Hedrick Savings Bank


216 S Market St
Ottumwa, IA 52501
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
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

Hedrick Savings Bank is an FDIC insured institution located in Ottumwa, IA. It was founded in 1934 and has approximately $0.07 billion in assets.

FDIC Insured Yes
FDIC Certificate # 14973
Date Established 1934
Assets $ 66.26 million
Loans $ 39.26 million
Deposits $ 52.44 million
Capital $ 6.63 million

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

Deposit Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Hedrick Savings 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

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2.784% 2.750%
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Featured - Connecticut Home Equity Line Of Credit Rates 2021

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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
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After Intro: 4.840 %
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Third Federal Savings and Loan
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Note to Hedrick Savings Bank
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Financial Details

Hedrick Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Hedrick 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
Hedrick Savings Bank U.S. Bank Average
15.78% 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, Hedrick Savings Bank had $281,000 in non-current loans and $942,000 in owned real estate. To cover these potential losses it had $6,629,000 in equity and $1,121,000 in loans loss reserves. That gives it a Texas Ratio of 15.78%.

Return on Equity
Hedrick Savings Bank U.S. Bank Average
11.55% 11.43%

Hedrick Savings Bank has a Return on Equity of 11.55% 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.

Hedrick Savings Bank U.S. Bank Average
10% 11.51%

Hedrick Savings Bank has a Capitalization of 10% 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.

Hedrick Savings Bank Balance Sheet Analysis

As of September 30, 2011, Hedrick Savings Bank had assets of $66,263,000, loans of $39,257,000, and deposits of $52,443,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 39.26 million
Loan loss allowance $ 1.12 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.94 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 52.44 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 $ 66.26 million

Summary Income Statement

March 31, 2021
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 Hedrick Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Hedrick 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 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 Hedrick Savings Bank

Branches and Savings

Is Hedrick Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #14973.

Why does Hedrick 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 Hedrick Savings Bank CD rates not competitive?

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

Is Hedrick Savings Bank a commercial bank?


Where are Hedrick Savings Bank locations?

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Is Hedrick Savings Bank open on Saturdays?

Is Hedrick Savings Bank open on Sundays?

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Are Hedrick Savings Bank ATMs Open 24/7?

Do Hedrick Savings Bank ATMs accept cash deposits?

Can Hedrick Savings Bank customers use other ATMs?

Do Hedrick Savings Bank branches have notaries?

Will Hedrick Savings Bank notarize my document?

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

Will the Hedrick Savings Bank branch print checks?

Do Hedrick Savings Bank checks expire?

Does Hedrick Savings Bank require US citizenship to open account?

Can Hedrick Savings Bank close my account?

Does Hedrick Savings Bank Report to credit bureaus?

Does Hedrick Savings Bank Use Equifax?

What is Hedrick Savings Bank's ACH Routing Number?

What is Hedrick Savings Bank's SWIFT code?


Does Hedrick Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Hedrick Savings Bank offer personal loans?

Compare personal loan rates here.

Does Hedrick Savings Bank offer student loans?

Will Hedrick Savings Bank cash a check?

Will Hedrick Savings Bank redeem a savings bond?

Does Hedrick Savings Bank cash savings bonds?

Will Hedrick Savings Bank cash money orders?

Can Hedrick Savings Bank issue a money order?

Does Hedrick Savings Bank do currency exchange?

Background on The Bank

Who owns Hedrick Savings Bank?

How long has Hedrick Savings Bank been around?

Can Hedrick Savings Bank transfer to other banks?

Does Hedrick Savings Bank have quick pay?

Does Hedrick Savings Bank accept rolled coins?

Will Hedrick Savings Bank accept loose change?

Where is Hedrick Savings Bank headquarters?

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