Provident Savings Bank, F.S.B.

Headquarters

6570 Magnolia Ave
Riverside, CA 92506
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.65% →
1-Year CD 0.20% 0.70% →
2-Year CD 0.25% 0.75% →
5-Year CD 0.45% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Provident Savings Bank, F.S.B. is an FDIC insured institution located in Riverside, CA. It was founded in 1956 and has approximately $1.17 billion in assets. Customers can open an account at one of its 15 branches.

FDIC Insured Yes
FDIC Certificate # 30879
Date Established 1956
Assets $ 1,170.72 million
Loans $ 855.09 million
Deposits $ 926.11 million
Capital $ 115.65 million
 

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

Deposit Rates - June 13, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.03% $10,000 $14,999 Learn More
Money Market
0.08% $25,000 $29,999 Learn More
Premium Money Market Account
0.05% $10,000 $14,999 Learn More
Premium Money Market Account
0.05% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.07% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.15% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
24 Mo CD
0.20% $10,000 $14,999 Learn More
24 Mo CD
0.25% $100,000 $199,999 Learn More
36 Mo CD
0.30% $10,000 $14,999 Learn More
36 Mo CD
0.35% $100,000 $199,999 Learn More
48 Mo CD
0.35% $10,000 $14,999 Learn More
48 Mo CD
0.40% $100,000 $199,999 Learn More
60 Mo CD
0.35% $10,000 $14,999 Learn More
60 Mo CD
0.45% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.03% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - June 13, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Provident Savings Bank, F.S.B.

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 2021

Lender APR Rate (%) Monthly
Payment
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.652% 2.625%
0.38 points
$898 fees
$1,005 Learn More
CIT Bank
NMLS ID: 541760
2.945% 2.875%
0.88 points
$2,268 fees
$1,038 Learn More
Morty, Inc.
NMLS ID: 1429243
2.472% 2.375%
0.88 points
$3,215 fees
$972 Learn More
Rocket Mortgage
NMLS ID: 3030
3.339% 3.250%
0.63 points
$2,812 fees
$1,089 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
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BMO Harris Bank
BMO Harris Bank
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Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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Note to Provident Savings Bank, F.S.B.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Provident Savings Bank, F.S.B. 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


Provident Savings Bank, F.S.B. Locations


Financial Details

Provident Savings Bank, F.S.B. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Provident Savings Bank, F.S.B.. 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
Provident Savings Bank, F.S.B. U.S. Bank Average
9.08% 5.49%

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 December 31, 2020, Provident Savings Bank, F.S.B. had $11,276,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $115,651,000 in equity and $8,538,000 in loans loss reserves. That gives it a Texas Ratio of 9.08%.

Return on Equity
Provident Savings Bank, F.S.B. U.S. Bank Average
5.4% 9.24%

Provident Savings Bank, F.S.B. has a Return on Equity of 5.4% versus the BestCashCow average of 9.24%. 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
Provident Savings Bank, F.S.B. U.S. Bank Average
9.88% 11.96%

Provident Savings Bank, F.S.B. has a Capitalization of 9.88% versus the BestCashCow average of 11.96. 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.

Provident Savings Bank, F.S.B. Balance Sheet Analysis

As of December 31, 2020, Provident Savings Bank, F.S.B. had assets of $1,170,722,000, loans of $855,086,000, and deposits of $926,114,000. 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

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 75.00 million
Interest-bearing balances $ 69.87 million
Total securities $ 206.26 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 855.09 million
Loan loss allowance $ 8.54 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.23 million
All other assets $ 24.29 million
     Total Assets $ 1,055.07 million
LIABILITIES
Total deposits $ 926.11 million
      Interest-bearing deposits $ 809.42 million
      Deposits held in domestic offices $ 926.11 million
      % insured (estimated) 73.66%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 116.02 million
Subordinated debt N.A.
All other liabilities $ 12.94 million
      Total Liabilities $ 1,055.07 million
      Shareholders’ Equity $ 115.65 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 39.55 million
Total Interest Expense $ 5.62 million
Net interest income $ 33.93 million
Provision for loan and lease losses $ 1.58 million
Total non interest income $ 3.87 million
Total non interest expense $ 27.43 million
Pre-tax Net Operating Income $ 8.79 million

Bank Loan Profile?

The top three loan types in Provident Savings Bank, F.S.B.’s loan portfolio are Multifamily Mortgages, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in California, Provident Savings Bank, F.S.B. has a significantly higher percent of Multifamily Mortgages 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 30.44
Multifamily
Mortgages
57.55
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 6.15
Construction and Development Loans 0.85
Commercial Real Estate 12.04
Commercial and Industrial Loans 0.10
Farm Loans 0.00

Frequently Asked Questions About Provident Savings Bank, F.s.b.

Branches and Savings

Is Provident Savings Bank, F.s.b. FDIC insured?

Yes. It is covered under FDIC Certificate #30879.

Why does Provident Savings Bank, F.s.b. pay such low interest on savings accounts?

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

Why are Provident Savings Bank, F.s.b. CD rates not competitive?

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

Is Provident Savings Bank, F.s.b. a commercial bank?

Yes

Where are Provident Savings Bank, F.s.b. locations?

See branch locations nearby.

Is Provident Savings Bank, F.s.b. open on Saturdays?

Is Provident Savings Bank, F.s.b. open on Sundays?

What time does Provident Savings Bank, F.s.b. open?

What time does Provident Savings Bank, F.s.b. close?

Are Provident Savings Bank, F.s.b. ATMs Open 24/7?

Do Provident Savings Bank, F.s.b. ATMs accept cash deposits?

Can Provident Savings Bank, F.s.b. customers use other ATMs?

Do Provident Savings Bank, F.s.b. branches have notaries?

Will Provident Savings Bank, F.s.b. notarize my document?

What address for Provident Savings Bank, F.s.b. should I put for incoming ACH transfers?

Will the Provident Savings Bank, F.s.b. branch print checks?

Do Provident Savings Bank, F.s.b. checks expire?

Does Provident Savings Bank, F.s.b. require US citizenship to open account?

Can Provident Savings Bank, F.s.b. close my account?

Does Provident Savings Bank, F.s.b. Report to credit bureaus?

Does Provident Savings Bank, F.s.b. Use Equifax?

What is Provident Savings Bank, F.s.b.'s ACH Routing Number?

What is Provident Savings Bank, F.s.b.'s SWIFT code?

Products

Does Provident Savings Bank, F.s.b. offer mortgages?

Compare mortgage rates here.

Does Provident Savings Bank, F.s.b. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Provident Savings Bank, F.s.b. offer personal loans?

Compare personal loan rates here.

Does Provident Savings Bank, F.s.b. offer student loans?

Will Provident Savings Bank, F.s.b. cash a check?

Will Provident Savings Bank, F.s.b. redeem a savings bond?

Does Provident Savings Bank, F.s.b. cash savings bonds?

Will Provident Savings Bank, F.s.b. cash money orders?

Can Provident Savings Bank, F.s.b. issue a money order?

Does Provident Savings Bank, F.s.b. do currency exchange?

Background on The Bank

Who owns Provident Savings Bank, F.s.b.?

How long has Provident Savings Bank, F.s.b. been around?

Can Provident Savings Bank, F.s.b. transfer to other banks?

Does Provident Savings Bank, F.s.b. have quick pay?

Does Provident Savings Bank, F.s.b. accept rolled coins?

Will Provident Savings Bank, F.s.b. accept loose change?

Where is Provident Savings Bank, F.s.b. headquarters?

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