First Advantage Bank

Headquarters

1430 Madison Street
Clarksville, TN 37040
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 1.01% →
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

First Advantage Bank is an FDIC insured institution located in Clarksville, TN. It was founded in 1953 and has approximately $0.74 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 30698
Date Established 1953
Assets $ 737.20 million
Loans $ 644.55 million
Deposits $ 611.20 million
Capital $ 75.09 million
 

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

Deposit Rates - October 31, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 31, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Advantage Bank

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.558% 2.500% 0.75 $1,908 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia 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 First Advantage Bank
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Branches

First Advantage 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:
Ashburn,Virginia


First Advantage Bank Locations


Financial Details

First Advantage Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Advantage 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
First Advantage Bank U.S. Bank Average
8.54% 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, First Advantage Bank had $6,787,000 in non-current loans and $93,000 in owned real estate. To cover these potential losses it had $75,091,000 in equity and $5,426,000 in loans loss reserves. That gives it a Texas Ratio of 8.54%.

Return on Equity
First Advantage Bank U.S. Bank Average
6.05% 7.80%

First Advantage Bank has a Return on Equity of 6.05% 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
First Advantage Bank U.S. Bank Average
10.19% 12.68%

First Advantage Bank has a Capitalization of 10.19% 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.

First Advantage Bank Balance Sheet Analysis

As of March 31, 2020, First Advantage Bank had assets of $735,247,000, loans of $644,551,000, and deposits of $611,197,000. 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 $ 10.68 million
Interest-bearing balances $ 4.04 million
Total securities $ 37.29 million
Federal funds sold and reverse repurchase $ 0.73 million
Net loans and leases $ 644.55 million
Loan loss allowance $ 5.43 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.09 million
Goodwill and other intangibles N.A.
All other assets $ 27.83 million
     Total Assets $ 660.16 million
LIABILITIES
Total deposits $ 611.20 million
      Interest-bearing deposits $ 545.33 million
      Deposits held in domestic offices $ 611.20 million
      % insured (estimated) 78.99%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 35.98 million
Subordinated debt N.A.
All other liabilities $ 12.98 million
      Total Liabilities $ 660.16 million
      Shareholders’ Equity $ 77.05 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 9.93 million
Total Interest Expense $ 2.62 million
Net interest income $ 7.31 million
Provision for loan and lease losses $ 0.58 million
Total non interest income $ 1.23 million
Total non interest expense $ 11.09 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks, First Advantage Bank’s loan portfolio does not show any specific loan specialty.

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 15.56
Multifamily
Mortgages
3.49
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 0.00
Construction and Development Loans 13.39
Commercial Real Estate 31.09
Commercial and Industrial Loans 11.70
Farm Loans 0.00

Frequently Asked Questions About First Advantage Bank

Branches and Savings

Is First Advantage Bank FDIC insured?

Yes. It is covered under FDIC Certificate #30698.

Why does First Advantage Bank pay such low interest on savings accounts?

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

Why are First Advantage Bank CD rates not competitive?

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

Is First Advantage Bank a commercial bank?

Yes

Where are First Advantage Bank locations?

See branch locations nearby.

Is First Advantage Bank open on Saturdays?

Is First Advantage Bank open on Sundays?

What time does First Advantage Bank open?

What time does First Advantage Bank close?

Are First Advantage Bank ATMs Open 24/7?

Do First Advantage Bank ATMs accept cash deposits?

Can First Advantage Bank customers use other ATMs?

Do First Advantage Bank branches have notaries?

Will First Advantage Bank notarize my document?

What address for First Advantage Bank should I put for incoming ACH transfers?

Will the First Advantage Bank branch print checks?

Do First Advantage Bank checks expire?

Does First Advantage Bank require US citizenship to open account?

Can First Advantage Bank close my account?

Does First Advantage Bank Report to credit bureaus?

Does First Advantage Bank Use Equifax?

What is First Advantage Bank's ACH Routing Number?

What is First Advantage Bank's SWIFT code?

Products

Does First Advantage Bank offer mortgages?

Compare mortgage rates here.

Does First Advantage Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Advantage Bank offer personal loans?

Compare personal loan rates here.

Does First Advantage Bank offer student loans?

Will First Advantage Bank cash a check?

Will First Advantage Bank redeem a savings bond?

Does First Advantage Bank cash savings bonds?

Will First Advantage Bank cash money orders?

Can First Advantage Bank issue a money order?

Does First Advantage Bank do currency exchange?

Background on The Bank

Who owns First Advantage Bank?

How long has First Advantage Bank been around?

Can First Advantage Bank transfer to other banks?

Does First Advantage Bank have quick pay?

Does First Advantage Bank accept rolled coins?

Will First Advantage Bank accept loose change?

Where is First Advantage Bank headquarters?

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