Passumpsic Savings Bank

Headquarters

497 Railroad St
Saint Johnsbury, VT 05819
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.40% 0.75% →
2-Year CD 0.60% 0.80% →
5-Year CD 0.85% 1.25% →
30-Year Mortgage 3.57% 2.72% →
15-Year Mortgage 2.88% 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Passumpsic Savings Bank is an FDIC insured institution located in Saint Johnsbury, VT. It was founded in 1853 and has approximately $0.85 billion in assets. Customers can open an account at one of its 12 branches.

FDIC Insured Yes
FDIC Certificate # 14134
Date Established 1853
Assets $ 854.15 million
Loans $ 572.72 million
Deposits $ 717.37 million
Capital $ 105.20 million
 

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

Deposit Rates - October 24, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.05% $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
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
0.85% $10,000 $14,999 Learn More
60 Mo CD
0.85% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - October 24, 2021

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Passumpsic 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


Passumpsic Savings Bank Locations



Climate Initiatives

Passumpsic Savings Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Passumpsic Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Passumpsic 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
Passumpsic Savings Bank U.S. Bank Average
5.64% 4.78%

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 June 30, 2021, Passumpsic Savings Bank had $6,383,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $105,201,000 in equity and $7,923,000 in loans loss reserves. That gives it a Texas Ratio of 5.64%.

Return on Equity
Passumpsic Savings Bank U.S. Bank Average
10.87% 11.29%

Passumpsic Savings Bank has a Return on Equity of 10.87% versus the BestCashCow average of 11.29%. 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
Passumpsic Savings Bank U.S. Bank Average
12.32% 11.72%

Passumpsic Savings Bank has a Capitalization of 12.32% versus the BestCashCow average of 11.72. 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.

Passumpsic Savings Bank Balance Sheet Analysis

As of June 30, 2021, Passumpsic Savings Bank had assets of $854,152,000, loans of $572,719,000, and deposits of $717,365,000. 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

June 30, 2021
ASSETS
Cash & Balances due from depository institutions $ 124.63 million
Interest-bearing balances $ 115.73 million
Total securities $ 104.57 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 572.72 million
Loan loss allowance $ 7.92 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 15.01 million
All other assets $ 25.51 million
     Total Assets $ 748.95 million
LIABILITIES
Total deposits $ 717.37 million
      Interest-bearing deposits $ 556.69 million
      Deposits held in domestic offices $ 717.37 million
      % insured (estimated) 70.69%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 17.48 million
Subordinated debt N.A.
All other liabilities $ 14.10 million
      Total Liabilities $ 748.95 million
      Shareholders’ Equity $ 105.20 million

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 11.89 million
Total Interest Expense $ 1.17 million
Net interest income $ 10.72 million
Provision for loan and lease losses $ 0.60 million
Total non interest income $ 4.76 million
Total non interest expense $ 11.39 million
Pre-tax Net Operating Income $ 3.49 million

Bank Loan Profile?

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

Compared to other banks in Vermont, Passumpsic Savings 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 63.94
Multifamily
Mortgages
0.39
Credit Card Loans 0.00
Consumer Auto Loans 6.25
Small Business Loans 12.09
Construction and Development Loans 0.88
Commercial Real Estate 17.54
Commercial and Industrial Loans 7.46
Farm Loans 0.06

Frequently Asked Questions About Passumpsic Savings Bank

Branches and Savings

Is Passumpsic Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #14134.

Why does Passumpsic 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 Passumpsic Savings Bank CD rates not competitive?

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

Is Passumpsic Savings Bank a commercial bank?

Yes

Where are Passumpsic Savings Bank locations?

See branch locations nearby.

Is Passumpsic Savings Bank open on Saturdays?

Is Passumpsic Savings Bank open on Sundays?

What time does Passumpsic Savings Bank open?

What time does Passumpsic Savings Bank close?

Are Passumpsic Savings Bank ATMs Open 24/7?

Do Passumpsic Savings Bank ATMs accept cash deposits?

Can Passumpsic Savings Bank customers use other ATMs?

Do Passumpsic Savings Bank branches have notaries?

SWied | Apr 13, 2019

Yes they do.

Will Passumpsic Savings Bank notarize my document?

SWied | Apr 13, 2019

Yes, as long as you have an account with them.

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

Will the Passumpsic Savings Bank branch print checks?

Do Passumpsic Savings Bank checks expire?

Does Passumpsic Savings Bank require US citizenship to open account?

Can Passumpsic Savings Bank close my account?

Does Passumpsic Savings Bank Report to credit bureaus?

Does Passumpsic Savings Bank Use Equifax?

What is Passumpsic Savings Bank's ACH Routing Number?

What is Passumpsic Savings Bank's SWIFT code?

Products

Does Passumpsic Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Passumpsic Savings Bank offer personal loans?

Compare personal loan rates here.

Does Passumpsic Savings Bank offer student loans?

Will Passumpsic Savings Bank cash a check?

Will Passumpsic Savings Bank redeem a savings bond?

Does Passumpsic Savings Bank cash savings bonds?

Will Passumpsic Savings Bank cash money orders?

Can Passumpsic Savings Bank issue a money order?

Does Passumpsic Savings Bank do currency exchange?

Background on The Bank

Who owns Passumpsic Savings Bank?

How long has Passumpsic Savings Bank been around?

Can Passumpsic Savings Bank transfer to other banks?

Does Passumpsic Savings Bank have quick pay?

Does Passumpsic Savings Bank accept rolled coins?

Will Passumpsic Savings Bank accept loose change?

Where is Passumpsic Savings Bank headquarters?

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