Friend Bank

220 E. Lawrence Harris Hwy
Slocomb, AL 36375

Notable Rates APY Vs.Others
Savings 0.05% 2.10% →
1-Year CD 0.10% 2.02% →
2-Year CD 0.10% 2.02% →
5-Year CD 0.10% 2.02% →
30-Year Mortgage N.A. 3.03% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 3.25% →

2020 Overview

General Bank Information

Friend Bank is an FDIC insured institution located in Slocomb, AL. It was founded in 1905 and has approximately $0.13 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 2828
Date Established 1905
Assets $0.13 billion
Loans $0.09 billion
Deposits $0.12 billion
Capital $0.01 billion

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

Deposit Rates - March 30, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1 $9,999 Learn MoreShow Less
Money Market
0.05% $10,000 $49,999 Learn MoreShow Less
3 Mo CD
0.05% $500 - Learn MoreShow Less
6 Mo CD
0.05% $500 - Learn MoreShow Less

Fixed IRA
0.10% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.50% $50 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $7,499 Learn MoreShow Less
Checking Rates APY MIN FEE
Friend Smart Checking 1.75% $0 $0.00 Learn MoreShow Less

Loan Rates - March 30, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Friend Bank

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Friend Bank
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Financial Details

Friend Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Friend 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
Friend Bank U.S. Bank Average
5.42% 6.70%

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 September 30, 2019, Friend Bank had $808,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $13,270,000 in equity and $1,635,000 in loans loss reserves. That gives it a Texas Ratio of 5.42%.

Return on Equity
Friend Bank U.S. Bank Average
17.03% 9.72%

Friend Bank has a Return on Equity of 17.03% versus the BestCashCow average of 9.72%. 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.

Friend Bank U.S. Bank Average
10% 12.89%

Friend Bank has a Capitalization of 10% versus the BestCashCow average of 12.89. 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.

Friend Bank Balance Sheet Analysis

As of September 30, 2019, Friend Bank had assets of $132,700,000, loans of $89,016,000, and deposits of $118,952,000. 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

September 30, 2019
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.09 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.12 billion
Total deposits $0.12 billion
      Interest-bearing deposits $0.09 billion
      Deposits held in domestic offices $0.12 billion
      % insured (estimated) 85.94%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.12 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Friend Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Alabama, Friend Bank has a significantly higher percent of Farm 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 34.89
Credit Card Loans 0.00
Consumer Auto Loans 2.03
Small Business Loans 0.00
Construction and Development Loans 9.12
Commercial Real Estate 21.28
Commercial and Industrial Loans 8.99
Farm Loans 8.93

Frequently Asked Questions About Friend Bank

Branches and Savings

Is Friend Bank FDIC insured?

Yes. It is covered under FDIC Certificate #2828.

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

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

Why are Friend Bank CD rates not competitive?

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

Is Friend Bank a commercial bank?


Where are Friend Bank locations?

See branch locations nearby.

Is Friend Bank open on Saturdays?

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Are Friend Bank ATMs Open 24/7?

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Do Friend Bank branches have notaries?

Will Friend Bank notarize my document?

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

Will the Friend Bank branch print checks?

Do Friend Bank checks expire?

Does Friend Bank require US citizenship to open account?

Can Friend Bank close my account?

Does Friend Bank Report to credit bureaus?

Does Friend Bank Use Equifax?

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What is Friend Bank's SWIFT code?


Does Friend Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Friend Bank offer personal loans?

Compare personal loan rates here.

Does Friend Bank offer student loans?

Will Friend Bank cash a check?

Will Friend Bank redeem a savings bond?

Does Friend Bank cash savings bonds?

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Can Friend Bank issue a money order?

Does Friend Bank do currency exchange?

Background on The Bank

Who owns Friend Bank?

How long has Friend Bank been around?

Can Friend Bank transfer to other banks?

Does Friend Bank have quick pay?

Does Friend Bank accept rolled coins?

Will Friend Bank accept loose change?

Where is Friend Bank headquarters?

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