Lovelady State Bank

Headquarters

910 S Commerce St
Lovelady, TX 75851
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. 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Lovelady State Bank is an FDIC insured institution located in Lovelady, TX. It was founded in 1974 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 21807
Date Established 1974
Assets $ 44.63 million
Loans $ 21.70 million
Deposits $ 39.31 million
Capital $ 5.16 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Lovelady State 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
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More

Featured - Connecticut 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 Lovelady State Bank
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Branches

Lovelady 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:
Fairfield,Connecticut


Lovelady State Bank Locations


Financial Details

Lovelady State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Lovelady 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
Lovelady State Bank U.S. Bank Average
17.26% 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, Lovelady State Bank had $591,000 in non-current loans and $352,000 in owned real estate. To cover these potential losses it had $5,155,000 in equity and $309,000 in loans loss reserves. That gives it a Texas Ratio of 17.26%.

Return on Equity
Lovelady State Bank U.S. Bank Average
6.41% 7.80%

Lovelady State Bank has a Return on Equity of 6.41% 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
Lovelady State Bank U.S. Bank Average
11.55% 12.68%

Lovelady State Bank has a Capitalization of 11.55% 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.

Lovelady State Bank Balance Sheet Analysis

As of March 31, 2020, Lovelady State Bank had assets of $44,626,000, loans of $21,704,000, and deposits of $39,310,000. 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 $ 12.25 million
Interest-bearing balances $ 1.63 million
Total securities $ 8.06 million
Federal funds sold and reverse repurchase $ 0.70 million
Net loans and leases $ 21.70 million
Loan loss allowance $ 0.31 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.35 million
Goodwill and other intangibles N.A.
All other assets $ 1.47 million
     Total Assets $ 39.47 million
LIABILITIES
Total deposits $ 39.31 million
      Interest-bearing deposits $ 27.88 million
      Deposits held in domestic offices $ 39.31 million
      % insured (estimated) 91.78%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.16 million
      Total Liabilities $ 39.47 million
      Shareholders’ Equity $ 5.16 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.41 million
Total Interest Expense $ 0.04 million
Net interest income $ 0.38 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.07 million
Total non interest expense $ 0.36 million
Pre-tax Net Operating Income $ 0.08 million

Bank Loan Profile?

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

Compared to other banks, Lovelady State Bank’s loan portfolio does not show any specific loan specialty.

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 25.14
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.51
Small Business Loans 0.00
Construction and Development Loans 2.72
Commercial Real Estate 12.18
Commercial and Industrial Loans 20.08
Farm Loans 11.54

Frequently Asked Questions About Lovelady State Bank

Branches and Savings

Is Lovelady State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #21807.

Why does Lovelady 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 Lovelady State Bank CD rates not competitive?

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

Is Lovelady State Bank a commercial bank?

Yes

Where are Lovelady State Bank locations?

See branch locations nearby.

Is Lovelady State Bank open on Saturdays?

Is Lovelady State Bank open on Sundays?

What time does Lovelady State Bank open?

What time does Lovelady State Bank close?

Are Lovelady State Bank ATMs Open 24/7?

Do Lovelady State Bank ATMs accept cash deposits?

Can Lovelady State Bank customers use other ATMs?

Do Lovelady State Bank branches have notaries?

Will Lovelady State Bank notarize my document?

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

Will the Lovelady State Bank branch print checks?

Do Lovelady State Bank checks expire?

Does Lovelady State Bank require US citizenship to open account?

Can Lovelady State Bank close my account?

Does Lovelady State Bank Report to credit bureaus?

Does Lovelady State Bank Use Equifax?

What is Lovelady State Bank's ACH Routing Number?

What is Lovelady State Bank's SWIFT code?

Products

Does Lovelady State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Lovelady State Bank offer personal loans?

Compare personal loan rates here.

Does Lovelady State Bank offer student loans?

Will Lovelady State Bank cash a check?

Will Lovelady State Bank redeem a savings bond?

Does Lovelady State Bank cash savings bonds?

Will Lovelady State Bank cash money orders?

Can Lovelady State Bank issue a money order?

Does Lovelady State Bank do currency exchange?

Background on The Bank

Who owns Lovelady State Bank?

How long has Lovelady State Bank been around?

Can Lovelady State Bank transfer to other banks?

Does Lovelady State Bank have quick pay?

Does Lovelady State Bank accept rolled coins?

Will Lovelady State Bank accept loose change?

Where is Lovelady State Bank headquarters?

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