Fifth District Savings Bank

4000 General Degaulle Dr
New Orleans, LA 70114

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27697
Date Established 1926
Assets $0.43 billion
Loans $0.32 billion
Deposits $0.35 billion
Capital $0.08 billion

Fifth District Savings Bank is an FDIC insured institution located in New Orleans, LA. It was founded in 1926 and has approximately $0.43 billion in assets. Customers can open an account at one of its 6 branches.

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

Deposit Rates - August 23, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $2,500 $24,999 Learn MoreShow Less
Money Market
0.75% $25,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.20% $1,000 - Learn MoreShow Less
1.50% $1,000 $49,999 Learn MoreShow Less
6 Mo CD
0.35% $90,000 - Learn MoreShow Less
0.35% $90,000 $9,999,999 Learn MoreShow Less
2.25% $1,000 $49,999 Learn MoreShow Less
1.90% $90,000 $9,999,999 Learn MoreShow Less
12 Mo CD
1.90% $90,000 - Learn MoreShow Less
18 Mo CD
1.80% $1,000 - Learn MoreShow Less
24 Mo CD
2.25% $1,000 - Learn MoreShow Less
30 Mo CD
1.35% $1,000 - Learn MoreShow Less
2.35% $1,000 $9,999,999 Learn MoreShow Less
36 Mo CD
2.35% $1,000 - Learn MoreShow Less
48 Mo CD
0.90% $1,000 - Learn MoreShow Less
60 Mo CD
1.30% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
2.25% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.50% $25 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $300 - Learn MoreShow Less

Loan Rates - August 23, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Fifth District Savings Bank

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

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.529% 3.500% 0.38 $898 $1,123 Learn More
First Internet Bank
NMLS ID: 424182
3.633% 3.625% 0.13 $245 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.240 %
$0 Learn More
More Info

Note to Fifth District Savings Bank
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Branches

Fifth District 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:
Seattle,Washington


Fifth District Savings Bank Locations


Financial Details

Fifth District Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Fifth District 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
Fifth District Savings Bank U.S. Bank Average
1.31% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Fifth District Savings Bank had $1,017,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $75,299,000 in equity and $2,309,000 in loans loss reserves. That gives it a Texas Ratio of 1.31%.

Return on Equity
Fifth District Savings Bank U.S. Bank Average
3.46% 9.47%

Fifth District Savings Bank has a Return on Equity of 3.46% versus the BestCashCow average of 9.47%. 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
Fifth District Savings Bank U.S. Bank Average
17.38% 12.49%

Fifth District Savings Bank has a Capitalization of 17.38% versus the BestCashCow average of 12.49. 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.

Fifth District Savings Bank Balance Sheet Analysis

As of March 31, 2019, Fifth District Savings Bank had assets of $433,172,000, loans of $323,779,000, and deposits of $353,680,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.02 billion
Total securities $0.07 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.32 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.36 billion
LIABILITIES
Total deposits $0.35 billion
      Interest-bearing deposits $0.35 billion
      Deposits held in domestic offices $0.35 billion
      % insured (estimated) 95.32%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.36 billion
      Shareholders’ Equity $0.08 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Fifth District Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Small Business Loans.

Compared to other banks in Louisiana, Fifth District Savings Bank 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 94.75
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.09
Construction and Development Loans 5.44
Commercial Real Estate 0.09
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Fifth District Savings Bank

Branches and Savings

Is Fifth District Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27697.

Why does Fifth District 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 Fifth District Savings Bank CD rates not competitive?

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

Is Fifth District Savings Bank a commercial bank?

Yes

Where are Fifth District Savings Bank locations?

See branch locations nearby.

Is Fifth District Savings Bank open on Saturdays?

Is Fifth District Savings Bank open on Sundays?

What time does Fifth District Savings Bank open?

What time does Fifth District Savings Bank close?

Are Fifth District Savings Bank ATMs Open 24/7?

Do Fifth District Savings Bank ATMs accept cash deposits?

Can Fifth District Savings Bank customers use other ATMs?

Do Fifth District Savings Bank branches have notaries?

Will Fifth District Savings Bank notarize my document?

What address for Fifth District Savings Bank should I put for incoming ACH transfers?

Will the Fifth District Savings Bank branch print checks?

Do Fifth District Savings Bank checks expire?

Does Fifth District Savings Bank require US citizenship to open account?

Can Fifth District Savings Bank close my account?

Does Fifth District Savings Bank Report to credit bureaus?

Does Fifth District Savings Bank Use Equifax?

What is Fifth District Savings Bank's ACH Routing Number?

