Sargent County Bank

331 Main Street Sw
Forman, ND 58032

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 8942
Date Established 1900
Assets $0.18 billion
Loans $0.09 billion
Deposits $0.15 billion
Capital $0.02 billion

Sargent County Bank is an FDIC insured institution located in Forman, ND. It was founded in 1900 and has approximately $0.18 billion in assets. Customers can open an account at one of its 5 branches.

For a more detailed analysis of Sargent County Bank'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 Sargent County Bank’s loan portfolio are Farm Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Sargent 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 1.56
Multifamily
Mortgages
1.25
Credit Card Loans 0.00
Consumer Auto Loans 3.08
Small Business Loans 0.00
Construction and Development Loans 0.06
Commercial Real Estate 9.08
Commercial and Industrial Loans 4.64
Farm Loans 36.78

Deposit Rates - March 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.35% $1,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.75% $500 - Learn MoreShow Less
6 Mo CD
1.00% $500 - Learn MoreShow Less
12 Mo CD
1.75% $500 - Learn MoreShow Less
24 Mo CD
2.00% $500 - Learn MoreShow Less
36 Mo CD
2.25% $500 - Learn MoreShow Less
48 Mo CD
2.50% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
2.00% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.20% $25 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $500 - Learn MoreShow Less

Loan Rates - March 21, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Sargent County Bank

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
4.375% 4.250% 0.50 $3,750 $1,230 Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
3.907% 3.875% 0.38 $972 $1,176 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

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

Branches

Sargent 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.

Your Location:
Ashburn,Virginia


Sargent County Bank Locations


Financial Details

Sargent County Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Sargent 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
Sargent County Bank U.S. Bank Average
0% 7.34%

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 September 30, 2018, Sargent County Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $19,963,000 in equity and $405,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Sargent County Bank U.S. Bank Average
15.08% 9.95%

Sargent County Bank has a Return on Equity of 15.08% versus the BestCashCow average of 9.95%. 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
Sargent County Bank U.S. Bank Average
11.1% 12.19%

Sargent County Bank has a Capitalization of 11.1% versus the BestCashCow average of 12.19. 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.

Sargent County Bank Balance Sheet Analysis

As of September 30, 2018, Sargent County Bank had assets of $179,808,000, loans of $88,207,000, and deposits of $149,496,000. 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

September 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.08 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.09 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 $0.16 billion
LIABILITIES
Total deposits $0.15 billion
      Interest-bearing deposits $0.11 billion
      Deposits held in domestic offices $0.15 billion
      % insured (estimated) 85.85%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.16 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

September 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 Sargent County Bank

Branches and Savings

Is Sargent County Bank FDIC insured?

Yes. It is covered under FDIC Certificate #8942.

Why does Sargent 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 Sargent County Bank CD rates not competitive?

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

Is Sargent County Bank a commercial bank?

Yes

Where are Sargent County Bank locations?

See branch locations nearby.

Is Sargent County Bank open on Saturdays?

Is Sargent County Bank open on Sundays?

What time does Sargent County Bank open?

What time does Sargent County Bank close?

Are Sargent County Bank ATMs Open 24/7?

Do Sargent County Bank ATMs accept cash deposits?

Can Sargent County Bank customers use other ATMs?

Do Sargent County Bank branches have notaries?

Will Sargent County Bank notarize my document?

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

Will the Sargent County Bank branch print checks?

Do Sargent County Bank checks expire?

Does Sargent County Bank require US citizenship to open account?

Can Sargent County Bank close my account?

Does Sargent County Bank Report to credit bureaus?

Does Sargent County Bank Use Equifax?

What is Sargent County Bank's ACH Routing Number?

What is Sargent County Bank's SWIFT code?

Products

Does Sargent County Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Sargent County Bank offer personal loans?

Compare personal loan rates here.

Does Sargent County Bank offer student loans?

Will Sargent County Bank cash a check?

Will Sargent County Bank redeem a savings bond?

Does Sargent County Bank cash savings bonds?

Will Sargent County Bank cash money orders?

Can Sargent County Bank issue a money order?

Does Sargent County Bank do currency exchange?

Background on The Bank

Who owns Sargent County Bank?

How long has Sargent County Bank been around?

Can Sargent County Bank transfer to other banks?

Does Sargent County Bank have quick pay?

Does Sargent County Bank accept rolled coins?

Will Sargent County Bank accept loose change?

Where is Sargent County Bank headquarters?

Customer Reviews for Sargent County Bank

There are currently no comments for Sargent County Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →