First National Bank of Crossett

Headquarters

210 Main Street
Crossett, AR 71635
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.25% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.81% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First National Bank of Crossett is an FDIC insured institution located in Crossett, AR. It was founded in 1903 and has approximately $0.15 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 1757
Date Established 1903
Assets $ 154.39 million
Loans $ 111.55 million
Deposits $ 130.17 million
Capital $ 16.11 million
 

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

Deposit Rates - January 24, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - January 24, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First National Bank of Crossett

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




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Note to First National Bank of Crossett
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Branches

First National Bank of Crossett 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 National Bank of Crossett Locations


Financial Details

First National Bank of Crossett Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First National Bank of Crossett. 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 National Bank of Crossett U.S. Bank Average
3.37% 6.14%

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 September 30, 2020, First National Bank of Crossett had $424,000 in non-current loans and $141,000 in owned real estate. To cover these potential losses it had $16,106,000 in equity and $660,000 in loans loss reserves. That gives it a Texas Ratio of 3.37%.

Return on Equity
First National Bank of Crossett U.S. Bank Average
12.43% 9.23%

First National Bank of Crossett has a Return on Equity of 12.43% versus the BestCashCow average of 9.23%. 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 National Bank of Crossett U.S. Bank Average
10.43% 12.07%

First National Bank of Crossett has a Capitalization of 10.43% versus the BestCashCow average of 12.07. 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 National Bank of Crossett Balance Sheet Analysis

As of September 30, 2018, First National Bank of Crossett had assets of $153,526,000, loans of $111,545,000, and deposits of $130,169,000. 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

September 30, 2020
ASSETS
Cash & Balances due from depository institutions $ 4.30 million
Interest-bearing balances $ 0.26 million
Total securities $ 27.34 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 111.55 million
Loan loss allowance $ 0.66 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.14 million
Goodwill and other intangibles N.A.
All other assets $ 7.23 million
     Total Assets $ 137.42 million
LIABILITIES
Total deposits $ 130.17 million
      Interest-bearing deposits $ 94.95 million
      Deposits held in domestic offices $ 130.17 million
      % insured (estimated) 80.52%
Federal funds purchased and repurchase agreements $ 3.90 million
Trading liabilities N.A.
Other borrowed funds $ 2.00 million
Subordinated debt N.A.
All other liabilities $ 1.35 million
      Total Liabilities $ 137.42 million
      Shareholders’ Equity $ 16.97 million

Summary Income Statement

September 30, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.46 million
Total Interest Expense $ 0.35 million
Net interest income $ 5.11 million
Provision for loan and lease losses $ 0.14 million
Total non interest income $ 1.79 million
Total non interest expense $ 4.40 million
Pre-tax Net Operating Income $ 2.35 million

Bank Loan Profile?

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

Compared to other banks in Arkansas, First National Bank of Crossett has a significantly higher percent of Credit Card Loans, Consumer Auto Loans, 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 12.33
Multifamily
Mortgages
2.60
Credit Card Loans 2.21
Consumer Auto Loans 7.91
Small Business Loans 0.00
Construction and Development Loans 8.02
Commercial Real Estate 27.80
Commercial and Industrial Loans 33.40
Farm Loans 0.00

Frequently Asked Questions About First National Bank Of Crossett

Branches and Savings

Is First National Bank Of Crossett FDIC insured?

Yes. It is covered under FDIC Certificate #1757.

Why does First National Bank Of Crossett pay such low interest on savings accounts?

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

Why are First National Bank Of Crossett CD rates not competitive?

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

Is First National Bank Of Crossett a commercial bank?

Yes

Where are First National Bank Of Crossett locations?

See branch locations nearby.

Is First National Bank Of Crossett open on Saturdays?

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What time does First National Bank Of Crossett open?

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Are First National Bank Of Crossett ATMs Open 24/7?

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Will the First National Bank Of Crossett branch print checks?

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Products

Does First National Bank Of Crossett offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First National Bank Of Crossett offer personal loans?

Compare personal loan rates here.

Does First National Bank Of Crossett offer student loans?

Will First National Bank Of Crossett cash a check?

Will First National Bank Of Crossett redeem a savings bond?

Does First National Bank Of Crossett cash savings bonds?

Will First National Bank Of Crossett cash money orders?

Can First National Bank Of Crossett issue a money order?

Does First National Bank Of Crossett do currency exchange?

Background on The Bank

Who owns First National Bank Of Crossett?

How long has First National Bank Of Crossett been around?

Can First National Bank Of Crossett transfer to other banks?

Does First National Bank Of Crossett have quick pay?

Does First National Bank Of Crossett accept rolled coins?

Will First National Bank Of Crossett accept loose change?

Where is First National Bank Of Crossett headquarters?

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