Jackson Savings Bank, SSB

741 West Main Street
Sylva, NC 28779

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 31266
Date Established 1955
Assets $0.03 billion
Loans $0.02 billion
Deposits $0.03 billion
Capital $0.01 billion

Jackson Savings Bank, SSB is an FDIC insured institution located in Sylva, NC. It was founded in 1955 and has approximately $0.03 billion in assets. Customers can open an account at one of its 2 branches.

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

Bank Loan Profile?

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

Compared to other banks in North Carolina, Jackson 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 84.14
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 14.54
Construction and Development Loans 1.02
Commercial Real Estate 14.54
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.25% $500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.60% $500 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.40% $1,000 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Jackson Savings Bank, SSB

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 2018

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Payment
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NMLS ID: 1168
4.564% 4.500% 0.25 $1,878 $1,267 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
License#: MC-2462
4.556% 4.500% 0.13 $1,632 $1,267 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.325% 4.250% 0.50 $2,337 $1,230 Learn More
PenFed Credit Union
NMLS ID: 401822
4.585% 4.500% 0.00 $2,500 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.990% $238.42 Learn More
Flagstar Bank 5.490% $283.58 Learn More

Note to Jackson Savings Bank, SSB
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Branches

Jackson 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.

Your Location:
Ashburn,Virginia


Jackson Savings Bank, SSB Locations

Financial Details

Jackson Savings Bank, SSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Jackson 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
Jackson Savings Bank, SSB U.S. Bank Average
10.28% 8.32%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2017, Jackson Savings Bank, SSB had $357,000 in non-current loans and $322,000 in owned real estate. To cover these potential losses it had $6,564,000 in equity and $41,000 in loans loss reserves. That gives it a Texas Ratio of 10.28%.

Return on Equity
Jackson Savings Bank, SSB U.S. Bank Average
0.62% 8.84%

Jackson Savings Bank, SSB has a Return on Equity of 0.62% versus the BestCashCow average of 8.84%. 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
Jackson Savings Bank, SSB U.S. Bank Average
20.05% 12.21%

Jackson Savings Bank, SSB has a Capitalization of 20.05% versus the BestCashCow average of 12.21. 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.

Jackson Savings Bank, SSB Balance Sheet Analysis

As of December 31, 2017, Jackson Savings Bank, SSB had assets of $32,742,000, loans of $24,918,000, and deposits of $26,116,000. 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

ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.02 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 $0.03 billion
LIABILITIES
Total deposits $0.03 billion
      Interest-bearing deposits $0.03 billion
      Deposits held in domestic offices $0.03 billion
      % insured (estimated) 95.76%
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 $0.03 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

INCOME AND EXPENSES
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

Frequently Asked Questions About Jackson Savings Bank, Ssb

Branches and Savings

Is Jackson Savings Bank, Ssb FDIC insured?

Yes. It is covered under FDIC Certificate #31266.

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

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

Is Jackson Savings Bank, Ssb a commercial bank?

Yes

Where are Jackson Savings Bank, Ssb locations?

See branch locations nearby.

Is Jackson Savings Bank, Ssb open on Saturdays?

Is Jackson Savings Bank, Ssb open on Sundays?

What time does Jackson Savings Bank, Ssb open?

What time does Jackson Savings Bank, Ssb close?

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

Do Jackson Savings Bank, Ssb ATMs accept cash deposits?

Can Jackson Savings Bank, Ssb customers use other ATMs?

Do Jackson Savings Bank, Ssb branches have notaries?

Will Jackson Savings Bank, Ssb notarize my document?

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

Will the Jackson Savings Bank, Ssb branch print checks?

Do Jackson Savings Bank, Ssb checks expire?

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

Can Jackson Savings Bank, Ssb close my account?

Does Jackson Savings Bank, Ssb Report to credit bureaus?

Does Jackson Savings Bank, Ssb Use Equifax?

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

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

Products

Does Jackson Savings Bank, Ssb offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Jackson Savings Bank, Ssb offer personal loans?

Compare personal loan rates here.

Does Jackson Savings Bank, Ssb offer student loans?

Will Jackson Savings Bank, Ssb cash a check?

Will Jackson Savings Bank, Ssb redeem a savings bond?

Does Jackson Savings Bank, Ssb cash savings bonds?

Will Jackson Savings Bank, Ssb cash money orders?

Can Jackson Savings Bank, Ssb issue a money order?

Does Jackson Savings Bank, Ssb do currency exchange?

Background on The Bank

Who owns Jackson Savings Bank, Ssb?

How long has Jackson Savings Bank, Ssb been around?

Can Jackson Savings Bank, Ssb transfer to other banks?

Does Jackson Savings Bank, Ssb have quick pay?

Does Jackson Savings Bank, Ssb accept rolled coins?

Will Jackson Savings Bank, Ssb accept loose change?

Where is Jackson Savings Bank, Ssb headquarters?

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