North Akron Savings Bank

Headquarters

158 East Cuyahoga Falls Avenue
Akron, OH 44310
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

North Akron Savings Bank is an FDIC insured institution located in Akron, OH. It was founded in 1921 and has approximately $0.15 billion in assets.

FDIC Insured Yes
FDIC Certificate # 28179
Date Established 1921
Assets $ 145.79 million
Loans $ 112.98 million
Deposits $ 108.54 million
Capital $ 14.36 million
 

For a more detailed analysis of North Akron Savings 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 North Akron Savings 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

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3.872% 3.750% 1.00 $3,750 $1,158 Learn More
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Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to North Akron Savings Bank
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Branches

North Akron Savings 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


North Akron Savings Bank Locations


Financial Details

North Akron Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of North Akron Savings 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
North Akron Savings Bank U.S. Bank Average
4.01% 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, North Akron Savings Bank had $619,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $14,360,000 in equity and $1,071,000 in loans loss reserves. That gives it a Texas Ratio of 4.01%.

Return on Equity
North Akron Savings Bank U.S. Bank Average
1.98% 7.80%

North Akron Savings Bank has a Return on Equity of 1.98% 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
North Akron Savings Bank U.S. Bank Average
9.85% 12.68%

North Akron Savings Bank has a Capitalization of 9.85% 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.

North Akron Savings Bank Balance Sheet Analysis

As of September 30, 2014, North Akron Savings Bank had assets of $145,793,000, loans of $112,977,000, and deposits of $108,536,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 112.98 million
Loan loss allowance $ 1.07 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 108.54 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 145.79 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in North Akron Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Ohio, North Akron Savings Bank has a significantly higher percent of 1-4 Family Residential Loans, Small Business 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 80.17
Multifamily
Mortgages
2.01
Credit Card Loans 0.00
Consumer Auto Loans 0.05
Small Business Loans 13.92
Construction and Development Loans 0.22
Commercial Real Estate 15.29
Commercial and Industrial Loans 3.26
Farm Loans 0.00

Frequently Asked Questions About North Akron Savings Bank

Branches and Savings

Is North Akron Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #28179.

Why does North Akron Savings Bank pay such low interest on savings accounts?

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

Why are North Akron Savings Bank CD rates not competitive?

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

Is North Akron Savings Bank a commercial bank?

Yes

Where are North Akron Savings Bank locations?

See branch locations nearby.

Is North Akron Savings Bank open on Saturdays?

Is North Akron Savings Bank open on Sundays?

What time does North Akron Savings Bank open?

What time does North Akron Savings Bank close?

Are North Akron Savings Bank ATMs Open 24/7?

Do North Akron Savings Bank ATMs accept cash deposits?

Can North Akron Savings Bank customers use other ATMs?

Do North Akron Savings Bank branches have notaries?

Will North Akron Savings Bank notarize my document?

What address for North Akron Savings Bank should I put for incoming ACH transfers?

Will the North Akron Savings Bank branch print checks?

Do North Akron Savings Bank checks expire?

Does North Akron Savings Bank require US citizenship to open account?

Can North Akron Savings Bank close my account?

Does North Akron Savings Bank Report to credit bureaus?

Does North Akron Savings Bank Use Equifax?

What is North Akron Savings Bank's ACH Routing Number?

What is North Akron Savings Bank's SWIFT code?

Products

Does North Akron Savings Bank offer mortgages?

Compare mortgage rates here.

Does North Akron Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does North Akron Savings Bank offer personal loans?

Compare personal loan rates here.

Does North Akron Savings Bank offer student loans?

Will North Akron Savings Bank cash a check?

Will North Akron Savings Bank redeem a savings bond?

Does North Akron Savings Bank cash savings bonds?

Will North Akron Savings Bank cash money orders?

Can North Akron Savings Bank issue a money order?

Does North Akron Savings Bank do currency exchange?

Background on The Bank

Who owns North Akron Savings Bank?

How long has North Akron Savings Bank been around?

Can North Akron Savings Bank transfer to other banks?

Does North Akron Savings Bank have quick pay?

Does North Akron Savings Bank accept rolled coins?

Will North Akron Savings Bank accept loose change?

Where is North Akron Savings Bank headquarters?

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