Foundation Bank


25 Garfield Place
Cincinnati, OH 45202
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 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

Foundation Bank is an FDIC insured institution located in Cincinnati, OH. It was founded in 1888 and has approximately $0.21 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 28724
Date Established 1888
Assets $ 215.19 million
Loans $ 179.82 million
Deposits $ 141.11 million
Capital $ 43.96 million

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

Deposit Rates - September 20, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - September 20, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Foundation 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
Learn More
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.349% 3.250%
0.75 points
$3,125 fees
$1,089 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
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
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Foundation Bank
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Financial Details

Foundation Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Foundation Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Foundation Bank U.S. Bank Average
0.91% 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, Foundation Bank had $429,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $43,963,000 in equity and $2,968,000 in loans loss reserves. That gives it a Texas Ratio of 0.91%.

Return on Equity
Foundation Bank U.S. Bank Average
6.75% 11.43%

Foundation Bank has a Return on Equity of 6.75% 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.

Foundation Bank U.S. Bank Average
20.43% 11.51%

Foundation Bank has a Capitalization of 20.43% 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.

Foundation Bank Balance Sheet Analysis

As of March 31, 2018, Foundation Bank had assets of $208,477,000, loans of $179,818,000, and deposits of $141,114,000. 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
Cash & Balances due from depository institutions $ 11.38 million
Interest-bearing balances $ 10.58 million
Total securities $ 0.00 million
Federal funds sold and reverse repurchase $ 7.45 million
Net loans and leases $ 179.82 million
Loan loss allowance $ 2.97 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 4.81 million
All other assets $ 4.59 million
     Total Assets $ 164.51 million
Total deposits $ 141.11 million
      Interest-bearing deposits $ 130.84 million
      Deposits held in domestic offices $ 141.11 million
      % insured (estimated) 91.40%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 23.01 million
Subordinated debt N.A.
All other liabilities $ 0.39 million
      Total Liabilities $ 164.51 million
      Shareholders’ Equity $ 50.68 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 2.21 million
Total Interest Expense $ 0.46 million
Net interest income $ 1.75 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.09 million
Total non interest expense $ 1.12 million
Pre-tax Net Operating Income $ 0.71 million

Bank Loan Profile?

The top three loan types in Foundation Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Multifamily Mortgages.

Compared to other banks in Ohio, Foundation 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 37.16
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 9.43
Construction and Development Loans 5.85
Commercial Real Estate 39.37
Commercial and Industrial Loans 2.88
Farm Loans 0.00

Frequently Asked Questions About Foundation Bank

Branches and Savings

Is Foundation Bank FDIC insured?

Yes. It is covered under FDIC Certificate #28724.

Why does Foundation Bank pay such low interest on savings accounts?

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

Why are Foundation Bank CD rates not competitive?

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

Is Foundation Bank a commercial bank?


Where are Foundation Bank locations?

See branch locations nearby.

Is Foundation Bank open on Saturdays?

Is Foundation Bank open on Sundays?

What time does Foundation Bank open?

What time does Foundation Bank close?

Are Foundation Bank ATMs Open 24/7?

Do Foundation Bank ATMs accept cash deposits?

Can Foundation Bank customers use other ATMs?

Do Foundation Bank branches have notaries?

Will Foundation Bank notarize my document?

What address for Foundation Bank should I put for incoming ACH transfers?

Will the Foundation Bank branch print checks?

Do Foundation Bank checks expire?

Does Foundation Bank require US citizenship to open account?

Can Foundation Bank close my account?

Does Foundation Bank Report to credit bureaus?

Does Foundation Bank Use Equifax?

What is Foundation Bank's ACH Routing Number?

What is Foundation Bank's SWIFT code?


Does Foundation Bank offer mortgages?

Compare mortgage rates here.

Does Foundation Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Foundation Bank offer personal loans?

Compare personal loan rates here.

Does Foundation Bank offer student loans?

Will Foundation Bank cash a check?

Will Foundation Bank redeem a savings bond?

Does Foundation Bank cash savings bonds?

Will Foundation Bank cash money orders?

Can Foundation Bank issue a money order?

Does Foundation Bank do currency exchange?

Background on The Bank

Who owns Foundation Bank?

How long has Foundation Bank been around?

Can Foundation Bank transfer to other banks?

Does Foundation Bank have quick pay?

Does Foundation Bank accept rolled coins?

Will Foundation Bank accept loose change?

Where is Foundation Bank headquarters?

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