First Bank and Trust of Childress

Headquarters

301 North Main Street
Childress, TX 79201
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

First Bank and Trust of Childress is an FDIC insured institution located in Childress, TX. It was founded in 1909 and has approximately $0.12 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 3134
Date Established 1909
Assets $ 124.08 million
Loans $ 56.82 million
Deposits $ 113.22 million
Capital $ 10.65 million
 

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

Deposit Rates - September 28, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Bank and Trust of Childress

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
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Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 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
2.990 %
$0 Learn More
More Info

Note to First Bank and Trust of Childress
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Branches

First Bank and Trust of Childress 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 Bank and Trust of Childress Locations


Financial Details

First Bank and Trust of Childress Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Bank and Trust of Childress. 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 Bank and Trust of Childress U.S. Bank Average
0.09% 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 Bank and Trust of Childress had $10,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $10,650,000 in equity and $297,000 in loans loss reserves. That gives it a Texas Ratio of 0.09%.

Return on Equity
First Bank and Trust of Childress U.S. Bank Average
8.23% 7.80%

First Bank and Trust of Childress has a Return on Equity of 8.23% 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 Bank and Trust of Childress U.S. Bank Average
8.58% 12.68%

First Bank and Trust of Childress has a Capitalization of 8.58% 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 Bank and Trust of Childress Balance Sheet Analysis

As of March 31, 2020, First Bank and Trust of Childress had assets of $124,080,000, loans of $56,823,000, and deposits of $113,219,000. 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 $ 7.14 million
Interest-bearing balances $ 2.81 million
Total securities $ 55.99 million
Federal funds sold and reverse repurchase $ 1.78 million
Net loans and leases $ 56.82 million
Loan loss allowance $ 0.30 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 $ 1.55 million
     Total Assets $ 113.43 million
LIABILITIES
Total deposits $ 113.22 million
      Interest-bearing deposits $ 99.67 million
      Deposits held in domestic offices $ 113.22 million
      % insured (estimated) 59.23%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.21 million
      Total Liabilities $ 113.43 million
      Shareholders’ Equity $ 10.65 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.08 million
Total Interest Expense $ 0.43 million
Net interest income $ 0.65 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.12 million
Total non interest expense $ 0.56 million
Pre-tax Net Operating Income $ 0.22 million

Bank Loan Profile?

The top three loan types in First Bank and Trust of Childress’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Texas, First Bank and Trust of Childress has a significantly higher percent of Commercial and Industrial 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 18.47
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.90
Small Business Loans 0.00
Construction and Development Loans 1.38
Commercial Real Estate 11.78
Commercial and Industrial Loans 33.27
Farm Loans 9.68

Frequently Asked Questions About First Bank And Trust Of Childress

Branches and Savings

Is First Bank And Trust Of Childress FDIC insured?

Yes. It is covered under FDIC Certificate #3134.

Why does First Bank And Trust Of Childress pay such low interest on savings accounts?

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

Why are First Bank And Trust Of Childress CD rates not competitive?

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

Is First Bank And Trust Of Childress a commercial bank?

Yes

Where are First Bank And Trust Of Childress locations?

See branch locations nearby.

Is First Bank And Trust Of Childress open on Saturdays?

Is First Bank And Trust Of Childress open on Sundays?

What time does First Bank And Trust Of Childress open?

What time does First Bank And Trust Of Childress close?

Are First Bank And Trust Of Childress ATMs Open 24/7?

Do First Bank And Trust Of Childress ATMs accept cash deposits?

Can First Bank And Trust Of Childress customers use other ATMs?

Do First Bank And Trust Of Childress branches have notaries?

Will First Bank And Trust Of Childress notarize my document?

What address for First Bank And Trust Of Childress should I put for incoming ACH transfers?

Will the First Bank And Trust Of Childress branch print checks?

Do First Bank And Trust Of Childress checks expire?

Does First Bank And Trust Of Childress require US citizenship to open account?

Can First Bank And Trust Of Childress close my account?

Does First Bank And Trust Of Childress Report to credit bureaus?

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Products

Does First Bank And Trust Of Childress offer mortgages?

Compare mortgage rates here.

Does First Bank And Trust Of Childress offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Bank And Trust Of Childress offer personal loans?

Compare personal loan rates here.

Does First Bank And Trust Of Childress offer student loans?

Will First Bank And Trust Of Childress cash a check?

Will First Bank And Trust Of Childress redeem a savings bond?

Does First Bank And Trust Of Childress cash savings bonds?

Will First Bank And Trust Of Childress cash money orders?

Can First Bank And Trust Of Childress issue a money order?

Does First Bank And Trust Of Childress do currency exchange?

Background on The Bank

Who owns First Bank And Trust Of Childress?

How long has First Bank And Trust Of Childress been around?

Can First Bank And Trust Of Childress transfer to other banks?

Does First Bank And Trust Of Childress have quick pay?

Does First Bank And Trust Of Childress accept rolled coins?

Will First Bank And Trust Of Childress accept loose change?

Where is First Bank And Trust Of Childress headquarters?

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