PennCrest Bank

Headquarters

1201 12th Street
Altoona, PA 16601
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.70% 0.95% →
2-Year CD 0.80% 1.05% →
5-Year CD 1.00% 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

PennCrest Bank is an FDIC insured institution located in Altoona, PA. It was founded in 1939 and has approximately $0.19 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 30119
Date Established 1939
Assets $ 188.03 million
Loans $ 121.55 million
Deposits $ 143.44 million
Capital $ 29.70 million
 

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

Deposit Rates - September 23, 2020

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
0.25% $2,500 $2,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.70% $10,000 $14,999 Learn More
12 Mo CD
0.70% $100,000 $199,999 Learn More
18 Mo CD
0.75% $10,000 $14,999 Learn More
18 Mo CD
0.75% $100,000 $199,999 Learn More
Special: 24 Mo CD
0.75% $1,000 - Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
30 Mo CD
0.90% $10,000 $14,999 Learn More
30 Mo CD
0.90% $100,000 $199,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $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 - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for PennCrest 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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
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 $2,128 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

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

Branches

PennCrest 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


PennCrest Bank Locations


Financial Details

PennCrest Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of PennCrest 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
PennCrest Bank U.S. Bank Average
2.45% 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, PennCrest Bank had $503,000 in non-current loans and $238,000 in owned real estate. To cover these potential losses it had $29,695,000 in equity and $489,000 in loans loss reserves. That gives it a Texas Ratio of 2.45%.

Return on Equity
PennCrest Bank U.S. Bank Average
1.89% 7.80%

PennCrest Bank has a Return on Equity of 1.89% 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
PennCrest Bank U.S. Bank Average
15.79% 12.68%

PennCrest Bank has a Capitalization of 15.79% 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.

PennCrest Bank Balance Sheet Analysis

As of March 31, 2020, PennCrest Bank had assets of $188,025,000, loans of $121,549,000, and deposits of $143,440,000. 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 $ 15.62 million
Interest-bearing balances $ 11.80 million
Total securities $ 41.06 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 121.55 million
Loan loss allowance $ 0.49 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.24 million
Goodwill and other intangibles $ 0.16 million
All other assets $ 7.77 million
     Total Assets $ 158.33 million
LIABILITIES
Total deposits $ 143.44 million
      Interest-bearing deposits $ 109.54 million
      Deposits held in domestic offices $ 143.44 million
      % insured (estimated) 95.64%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 14.42 million
Subordinated debt N.A.
All other liabilities $ 0.47 million
      Total Liabilities $ 158.33 million
      Shareholders’ Equity $ 29.70 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.65 million
Total Interest Expense $ 0.32 million
Net interest income $ 1.34 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.23 million
Total non interest expense $ 1.34 million
Pre-tax Net Operating Income $ 0.17 million

Bank Loan Profile?

The top three loan types in PennCrest Bank’s loan portfolio are 1-4 Family Residential Loans, Consumer Auto Loans, and Construction and Development Loans.

Compared to other banks in Pennsylvania, PennCrest Bank has a significantly higher percent of 1-4 Family Residential Loans, 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 85.61
Multifamily
Mortgages
0.20
Credit Card Loans 0.00
Consumer Auto Loans 6.49
Small Business Loans 0.00
Construction and Development Loans 2.01
Commercial Real Estate 0.96
Commercial and Industrial Loans 0.20
Farm Loans 0.00

Frequently Asked Questions About Penncrest Bank

Branches and Savings

Is Penncrest Bank FDIC insured?

Yes. It is covered under FDIC Certificate #30119.

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

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

Why are Penncrest Bank CD rates not competitive?

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

Is Penncrest Bank a commercial bank?

Yes

Where are Penncrest Bank locations?

See branch locations nearby.

Is Penncrest Bank open on Saturdays?

Is Penncrest Bank open on Sundays?

What time does Penncrest Bank open?

What time does Penncrest Bank close?

Are Penncrest Bank ATMs Open 24/7?

Do Penncrest Bank ATMs accept cash deposits?

Can Penncrest Bank customers use other ATMs?

Do Penncrest Bank branches have notaries?

Will Penncrest Bank notarize my document?

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

Will the Penncrest Bank branch print checks?

Do Penncrest Bank checks expire?

Does Penncrest Bank require US citizenship to open account?

Can Penncrest Bank close my account?

Does Penncrest Bank Report to credit bureaus?

Does Penncrest Bank Use Equifax?

What is Penncrest Bank's ACH Routing Number?

What is Penncrest Bank's SWIFT code?

Products

Does Penncrest Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Penncrest Bank offer personal loans?

Compare personal loan rates here.

Does Penncrest Bank offer student loans?

Will Penncrest Bank cash a check?

Will Penncrest Bank redeem a savings bond?

Does Penncrest Bank cash savings bonds?

Will Penncrest Bank cash money orders?

Can Penncrest Bank issue a money order?

Does Penncrest Bank do currency exchange?

Background on The Bank

Who owns Penncrest Bank?

How long has Penncrest Bank been around?

Can Penncrest Bank transfer to other banks?

Does Penncrest Bank have quick pay?

Does Penncrest Bank accept rolled coins?

Will Penncrest Bank accept loose change?

Where is Penncrest Bank headquarters?

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