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. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 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 $ 1,386.03 million
Loans $ 625.96 million
Deposits $ 1,177.63 million
Capital $ 204.04 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 24, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - October 24, 2021

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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Better.com
NMLS ID: 330511
3.166% 3.125%
0.50 points
$1,312 fees
$1,071 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
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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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Note to Savings Bank of Mendocino County
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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
0.31% 4.78%

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 June 30, 2021, Savings Bank of Mendocino County had $686,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $204,038,000 in equity and $14,852,000 in loans loss reserves. That gives it a Texas Ratio of 0.31%.

Return on Equity
Savings Bank of Mendocino County U.S. Bank Average
6.76% 11.29%

Savings Bank of Mendocino County has a Return on Equity of 6.76% versus the BestCashCow average of 11.29%. 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
14.72% 11.72%

Savings Bank of Mendocino County has a Capitalization of 14.72% versus the BestCashCow average of 11.72. 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 June 30, 2021, Savings Bank of Mendocino County had assets of $1,386,029,000, loans of $625,962,000, and deposits of $1,177,630,000. 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

June 30, 2021
ASSETS
Cash & Balances due from depository institutions $ 90.58 million
Interest-bearing balances $ 75.76 million
Total securities $ 608.87 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 625.96 million
Loan loss allowance $ 14.85 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 $ 50.64 million
     Total Assets $ 1,181.99 million
LIABILITIES
Total deposits $ 1,177.63 million
      Interest-bearing deposits $ 758.76 million
      Deposits held in domestic offices $ 1,177.63 million
      % insured (estimated) 66.92%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 4.36 million
      Total Liabilities $ 1,181.99 million
      Shareholders’ Equity $ 204.04 million

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 21.30 million
Total Interest Expense $ 0.63 million
Net interest income $ 20.67 million
Provision for loan and lease losses $ 2.00 million
Total non interest income $ 2.89 million
Total non interest expense $ 12.72 million
Pre-tax Net Operating Income $ 8.84 million

Bank Loan Profile?

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

Compared to other banks in California, Savings Bank of Mendocino County has a significantly higher percent of 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 11.10
Multifamily
Mortgages
8.42
Credit Card Loans 0.00
Consumer Auto Loans 0.33
Small Business Loans 12.08
Construction and Development Loans 3.82
Commercial Real Estate 63.57
Commercial and Industrial Loans 10.83
Farm Loans 0.05

Frequently Asked Questions About Savings Bank Of Mendocino County

Branches and Savings

Is Savings Bank Of Mendocino County FDIC insured?

Yes. It is covered under FDIC Certificate #8011.

Why does Savings Bank Of Mendocino County pay such low interest on savings accounts?

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

Why are Savings Bank Of Mendocino County CD rates not competitive?

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

Is Savings Bank Of Mendocino County a commercial bank?

Yes

Where are Savings Bank Of Mendocino County locations?

See branch locations nearby.

Is Savings Bank Of Mendocino County open on Saturdays?

Is Savings Bank Of Mendocino County open on Sundays?

What time does Savings Bank Of Mendocino County open?

What time does Savings Bank Of Mendocino County close?

Are Savings Bank Of Mendocino County ATMs Open 24/7?

Do Savings Bank Of Mendocino County ATMs accept cash deposits?

Can Savings Bank Of Mendocino County customers use other ATMs?

Do Savings Bank Of Mendocino County branches have notaries?

Will Savings Bank Of Mendocino County notarize my document?

What address for Savings Bank Of Mendocino County should I put for incoming ACH transfers?

Will the Savings Bank Of Mendocino County branch print checks?

Do Savings Bank Of Mendocino County checks expire?

Does Savings Bank Of Mendocino County require US citizenship to open account?

Can Savings Bank Of Mendocino County close my account?

Does Savings Bank Of Mendocino County Report to credit bureaus?

Does Savings Bank Of Mendocino County Use Equifax?

What is Savings Bank Of Mendocino County's ACH Routing Number?

What is Savings Bank Of Mendocino County's SWIFT code?

Products

Does Savings Bank Of Mendocino County offer mortgages?

Compare mortgage rates here.

Does Savings Bank Of Mendocino County offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Savings Bank Of Mendocino County offer personal loans?

Compare personal loan rates here.

Does Savings Bank Of Mendocino County offer student loans?

Will Savings Bank Of Mendocino County cash a check?

Will Savings Bank Of Mendocino County redeem a savings bond?

Does Savings Bank Of Mendocino County cash savings bonds?

Will Savings Bank Of Mendocino County cash money orders?

Can Savings Bank Of Mendocino County issue a money order?

Does Savings Bank Of Mendocino County do currency exchange?

Background on The Bank

Who owns Savings Bank Of Mendocino County?

How long has Savings Bank Of Mendocino County been around?

Can Savings Bank Of Mendocino County transfer to other banks?

Does Savings Bank Of Mendocino County have quick pay?

Does Savings Bank Of Mendocino County accept rolled coins?

Will Savings Bank Of Mendocino County accept loose change?

Where is Savings Bank Of Mendocino County headquarters?

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