First Tuskegee Bank

Headquarters

301 North Elm Street
Tuskegee, AL 36083
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
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 Tuskegee Bank is an FDIC insured institution located in Tuskegee, AL. It was founded in 1991 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 33519
Date Established 1991
Assets $ 55.52 million
Loans $ 28.47 million
Deposits $ 49.97 million
Capital $ 4.45 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Washington, WA 98109


Loan Rates - September 18, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for First Tuskegee Bank

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.815% 2.750% 0.88 $2,120 $1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
3.500 %
$25,000 Learn More
More Info

Note to First Tuskegee Bank
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Branches

First Tuskegee 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:
Seattle,Washington


First Tuskegee Bank Locations


Financial Details

First Tuskegee Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Tuskegee 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 Tuskegee Bank U.S. Bank Average
112.76% 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 Tuskegee Bank had $1,337,000 in non-current loans and $4,134,000 in owned real estate. To cover these potential losses it had $4,449,000 in equity and $403,000 in loans loss reserves. That gives it a Texas Ratio of 112.76%.

Return on Equity
First Tuskegee Bank U.S. Bank Average
-10.4% 7.80%

First Tuskegee Bank has a Return on Equity of -10.4% 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 Tuskegee Bank U.S. Bank Average
8.01% 12.68%

First Tuskegee Bank has a Capitalization of 8.01% 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 Tuskegee Bank Balance Sheet Analysis

As of September 30, 2014, First Tuskegee Bank had assets of $52,339,000, loans of $28,469,000, and deposits of $49,965,000. 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 $ 28.47 million
Loan loss allowance $ 0.40 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.13 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 49.97 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 $ 55.52 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 Tuskegee Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Alabama, First Tuskegee Bank has a significantly higher percent of Multifamily Mortgages, 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 27.69
Multifamily
Mortgages
10.09
Credit Card Loans 0.30
Consumer Auto Loans 0.53
Small Business Loans 40.37
Construction and Development Loans 8.53
Commercial Real Estate 45.32
Commercial and Industrial Loans 7.68
Farm Loans 0.00

Frequently Asked Questions About First Tuskegee Bank

Branches and Savings

Is First Tuskegee Bank FDIC insured?

Yes. It is covered under FDIC Certificate #33519.

Why does First Tuskegee 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 Tuskegee Bank CD rates not competitive?

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

Is First Tuskegee Bank a commercial bank?

Yes

Where are First Tuskegee Bank locations?

See branch locations nearby.

Is First Tuskegee Bank open on Saturdays?

Is First Tuskegee Bank open on Sundays?

What time does First Tuskegee Bank open?

What time does First Tuskegee Bank close?

Are First Tuskegee Bank ATMs Open 24/7?

Do First Tuskegee Bank ATMs accept cash deposits?

Can First Tuskegee Bank customers use other ATMs?

Do First Tuskegee Bank branches have notaries?

Will First Tuskegee Bank notarize my document?

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

Will the First Tuskegee Bank branch print checks?

Do First Tuskegee Bank checks expire?

Does First Tuskegee Bank require US citizenship to open account?

Can First Tuskegee Bank close my account?

Does First Tuskegee Bank Report to credit bureaus?

Does First Tuskegee Bank Use Equifax?

What is First Tuskegee Bank's ACH Routing Number?

What is First Tuskegee Bank's SWIFT code?

Products

Does First Tuskegee Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Tuskegee Bank offer personal loans?

Compare personal loan rates here.

Does First Tuskegee Bank offer student loans?

Will First Tuskegee Bank cash a check?

Will First Tuskegee Bank redeem a savings bond?

Does First Tuskegee Bank cash savings bonds?

Will First Tuskegee Bank cash money orders?

Can First Tuskegee Bank issue a money order?

Does First Tuskegee Bank do currency exchange?

Background on The Bank

Who owns First Tuskegee Bank?

How long has First Tuskegee Bank been around?

Can First Tuskegee Bank transfer to other banks?

Does First Tuskegee Bank have quick pay?

Does First Tuskegee Bank accept rolled coins?

Will First Tuskegee Bank accept loose change?

Where is First Tuskegee Bank headquarters?

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