Lamont Bank of St. John

Headquarters

E 6 Front St
Saint John, WA 99171
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

Lamont Bank of St. John is an FDIC insured institution located in Saint John, WA. It was founded in 1908 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 8681
Date Established 1908
Assets $ 54.28 million
Loans $ 27.34 million
Deposits $ 44.70 million
Capital $ 6.94 million
 

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

Deposit Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Lamont Bank of St. John

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

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3.620% 3.500% 1.00 $3,750 $1,123 Learn More
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2.569% 2.500% 0.88 $2,258 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to Lamont Bank of St. John
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Branches

Lamont Bank of St. John 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


Lamont Bank of St. John Locations


Financial Details

Lamont Bank of St. John Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Lamont Bank of St. John. 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
Lamont Bank of St. John U.S. Bank Average
1.25% 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, Lamont Bank of St. John had $10,000 in non-current loans and $80,000 in owned real estate. To cover these potential losses it had $6,938,000 in equity and $271,000 in loans loss reserves. That gives it a Texas Ratio of 1.25%.

Return on Equity
Lamont Bank of St. John U.S. Bank Average
-14.56% 7.80%

Lamont Bank of St. John has a Return on Equity of -14.56% 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
Lamont Bank of St. John U.S. Bank Average
12.78% 12.68%

Lamont Bank of St. John has a Capitalization of 12.78% 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.

Lamont Bank of St. John Balance Sheet Analysis

As of March 31, 2020, Lamont Bank of St. John had assets of $54,278,000, loans of $27,338,000, and deposits of $44,703,000. 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 $ 1.70 million
Interest-bearing balances $ 0.78 million
Total securities $ 22.20 million
Federal funds sold and reverse repurchase $ 1.70 million
Net loans and leases $ 27.34 million
Loan loss allowance $ 0.27 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.08 million
Goodwill and other intangibles N.A.
All other assets $ 0.99 million
     Total Assets $ 47.34 million
LIABILITIES
Total deposits $ 44.70 million
      Interest-bearing deposits $ 30.20 million
      Deposits held in domestic offices $ 44.70 million
      % insured (estimated) 90.91%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.45 million
Subordinated debt N.A.
All other liabilities $ 0.19 million
      Total Liabilities $ 47.34 million
      Shareholders’ Equity $ 6.94 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.55 million
Total Interest Expense $ 0.08 million
Net interest income $ 0.48 million
Provision for loan and lease losses $ 0.59 million
Total non interest income $ 0.01 million
Total non interest expense $ 0.19 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Lamont Bank of St. John’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Washington, Lamont Bank of St. John has a significantly higher percent of Farm 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 0.66
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 12.36
Farm Loans 65.04

Frequently Asked Questions About Lamont Bank Of St. John

Branches and Savings

Is Lamont Bank Of St. John FDIC insured?

Yes. It is covered under FDIC Certificate #8681.

Why does Lamont Bank Of St. John pay such low interest on savings accounts?

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

Why are Lamont Bank Of St. John CD rates not competitive?

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

Is Lamont Bank Of St. John a commercial bank?

Yes

Where are Lamont Bank Of St. John locations?

See branch locations nearby.

Is Lamont Bank Of St. John open on Saturdays?

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Products

Does Lamont Bank Of St. John offer mortgages?

Compare mortgage rates here.

Does Lamont Bank Of St. John offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Lamont Bank Of St. John offer personal loans?

Compare personal loan rates here.

Does Lamont Bank Of St. John offer student loans?

Will Lamont Bank Of St. John cash a check?

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Can Lamont Bank Of St. John issue a money order?

Does Lamont Bank Of St. John do currency exchange?

Background on The Bank

Who owns Lamont Bank Of St. John?

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Can Lamont Bank Of St. John transfer to other banks?

Does Lamont Bank Of St. John have quick pay?

Does Lamont Bank Of St. John accept rolled coins?

Will Lamont Bank Of St. John accept loose change?

Where is Lamont Bank Of St. John headquarters?

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