Golf Savings Bank

Headquarters

6505 218th Street S.W., Suite 9
Mountlake Terrace, WA 98043
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

Golf Savings Bank is an FDIC insured institution located in Mountlake Terrace, WA. It was founded in 2000 and has approximately $0.56 billion in assets.

FDIC Insured Yes
FDIC Certificate # 35362
Date Established 2000
Assets $ 593.92 million
Loans $ 490.25 million
Deposits $ 405.99 million
Capital $ 62.11 million
 

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

Deposit Rates - October 24, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 24, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Golf Savings 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

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Featured - Virginia Home Equity Line Of Credit Rates 2020

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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
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More Info

Note to Golf Savings Bank
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Branches

Golf Savings 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:
Ashburn,Virginia


Golf Savings Bank Locations


Financial Details

Golf Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Golf Savings 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
Golf Savings Bank U.S. Bank Average
49.03% 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, Golf Savings Bank had $34,191,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $62,109,000 in equity and $7,626,000 in loans loss reserves. That gives it a Texas Ratio of 49.03%.

Return on Equity
Golf Savings Bank U.S. Bank Average
6.81% 7.80%

Golf Savings Bank has a Return on Equity of 6.81% 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
Golf Savings Bank U.S. Bank Average
10.46% 12.68%

Golf Savings Bank has a Capitalization of 10.46% 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.

Golf Savings Bank Balance Sheet Analysis

As of November 30, -0001, Golf Savings Bank had assets of $562,907,000, loans of $490,254,000, and deposits of $405,985,000. 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 $ 490.25 million
Loan loss allowance $ 7.63 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 405.99 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 $ 593.92 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 Golf Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Golf Savings Bank’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 Golf Savings Bank

Branches and Savings

Is Golf Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35362.

Why does Golf Savings Bank pay such low interest on savings accounts?

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

Why are Golf Savings Bank CD rates not competitive?

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

Is Golf Savings Bank a commercial bank?

Yes

Where are Golf Savings Bank locations?

See branch locations nearby.

Is Golf Savings Bank open on Saturdays?

Is Golf Savings Bank open on Sundays?

What time does Golf Savings Bank open?

What time does Golf Savings Bank close?

Are Golf Savings Bank ATMs Open 24/7?

Do Golf Savings Bank ATMs accept cash deposits?

Can Golf Savings Bank customers use other ATMs?

Do Golf Savings Bank branches have notaries?

Will Golf Savings Bank notarize my document?

What address for Golf Savings Bank should I put for incoming ACH transfers?

Will the Golf Savings Bank branch print checks?

Do Golf Savings Bank checks expire?

Does Golf Savings Bank require US citizenship to open account?

Can Golf Savings Bank close my account?

Does Golf Savings Bank Report to credit bureaus?

Does Golf Savings Bank Use Equifax?

What is Golf Savings Bank's ACH Routing Number?

What is Golf Savings Bank's SWIFT code?

Products

Does Golf Savings Bank offer mortgages?

Compare mortgage rates here.

Does Golf Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Golf Savings Bank offer personal loans?

Compare personal loan rates here.

Does Golf Savings Bank offer student loans?

Will Golf Savings Bank cash a check?

Will Golf Savings Bank redeem a savings bond?

Does Golf Savings Bank cash savings bonds?

Will Golf Savings Bank cash money orders?

Can Golf Savings Bank issue a money order?

Does Golf Savings Bank do currency exchange?

Background on The Bank

Who owns Golf Savings Bank?

How long has Golf Savings Bank been around?

Can Golf Savings Bank transfer to other banks?

Does Golf Savings Bank have quick pay?

Does Golf Savings Bank accept rolled coins?

Will Golf Savings Bank accept loose change?

Where is Golf Savings Bank headquarters?

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