What is Fifth District Savings Bank's SWIFT code?

Products

Does Fifth District Savings Bank offer mortgages?

Compare mortgage rates here.

Does Fifth District Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Fifth District Savings Bank offer personal loans?

Compare personal loan rates here.

Does Fifth District Savings Bank offer student loans?

Will Fifth District Savings Bank cash a check?

Will Fifth District Savings Bank redeem a savings bond?

Does Fifth District Savings Bank cash savings bonds?

Will Fifth District Savings Bank cash money orders?

Can Fifth District Savings Bank issue a money order?

Does Fifth District Savings Bank do currency exchange?

Background on The Bank

Who owns Fifth District Savings Bank?

How long has Fifth District Savings Bank been around?

Can Fifth District Savings Bank transfer to other banks?

Does Fifth District Savings Bank have quick pay?

Does Fifth District Savings Bank accept rolled coins?

Will Fifth District Savings Bank accept loose change?

Where is Fifth District Savings Bank headquarters?

Customer Reviews for Fifth District Savings Bank


  • Amanda Dailey

    July 19, 2019 |

    Fifth District was great when we went to purchase a home and they gave us a very simple process to obtain a mortgage loan. I recommended them many times as I know many realtors however they really disappointed me when it came to the personal service a local bank typically has an advantage of a large bank. 3 years ago my ex and I purchased a home together and this last fall we split, with an agreement my ex kept the home and would refinance my name off the mortgage within 2 years. I am a small business owner and in June was denied the extension of our credit line due to recent late mortgage payments which shocked me. When I looked into it, the bank had sent an escrow analysis to the house in the fall and it subsequently changed the payment on the house which was an auto draft from our bank account. This resulted in the mortgage payment being short and they called my ex to let her know it was short and she brought in a larger lump sum payment to bring it current. She did not understand at that time that the amount of the payment still needed to change or it would, and did fall short again in April this year and she then corrected the amount being debited to $300 more than the new higher payment even.
    When I called the banker and explained that I was unaware and my ex simply was not used to handling the finances they gave me a change of address form so I could be copied on future mailings however went seemingly out of their way (the banker Dawn, and then her manager Dodie, whose number I requested) to describe to me in technical detail how right they were that the payments were late. I understood this but was making a plea to remove the 2 late reports from my otherwise perfect credit because this was not a matter of blatantly not paying our obligations, it was a matter of not understanding that the lump sum paid in the fall was not the entire amount and the mortgage payment itself needed to be changed, and was changed over and above when she understood that. I normally would never ask this but late mortgage payments would have an effect on her refinancing the loan out of my name, my ability to purchase in the future and most importantly it was having a crippling effect currently on my small business and ability to borrow money for inventory. I sent my plea in an email after speaking to both of them with no hope and told them that I hoped they could be understanding that we take our obligations and credit seriously and the lates would portray that we had a blatant disregard for paying our bills and they of all people know we do not, otherwise they would not have given the loan in the first place. Credit reporting is voluntary and the agencies are private and in no way run or controlled by the federal government. Banks do not have to report payment history at all and only do so for the benefit of a sense of punishment if a borrower is slow paying or doesn't pay. If a lender feels that a delinquency was a misunderstanding and not a true failure to pay the obligation they have every right and are in fact encouraged to correct reporting to reflect a more accurate picture of the borrowers ability to repay debt.
    In the end, the bankers I spoke to (who are the specific people that report these lates to the bureaus each day) not only kept the 2 lates that were effecting my credit, but then went back and showed the delinquencies from the fall that had not been previously reported, now making it 7 x 30 day lates. I will never understand why a local bank who has the advantage of personal relationships with its clients would take actions like this. I was never rude and would be happy to provide a copy of the email I sent to anyone on the fence.
    In my previous career I was a fully delegated underwriter for Fannie Mae, FHLMC, FHA, VA and two other less known entities. In my 12 year experience as such, many times I had to look into late mortgage payments for this very reason and never once did I speak to a mortgage servicer for any of these entities that was so hell bent on painting an inaccurate picture of a person's ability to repay debt simply for the fact that they could. If you want a bank that wants relationships, Fifth District is NOT the bank for you. I underwrote for large banks during my career and as large as we were, if someone called us with this request we would never hesitate to do everything in our power to give them the benefit of the doubt. Understandably, that was not ongoing but if instead we went back and made things worse, it meant we probably were not the right people for that job. From this experience, it is a good example of how poor performance comes from the top down and the bank as a whole needs to really examine what management is either allowing or condoning in its mortgage department.

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