First County Bank

117 Prospect Street
Stamford, CT 06901

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 18204
Date Established 1851
Assets $1.70 billion
Loans $1.31 billion
Deposits $1.16 billion
Capital $0.15 billion

First County Bank is an FDIC insured institution located in Stamford, CT. It was founded in 1851 and has approximately $1.7 billion in assets. Customers can open an account at one of its 19 branches.

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

Deposit Rates - August 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,500 $24,999 Learn MoreShow Less
Money Market
0.15% $25,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $1,000 - Learn MoreShow Less
6 Mo CD
0.10% $1,000 - Learn MoreShow Less
Special: 11 Mo CD
1.75% $1,000 - Learn MoreShow Less
12 Mo CD
0.25% $1,000 - Learn MoreShow Less
Special: 12 Mo CD
1.74% $10,000 - Learn MoreShow Less
Special: 13 Mo CD
1.95% $1,000 - Learn MoreShow Less
Special: 14 Mo CD
1.50% $1,000 - Learn MoreShow Less
Special: 18 Mo CD
2.00% $1,000 - Learn MoreShow Less
18 Mo CD
2.00% $1,000 - Learn MoreShow Less
24 Mo CD
0.50% $1,000 - Learn MoreShow Less
Special: 30 Mo CD
2.00% $1,000 - Learn MoreShow Less
30 Mo CD
2.00% $1,000 - Learn MoreShow Less
Special: 36 Mo CD
2.00% $1,000 - Learn MoreShow Less
36 Mo CD
0.70% $1,000 - Learn MoreShow Less
48 Mo CD
1.10% $1,000 - Learn MoreShow Less
60 Mo CD
1.25% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.25% $500 - Learn MoreShow Less
Special: 30 Mo FIRA
2.00% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.03% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $1 - Learn MoreShow Less

Loan Rates - August 24, 2019

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

First County 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 County Bank Locations


Financial Details

First County Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First County 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 County Bank U.S. Bank Average
6.46% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, First County Bank had $9,672,000 in non-current loans and $418,000 in owned real estate. To cover these potential losses it had $145,902,000 in equity and $10,174,000 in loans loss reserves. That gives it a Texas Ratio of 6.46%.

Return on Equity
First County Bank U.S. Bank Average
6.65% 9.47%

First County Bank has a Return on Equity of 6.65% versus the BestCashCow average of 9.47%. 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 County Bank U.S. Bank Average
8.6% 12.49%

First County Bank has a Capitalization of 8.6% versus the BestCashCow average of 12.49. 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 County Bank Balance Sheet Analysis

As of March 31, 2019, First County Bank had assets of $1,697,353,000, loans of $1,306,976,000, and deposits of $1,155,510,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.28 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.31 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.08 billion
     Total Assets $1.55 billion
LIABILITIES
Total deposits $1.16 billion
      Interest-bearing deposits $0.90 billion
      Deposits held in domestic offices $1.16 billion
      % insured (estimated) 81.19%
Federal funds purchased and repurchase agreements $0.02 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.35 billion
Subordinated debt $0.00 billion
All other liabilities $0.03 billion
      Total Liabilities $1.55 billion
      Shareholders’ Equity $0.15 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks in Connecticut, First County Bank has a significantly higher percent of Construction and Development 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 66.13
Multifamily
Mortgages
2.30
Credit Card Loans 0.00
Consumer Auto Loans 1.00
Small Business Loans 5.13
Construction and Development Loans 7.35
Commercial Real Estate 18.74
Commercial and Industrial Loans 5.18
Farm Loans 0.00

Frequently Asked Questions About First County Bank

Branches and Savings

Is First County Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18204.

Why does First County 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 County Bank CD rates not competitive?

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

Is First County Bank a commercial bank?

Yes

Where are First County Bank locations?

See branch locations nearby.

Is First County Bank open on Saturdays?

Is First County Bank open on Sundays?

What time does First County Bank open?

What time does First County Bank close?

Are First County Bank ATMs Open 24/7?

Do First County Bank ATMs accept cash deposits?

Can First County Bank customers use other ATMs?

Do First County Bank branches have notaries?

Will First County Bank notarize my document?

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

Will the First County Bank branch print checks?

Do First County Bank checks expire?

Does First County Bank require US citizenship to open account?

Can First County Bank close my account?

Does First County Bank Report to credit bureaus?

Does First County Bank Use Equifax?

What is First County Bank's ACH Routing Number?

What is First County Bank's SWIFT code?

Products

Does First County Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First County Bank offer personal loans?

Compare personal loan rates here.

Does First County Bank offer student loans?

Will First County Bank cash a check?

Will First County Bank redeem a savings bond?

Does First County Bank cash savings bonds?

Will First County Bank cash money orders?

Can First County Bank issue a money order?

Does First County Bank do currency exchange?

Background on The Bank

Who owns First County Bank?

How long has First County Bank been around?

Can First County Bank transfer to other banks?

Does First County Bank have quick pay?

Does First County Bank accept rolled coins?

Will First County Bank accept loose change?

Where is First County Bank headquarters?

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