Putnam County Bank


2761 Main Street
Hurricane, WV 25526
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.65% →
1-Year CD 0.40% 0.70% →
2-Year CD 0.50% 0.75% →
5-Year CD N.A. 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

Putnam County Bank is an FDIC insured institution located in Hurricane, WV. It was founded in 1901 and has approximately $0.65 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 15243
Date Established 1901
Assets $ 653.54 million
Loans $ 308.96 million
Deposits $ 555.77 million
Capital $ 92.79 million

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

Deposit Rates - July 27, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.10% $2,500 - Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.45% $10,000 $14,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.60% $10,000 $14,999 Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.15% $2,500 - Learn MoreShow Less

Loan Rates - July 27, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Putnam County 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 2021

Lender APR Rate (%) Monthly
Learn More
Morty, Inc.
NMLS ID: 1429243
2.578% 2.490%
0.75 points
$2,898 fees
$987 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
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
4.840 %
$0 Learn More
More Info

Note to Putnam County Bank
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Putnam County Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Putnam County Bank Locations

Financial Details

Putnam County Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Putnam County 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
Putnam County Bank U.S. Bank Average
3.2% 5.29%

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, 2021, Putnam County Bank had $2,934,000 in non-current loans and $228,000 in owned real estate. To cover these potential losses it had $92,791,000 in equity and $6,158,000 in loans loss reserves. That gives it a Texas Ratio of 3.2%.

Return on Equity
Putnam County Bank U.S. Bank Average
4.87% 11.43%

Putnam County Bank has a Return on Equity of 4.87% versus the BestCashCow average of 11.43%. 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.

Putnam County Bank U.S. Bank Average
14.2% 11.51%

Putnam County Bank has a Capitalization of 14.2% versus the BestCashCow average of 11.51. 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.

Putnam County Bank Balance Sheet Analysis

As of March 31, 2021, Putnam County Bank had assets of $653,536,000, loans of $308,962,000, and deposits of $555,767,000. 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, 2021
Cash & Balances due from depository institutions $ 30.18 million
Interest-bearing balances $ 17.15 million
Total securities $ 181.79 million
Federal funds sold and reverse repurchase $ 124.00 million
Net loans and leases $ 308.96 million
Loan loss allowance $ 6.16 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.23 million
Goodwill and other intangibles N.A.
All other assets $ 4.24 million
     Total Assets $ 560.75 million
Total deposits $ 555.77 million
      Interest-bearing deposits $ 453.97 million
      Deposits held in domestic offices $ 555.77 million
      % insured (estimated) 77.96%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 4.98 million
      Total Liabilities $ 560.75 million
      Shareholders’ Equity $ 92.79 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 4.29 million
Total Interest Expense $ 0.90 million
Net interest income $ 3.39 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.12 million
Total non interest expense $ 2.19 million
Pre-tax Net Operating Income $ 1.32 million

Bank Loan Profile?

The top three loan types in Putnam County Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Putnam County Bank’s loan portfolio does not show any specific loan specialty.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 59.35
Credit Card Loans 0.00
Consumer Auto Loans 0.36
Small Business Loans 0.00
Construction and Development Loans 4.58
Commercial Real Estate 28.07
Commercial and Industrial Loans 6.94
Farm Loans 0.00

Frequently Asked Questions About Putnam County Bank

Branches and Savings

Is Putnam County Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15243.

Why does Putnam County Bank pay such low interest on savings accounts?

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

Why are Putnam County Bank CD rates not competitive?

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

Is Putnam County Bank a commercial bank?


Where are Putnam County Bank locations?

See branch locations nearby.

Is Putnam County Bank open on Saturdays?

Is Putnam County Bank open on Sundays?

What time does Putnam County Bank open?

What time does Putnam County Bank close?

Are Putnam County Bank ATMs Open 24/7?

Do Putnam County Bank ATMs accept cash deposits?

Can Putnam County Bank customers use other ATMs?

Do Putnam County Bank branches have notaries?

Will Putnam County Bank notarize my document?

What address for Putnam County Bank should I put for incoming ACH transfers?

Will the Putnam County Bank branch print checks?

Do Putnam County Bank checks expire?

Does Putnam County Bank require US citizenship to open account?

Can Putnam County Bank close my account?

Does Putnam County Bank Report to credit bureaus?

Does Putnam County Bank Use Equifax?

What is Putnam County Bank's ACH Routing Number?

What is Putnam County Bank's SWIFT code?


Does Putnam County Bank offer mortgages?

Compare mortgage rates here.

Does Putnam County Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Putnam County Bank offer personal loans?

Compare personal loan rates here.

Does Putnam County Bank offer student loans?

Will Putnam County Bank cash a check?

Will Putnam County Bank redeem a savings bond?

Does Putnam County Bank cash savings bonds?

Will Putnam County Bank cash money orders?

Can Putnam County Bank issue a money order?

Does Putnam County Bank do currency exchange?

Background on The Bank

Who owns Putnam County Bank?

How long has Putnam County Bank been around?

Can Putnam County Bank transfer to other banks?

Does Putnam County Bank have quick pay?

Does Putnam County Bank accept rolled coins?

Will Putnam County Bank accept loose change?

Where is Putnam County Bank headquarters?

Customer Reviews for Putnam County Bank

  • March 19, 2021

    CDs 12 Month Rates

    This rate is not true call it is only 0.40 lady she would have it changed a week ago

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