First Safety Bank

Headquarters

4901 Vine Street
Cincinnati, OH 45217
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
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 Safety Bank is an FDIC insured institution located in Cincinnati, OH. It was founded in 1881 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 26263
Date Established 1881
Assets $ 47.88 million
Loans $ 28.90 million
Deposits $ 37.25 million
Capital $ 10.05 million
 

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

Deposit Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Safety 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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.789% 2.750% 0.50 $1,250 $1,021 Learn More

Featured - Connecticut 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
2.990 %
$0 Learn More
More Info

Note to First Safety Bank
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Branches

First Safety 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 Safety Bank Locations


Financial Details

First Safety Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Safety 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 Safety Bank U.S. Bank Average
3.62% 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 Safety Bank had $378,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $10,046,000 in equity and $404,000 in loans loss reserves. That gives it a Texas Ratio of 3.62%.

Return on Equity
First Safety Bank U.S. Bank Average
-3.12% 7.80%

First Safety Bank has a Return on Equity of -3.12% 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 Safety Bank U.S. Bank Average
20.98% 12.68%

First Safety Bank has a Capitalization of 20.98% 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 Safety Bank Balance Sheet Analysis

As of June 30, 2016, First Safety Bank had assets of $47,876,000, loans of $28,900,000, and deposits of $37,249,000. 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 $ 28.90 million
Loan loss allowance $ 0.40 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 $ 37.25 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 $ 47.88 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 Safety Bank’s loan portfolio are 1-4 Family Residential Loans, Small Business Loans, and Commercial Real Estate.

Compared to other banks in Ohio, First Safety Bank has a significantly higher percent of 1-4 Family Residential Loans, Small Business 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 75.34
Multifamily
Mortgages
4.17
Credit Card Loans 0.00
Consumer Auto Loans 0.66
Small Business Loans 10.27
Construction and Development Loans 4.85
Commercial Real Estate 10.27
Commercial and Industrial Loans 2.87
Farm Loans 0.48

Frequently Asked Questions About First Safety Bank

Branches and Savings

Is First Safety Bank FDIC insured?

Yes. It is covered under FDIC Certificate #26263.

Why does First Safety 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 Safety Bank CD rates not competitive?

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

Is First Safety Bank a commercial bank?

Yes

Where are First Safety Bank locations?

See branch locations nearby.

Is First Safety Bank open on Saturdays?

Is First Safety Bank open on Sundays?

What time does First Safety Bank open?

What time does First Safety Bank close?

Are First Safety Bank ATMs Open 24/7?

Do First Safety Bank ATMs accept cash deposits?

Can First Safety Bank customers use other ATMs?

Do First Safety Bank branches have notaries?

Will First Safety Bank notarize my document?

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

Will the First Safety Bank branch print checks?

Do First Safety Bank checks expire?

Does First Safety Bank require US citizenship to open account?

Can First Safety Bank close my account?

Does First Safety Bank Report to credit bureaus?

Does First Safety Bank Use Equifax?

What is First Safety Bank's ACH Routing Number?

What is First Safety Bank's SWIFT code?

Products

Does First Safety Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Safety Bank offer personal loans?

Compare personal loan rates here.

Does First Safety Bank offer student loans?

Will First Safety Bank cash a check?

Will First Safety Bank redeem a savings bond?

Does First Safety Bank cash savings bonds?

Will First Safety Bank cash money orders?

Can First Safety Bank issue a money order?

Does First Safety Bank do currency exchange?

Background on The Bank

Who owns First Safety Bank?

How long has First Safety Bank been around?

Can First Safety Bank transfer to other banks?

Does First Safety Bank have quick pay?

Does First Safety Bank accept rolled coins?

Will First Safety Bank accept loose change?

Where is First Safety Bank headquarters?

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