Savings Bank of Mendocino County

Headquarters

200 North School Street
Ukiah, CA 95482
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 3.50% →
1-Year CD N.A. 3.70% →
2-Year CD N.A. 3.80% →
5-Year CD N.A. 4.25% →
30-Year Mortgage N.A. 6.20% →
15-Year Mortgage N.A. 5.66% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

Savings Bank of Mendocino County is an FDIC insured institution located in Ukiah, CA. It was founded in 1903 and has approximately $1.39 billion in assets. Customers can open an account at one of its 10 branches.

FDIC Insured Yes
FDIC Certificate # 8011
Date Established 1903
Assets $ 1,386.89 million
Loans $ 626.49 million
Deposits $ 1,212.90 million
Capital $ 169.10 million
 

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

Deposit Rates - October 4, 2022

Your Current Location: Connecticut, CT 06828

There are currently no rates available for Savings Bank Of Mendocino County, but see these great savings and CD rates:

Advertiser Disclosure
 

Loan Rates - October 4, 2022

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Savings Bank of Mendocino County

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 2022

Lender APR Rate (%) Monthly
Payment
Learn More
Interstate Home Loan Center, Inc
NMLS ID: 56315
6.489% 6.375%
0.75 points
$2,985 fees
$1,560 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
6.233% 6.125%
0.75 points
$2,880 fees
$1,520 Learn More
Rocket Mortgage
NMLS ID: 3030
6.985% 6.875%
0.63 points
$2,812 fees
$1,643 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

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

Branches

Savings Bank of Mendocino County 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


Savings Bank of Mendocino County Locations



Climate Initiatives

Savings Bank of Mendocino County is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Savings Bank of Mendocino County Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Savings Bank of Mendocino County. 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
Savings Bank of Mendocino County U.S. Bank Average
0.26% 4.01%

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, 2022, Savings Bank of Mendocino County had $470,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $169,101,000 in equity and $14,858,000 in loans loss reserves. That gives it a Texas Ratio of 0.26%.

Return on Equity
Savings Bank of Mendocino County U.S. Bank Average
7.51% 9.01%

Savings Bank of Mendocino County has a Return on Equity of 7.51% versus the BestCashCow average of 9.01%. 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
Savings Bank of Mendocino County U.S. Bank Average
12.19% 10.66%

Savings Bank of Mendocino County has a Capitalization of 12.19% versus the BestCashCow average of 10.66. 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.

Savings Bank of Mendocino County Balance Sheet Analysis

As of March 31, 2022, Savings Bank of Mendocino County had assets of $1,386,892,000, loans of $626,485,000, and deposits of $1,212,900,000. 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, 2022
ASSETS
Cash & Balances due from depository institutions $ 35.72 million
Interest-bearing balances $ 19.47 million
Total securities $ 647.37 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 626.49 million
Loan loss allowance $ 14.86 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 66.36 million
     Total Assets $ 1,217.79 million
LIABILITIES
Total deposits $ 1,212.90 million
      Interest-bearing deposits $ 799.25 million
      Deposits held in domestic offices $ 1,212.90 million
      % insured (estimated) 66.15%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 4.89 million
      Total Liabilities $ 1,217.79 million
      Shareholders’ Equity $ 169.10 million

Summary Income Statement

March 31, 2022
INCOME AND EXPENSES
Total Interest Income $ 10.82 million
Total Interest Expense $ 0.31 million
Net interest income $ 10.51 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.14 million
Total non interest expense $ 7.04 million
Pre-tax Net Operating Income $ 4.60 million

Bank Loan Profile?

The top three loan types in Savings Bank of Mendocino County’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Multifamily Mortgages.

Compared to other banks, Savings Bank of Mendocino County’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 13.72
Multifamily
Mortgages
9.48
Credit Card Loans 0.00
Consumer Auto Loans 0.29
Small Business Loans 0.00
Construction and Development Loans 3.32
Commercial Real Estate 66.26
Commercial and Industrial Loans 5.02
Farm Loans 0.02

Customer Reviews for Savings Bank of Mendocino County

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

Add Your Review

Rate it here →