Lafayette Savings Bank, FSB

Headquarters

101 Main Street
Lafayette, IN 47901
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

Lafayette Savings Bank, FSB is an FDIC insured institution located in Lafayette, IN. It was founded in 1869 and has approximately $0.36 billion in assets.

FDIC Insured Yes
FDIC Certificate # 11990
Date Established 1869
Assets $ 358.30 million
Loans $ 255.60 million
Deposits $ 305.26 million
Capital $ 41.06 million
 

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

Deposit Rates - October 29, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Lafayette Savings Bank, FSB

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




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Note to Lafayette Savings Bank, FSB
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Branches

Lafayette Savings Bank, FSB 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


Lafayette Savings Bank, FSB Locations


Financial Details

Lafayette Savings Bank, FSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Lafayette Savings Bank, FSB. 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
Lafayette Savings Bank, FSB U.S. Bank Average
9.38% 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, Lafayette Savings Bank, FSB had $4,313,000 in non-current loans and $117,000 in owned real estate. To cover these potential losses it had $41,064,000 in equity and $6,150,000 in loans loss reserves. That gives it a Texas Ratio of 9.38%.

Return on Equity
Lafayette Savings Bank, FSB U.S. Bank Average
5.14% 7.80%

Lafayette Savings Bank, FSB has a Return on Equity of 5.14% 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
Lafayette Savings Bank, FSB U.S. Bank Average
11.46% 12.68%

Lafayette Savings Bank, FSB has a Capitalization of 11.46% 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.

Lafayette Savings Bank, FSB Balance Sheet Analysis

As of September 30, 2014, Lafayette Savings Bank, FSB had assets of $358,303,000, loans of $255,595,000, and deposits of $305,261,000. 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 $ 255.60 million
Loan loss allowance $ 6.15 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.12 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 305.26 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 $ 358.30 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 Lafayette Savings Bank, FSB’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks in Indiana, Lafayette Savings Bank, FSB has a significantly higher percent of Multifamily Mortgages, 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 46.51
Multifamily
Mortgages
20.12
Credit Card Loans 0.00
Consumer Auto Loans 0.25
Small Business Loans 12.38
Construction and Development Loans 1.83
Commercial Real Estate 27.57
Commercial and Industrial Loans 3.31
Farm Loans 0.00

Frequently Asked Questions About Lafayette Savings Bank, Fsb

Branches and Savings

Is Lafayette Savings Bank, Fsb FDIC insured?

Yes. It is covered under FDIC Certificate #11990.

Why does Lafayette Savings Bank, Fsb pay such low interest on savings accounts?

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

Why are Lafayette Savings Bank, Fsb CD rates not competitive?

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

Is Lafayette Savings Bank, Fsb a commercial bank?

Yes

Where are Lafayette Savings Bank, Fsb locations?

See branch locations nearby.

Is Lafayette Savings Bank, Fsb open on Saturdays?

Is Lafayette Savings Bank, Fsb open on Sundays?

What time does Lafayette Savings Bank, Fsb open?

What time does Lafayette Savings Bank, Fsb close?

Are Lafayette Savings Bank, Fsb ATMs Open 24/7?

Do Lafayette Savings Bank, Fsb ATMs accept cash deposits?

Can Lafayette Savings Bank, Fsb customers use other ATMs?

Do Lafayette Savings Bank, Fsb branches have notaries?

Will Lafayette Savings Bank, Fsb notarize my document?

What address for Lafayette Savings Bank, Fsb should I put for incoming ACH transfers?

Will the Lafayette Savings Bank, Fsb branch print checks?

Do Lafayette Savings Bank, Fsb checks expire?

Does Lafayette Savings Bank, Fsb require US citizenship to open account?

Can Lafayette Savings Bank, Fsb close my account?

Does Lafayette Savings Bank, Fsb Report to credit bureaus?

Does Lafayette Savings Bank, Fsb Use Equifax?

What is Lafayette Savings Bank, Fsb's ACH Routing Number?

What is Lafayette Savings Bank, Fsb's SWIFT code?

Products

Does Lafayette Savings Bank, Fsb offer mortgages?

Compare mortgage rates here.

Does Lafayette Savings Bank, Fsb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Lafayette Savings Bank, Fsb offer personal loans?

Compare personal loan rates here.

Does Lafayette Savings Bank, Fsb offer student loans?

Will Lafayette Savings Bank, Fsb cash a check?

Will Lafayette Savings Bank, Fsb redeem a savings bond?

Does Lafayette Savings Bank, Fsb cash savings bonds?

Will Lafayette Savings Bank, Fsb cash money orders?

Can Lafayette Savings Bank, Fsb issue a money order?

Does Lafayette Savings Bank, Fsb do currency exchange?

Background on The Bank

Who owns Lafayette Savings Bank, Fsb?

How long has Lafayette Savings Bank, Fsb been around?

Can Lafayette Savings Bank, Fsb transfer to other banks?

Does Lafayette Savings Bank, Fsb have quick pay?

Does Lafayette Savings Bank, Fsb accept rolled coins?

Will Lafayette Savings Bank, Fsb accept loose change?

Where is Lafayette Savings Bank, Fsb headquarters?

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