Oglesby State Bank

Headquarters

117 Texas 1996
Oglesby, TX 76561
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

Oglesby State Bank is an FDIC insured institution located in Oglesby, TX. It was founded in 1925 and has approximately $0.01 billion in assets.

FDIC Insured Yes
FDIC Certificate # 3371
Date Established 1925
Assets $ 13.54 million
Loans $ 11.03 million
Deposits $ 12.08 million
Capital $ 1.45 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Oglesby 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

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4.114% 3.990% 1.00 $3,750 $1,193 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

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Third Federal Savings and Loans
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2.990 %
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Note to Oglesby State Bank
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Branches

Oglesby 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


Oglesby State Bank Locations


Financial Details

Oglesby State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Oglesby 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
Oglesby State Bank U.S. Bank Average
1.07% 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, Oglesby State Bank had $17,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $1,445,000 in equity and $137,000 in loans loss reserves. That gives it a Texas Ratio of 1.07%.

Return on Equity
Oglesby State Bank U.S. Bank Average
7.84% 7.80%

Oglesby State Bank has a Return on Equity of 7.84% 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
Oglesby State Bank U.S. Bank Average
10.67% 12.68%

Oglesby State Bank has a Capitalization of 10.67% 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.

Oglesby State Bank Balance Sheet Analysis

As of March 31, 2015, Oglesby State Bank had assets of $13,544,000, loans of $11,030,000, and deposits of $12,075,000. 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 $ 11.03 million
Loan loss allowance $ 0.14 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 $ 12.08 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 $ 13.54 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 Oglesby State Bank’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Consumer Auto Loans.

Compared to other banks in Texas, Oglesby State Bank has a significantly higher percent of Consumer Auto 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 37.59
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 10.21
Small Business Loans 5.66
Construction and Development Loans 5.03
Commercial Real Estate 5.66
Commercial and Industrial Loans 7.65
Farm Loans 15.68

Frequently Asked Questions About Oglesby State Bank

Branches and Savings

Is Oglesby State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #3371.

Why does Oglesby 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 Oglesby State Bank CD rates not competitive?

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

Is Oglesby State Bank a commercial bank?

Yes

Where are Oglesby State Bank locations?

See branch locations nearby.

Is Oglesby State Bank open on Saturdays?

Is Oglesby State Bank open on Sundays?

What time does Oglesby State Bank open?

What time does Oglesby State Bank close?

Are Oglesby State Bank ATMs Open 24/7?

Do Oglesby State Bank ATMs accept cash deposits?

Can Oglesby State Bank customers use other ATMs?

Do Oglesby State Bank branches have notaries?

Will Oglesby State Bank notarize my document?

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

Will the Oglesby State Bank branch print checks?

Do Oglesby State Bank checks expire?

Does Oglesby State Bank require US citizenship to open account?

Can Oglesby State Bank close my account?

Does Oglesby State Bank Report to credit bureaus?

Does Oglesby State Bank Use Equifax?

What is Oglesby State Bank's ACH Routing Number?

What is Oglesby State Bank's SWIFT code?

Products

Does Oglesby State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Oglesby State Bank offer personal loans?

Compare personal loan rates here.

Does Oglesby State Bank offer student loans?

Will Oglesby State Bank cash a check?

Will Oglesby State Bank redeem a savings bond?

Does Oglesby State Bank cash savings bonds?

Will Oglesby State Bank cash money orders?

Can Oglesby State Bank issue a money order?

Does Oglesby State Bank do currency exchange?

Background on The Bank

Who owns Oglesby State Bank?

How long has Oglesby State Bank been around?

Can Oglesby State Bank transfer to other banks?

Does Oglesby State Bank have quick pay?

Does Oglesby State Bank accept rolled coins?

Will Oglesby State Bank accept loose change?

Where is Oglesby State Bank headquarters?

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