Morganton Savings Bank, S.S.B.

Headquarters

100 South King Street
Morganton, NC 28655
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.10% 0.95% →
2-Year CD 0.30% 1.05% →
5-Year CD 0.60% 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

Morganton Savings Bank, S.S.B. is an FDIC insured institution located in Morganton, NC. It was founded in 1903 and has approximately $0.1 billion in assets.

FDIC Insured Yes
FDIC Certificate # 30434
Date Established 1903
Assets $ 102.52 million
Loans $ 67.40 million
Deposits $ 57.04 million
Capital $ 24.85 million
 

For a more detailed analysis of Morganton Savings Bank, S.S.B.'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

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
12 Mo CD
0.10% $10,000 $14,999 Learn More
12 Mo CD
0.10% $100,000 $199,999 Learn More
18 Mo CD
0.20% $10,000 $14,999 Learn More
18 Mo CD
0.20% $100,000 $199,999 Learn More
24 Mo CD
0.30% $10,000 $14,999 Learn More
24 Mo CD
0.30% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
60 Mo CD
0.60% $10,000 $14,999 Learn More
60 Mo CD
0.60% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Morganton Savings Bank, S.S.B.

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 $2,128 $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 Morganton Savings Bank, S.S.B.
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Branches

Morganton Savings Bank, S.S.B. 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


Morganton Savings Bank, S.S.B. Locations


Financial Details

Morganton Savings Bank, S.S.B. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Morganton Savings Bank, S.S.B.. 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
Morganton Savings Bank, S.S.B. U.S. Bank Average
2.78% 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, Morganton Savings Bank, S.S.B. had $469,000 in non-current loans and $270,000 in owned real estate. To cover these potential losses it had $24,849,000 in equity and $1,759,000 in loans loss reserves. That gives it a Texas Ratio of 2.78%.

Return on Equity
Morganton Savings Bank, S.S.B. U.S. Bank Average
-5.08% 7.80%

Morganton Savings Bank, S.S.B. has a Return on Equity of -5.08% 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
Morganton Savings Bank, S.S.B. U.S. Bank Average
24.24% 12.68%

Morganton Savings Bank, S.S.B. has a Capitalization of 24.24% 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.

Morganton Savings Bank, S.S.B. Balance Sheet Analysis

As of March 31, 2020, Morganton Savings Bank, S.S.B. had assets of $102,515,000, loans of $67,404,000, and deposits of $57,037,000. 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 $ 11.74 million
Interest-bearing balances $ 9.44 million
Total securities $ 8.68 million
Federal funds sold and reverse repurchase $ 0.00 million
Net loans and leases $ 67.40 million
Loan loss allowance $ 1.76 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.27 million
Goodwill and other intangibles N.A.
All other assets $ 12.24 million
     Total Assets $ 77.67 million
LIABILITIES
Total deposits $ 57.04 million
      Interest-bearing deposits $ 52.76 million
      Deposits held in domestic offices $ 57.04 million
      % insured (estimated) 88.75%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 18.00 million
Subordinated debt N.A.
All other liabilities $ 2.63 million
      Total Liabilities $ 77.67 million
      Shareholders’ Equity $ 24.85 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.01 million
Total Interest Expense $ 0.17 million
Net interest income $ 0.84 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.13 million
Total non interest expense $ 0.65 million
Pre-tax Net Operating Income $ 0.31 million

Bank Loan Profile?

The top three loan types in Morganton Savings Bank, S.S.B.’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in North Carolina, Morganton Savings Bank, S.S.B. has a significantly higher percent of Multifamily Mortgages 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 47.85
Multifamily
Mortgages
11.14
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 16.55
Commercial Real Estate 26.43
Commercial and Industrial Loans 0.42
Farm Loans 0.00

Frequently Asked Questions About Morganton Savings Bank, S.s.b.

Branches and Savings

Is Morganton Savings Bank, S.s.b. FDIC insured?

Yes. It is covered under FDIC Certificate #30434.

Why does Morganton Savings Bank, S.s.b. pay such low interest on savings accounts?

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

Why are Morganton Savings Bank, S.s.b. CD rates not competitive?

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

Is Morganton Savings Bank, S.s.b. a commercial bank?

Yes

Where are Morganton Savings Bank, S.s.b. locations?

See branch locations nearby.

Is Morganton Savings Bank, S.s.b. open on Saturdays?

Is Morganton Savings Bank, S.s.b. open on Sundays?

What time does Morganton Savings Bank, S.s.b. open?

What time does Morganton Savings Bank, S.s.b. close?

Are Morganton Savings Bank, S.s.b. ATMs Open 24/7?

Do Morganton Savings Bank, S.s.b. ATMs accept cash deposits?

Can Morganton Savings Bank, S.s.b. customers use other ATMs?

Do Morganton Savings Bank, S.s.b. branches have notaries?

Will Morganton Savings Bank, S.s.b. notarize my document?

What address for Morganton Savings Bank, S.s.b. should I put for incoming ACH transfers?

Will the Morganton Savings Bank, S.s.b. branch print checks?

Do Morganton Savings Bank, S.s.b. checks expire?

Does Morganton Savings Bank, S.s.b. require US citizenship to open account?

Can Morganton Savings Bank, S.s.b. close my account?

Does Morganton Savings Bank, S.s.b. Report to credit bureaus?

Does Morganton Savings Bank, S.s.b. Use Equifax?

What is Morganton Savings Bank, S.s.b.'s ACH Routing Number?

What is Morganton Savings Bank, S.s.b.'s SWIFT code?

Products

Does Morganton Savings Bank, S.s.b. offer mortgages?

Compare mortgage rates here.

Does Morganton Savings Bank, S.s.b. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Morganton Savings Bank, S.s.b. offer personal loans?

Compare personal loan rates here.

Does Morganton Savings Bank, S.s.b. offer student loans?

Will Morganton Savings Bank, S.s.b. cash a check?

Will Morganton Savings Bank, S.s.b. redeem a savings bond?

Does Morganton Savings Bank, S.s.b. cash savings bonds?

Will Morganton Savings Bank, S.s.b. cash money orders?

Can Morganton Savings Bank, S.s.b. issue a money order?

Does Morganton Savings Bank, S.s.b. do currency exchange?

Background on The Bank

Who owns Morganton Savings Bank, S.s.b.?

How long has Morganton Savings Bank, S.s.b. been around?

Can Morganton Savings Bank, S.s.b. transfer to other banks?

Does Morganton Savings Bank, S.s.b. have quick pay?

Does Morganton Savings Bank, S.s.b. accept rolled coins?

Will Morganton Savings Bank, S.s.b. accept loose change?

Where is Morganton Savings Bank, S.s.b. headquarters?

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