First Bank of Linden

Headquarters

114 East Coats Avenue
Linden, AL 36748
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. 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 Bank of Linden is an FDIC insured institution located in Linden, AL. It was founded in 1904 and has approximately $0.08 billion in assets.

FDIC Insured Yes
FDIC Certificate # 15695
Date Established 1904
Assets $ 77.23 million
Loans $ 26.57 million
Deposits $ 65.44 million
Capital $ 11.62 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Bank of Linden

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

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3.872% 3.750% 1.00 $3,750 $1,158 Learn More
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License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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2.990 %
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Note to First Bank of Linden
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Branches

First Bank of Linden 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


First Bank of Linden Locations


Financial Details

First Bank of Linden Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Bank of Linden. 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 of Linden U.S. Bank Average
3.3% 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 of Linden had $0 in non-current loans and $394,000 in owned real estate. To cover these potential losses it had $11,619,000 in equity and $325,000 in loans loss reserves. That gives it a Texas Ratio of 3.3%.

Return on Equity
First Bank of Linden U.S. Bank Average
3.79% 7.80%

First Bank of Linden has a Return on Equity of 3.79% 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 of Linden U.S. Bank Average
15.05% 12.68%

First Bank of Linden has a Capitalization of 15.05% 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 of Linden Balance Sheet Analysis

As of March 31, 2020, First Bank of Linden had assets of $77,227,000, loans of $26,573,000, and deposits of $65,443,000. 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 $ 5.86 million
Interest-bearing balances N.A.
Total securities $ 36.84 million
Federal funds sold and reverse repurchase $ 6.30 million
Net loans and leases $ 26.57 million
Loan loss allowance $ 0.33 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.39 million
Goodwill and other intangibles N.A.
All other assets $ 0.84 million
     Total Assets $ 65.61 million
LIABILITIES
Total deposits $ 65.44 million
      Interest-bearing deposits $ 53.45 million
      Deposits held in domestic offices $ 65.44 million
      % insured (estimated) 87.15%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.17 million
      Total Liabilities $ 65.61 million
      Shareholders’ Equity $ 11.62 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.73 million
Total Interest Expense $ 0.17 million
Net interest income $ 0.57 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.06 million
Total non interest expense $ 0.52 million
Pre-tax Net Operating Income $ 0.11 million

Bank Loan Profile?

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

Compared to other banks in Alabama, First Bank of Linden 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 12.08
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.16
Small Business Loans 0.00
Construction and Development Loans 0.50
Commercial Real Estate 17.04
Commercial and Industrial Loans 25.56
Farm Loans 3.15

Frequently Asked Questions About First Bank Of Linden

Branches and Savings

Is First Bank Of Linden FDIC insured?

Yes. It is covered under FDIC Certificate #15695.

Why does First Bank Of Linden 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 Of Linden CD rates not competitive?

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

Is First Bank Of Linden a commercial bank?

Yes

Where are First Bank Of Linden locations?

See branch locations nearby.

Is First Bank Of Linden open on Saturdays?

Is First Bank Of Linden open on Sundays?

What time does First Bank Of Linden open?

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Are First Bank Of Linden ATMs Open 24/7?

Do First Bank Of Linden ATMs accept cash deposits?

Can First Bank Of Linden customers use other ATMs?

Do First Bank Of Linden branches have notaries?

Will First Bank Of Linden notarize my document?

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

Will the First Bank Of Linden branch print checks?

Do First Bank Of Linden checks expire?

Does First Bank Of Linden require US citizenship to open account?

Can First Bank Of Linden close my account?

Does First Bank Of Linden Report to credit bureaus?

Does First Bank Of Linden Use Equifax?

What is First Bank Of Linden's ACH Routing Number?

What is First Bank Of Linden's SWIFT code?

Products

Does First Bank Of Linden offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Bank Of Linden offer personal loans?

Compare personal loan rates here.

Does First Bank Of Linden offer student loans?

Will First Bank Of Linden cash a check?

Will First Bank Of Linden redeem a savings bond?

Does First Bank Of Linden cash savings bonds?

Will First Bank Of Linden cash money orders?

Can First Bank Of Linden issue a money order?

Does First Bank Of Linden do currency exchange?

Background on The Bank

Who owns First Bank Of Linden?

How long has First Bank Of Linden been around?

Can First Bank Of Linden transfer to other banks?

Does First Bank Of Linden have quick pay?

Does First Bank Of Linden accept rolled coins?

Will First Bank Of Linden accept loose change?

Where is First Bank Of Linden headquarters?

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