Providence Bank & Trust

630 East 162nd Street
South Holland, IL 60473

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57754
Date Established 2004
Assets $1.07 billion
Loans $0.83 billion
Deposits $0.93 billion
Capital $0.12 billion

Providence Bank & Trust is an FDIC insured institution located in South Holland, IL. It was founded in 2004 and has approximately $1.07 billion in assets. Customers can open an account at one of its 13 branches.

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

Deposit Rates - September 16, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.01% $2,500 $9,999 Learn MoreShow Less
Money Market
0.11% $10,000 $24,999 Learn MoreShow Less
Money Market
0.20% $25,000 $49,999 Learn MoreShow Less
Premium Money Market Account
0.11% $10,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.20% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.25% $2,500 $99,999 Learn MoreShow Less
3 Mo CD
0.25% $100,000 - Learn MoreShow Less
6 Mo CD
0.35% $2,500 $99,999 Learn MoreShow Less
6 Mo CD
0.35% $100,000 - Learn MoreShow Less
12 Mo CD
0.50% $1,000 $99,999 Learn MoreShow Less
12 Mo CD
0.50% $100,000 - Learn MoreShow Less
Special: 13 Mo CD
1.80% $2,500 - Learn MoreShow Less
18 Mo CD
0.60% $1,000 $99,999 Learn MoreShow Less
18 Mo CD
0.60% $100,000 - Learn MoreShow Less
24 Mo CD
0.81% $1,000 $99,999 Learn MoreShow Less
24 Mo CD
0.81% $100,000 - Learn MoreShow Less
36 Mo CD
1.11% $1,000 $99,999 Learn MoreShow Less
36 Mo CD
1.11% $100,000 - Learn MoreShow Less
48 Mo CD
1.25% $1,000 $99,999 Learn MoreShow Less
48 Mo CD
1.25% $100,000 - Learn MoreShow Less
60 Mo CD
1.35% $1,000 $99,999 Learn MoreShow Less
60 Mo CD
1.35% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $1,000 $99,999 Learn MoreShow Less
Special: 13 Mo FIRA
1.80% $2,500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $4,999 Learn MoreShow Less

Loan Rates - September 16, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Providence Bank & Trust

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.751% 3.750% 0.00 $25 $1,158 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to Providence Bank & Trust
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Branches

Providence Bank & Trust 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


Providence Bank & Trust Locations


Financial Details

Providence Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Providence Bank & Trust. 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
Providence Bank & Trust U.S. Bank Average
18.43% 6.94%

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 March 31, 2019, Providence Bank & Trust had $22,903,000 in non-current loans and $321,000 in owned real estate. To cover these potential losses it had $115,926,000 in equity and $10,062,000 in loans loss reserves. That gives it a Texas Ratio of 18.43%.

Return on Equity
Providence Bank & Trust U.S. Bank Average
69.37% 9.47%

Providence Bank & Trust has a Return on Equity of 69.37% versus the BestCashCow average of 9.47%. 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
Providence Bank & Trust U.S. Bank Average
10.85% 12.49%

Providence Bank & Trust has a Capitalization of 10.85% versus the BestCashCow average of 12.49. 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.

Providence Bank & Trust Balance Sheet Analysis

As of March 31, 2019, Providence Bank & Trust had assets of $1,068,348,000, loans of $825,434,000, and deposits of $932,085,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.08 billion
Interest-bearing balances $0.06 billion
Total securities $0.07 billion
Federal funds sold and reverse repurchase $0.04 billion
Net loans and leases $0.83 billion
Loan loss allowance $0.01 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 $0.01 billion
All other assets $0.02 billion
     Total Assets $0.95 billion
LIABILITIES
Total deposits $0.93 billion
      Interest-bearing deposits $0.69 billion
      Deposits held in domestic offices $0.93 billion
      % insured (estimated) 78.74%
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 $0.01 billion
      Total Liabilities $0.95 billion
      Shareholders’ Equity $0.12 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.02 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.02 billion

Bank Loan Profile?

The top three loan types in Providence Bank & Trust’s loan portfolio are Commercial Real Estate, Multifamily Mortgages, and Commercial and Industrial Loans.

Compared to other banks in Illinois, Providence Bank & Trust has a significantly higher percent of Multifamily Mortgages, Small Business Loans, Commercial Real Estate 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 12.69
Multifamily
Mortgages
22.47
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 11.65
Construction and Development Loans 6.28
Commercial Real Estate 40.03
Commercial and Industrial Loans 18.17
Farm Loans 0.00

Frequently Asked Questions About Providence Bank & Trust

Branches and Savings

Is Providence Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #57754.

Why does Providence Bank & Trust pay such low interest on savings accounts?

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

Why are Providence Bank & Trust CD rates not competitive?

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

Is Providence Bank & Trust a commercial bank?

Yes

Where are Providence Bank & Trust locations?

See branch locations nearby.

Is Providence Bank & Trust open on Saturdays?

Is Providence Bank & Trust open on Sundays?

What time does Providence Bank & Trust open?

What time does Providence Bank & Trust close?

Are Providence Bank & Trust ATMs Open 24/7?

Do Providence Bank & Trust ATMs accept cash deposits?

Can Providence Bank & Trust customers use other ATMs?

Do Providence Bank & Trust branches have notaries?

Will Providence Bank & Trust notarize my document?

What address for Providence Bank & Trust should I put for incoming ACH transfers?

Will the Providence Bank & Trust branch print checks?

Do Providence Bank & Trust checks expire?

Does Providence Bank & Trust require US citizenship to open account?

Can Providence Bank & Trust close my account?

Does Providence Bank & Trust Report to credit bureaus?

Does Providence Bank & Trust Use Equifax?

What is Providence Bank & Trust's ACH Routing Number?

What is Providence Bank & Trust's SWIFT code?

Products

Does Providence Bank & Trust offer mortgages?

Compare mortgage rates here.

Does Providence Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Providence Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Providence Bank & Trust offer student loans?

Will Providence Bank & Trust cash a check?

Will Providence Bank & Trust redeem a savings bond?

Does Providence Bank & Trust cash savings bonds?

Will Providence Bank & Trust cash money orders?

Can Providence Bank & Trust issue a money order?

Does Providence Bank & Trust do currency exchange?

Background on The Bank

Who owns Providence Bank & Trust?

How long has Providence Bank & Trust been around?

Can Providence Bank & Trust transfer to other banks?

Does Providence Bank & Trust have quick pay?

Does Providence Bank & Trust accept rolled coins?

Will Providence Bank & Trust accept loose change?

Where is Providence Bank & Trust headquarters?

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