Logan County Bank

Headquarters

600 Main Street
Scranton, AR 72863
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.25% →
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

Logan County Bank is an FDIC insured institution located in Scranton, AR. It was founded in 1926 and has approximately $0.08 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 5632
Date Established 1926
Assets $ 80.86 million
Loans $ 34.43 million
Deposits $ 63.91 million
Capital $ 16.88 million
 

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

Deposit Rates - September 28, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Logan County 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
2.815% 2.750% 0.88 $2,102 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Logan County Bank
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Branches

Logan County 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


Logan County Bank Locations


Financial Details

Logan County Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Logan County 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
Logan County Bank U.S. Bank Average
2.04% 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, Logan County Bank had $339,000 in non-current loans and $13,000 in owned real estate. To cover these potential losses it had $16,882,000 in equity and $412,000 in loans loss reserves. That gives it a Texas Ratio of 2.04%.

Return on Equity
Logan County Bank U.S. Bank Average
5.85% 7.80%

Logan County Bank has a Return on Equity of 5.85% 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
Logan County Bank U.S. Bank Average
20.88% 12.68%

Logan County Bank has a Capitalization of 20.88% 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.

Logan County Bank Balance Sheet Analysis

As of March 31, 2020, Logan County Bank had assets of $80,864,000, loans of $34,428,000, and deposits of $63,908,000. 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 $ 2.39 million
Interest-bearing balances $ 0.49 million
Total securities $ 42.01 million
Federal funds sold and reverse repurchase $ 0.78 million
Net loans and leases $ 34.43 million
Loan loss allowance $ 0.41 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.01 million
Goodwill and other intangibles N.A.
All other assets $ 0.89 million
     Total Assets $ 63.98 million
LIABILITIES
Total deposits $ 63.91 million
      Interest-bearing deposits $ 50.52 million
      Deposits held in domestic offices $ 63.91 million
      % insured (estimated) 80.39%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.07 million
      Total Liabilities $ 63.98 million
      Shareholders’ Equity $ 16.88 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.70 million
Total Interest Expense $ 0.14 million
Net interest income $ 0.56 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.02 million
Total non interest expense $ 0.31 million
Pre-tax Net Operating Income $ 0.27 million

Bank Loan Profile?

The top three loan types in Logan County Bank’s loan portfolio are 1-4 Family Residential Loans, Consumer Auto Loans, and Commercial and Industrial Loans.

Compared to other banks in Arkansas, Logan County Bank has a significantly higher percent of 1-4 Family Residential Loans, 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 53.64
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 13.95
Small Business Loans 0.00
Construction and Development Loans 1.00
Commercial Real Estate 7.07
Commercial and Industrial Loans 8.07
Farm Loans 7.24

Frequently Asked Questions About Logan County Bank

Branches and Savings

Is Logan County Bank FDIC insured?

Yes. It is covered under FDIC Certificate #5632.

Why does Logan County Bank pay such low interest on savings accounts?

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

Why are Logan County Bank CD rates not competitive?

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

Is Logan County Bank a commercial bank?

Yes

Where are Logan County Bank locations?

See branch locations nearby.

Is Logan County Bank open on Saturdays?

Is Logan County Bank open on Sundays?

What time does Logan County Bank open?

What time does Logan County Bank close?

Are Logan County Bank ATMs Open 24/7?

Do Logan County Bank ATMs accept cash deposits?

Can Logan County Bank customers use other ATMs?

Do Logan County Bank branches have notaries?

Will Logan County Bank notarize my document?

What address for Logan County Bank should I put for incoming ACH transfers?

Will the Logan County Bank branch print checks?

Do Logan County Bank checks expire?

Does Logan County Bank require US citizenship to open account?

Can Logan County Bank close my account?

Does Logan County Bank Report to credit bureaus?

Does Logan County Bank Use Equifax?

What is Logan County Bank's ACH Routing Number?

What is Logan County Bank's SWIFT code?

Products

Does Logan County Bank offer mortgages?

Compare mortgage rates here.

Does Logan County Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Logan County Bank offer personal loans?

Compare personal loan rates here.

Does Logan County Bank offer student loans?

Will Logan County Bank cash a check?

Will Logan County Bank redeem a savings bond?

Does Logan County Bank cash savings bonds?

Will Logan County Bank cash money orders?

Can Logan County Bank issue a money order?

Does Logan County Bank do currency exchange?

Background on The Bank

Who owns Logan County Bank?

How long has Logan County Bank been around?

Can Logan County Bank transfer to other banks?

Does Logan County Bank have quick pay?

Does Logan County Bank accept rolled coins?

Will Logan County Bank accept loose change?

Where is Logan County Bank headquarters?

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