Jersey Shore State Bank

Headquarters

300 Market Street
Williamsport, PA 17701
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.01% 1.40% →
1-Year CD 0.05% 1.15% →
2-Year CD 0.10% 1.26% →
5-Year CD 0.40% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Jersey Shore State Bank is an FDIC insured institution located in Williamsport, PA. It was founded in 1934 and has approximately $1.23 billion in assets. Customers can open an account at one of its 19 branches.

FDIC Insured Yes
FDIC Certificate # 14359
Date Established 1934
Assets $ 1,231.27 million
Loans $ 1,003.66 million
Deposits $ 942.19 million
Capital $ 99.08 million
 

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

Deposit Rates - July 8, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $5 - Learn More
Money Market
0.01% $2,000 $4,999 Learn More
Money Market
0.02% $5,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.01% $5,000 $49,999 Learn More
3 Mo CD
0.04% $100,000 - Learn More
12 Mo CD
0.03% $5,000 $49,999 Learn More
12 Mo CD
0.05% $100,000 - Learn More
18 Mo CD
0.04% $5,000 $49,999 Learn More
18 Mo CD
0.06% $100,000 - Learn More
24 Mo CD
0.06% $5,000 $49,999 Learn More
24 Mo CD
0.10% $100,000 - Learn More
36 Mo CD
0.10% $5,000 $49,999 Learn More
36 Mo CD
0.30% $100,000 - Learn More
48 Mo CD
0.20% $5,000 $49,999 Learn More
48 Mo CD
0.40% $100,000 - Learn More
60 Mo CD
0.20% $5,000 $49,999 Learn More
60 Mo CD
0.40% $100,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.03% $5,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1,000 $4,999 Learn MoreShow Less

Loan Rates - July 8, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Jersey Shore State 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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to Jersey Shore State Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Jersey Shore State 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


Jersey Shore State Bank Locations


Financial Details

Jersey Shore State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Jersey Shore State 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
Jersey Shore State Bank U.S. Bank Average
9.87% 6.51%

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 December 31, 2019, Jersey Shore State Bank had $10,150,000 in non-current loans and $413,000 in owned real estate. To cover these potential losses it had $99,076,000 in equity and $7,896,000 in loans loss reserves. That gives it a Texas Ratio of 9.87%.

Return on Equity
Jersey Shore State Bank U.S. Bank Average
13.76% 9.41%

Jersey Shore State Bank has a Return on Equity of 13.76% versus the BestCashCow average of 9.41%. 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
Jersey Shore State Bank U.S. Bank Average
8.05% 12.82%

Jersey Shore State Bank has a Capitalization of 8.05% versus the BestCashCow average of 12.82. 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.

Jersey Shore State Bank Balance Sheet Analysis

As of December 31, 2019, Jersey Shore State Bank had assets of $1,231,268,000, loans of $1,003,662,000, and deposits of $942,192,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 28.96 million
Interest-bearing balances $ 13.70 million
Total securities $ 119.01 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,003.66 million
Loan loss allowance $ 7.90 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.41 million
Goodwill and other intangibles $ 3.65 million
All other assets $ 50.40 million
     Total Assets $ 1,132.19 million
LIABILITIES
Total deposits $ 942.19 million
      Interest-bearing deposits $ 737.52 million
      Deposits held in domestic offices $ 942.19 million
      % insured (estimated) 65.05%
Federal funds purchased and repurchase agreements $ 1.91 million
Trading liabilities N.A.
Other borrowed funds $ 179.52 million
Subordinated debt N.A.
All other liabilities $ 8.58 million
      Total Liabilities $ 1,132.19 million
      Shareholders’ Equity $ 99.08 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 49.25 million
Total Interest Expense $ 13.15 million
Net interest income $ 36.10 million
Provision for loan and lease losses $ 2.30 million
Total non interest income $ 7.75 million
Total non interest expense $ 26.31 million
Pre-tax Net Operating Income $ 15.25 million

Bank Loan Profile?

The top three loan types in Jersey Shore State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Consumer Auto Loans.

Compared to other banks in Pennsylvania, Jersey Shore State Bank has a significantly higher percent of Consumer Auto 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 47.61
Multifamily
Mortgages
5.65
Credit Card Loans 0.00
Consumer Auto Loans 13.85
Small Business Loans 7.49
Construction and Development Loans 3.43
Commercial Real Estate 18.41
Commercial and Industrial Loans 3.65
Farm Loans 0.04

Frequently Asked Questions About Jersey Shore State Bank

Branches and Savings

Is Jersey Shore State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #14359.

Why does Jersey Shore State Bank pay such low interest on savings accounts?

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

Why are Jersey Shore State Bank CD rates not competitive?

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

Is Jersey Shore State Bank a commercial bank?

Yes

Where are Jersey Shore State Bank locations?

See branch locations nearby.

Is Jersey Shore State Bank open on Saturdays?

Is Jersey Shore State Bank open on Sundays?

What time does Jersey Shore State Bank open?

What time does Jersey Shore State Bank close?

Are Jersey Shore State Bank ATMs Open 24/7?

Do Jersey Shore State Bank ATMs accept cash deposits?

Can Jersey Shore State Bank customers use other ATMs?

Do Jersey Shore State Bank branches have notaries?

Will Jersey Shore State Bank notarize my document?

What address for Jersey Shore State Bank should I put for incoming ACH transfers?

Will the Jersey Shore State Bank branch print checks?

Do Jersey Shore State Bank checks expire?

Does Jersey Shore State Bank require US citizenship to open account?

Can Jersey Shore State Bank close my account?

Does Jersey Shore State Bank Report to credit bureaus?

Does Jersey Shore State Bank Use Equifax?

What is Jersey Shore State Bank's ACH Routing Number?

What is Jersey Shore State Bank's SWIFT code?

Products

Does Jersey Shore State Bank offer mortgages?

Compare mortgage rates here.

Does Jersey Shore State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Jersey Shore State Bank offer personal loans?

Compare personal loan rates here.

Does Jersey Shore State Bank offer student loans?

Will Jersey Shore State Bank cash a check?

Will Jersey Shore State Bank redeem a savings bond?

Does Jersey Shore State Bank cash savings bonds?

Will Jersey Shore State Bank cash money orders?

Can Jersey Shore State Bank issue a money order?

Does Jersey Shore State Bank do currency exchange?

Background on The Bank

Who owns Jersey Shore State Bank?

How long has Jersey Shore State Bank been around?

Can Jersey Shore State Bank transfer to other banks?

Does Jersey Shore State Bank have quick pay?

Does Jersey Shore State Bank accept rolled coins?

Will Jersey Shore State Bank accept loose change?

Where is Jersey Shore State Bank headquarters?

Customer Reviews for Jersey Shore State Bank


  • February 24, 2019

    This bank sucks I can't believe that I can't use my card on Sunday or get to my money is the owner a johvwinis that the bank can't get you your money on a Sunday or what this is bull shit I sent my wife to do a purchase for me and she can't use the card because the bank is always doing serves on it REALLY bull shit you the bank owner ows me 80$ for my inbarisment I'm not happy this is the 3 trd time now I'm done with it I'm going to a different bank. PS. YOU SUCK

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