First Security Bank of Malta

Headquarters

130 South First Street East
Malta, MT 59538
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 Security Bank of Malta is an FDIC insured institution located in Malta, MT. It was founded in 1972 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 20646
Date Established 1972
Assets $ 36.74 million
Loans $ 19.19 million
Deposits $ 37.92 million
Capital $ 2.93 million
 

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

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98101


Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98101

There are currently no loan rates available for First Security Bank of Malta

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




Featured - Washington 30 Year Fixed Mortgage Rates 2020

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Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

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Branches

First Security Bank of Malta 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:
Seattle,Washington


First Security Bank of Malta Locations


Financial Details

First Security Bank of Malta Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Security Bank of Malta. 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 Security Bank of Malta U.S. Bank Average
4.01% 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 Security Bank of Malta had $77,000 in non-current loans and $55,000 in owned real estate. To cover these potential losses it had $2,931,000 in equity and $358,000 in loans loss reserves. That gives it a Texas Ratio of 4.01%.

Return on Equity
First Security Bank of Malta U.S. Bank Average
8.37% 7.80%

First Security Bank of Malta has a Return on Equity of 8.37% 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 Security Bank of Malta U.S. Bank Average
7.98% 12.68%

First Security Bank of Malta has a Capitalization of 7.98% 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 Security Bank of Malta Balance Sheet Analysis

As of September 30, 2019, First Security Bank of Malta had assets of $41,136,000, loans of $19,193,000, and deposits of $37,920,000. 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 $ 13.81 million
Interest-bearing balances $ 12.70 million
Total securities $ 6.79 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 19.19 million
Loan loss allowance $ 0.36 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.06 million
Goodwill and other intangibles N.A.
All other assets $ 1.14 million
     Total Assets $ 38.21 million
LIABILITIES
Total deposits $ 37.92 million
      Interest-bearing deposits $ 31.32 million
      Deposits held in domestic offices $ 37.92 million
      % insured (estimated) 84.15%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.29 million
      Total Liabilities $ 38.21 million
      Shareholders’ Equity N.A.

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.41 million
Total Interest Expense $ 0.27 million
Net interest income $ 1.14 million
Provision for loan and lease losses $ 0.16 million
Total non interest income $ 0.35 million
Total non interest expense $ 1.24 million
Pre-tax Net Operating Income $ 0.09 million

Bank Loan Profile?

The top three loan types in First Security Bank of Malta’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Montana, First Security Bank of Malta has a significantly higher percent of Credit Card Loans, Farm 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 1.11
Multifamily
Mortgages
0.00
Credit Card Loans 2.27
Consumer Auto Loans 2.69
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 4.56
Commercial and Industrial Loans 12.50
Farm Loans 46.29

Frequently Asked Questions About First Security Bank Of Malta

Branches and Savings

Is First Security Bank Of Malta FDIC insured?

Yes. It is covered under FDIC Certificate #20646.

Why does First Security Bank Of Malta pay such low interest on savings accounts?

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

Why are First Security Bank Of Malta CD rates not competitive?

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

Is First Security Bank Of Malta a commercial bank?

Yes

Where are First Security Bank Of Malta locations?

See branch locations nearby.

Is First Security Bank Of Malta open on Saturdays?

Is First Security Bank Of Malta open on Sundays?

What time does First Security Bank Of Malta open?

What time does First Security Bank Of Malta close?

Are First Security Bank Of Malta ATMs Open 24/7?

Do First Security Bank Of Malta ATMs accept cash deposits?

Can First Security Bank Of Malta customers use other ATMs?

Do First Security Bank Of Malta branches have notaries?

Will First Security Bank Of Malta notarize my document?

What address for First Security Bank Of Malta should I put for incoming ACH transfers?

Will the First Security Bank Of Malta branch print checks?

Do First Security Bank Of Malta checks expire?

Does First Security Bank Of Malta require US citizenship to open account?

Can First Security Bank Of Malta close my account?

Does First Security Bank Of Malta Report to credit bureaus?

Does First Security Bank Of Malta Use Equifax?

What is First Security Bank Of Malta's ACH Routing Number?

What is First Security Bank Of Malta's SWIFT code?

Products

Does First Security Bank Of Malta offer mortgages?

Compare mortgage rates here.

Does First Security Bank Of Malta offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Security Bank Of Malta offer personal loans?

Compare personal loan rates here.

Does First Security Bank Of Malta offer student loans?

Will First Security Bank Of Malta cash a check?

Will First Security Bank Of Malta redeem a savings bond?

Does First Security Bank Of Malta cash savings bonds?

Will First Security Bank Of Malta cash money orders?

Can First Security Bank Of Malta issue a money order?

Does First Security Bank Of Malta do currency exchange?

Background on The Bank

Who owns First Security Bank Of Malta?

How long has First Security Bank Of Malta been around?

Can First Security Bank Of Malta transfer to other banks?

Does First Security Bank Of Malta have quick pay?

Does First Security Bank Of Malta accept rolled coins?

Will First Security Bank Of Malta accept loose change?

Where is First Security Bank Of Malta headquarters?

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