank, SSB
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Branches

Fayette Savings Bank, SSB 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


Fayette Savings Bank, SSB Locations


Financial Details

Fayette Savings Bank, SSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Fayette Savings Bank, SSB. 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
Fayette Savings Bank, SSB U.S. Bank Average
4.39% 5.49%

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 December 31, 2020, Fayette Savings Bank, SSB had $1,089,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $23,195,000 in equity and $1,630,000 in loans loss reserves. That gives it a Texas Ratio of 4.39%.

Return on Equity
Fayette Savings Bank, SSB U.S. Bank Average
13.53% 9.24%

Fayette Savings Bank, SSB has a Return on Equity of 13.53% versus the BestCashCow average of 9.24%. 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
Fayette Savings Bank, SSB U.S. Bank Average
8.61% 11.96%

Fayette Savings Bank, SSB has a Capitalization of 8.61% versus the BestCashCow average of 11.96. 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.

Fayette Savings Bank, SSB Balance Sheet Analysis

As of December 31, 2020, Fayette Savings Bank, SSB had assets of $269,373,000, loans of $202,464,000, and deposits of $243,171,000. 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

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 35.09 million
Interest-bearing balances $ 30.84 million
Total securities $ 23.21 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 202.46 million
Loan loss allowance $ 1.63 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 $ 1.17 million
     Total Assets $ 246.18 million
LIABILITIES
Total deposits $ 243.17 million
      Interest-bearing deposits $ 229.55 million
      Deposits held in domestic offices $ 243.17 million
      % insured (estimated) 73.82%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.39 million
Subordinated debt N.A.
All other liabilities $ 0.62 million
      Total Liabilities $ 246.18 million
      Shareholders’ Equity $ 23.20 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 10.29 million
Total Interest Expense $ 2.48 million
Net interest income $ 7.81 million
Provision for loan and lease losses $ 0.79 million
Total non interest income $ 0.33 million
Total non interest expense $ 4.54 million
Pre-tax Net Operating Income $ 2.81 million

Bank Loan Profile?

The top three loan types in Fayette Savings Bank, SSB’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Texas, Fayette Savings Bank, SSB has a significantly higher percent of 1-4 Family Residential 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 55.55
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.67
Small Business Loans 6.52
Construction and Development Loans 6.90
Commercial Real Estate 11.31
Commercial and Industrial Loans 6.84
Farm Loans 0.00

Frequently Asked Questions About Fayette Savings Bank, Ssb

Branches and Savings

Is Fayette Savings Bank, Ssb FDIC insured?

Yes. It is covered under FDIC Certificate #31936.

Why does Fayette Savings Bank, Ssb pay such low interest on savings accounts?

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

Why are Fayette Savings Bank, Ssb CD rates not competitive?

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

Is Fayette Savings Bank, Ssb a commercial bank?

Yes

Where are Fayette Savings Bank, Ssb locations?

See branch locations nearby.

Is Fayette Savings Bank, Ssb open on Saturdays?

Is Fayette Savings Bank, Ssb open on Sundays?

What time does Fayette Savings Bank, Ssb open?

What time does Fayette Savings Bank, Ssb close?

Are Fayette Savings Bank, Ssb ATMs Open 24/7?

Do Fayette Savings Bank, Ssb ATMs accept cash deposits?

Can Fayette Savings Bank, Ssb customers use other ATMs?

Do Fayette Savings Bank, Ssb branches have notaries?

Will Fayette Savings Bank, Ssb notarize my document?

What address for Fayette Savings Bank, Ssb should I put for incoming ACH transfers?

Will the Fayette Savings Bank, Ssb branch print checks?

Do Fayette Savings Bank, Ssb checks expire?

Does Fayette Savings Bank, Ssb require US citizenship to open account?

Can Fayette Savings Bank, Ssb close my account?

Does Fayette Savings Bank, Ssb Report to credit bureaus?

Does Fayette Savings Bank, Ssb Use Equifax?

What is Fayette Savings Bank, Ssb's ACH Routing Number?

What is Fayette Savings Bank, Ssb's SWIFT code?

Products

Does Fayette Savings Bank, Ssb offer mortgages?

Compare mortgage rates here.

Does Fayette Savings Bank, Ssb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Fayette Savings Bank, Ssb offer personal loans?

Compare personal loan rates here.

Does Fayette Savings Bank, Ssb offer student loans?

Will Fayette Savings Bank, Ssb cash a check?

Will Fayette Savings Bank, Ssb redeem a savings bond?

Does Fayette Savings Bank, Ssb cash savings bonds?

Will Fayette Savings Bank, Ssb cash money orders?

Can Fayette Savings Bank, Ssb issue a money order?

Does Fayette Savings Bank, Ssb do currency exchange?

Background on The Bank

Who owns Fayette Savings Bank, Ssb?

How long has Fayette Savings Bank, Ssb been around?

Can Fayette Savings Bank, Ssb transfer to other banks?

Does Fayette Savings Bank, Ssb have quick pay?

Does Fayette Savings Bank, Ssb accept rolled coins?

Will Fayette Savings Bank, Ssb accept loose change?

Where is Fayette Savings Bank, Ssb headquarters?

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