Pickens Savings and Loan Association, FA

205 E Cedar Rock St
Pickens, SC 29671

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 31089
Date Established 1920
Assets $0.09 billion
Loans $0.05 billion
Deposits $0.07 billion
Capital $0.01 billion

Pickens Savings and Loan Association, FA is an FDIC insured institution located in Pickens, SC. It was founded in 1920 and has approximately $0.09 billion in assets.

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

Bank Loan Profile?

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

Compared to other banks in South Carolina, Pickens Savings and Loan Association, FA has a significantly higher percent of 1-4 Family Residential 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 72.26
Multifamily
Mortgages
4.09
Credit Card Loans 0.00
Consumer Auto Loans 0.62
Small Business Loans 16.67
Construction and Development Loans 4.74
Commercial Real Estate 16.67
Commercial and Industrial Loans 2.14
Farm Loans 0.00

Deposit Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.08% $1,000 - Learn MoreShow Less
Premium Money Market Account
0.10% $10,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.20% $25,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $2,500 - Learn MoreShow Less
6 Mo CD
0.10% $2,500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.15% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $1,000 - Learn MoreShow Less

Loan Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Pickens Savings and Loan Association, FA

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
4.836% 4.750% 0.00 $2,500 $1,305 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.490% $283.58 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More

Note to Pickens Savings and Loan Association, FA
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Pickens Savings and Loan Association, FA 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


Pickens Savings and Loan Association, FA Locations

Financial Details

Pickens Savings and Loan Association, FA Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Pickens Savings and Loan Association, FA. 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
Pickens Savings and Loan Association, FA U.S. Bank Average
9.06% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2018, Pickens Savings and Loan Association, FA had $865,000 in non-current loans and $149,000 in owned real estate. To cover these potential losses it had $10,311,000 in equity and $884,000 in loans loss reserves. That gives it a Texas Ratio of 9.06%.

Return on Equity
Pickens Savings and Loan Association, FA U.S. Bank Average
5.49% 9.77%

Pickens Savings and Loan Association, FA has a Return on Equity of 5.49% versus the BestCashCow average of 9.77%. 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
Pickens Savings and Loan Association, FA U.S. Bank Average
11.23% 12.31%

Pickens Savings and Loan Association, FA has a Capitalization of 11.23% versus the BestCashCow average of 12.31. 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.

Pickens Savings and Loan Association, FA Balance Sheet Analysis

As of June 30, 2018, Pickens Savings and Loan Association, FA had assets of $91,838,000, loans of $51,748,000, and deposits of $73,763,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.05 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.08 billion
LIABILITIES
Total deposits $0.07 billion
      Interest-bearing deposits $0.07 billion
      Deposits held in domestic offices $0.07 billion
      % insured (estimated) 99.16%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.08 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $-0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Pickens Savings And Loan Association, Fa

Branches and Savings

Is Pickens Savings And Loan Association, Fa FDIC insured?

Yes. It is covered under FDIC Certificate #31089.

Why does Pickens Savings And Loan Association, Fa pay such low interest on savings accounts?

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

Why are Pickens Savings And Loan Association, Fa CD rates not competitive?

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

Is Pickens Savings And Loan Association, Fa a commercial bank?

Yes

Where are Pickens Savings And Loan Association, Fa locations?

See branch locations nearby.

Is Pickens Savings And Loan Association, Fa open on Saturdays?

Is Pickens Savings And Loan Association, Fa open on Sundays?

What time does Pickens Savings And Loan Association, Fa open?

What time does Pickens Savings And Loan Association, Fa close?

Are Pickens Savings And Loan Association, Fa ATMs Open 24/7?

Do Pickens Savings And Loan Association, Fa ATMs accept cash deposits?

Can Pickens Savings And Loan Association, Fa customers use other ATMs?

Do Pickens Savings And Loan Association, Fa branches have notaries?

Will Pickens Savings And Loan Association, Fa notarize my document?

What address for Pickens Savings And Loan Association, Fa should I put for incoming ACH transfers?

Will the Pickens Savings And Loan Association, Fa branch print checks?

Do Pickens Savings And Loan Association, Fa checks expire?

Does Pickens Savings And Loan Association, Fa require US citizenship to open account?

Can Pickens Savings And Loan Association, Fa close my account?

Does Pickens Savings And Loan Association, Fa Report to credit bureaus?

Does Pickens Savings And Loan Association, Fa Use Equifax?

What is Pickens Savings And Loan Association, Fa's ACH Routing Number?

What is Pickens Savings And Loan Association, Fa's SWIFT code?

Products

Does Pickens Savings And Loan Association, Fa offer mortgages?

Compare mortgage rates here.

Does Pickens Savings And Loan Association, Fa offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Pickens Savings And Loan Association, Fa offer personal loans?

Compare personal loan rates here.

Does Pickens Savings And Loan Association, Fa offer student loans?

Will Pickens Savings And Loan Association, Fa cash a check?

Will Pickens Savings And Loan Association, Fa redeem a savings bond?

Does Pickens Savings And Loan Association, Fa cash savings bonds?

Will Pickens Savings And Loan Association, Fa cash money orders?

Can Pickens Savings And Loan Association, Fa issue a money order?

Does Pickens Savings And Loan Association, Fa do currency exchange?

Background on The Bank

Who owns Pickens Savings And Loan Association, Fa?

How long has Pickens Savings And Loan Association, Fa been around?

Can Pickens Savings And Loan Association, Fa transfer to other banks?

Does Pickens Savings And Loan Association, Fa have quick pay?

Does Pickens Savings And Loan Association, Fa accept rolled coins?

Will Pickens Savings And Loan Association, Fa accept loose change?

Where is Pickens Savings And Loan Association, Fa headquarters?

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