Hertford Savings Bank, SSB

Headquarters

121 North Church Street
Hertford, NC 27944
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

Hertford Savings Bank, SSB is an FDIC insured institution located in Hertford, NC. It was founded in 1923 and has approximately $0.01 billion in assets.

FDIC Insured Yes
FDIC Certificate # 31345
Date Established 1923
Assets $ 13.84 million
Loans $ 10.82 million
Deposits $ 11.63 million
Capital $ 2.17 million
 

For a more detailed analysis of Hertford Savings 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 Hertford Savings 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

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2.830% 2.750% 0.63 $2,622 $1,021 Learn More
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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 Hertford Savings Bank, SSB
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Branches

Hertford Savings 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.

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Hertford Savings Bank, SSB Locations


Financial Details

Hertford Savings Bank, SSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Hertford Savings 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
Hertford Savings Bank, SSB U.S. Bank Average
8.68% 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, Hertford Savings Bank, SSB had $43,000 in non-current loans and $151,000 in owned real estate. To cover these potential losses it had $2,166,000 in equity and $69,000 in loans loss reserves. That gives it a Texas Ratio of 8.68%.

Return on Equity
Hertford Savings Bank, SSB U.S. Bank Average
0.74% 7.80%

Hertford Savings Bank, SSB has a Return on Equity of 0.74% 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
Hertford Savings Bank, SSB U.S. Bank Average
15.66% 12.68%

Hertford Savings Bank, SSB has a Capitalization of 15.66% 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.

Hertford Savings Bank, SSB Balance Sheet Analysis

As of March 31, 2020, Hertford Savings Bank, SSB had assets of $13,835,000, loans of $10,824,000, and deposits of $11,630,000. 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 $ 2.65 million
Interest-bearing balances $ 1.17 million
Total securities $ 0.00 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 10.82 million
Loan loss allowance $ 0.07 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.15 million
Goodwill and other intangibles N.A.
All other assets $ 0.16 million
     Total Assets $ 11.67 million
LIABILITIES
Total deposits $ 11.63 million
      Interest-bearing deposits $ 10.89 million
      Deposits held in domestic offices $ 11.63 million
      % insured (estimated) 100.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.04 million
      Total Liabilities $ 11.67 million
      Shareholders’ Equity $ 2.17 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.13 million
Total Interest Expense $ 0.03 million
Net interest income $ 0.10 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.00 million
Total non interest expense $ 0.10 million
Pre-tax Net Operating Income $ 0.00 million

Bank Loan Profile?

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

Compared to other banks in North Carolina, Hertford Savings Bank, SSB has a significantly higher percent of 1-4 Family Residential 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 76.30
Multifamily
Mortgages
1.36
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 13.66
Commercial Real Estate 4.09
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Hertford Savings Bank, Ssb

Branches and Savings

Is Hertford Savings Bank, Ssb FDIC insured?

Yes. It is covered under FDIC Certificate #31345.

Why does Hertford Savings 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 Hertford Savings Bank, Ssb CD rates not competitive?

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

Is Hertford Savings Bank, Ssb a commercial bank?

Yes

Where are Hertford Savings Bank, Ssb locations?

See branch locations nearby.

Is Hertford Savings Bank, Ssb open on Saturdays?

Is Hertford Savings Bank, Ssb open on Sundays?

What time does Hertford Savings Bank, Ssb open?

What time does Hertford Savings Bank, Ssb close?

Are Hertford Savings Bank, Ssb ATMs Open 24/7?

Do Hertford Savings Bank, Ssb ATMs accept cash deposits?

Can Hertford Savings Bank, Ssb customers use other ATMs?

Do Hertford Savings Bank, Ssb branches have notaries?

Will Hertford Savings Bank, Ssb notarize my document?

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

Will the Hertford Savings Bank, Ssb branch print checks?

Do Hertford Savings Bank, Ssb checks expire?

Does Hertford Savings Bank, Ssb require US citizenship to open account?

Can Hertford Savings Bank, Ssb close my account?

Does Hertford Savings Bank, Ssb Report to credit bureaus?

Does Hertford Savings Bank, Ssb Use Equifax?

What is Hertford Savings Bank, Ssb's ACH Routing Number?

What is Hertford Savings Bank, Ssb's SWIFT code?

Products

Does Hertford Savings Bank, Ssb offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Hertford Savings Bank, Ssb offer personal loans?

Compare personal loan rates here.

Does Hertford Savings Bank, Ssb offer student loans?

Will Hertford Savings Bank, Ssb cash a check?

Will Hertford Savings Bank, Ssb redeem a savings bond?

Does Hertford Savings Bank, Ssb cash savings bonds?

Will Hertford Savings Bank, Ssb cash money orders?

Can Hertford Savings Bank, Ssb issue a money order?

Does Hertford Savings Bank, Ssb do currency exchange?

Background on The Bank

Who owns Hertford Savings Bank, Ssb?

How long has Hertford Savings Bank, Ssb been around?

Can Hertford Savings Bank, Ssb transfer to other banks?

Does Hertford Savings Bank, Ssb have quick pay?

Does Hertford Savings Bank, Ssb accept rolled coins?

Will Hertford Savings Bank, Ssb accept loose change?

Where is Hertford Savings Bank, Ssb headquarters?

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