Founders Bank, SSB

Headquarters

4690 Sweetwater Blvd.
Sugar Land, TX 77479
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. 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Founders Bank, SSB is an FDIC insured institution located in Sugar Land, TX. It was founded in 2007 and has approximately $0.12 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58710
Date Established 2007
Assets $ 123.97 million
Loans $ 81.17 million
Deposits $ 106.96 million
Capital $ 16.93 million
 

For a more detailed analysis of Founders Bank, SSB'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 Founders Bank, SSB

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
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Founders Bank, SSB
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Branches

Founders Bank, SSB 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


Founders Bank, SSB Locations


Financial Details

Founders Bank, SSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Founders Bank, SSB. 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
Founders Bank, SSB U.S. Bank Average
25.56% 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, Founders Bank, SSB had $1,510,000 in non-current loans and $3,081,000 in owned real estate. To cover these potential losses it had $16,932,000 in equity and $1,027,000 in loans loss reserves. That gives it a Texas Ratio of 25.56%.

Return on Equity
Founders Bank, SSB U.S. Bank Average
-2.29% 7.80%

Founders Bank, SSB has a Return on Equity of -2.29% 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
Founders Bank, SSB U.S. Bank Average
13.66% 12.68%

Founders Bank, SSB has a Capitalization of 13.66% 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.

Founders Bank, SSB Balance Sheet Analysis

As of June 30, 2011, Founders Bank, SSB had assets of $123,971,000, loans of $81,167,000, and deposits of $106,960,000. 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 $ 81.17 million
Loan loss allowance $ 1.03 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.08 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 106.96 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 $ 123.97 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 Founders Bank, SSB’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Founders Bank, SSB’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Founders Bank, Ssb

Branches and Savings

Is Founders Bank, Ssb FDIC insured?

Yes. It is covered under FDIC Certificate #58710.

Why does Founders Bank, Ssb pay such low interest on savings accounts?

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

Why are Founders Bank, Ssb CD rates not competitive?

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

Is Founders Bank, Ssb a commercial bank?

Yes

Where are Founders Bank, Ssb locations?

See branch locations nearby.

Is Founders Bank, Ssb open on Saturdays?

Is Founders Bank, Ssb open on Sundays?

What time does Founders Bank, Ssb open?

What time does Founders Bank, Ssb close?

Are Founders Bank, Ssb ATMs Open 24/7?

Do Founders Bank, Ssb ATMs accept cash deposits?

Can Founders Bank, Ssb customers use other ATMs?

Do Founders Bank, Ssb branches have notaries?

Will Founders Bank, Ssb notarize my document?

What address for Founders Bank, Ssb should I put for incoming ACH transfers?

Will the Founders Bank, Ssb branch print checks?

Do Founders Bank, Ssb checks expire?

Does Founders Bank, Ssb require US citizenship to open account?

Can Founders Bank, Ssb close my account?

Does Founders Bank, Ssb Report to credit bureaus?

Does Founders Bank, Ssb Use Equifax?

What is Founders Bank, Ssb's ACH Routing Number?

What is Founders Bank, Ssb's SWIFT code?

Products

Does Founders Bank, Ssb offer mortgages?

Compare mortgage rates here.

Does Founders Bank, Ssb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Founders Bank, Ssb offer personal loans?

Compare personal loan rates here.

Does Founders Bank, Ssb offer student loans?

Will Founders Bank, Ssb cash a check?

Will Founders Bank, Ssb redeem a savings bond?

Does Founders Bank, Ssb cash savings bonds?

Will Founders Bank, Ssb cash money orders?

Can Founders Bank, Ssb issue a money order?

Does Founders Bank, Ssb do currency exchange?

Background on The Bank

Who owns Founders Bank, Ssb?

How long has Founders Bank, Ssb been around?

Can Founders Bank, Ssb transfer to other banks?

Does Founders Bank, Ssb have quick pay?

Does Founders Bank, Ssb accept rolled coins?

Will Founders Bank, Ssb accept loose change?

Where is Founders Bank, Ssb headquarters?

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