First Trust Bank

Headquarters

1420 East Third Street
Charlotte, NC 28204
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 Trust Bank is an FDIC insured institution located in Charlotte, NC. It was founded in 1999 and has approximately $0.4 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34864
Date Established 1999
Assets $ 401.33 million
Loans $ 188.44 million
Deposits $ 334.50 million
Capital $ 50.29 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Trust Bank

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




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Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to First Trust Bank
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Branches

First Trust 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 Trust Bank Locations


Financial Details

First Trust Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Trust 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 Trust Bank U.S. Bank Average
39.09% 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 Trust Bank had $11,299,000 in non-current loans and $11,042,000 in owned real estate. To cover these potential losses it had $50,293,000 in equity and $6,855,000 in loans loss reserves. That gives it a Texas Ratio of 39.09%.

Return on Equity
First Trust Bank U.S. Bank Average
8.04% 7.80%

First Trust Bank has a Return on Equity of 8.04% 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 Trust Bank U.S. Bank Average
12.53% 12.68%

First Trust Bank has a Capitalization of 12.53% 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 Trust Bank Balance Sheet Analysis

As of September 30, 2012, First Trust Bank had assets of $401,331,000, loans of $188,435,000, and deposits of $334,499,000. 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 $ 188.44 million
Loan loss allowance $ 6.86 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 11.04 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 334.50 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 $ 401.33 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 Trust Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and Construction and Development Loans.

Compared to other banks in North Carolina, First Trust Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 12.10
Multifamily
Mortgages
0.31
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 29.42
Construction and Development Loans 16.88
Commercial Real Estate 67.55
Commercial and Industrial Loans 6.56
Farm Loans 0.00

Frequently Asked Questions About First Trust Bank

Branches and Savings

Is First Trust Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34864.

Why does First Trust 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 Trust Bank CD rates not competitive?

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

Is First Trust Bank a commercial bank?

Yes

Where are First Trust Bank locations?

See branch locations nearby.

Is First Trust Bank open on Saturdays?

Is First Trust Bank open on Sundays?

What time does First Trust Bank open?

What time does First Trust Bank close?

Are First Trust Bank ATMs Open 24/7?

Do First Trust Bank ATMs accept cash deposits?

Can First Trust Bank customers use other ATMs?

Do First Trust Bank branches have notaries?

Will First Trust Bank notarize my document?

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

Will the First Trust Bank branch print checks?

Do First Trust Bank checks expire?

Does First Trust Bank require US citizenship to open account?

Can First Trust Bank close my account?

Does First Trust Bank Report to credit bureaus?

Does First Trust Bank Use Equifax?

What is First Trust Bank's ACH Routing Number?

What is First Trust Bank's SWIFT code?

Products

Does First Trust Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Trust Bank offer personal loans?

Compare personal loan rates here.

Does First Trust Bank offer student loans?

Will First Trust Bank cash a check?

Will First Trust Bank redeem a savings bond?

Does First Trust Bank cash savings bonds?

Will First Trust Bank cash money orders?

Can First Trust Bank issue a money order?

Does First Trust Bank do currency exchange?

Background on The Bank

Who owns First Trust Bank?

How long has First Trust Bank been around?

Can First Trust Bank transfer to other banks?

Does First Trust Bank have quick pay?

Does First Trust Bank accept rolled coins?

Will First Trust Bank accept loose change?

Where is First Trust Bank headquarters?

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