Patriot Bank

Headquarters

8376 Highway 51 North
Millington, TN 38053
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 1.05% →
1-Year CD 0.50% 1.05% →
2-Year CD 0.60% 1.11% →
5-Year CD 0.75% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Patriot Bank is an FDIC insured institution located in Millington, TN. It was founded in 2002 and has approximately $0.39 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 57416
Date Established 2002
Assets $ 390.22 million
Loans $ 185.74 million
Deposits $ 323.51 million
Capital $ 36.66 million
 

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

Deposit Rates - August 10, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Savings
0.10% $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
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.18% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
6 Mo CD
0.18% $100,000 $199,999 Learn More
12 Mo CD
0.15% $10,000 $14,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.15% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
30 Mo CD
0.40% $10,000 $14,999 Learn More
30 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.60% $10,000 $14,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More
48 Mo CD
0.70% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.65% $10,000 $14,999 Learn More
60 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
0.65% $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 - August 10, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Patriot Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to Patriot Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Patriot 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:
Ashburn,Virginia


Patriot Bank Locations


Financial Details

Patriot Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Patriot 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
Patriot Bank U.S. Bank Average
6.2% 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, Patriot Bank had $2,419,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $36,661,000 in equity and $2,385,000 in loans loss reserves. That gives it a Texas Ratio of 6.2%.

Return on Equity
Patriot Bank U.S. Bank Average
10.64% 7.80%

Patriot Bank has a Return on Equity of 10.64% 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
Patriot Bank U.S. Bank Average
9.39% 12.68%

Patriot Bank has a Capitalization of 9.39% 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.

Patriot Bank Balance Sheet Analysis

As of March 31, 2020, Patriot Bank had assets of $390,219,000, loans of $185,737,000, and deposits of $323,512,000. 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 $ 12.93 million
Interest-bearing balances $ 0.82 million
Total securities $ 171.87 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 185.74 million
Loan loss allowance $ 2.39 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.38 million
All other assets $ 10.35 million
     Total Assets $ 353.56 million
LIABILITIES
Total deposits $ 323.51 million
      Interest-bearing deposits $ 275.67 million
      Deposits held in domestic offices $ 323.51 million
      % insured (estimated) 55.45%
Federal funds purchased and repurchase agreements $ 20.19 million
Trading liabilities N.A.
Other borrowed funds $ 6.00 million
Subordinated debt N.A.
All other liabilities $ 3.86 million
      Total Liabilities $ 353.56 million
      Shareholders’ Equity $ 36.66 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.32 million
Total Interest Expense $ 0.87 million
Net interest income $ 2.46 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 1.70 million
Total non interest expense $ 3.08 million
Pre-tax Net Operating Income $ 1.03 million

Bank Loan Profile?

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

Compared to other banks in Tennessee, Patriot Bank has a significantly higher percent of Farm 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 34.51
Multifamily
Mortgages
0.29
Credit Card Loans 0.00
Consumer Auto Loans 0.89
Small Business Loans 0.00
Construction and Development Loans 13.11
Commercial Real Estate 34.86
Commercial and Industrial Loans 6.59
Farm Loans 4.40

Frequently Asked Questions About Patriot Bank

Branches and Savings

Is Patriot Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57416.

Why does Patriot Bank pay such low interest on savings accounts?

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

Why are Patriot Bank CD rates not competitive?

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

Is Patriot Bank a commercial bank?

Yes

Where are Patriot Bank locations?

See branch locations nearby.

Is Patriot Bank open on Saturdays?

Is Patriot Bank open on Sundays?

What time does Patriot Bank open?

What time does Patriot Bank close?

Are Patriot Bank ATMs Open 24/7?

Do Patriot Bank ATMs accept cash deposits?

Can Patriot Bank customers use other ATMs?

Do Patriot Bank branches have notaries?

Will Patriot Bank notarize my document?

What address for Patriot Bank should I put for incoming ACH transfers?

Will the Patriot Bank branch print checks?

Do Patriot Bank checks expire?

Does Patriot Bank require US citizenship to open account?

Can Patriot Bank close my account?

Does Patriot Bank Report to credit bureaus?

Does Patriot Bank Use Equifax?

What is Patriot Bank's ACH Routing Number?

What is Patriot Bank's SWIFT code?

Products

Does Patriot Bank offer mortgages?

Compare mortgage rates here.

Does Patriot Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Patriot Bank offer personal loans?

Compare personal loan rates here.

Does Patriot Bank offer student loans?

Will Patriot Bank cash a check?

Will Patriot Bank redeem a savings bond?

Does Patriot Bank cash savings bonds?

Will Patriot Bank cash money orders?

Can Patriot Bank issue a money order?

Does Patriot Bank do currency exchange?

Background on The Bank

Who owns Patriot Bank?

How long has Patriot Bank been around?

Can Patriot Bank transfer to other banks?

Does Patriot Bank have quick pay?

Does Patriot Bank accept rolled coins?

Will Patriot Bank accept loose change?

Where is Patriot Bank headquarters?

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