First Community Bank of Cullman

Headquarters

420 2nd Avenue, Sw
Cullman, AL 35055
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 0.95% →
1-Year CD 0.45% 1.01% →
2-Year CD 0.40% 0.95% →
5-Year CD 1.00% 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 Community Bank of Cullman is an FDIC insured institution located in Cullman, AL. It was founded in 1905 and has approximately $0.13 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 30166
Date Established 1905
Assets $ 132.68 million
Loans $ 99.67 million
Deposits $ 99.27 million
Capital $ 10.75 million
 

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

Deposit Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $2,500 $4,999 Learn More
Money Market
1.00% $2,500 $2,999 Learn More
Money Market
1.00% $10,000 $14,999 Learn More
Money Market
1.00% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.45% $10,000 $14,999 Learn More
12 Mo CD
0.45% $100,000 $199,999 Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
30 Mo CD
0.40% $10,000 $14,999 Learn More
30 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 13 Mo FIRA
1.00% $50 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Community Bank of Cullman

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
2.669% 2.625% 0.63 $1,450 $1,005 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 Community Bank of Cullman
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Branches

First Community Bank of Cullman 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 Community Bank of Cullman Locations


Financial Details

First Community Bank of Cullman Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Community Bank of Cullman. 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 Community Bank of Cullman U.S. Bank Average
5.94% 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 Community Bank of Cullman had $550,000 in non-current loans and $162,000 in owned real estate. To cover these potential losses it had $10,748,000 in equity and $1,248,000 in loans loss reserves. That gives it a Texas Ratio of 5.94%.

Return on Equity
First Community Bank of Cullman U.S. Bank Average
8.28% 7.80%

First Community Bank of Cullman has a Return on Equity of 8.28% 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 Community Bank of Cullman U.S. Bank Average
8.1% 12.68%

First Community Bank of Cullman has a Capitalization of 8.1% 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 Community Bank of Cullman Balance Sheet Analysis

As of March 31, 2020, First Community Bank of Cullman had assets of $132,675,000, loans of $99,667,000, and deposits of $99,270,000. 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 $ 15.08 million
Interest-bearing balances $ 13.97 million
Total securities $ 3.80 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 99.67 million
Loan loss allowance $ 1.25 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.16 million
Goodwill and other intangibles N.A.
All other assets $ 8.85 million
     Total Assets $ 121.93 million
LIABILITIES
Total deposits $ 99.27 million
      Interest-bearing deposits $ 88.41 million
      Deposits held in domestic offices $ 99.27 million
      % insured (estimated) 83.27%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 18.00 million
Subordinated debt N.A.
All other liabilities $ 4.66 million
      Total Liabilities $ 121.93 million
      Shareholders’ Equity $ 10.75 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.41 million
Total Interest Expense $ 0.43 million
Net interest income $ 0.98 million
Provision for loan and lease losses $ 0.08 million
Total non interest income $ 0.19 million
Total non interest expense $ 0.80 million
Pre-tax Net Operating Income $ 0.29 million

Bank Loan Profile?

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

Compared to other banks in Alabama, First Community Bank of Cullman has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages 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 49.77
Multifamily
Mortgages
11.37
Credit Card Loans 0.00
Consumer Auto Loans 2.35
Small Business Loans 9.37
Construction and Development Loans 8.10
Commercial Real Estate 23.02
Commercial and Industrial Loans 5.45
Farm Loans 0.00

Frequently Asked Questions About First Community Bank Of Cullman

Branches and Savings

Is First Community Bank Of Cullman FDIC insured?

Yes. It is covered under FDIC Certificate #30166.

Why does First Community Bank Of Cullman pay such low interest on savings accounts?

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

Why are First Community Bank Of Cullman CD rates not competitive?

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

Is First Community Bank Of Cullman a commercial bank?

Yes

Where are First Community Bank Of Cullman locations?

See branch locations nearby.

Is First Community Bank Of Cullman open on Saturdays?

Is First Community Bank Of Cullman open on Sundays?

What time does First Community Bank Of Cullman open?

What time does First Community Bank Of Cullman close?

Are First Community Bank Of Cullman ATMs Open 24/7?

Do First Community Bank Of Cullman ATMs accept cash deposits?

Can First Community Bank Of Cullman customers use other ATMs?

Do First Community Bank Of Cullman branches have notaries?

Will First Community Bank Of Cullman notarize my document?

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

Will the First Community Bank Of Cullman branch print checks?

Do First Community Bank Of Cullman checks expire?

Does First Community Bank Of Cullman require US citizenship to open account?

Can First Community Bank Of Cullman close my account?

Does First Community Bank Of Cullman Report to credit bureaus?

Does First Community Bank Of Cullman Use Equifax?

What is First Community Bank Of Cullman's ACH Routing Number?

What is First Community Bank Of Cullman's SWIFT code?

Products

Does First Community Bank Of Cullman offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Community Bank Of Cullman offer personal loans?

Compare personal loan rates here.

Does First Community Bank Of Cullman offer student loans?

Will First Community Bank Of Cullman cash a check?

Will First Community Bank Of Cullman redeem a savings bond?

Does First Community Bank Of Cullman cash savings bonds?

Will First Community Bank Of Cullman cash money orders?

Can First Community Bank Of Cullman issue a money order?

Does First Community Bank Of Cullman do currency exchange?

Background on The Bank

Who owns First Community Bank Of Cullman?

How long has First Community Bank Of Cullman been around?

Can First Community Bank Of Cullman transfer to other banks?

Does First Community Bank Of Cullman have quick pay?

Does First Community Bank Of Cullman accept rolled coins?

Will First Community Bank Of Cullman accept loose change?

Where is First Community Bank Of Cullman headquarters?

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