First Sentinel Bank

Headquarters

315 Railroad Avenue
Richlands, VA 24641
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.85% →
1-Year CD 0.40% 0.80% →
2-Year CD 0.55% 0.80% →
5-Year CD 0.85% 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 Sentinel Bank is an FDIC insured institution located in Richlands, VA. It was founded in 1978 and has approximately $0.32 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 31928
Date Established 1978
Assets $ 315.32 million
Loans $ 273.13 million
Deposits $ 273.08 million
Capital $ 27.97 million
 

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

Deposit Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.45% $10,000 $14,999 Learn More
18 Mo CD
0.45% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
0.85% $10,000 $14,999 Learn More
60 Mo CD
0.85% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Sentinel 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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.684% 2.625%
0.75 points
$1,932 fees
$1,005 Learn More
CIT Bank
NMLS ID: 541760
2.873% 2.800%
1.00 points
$2,380 fees
$1,028 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info

Note to First Sentinel Bank
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Branches

First Sentinel 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 Sentinel Bank Locations


Financial Details

First Sentinel Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Sentinel 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 Sentinel Bank U.S. Bank Average
4.71% 5.29%

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, 2021, First Sentinel Bank had $571,000 in non-current loans and $915,000 in owned real estate. To cover these potential losses it had $27,970,000 in equity and $3,587,000 in loans loss reserves. That gives it a Texas Ratio of 4.71%.

Return on Equity
First Sentinel Bank U.S. Bank Average
10.63% 11.43%

First Sentinel Bank has a Return on Equity of 10.63% versus the BestCashCow average of 11.43%. 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 Sentinel Bank U.S. Bank Average
8.87% 11.51%

First Sentinel Bank has a Capitalization of 8.87% versus the BestCashCow average of 11.51. 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 Sentinel Bank Balance Sheet Analysis

As of March 31, 2021, First Sentinel Bank had assets of $315,322,000, loans of $273,126,000, and deposits of $273,075,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 27.25 million
Interest-bearing balances $ 17.68 million
Total securities $ 1.60 million
Federal funds sold and reverse repurchase $ 0.33 million
Net loans and leases $ 273.13 million
Loan loss allowance $ 3.59 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.92 million
Goodwill and other intangibles N.A.
All other assets $ 8.47 million
     Total Assets $ 287.35 million
LIABILITIES
Total deposits $ 273.08 million
      Interest-bearing deposits $ 222.95 million
      Deposits held in domestic offices $ 273.08 million
      % insured (estimated) 82.89%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 12.60 million
Subordinated debt N.A.
All other liabilities $ 1.68 million
      Total Liabilities $ 287.35 million
      Shareholders’ Equity $ 27.97 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 3.90 million
Total Interest Expense $ 0.53 million
Net interest income $ 3.37 million
Provision for loan and lease losses $ 0.52 million
Total non interest income $ 0.48 million
Total non interest expense $ 2.39 million
Pre-tax Net Operating Income $ 0.94 million

Bank Loan Profile?

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

Compared to other banks in Virginia, First Sentinel Bank has a significantly higher percent of Consumer Auto 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 23.63
Multifamily
Mortgages
3.55
Credit Card Loans 0.00
Consumer Auto Loans 37.72
Small Business Loans 0.00
Construction and Development Loans 1.00
Commercial Real Estate 18.50
Commercial and Industrial Loans 12.81
Farm Loans 0.01

Frequently Asked Questions About First Sentinel Bank

Branches and Savings

Is First Sentinel Bank FDIC insured?

Yes. It is covered under FDIC Certificate #31928.

Why does First Sentinel 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 Sentinel Bank CD rates not competitive?

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

Is First Sentinel Bank a commercial bank?

Yes

Where are First Sentinel Bank locations?

See branch locations nearby.

Is First Sentinel Bank open on Saturdays?

Is First Sentinel Bank open on Sundays?

What time does First Sentinel Bank open?

What time does First Sentinel Bank close?

Are First Sentinel Bank ATMs Open 24/7?

Do First Sentinel Bank ATMs accept cash deposits?

Can First Sentinel Bank customers use other ATMs?

Do First Sentinel Bank branches have notaries?

Will First Sentinel Bank notarize my document?

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

Will the First Sentinel Bank branch print checks?

Do First Sentinel Bank checks expire?

Does First Sentinel Bank require US citizenship to open account?

Can First Sentinel Bank close my account?

Does First Sentinel Bank Report to credit bureaus?

Does First Sentinel Bank Use Equifax?

What is First Sentinel Bank's ACH Routing Number?

What is First Sentinel Bank's SWIFT code?

Products

Does First Sentinel Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Sentinel Bank offer personal loans?

Compare personal loan rates here.

Does First Sentinel Bank offer student loans?

Will First Sentinel Bank cash a check?

Will First Sentinel Bank redeem a savings bond?

Does First Sentinel Bank cash savings bonds?

Will First Sentinel Bank cash money orders?

Can First Sentinel Bank issue a money order?

Does First Sentinel Bank do currency exchange?

Background on The Bank

Who owns First Sentinel Bank?

How long has First Sentinel Bank been around?

Can First Sentinel Bank transfer to other banks?

Does First Sentinel Bank have quick pay?

Does First Sentinel Bank accept rolled coins?

Will First Sentinel Bank accept loose change?

Where is First Sentinel Bank headquarters?

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