Macon Bank and Trust Company

Headquarters

609 Red Boiling Springs Rd.
Lafayette, TN 37083
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. 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

Macon Bank and Trust Company is an FDIC insured institution located in Lafayette, TN. It was founded in 1919 and has approximately $0.43 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 6091
Date Established 1919
Assets $ 432.55 million
Loans $ 189.55 million
Deposits $ 369.15 million
Capital $ 52.83 million
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Macon Bank and Trust Company

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
2.816% 2.750% 0.88 $2,132 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 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
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Macon Bank and Trust Company
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Macon Bank and Trust Company 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


Macon Bank and Trust Company Locations


Financial Details

Macon Bank and Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Macon Bank and Trust Company. 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
Macon Bank and Trust Company U.S. Bank Average
1.13% 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, Macon Bank and Trust Company had $551,000 in non-current loans and $79,000 in owned real estate. To cover these potential losses it had $52,826,000 in equity and $2,691,000 in loans loss reserves. That gives it a Texas Ratio of 1.13%.

Return on Equity
Macon Bank and Trust Company U.S. Bank Average
5.58% 7.80%

Macon Bank and Trust Company has a Return on Equity of 5.58% 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
Macon Bank and Trust Company U.S. Bank Average
12.21% 12.68%

Macon Bank and Trust Company has a Capitalization of 12.21% 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.

Macon Bank and Trust Company Balance Sheet Analysis

As of March 31, 2020, Macon Bank and Trust Company had assets of $432,552,000, loans of $189,550,000, and deposits of $369,151,000. 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 $ 15.94 million
Interest-bearing balances $ 4.87 million
Total securities $ 184.90 million
Federal funds sold and reverse repurchase $ 19.01 million
Net loans and leases $ 189.55 million
Loan loss allowance $ 2.69 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.08 million
Goodwill and other intangibles $ 0.49 million
All other assets $ 17.01 million
     Total Assets $ 379.73 million
LIABILITIES
Total deposits $ 369.15 million
      Interest-bearing deposits $ 315.70 million
      Deposits held in domestic offices $ 369.15 million
      % insured (estimated) 84.64%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 3.11 million
Subordinated debt N.A.
All other liabilities $ 7.46 million
      Total Liabilities $ 379.73 million
      Shareholders’ Equity $ 52.83 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.08 million
Total Interest Expense $ 1.11 million
Net interest income $ 2.96 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.66 million
Total non interest expense $ 2.82 million
Pre-tax Net Operating Income $ 0.77 million

Bank Loan Profile?

The top three loan types in Macon Bank and Trust Company’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Tennessee, Macon Bank and Trust Company has a significantly higher percent of Construction and Development 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 32.84
Multifamily
Mortgages
2.91
Credit Card Loans 0.00
Consumer Auto Loans 4.14
Small Business Loans 0.00
Construction and Development Loans 20.60
Commercial Real Estate 13.82
Commercial and Industrial Loans 5.28
Farm Loans 2.12

Frequently Asked Questions About Macon Bank And Trust Company

Branches and Savings

Is Macon Bank And Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #6091.

Why does Macon Bank And Trust Company pay such low interest on savings accounts?

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

Why are Macon Bank And Trust Company CD rates not competitive?

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

Is Macon Bank And Trust Company a commercial bank?

Yes

Where are Macon Bank And Trust Company locations?

See branch locations nearby.

Is Macon Bank And Trust Company open on Saturdays?

Is Macon Bank And Trust Company open on Sundays?

What time does Macon Bank And Trust Company open?

What time does Macon Bank And Trust Company close?

Are Macon Bank And Trust Company ATMs Open 24/7?

Do Macon Bank And Trust Company ATMs accept cash deposits?

Can Macon Bank And Trust Company customers use other ATMs?

Do Macon Bank And Trust Company branches have notaries?

Will Macon Bank And Trust Company notarize my document?

What address for Macon Bank And Trust Company should I put for incoming ACH transfers?

Will the Macon Bank And Trust Company branch print checks?

Do Macon Bank And Trust Company checks expire?

Does Macon Bank And Trust Company require US citizenship to open account?

Can Macon Bank And Trust Company close my account?

Does Macon Bank And Trust Company Report to credit bureaus?

Does Macon Bank And Trust Company Use Equifax?

What is Macon Bank And Trust Company's ACH Routing Number?

What is Macon Bank And Trust Company's SWIFT code?

Products

Does Macon Bank And Trust Company offer mortgages?

Compare mortgage rates here.

Does Macon Bank And Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Macon Bank And Trust Company offer personal loans?

Compare personal loan rates here.

Does Macon Bank And Trust Company offer student loans?

Will Macon Bank And Trust Company cash a check?

Will Macon Bank And Trust Company redeem a savings bond?

Does Macon Bank And Trust Company cash savings bonds?

Will Macon Bank And Trust Company cash money orders?

Can Macon Bank And Trust Company issue a money order?

Does Macon Bank And Trust Company do currency exchange?

Background on The Bank

Who owns Macon Bank And Trust Company?

How long has Macon Bank And Trust Company been around?

Can Macon Bank And Trust Company transfer to other banks?

Does Macon Bank And Trust Company have quick pay?

Does Macon Bank And Trust Company accept rolled coins?

Will Macon Bank And Trust Company accept loose change?

Where is Macon Bank And Trust Company headquarters?

Customer Reviews for Macon Bank and Trust Company

There are currently no comments for Macon Bank and Trust Company. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →