First Lowndes Bank

Headquarters

115 West Old Fort Road
Fort Deposit, AL 36032
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
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 Lowndes Bank is an FDIC insured institution located in Fort Deposit, AL. It was founded in 1984 and has approximately $0.14 billion in assets.

First Lowndes Bank, Fort Deposit, Alabama, was closed March 19, 2010 by the Alabama Banking Department, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First Citizens Bank, Luverne, Alabama, to assume all of the deposits of First Lowndes Bank.

FDIC Insured Yes
FDIC Certificate # 24957
Date Established 1984
Assets $ 137.18 million
Loans $ 98.60 million
Deposits $ 131.12 million
Capital $ 2.82 million
 

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

Deposit Rates - October 27, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 27, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Lowndes Bank

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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Payment
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.674% 2.625% 0.63 $1,595 $1,005 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Third Federal Savings and Loans
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2.240 %
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People's United Bank, N.A.
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4.000 %
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Note to First Lowndes Bank
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Branches

First Lowndes 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:
Fairfield,Connecticut


First Lowndes Bank Locations


Financial Details

First Lowndes Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Lowndes 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 Lowndes Bank U.S. Bank Average
125.67% 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 Lowndes Bank had $8,642,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,824,000 in equity and $4,053,000 in loans loss reserves. That gives it a Texas Ratio of 125.67%.

Return on Equity
First Lowndes Bank U.S. Bank Average
-103.19% 7.80%

First Lowndes Bank has a Return on Equity of -103.19% 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 Lowndes Bank U.S. Bank Average
2.06% 12.68%

First Lowndes Bank has a Capitalization of 2.06% 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 Lowndes Bank Balance Sheet Analysis

As of November 30, -0001, First Lowndes Bank had assets of $137,175,000, loans of $98,601,000, and deposits of $131,117,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 98.60 million
Loan loss allowance $ 4.05 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 N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 131.12 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 137.18 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in First Lowndes Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, First Lowndes 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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About First Lowndes Bank

Branches and Savings

Is First Lowndes Bank FDIC insured?

Yes. It is covered under FDIC Certificate #24957.

Why does First Lowndes 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 Lowndes Bank CD rates not competitive?

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

Is First Lowndes Bank a commercial bank?

Yes

Where are First Lowndes Bank locations?

See branch locations nearby.

Is First Lowndes Bank open on Saturdays?

Is First Lowndes Bank open on Sundays?

What time does First Lowndes Bank open?

What time does First Lowndes Bank close?

Are First Lowndes Bank ATMs Open 24/7?

Do First Lowndes Bank ATMs accept cash deposits?

Can First Lowndes Bank customers use other ATMs?

Do First Lowndes Bank branches have notaries?

Will First Lowndes Bank notarize my document?

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

Will the First Lowndes Bank branch print checks?

Do First Lowndes Bank checks expire?

Does First Lowndes Bank require US citizenship to open account?

Can First Lowndes Bank close my account?

Does First Lowndes Bank Report to credit bureaus?

Does First Lowndes Bank Use Equifax?

What is First Lowndes Bank's ACH Routing Number?

What is First Lowndes Bank's SWIFT code?

Products

Does First Lowndes Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Lowndes Bank offer personal loans?

Compare personal loan rates here.

Does First Lowndes Bank offer student loans?

Will First Lowndes Bank cash a check?

Will First Lowndes Bank redeem a savings bond?

Does First Lowndes Bank cash savings bonds?

Will First Lowndes Bank cash money orders?

Can First Lowndes Bank issue a money order?

Does First Lowndes Bank do currency exchange?

Background on The Bank

Who owns First Lowndes Bank?

How long has First Lowndes Bank been around?

Can First Lowndes Bank transfer to other banks?

Does First Lowndes Bank have quick pay?

Does First Lowndes Bank accept rolled coins?

Will First Lowndes Bank accept loose change?

Where is First Lowndes Bank headquarters?

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