Finance and Thrift Company

Headquarters

268 North Main Street
Porterville, CA 93257
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 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

Finance and Thrift Company is an FDIC insured institution located in Porterville, CA. It was founded in 1925 and has approximately $0.12 billion in assets.

FDIC Insured Yes
FDIC Certificate # 25870
Date Established 1925
Assets $ 120.25 million
Loans $ 88.88 million
Deposits $ 85.60 million
Capital $ 33.30 million
 

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

Deposit Rates - October 19, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 19, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Finance and Thrift Company

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
2.574% 2.500% 1.00 $2,445 $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

Note to Finance and Thrift Company
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Branches

Finance and Thrift Company 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


Finance and Thrift Company Locations


Financial Details

Finance and Thrift Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Finance and Thrift Company. 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
Finance and Thrift Company U.S. Bank Average
2.37% 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, Finance and Thrift Company had $875,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $33,301,000 in equity and $3,692,000 in loans loss reserves. That gives it a Texas Ratio of 2.37%.

Return on Equity
Finance and Thrift Company U.S. Bank Average
1.67% 7.80%

Finance and Thrift Company has a Return on Equity of 1.67% 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
Finance and Thrift Company U.S. Bank Average
27.69% 12.68%

Finance and Thrift Company has a Capitalization of 27.69% 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.

Finance and Thrift Company Balance Sheet Analysis

As of March 31, 2015, Finance and Thrift Company had assets of $117,999,000, loans of $88,875,000, and deposits of $85,602,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 88.88 million
Loan loss allowance $ 3.69 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 N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 85.60 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 120.25 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Finance and Thrift Company’s loan portfolio are Consumer Auto Loans, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in California, Finance and Thrift Company has a significantly higher percent of Consumer Auto 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 0.52
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 100.00
Small Business Loans 0.09
Construction and Development Loans 0.00
Commercial Real Estate 0.09
Commercial and Industrial Loans 0.35
Farm Loans 0.00

Frequently Asked Questions About Finance And Thrift Company

Branches and Savings

Is Finance And Thrift Company FDIC insured?

Yes. It is covered under FDIC Certificate #25870.

Why does Finance And Thrift Company pay such low interest on savings accounts?

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

Why are Finance And Thrift Company CD rates not competitive?

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

Is Finance And Thrift Company a commercial bank?

Yes

Where are Finance And Thrift Company locations?

See branch locations nearby.

Is Finance And Thrift Company open on Saturdays?

Is Finance And Thrift Company open on Sundays?

What time does Finance And Thrift Company open?

What time does Finance And Thrift Company close?

Are Finance And Thrift Company ATMs Open 24/7?

Do Finance And Thrift Company ATMs accept cash deposits?

Can Finance And Thrift Company customers use other ATMs?

Do Finance And Thrift Company branches have notaries?

Will Finance And Thrift Company notarize my document?

What address for Finance And Thrift Company should I put for incoming ACH transfers?

Will the Finance And Thrift Company branch print checks?

Do Finance And Thrift Company checks expire?

Does Finance And Thrift Company require US citizenship to open account?

Can Finance And Thrift Company close my account?

Does Finance And Thrift Company Report to credit bureaus?

Does Finance And Thrift Company Use Equifax?

What is Finance And Thrift Company's ACH Routing Number?

What is Finance And Thrift Company's SWIFT code?

Products

Does Finance And Thrift Company offer mortgages?

Compare mortgage rates here.

Does Finance And Thrift Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Finance And Thrift Company offer personal loans?

Compare personal loan rates here.

Does Finance And Thrift Company offer student loans?

Will Finance And Thrift Company cash a check?

Will Finance And Thrift Company redeem a savings bond?

Does Finance And Thrift Company cash savings bonds?

Will Finance And Thrift Company cash money orders?

Can Finance And Thrift Company issue a money order?

Does Finance And Thrift Company do currency exchange?

Background on The Bank

Who owns Finance And Thrift Company?

How long has Finance And Thrift Company been around?

Can Finance And Thrift Company transfer to other banks?

Does Finance And Thrift Company have quick pay?

Does Finance And Thrift Company accept rolled coins?

Will Finance And Thrift Company accept loose change?

Where is Finance And Thrift Company headquarters?

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