North County Bank

Headquarters

16419 Smokey Point Blvd
Arlington, WA 98223
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 County Bank is an FDIC insured institution located in Arlington, WA. It was founded in 1999 and has approximately $0.29 billion in assets.

North County Bank, Arlington, Washington, was closed September 24, 2010 by the Washington Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Whidbey Island Bank, Coupeville, Washington, to assume all of the deposits of North County Bank.

FDIC Insured Yes
FDIC Certificate # 35053
Date Established 1999
Assets $ 340.67 million
Loans $ 240.36 million
Deposits $ 321.32 million
Capital $ 17.79 million
 

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

Deposit Rates - September 19, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 19, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for North County 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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Payment
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Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Third Federal Savings and Loans
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2.990 %
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People's United Bank, N.A.
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4.000 %
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Note to North County Bank
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Branches

North 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:
Fairfield,Connecticut


North County Bank Locations


Financial Details

North County Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of North 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
North County Bank U.S. Bank Average
177.6% 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 County Bank had $57,279,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $17,792,000 in equity and $14,459,000 in loans loss reserves. That gives it a Texas Ratio of 177.6%.

Return on Equity
North County Bank U.S. Bank Average
-36.05% 7.80%

North County Bank has a Return on Equity of -36.05% 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 County Bank U.S. Bank Average
5.22% 12.68%

North County Bank has a Capitalization of 5.22% 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 County Bank Balance Sheet Analysis

As of November 30, -0001, North County Bank had assets of $288,776,000, loans of $240,361,000, and deposits of $321,324,000. 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 $ 240.36 million
Loan loss allowance $ 14.46 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 $ 321.32 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 $ 340.67 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 County Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, North County 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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About North County Bank

Branches and Savings

Is North County Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35053.

Why does North 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 North County Bank CD rates not competitive?

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

Is North County Bank a commercial bank?

Yes

Where are North County Bank locations?

See branch locations nearby.

Is North County Bank open on Saturdays?

Is North County Bank open on Sundays?

What time does North County Bank open?

What time does North County Bank close?

Are North County Bank ATMs Open 24/7?

Do North County Bank ATMs accept cash deposits?

Can North County Bank customers use other ATMs?

Do North County Bank branches have notaries?

Will North County Bank notarize my document?

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

Will the North County Bank branch print checks?

Do North County Bank checks expire?

Does North County Bank require US citizenship to open account?

Can North County Bank close my account?

Does North County Bank Report to credit bureaus?

Does North County Bank Use Equifax?

What is North County Bank's ACH Routing Number?

What is North County Bank's SWIFT code?

Products

Does North County Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does North County Bank offer personal loans?

Compare personal loan rates here.

Does North County Bank offer student loans?

Will North County Bank cash a check?

Will North County Bank redeem a savings bond?

Does North County Bank cash savings bonds?

Will North County Bank cash money orders?

Can North County Bank issue a money order?

Does North County Bank do currency exchange?

Background on The Bank

Who owns North County Bank?

How long has North County Bank been around?

Can North County Bank transfer to other banks?

Does North County Bank have quick pay?

Does North County Bank accept rolled coins?

Will North County Bank accept loose change?

Where is North County Bank headquarters?

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