Jefferson Federal Bank

Headquarters

120 Evans Avenue
Morristown, TN 37814
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
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

Jefferson Federal Bank is an FDIC insured institution located in Morristown, TN. It was founded in 1996 and has approximately $0.51 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34137
Date Established 1996
Assets $ 506.90 million
Loans $ 342.47 million
Deposits $ 384.63 million
Capital $ 58.81 million
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Jefferson Federal 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.816% 2.750% 0.88 $2,132 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Jefferson Federal Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Jefferson Federal 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:
Fairfield,Connecticut


Jefferson Federal Bank Locations


Financial Details

Jefferson Federal Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Jefferson Federal 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
Jefferson Federal Bank U.S. Bank Average
18.74% 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, Jefferson Federal Bank had $6,827,000 in non-current loans and $4,928,000 in owned real estate. To cover these potential losses it had $58,806,000 in equity and $3,919,000 in loans loss reserves. That gives it a Texas Ratio of 18.74%.

Return on Equity
Jefferson Federal Bank U.S. Bank Average
4.34% 7.80%

Jefferson Federal Bank has a Return on Equity of 4.34% 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
Jefferson Federal Bank U.S. Bank Average
11.6% 12.68%

Jefferson Federal Bank has a Capitalization of 11.6% 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.

Jefferson Federal Bank Balance Sheet Analysis

As of March 31, 2014, Jefferson Federal Bank had assets of $506,903,000, loans of $342,469,000, and deposits of $384,627,000. 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 $ 342.47 million
Loan loss allowance $ 3.92 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.93 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 384.63 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 $ 506.90 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 Jefferson Federal Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Tennessee, Jefferson Federal Bank has a significantly higher percent of Small Business 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 28.52
Multifamily
Mortgages
2.73
Credit Card Loans 0.00
Consumer Auto Loans 0.14
Small Business Loans 19.13
Construction and Development Loans 11.05
Commercial Real Estate 39.13
Commercial and Industrial Loans 18.14
Farm Loans 0.31

Frequently Asked Questions About Jefferson Federal Bank

Branches and Savings

Is Jefferson Federal Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34137.

Why does Jefferson Federal Bank pay such low interest on savings accounts?

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

Why are Jefferson Federal Bank CD rates not competitive?

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

Is Jefferson Federal Bank a commercial bank?

Yes

Where are Jefferson Federal Bank locations?

See branch locations nearby.

Is Jefferson Federal Bank open on Saturdays?

Is Jefferson Federal Bank open on Sundays?

What time does Jefferson Federal Bank open?

What time does Jefferson Federal Bank close?

Are Jefferson Federal Bank ATMs Open 24/7?

Do Jefferson Federal Bank ATMs accept cash deposits?

Can Jefferson Federal Bank customers use other ATMs?

Do Jefferson Federal Bank branches have notaries?

Will Jefferson Federal Bank notarize my document?

What address for Jefferson Federal Bank should I put for incoming ACH transfers?

Will the Jefferson Federal Bank branch print checks?

Do Jefferson Federal Bank checks expire?

Does Jefferson Federal Bank require US citizenship to open account?

Can Jefferson Federal Bank close my account?

Does Jefferson Federal Bank Report to credit bureaus?

Does Jefferson Federal Bank Use Equifax?

What is Jefferson Federal Bank's ACH Routing Number?

What is Jefferson Federal Bank's SWIFT code?

Products

Does Jefferson Federal Bank offer mortgages?

Compare mortgage rates here.

Does Jefferson Federal Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Jefferson Federal Bank offer personal loans?

Compare personal loan rates here.

Does Jefferson Federal Bank offer student loans?

Will Jefferson Federal Bank cash a check?

Will Jefferson Federal Bank redeem a savings bond?

Does Jefferson Federal Bank cash savings bonds?

Will Jefferson Federal Bank cash money orders?

Can Jefferson Federal Bank issue a money order?

Does Jefferson Federal Bank do currency exchange?

Background on The Bank

Who owns Jefferson Federal Bank?

How long has Jefferson Federal Bank been around?

Can Jefferson Federal Bank transfer to other banks?

Does Jefferson Federal Bank have quick pay?

Does Jefferson Federal Bank accept rolled coins?

Will Jefferson Federal Bank accept loose change?

Where is Jefferson Federal Bank headquarters?

Customer Reviews for Jefferson Federal Bank

There are currently no comments for Jefferson Federal Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →