Sicily Island State Bank

301 Newman Street
Sicily Island, LA 71368

Notable Rates APY Vs.Others
Savings 0.50% 1.96% →
1-Year CD 1.11% 2.02% →
2-Year CD 1.00% 2.02% →
5-Year CD 1.20% 2.02% →
30-Year Mortgage N.A. 3.14% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.50% →

2020 Overview

General Bank Information

Sicily Island State Bank is an FDIC insured institution located in Sicily Island, LA. It was founded in 1918 and has approximately $0.06 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 12722
Date Established 1918
Assets $0.06 billion
Loans $0.05 billion
Deposits $0.05 billion
Capital $0.01 billion
 

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

Deposit Rates - April 2, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
CD Rates APY MIN MAX
3 Mo CD
0.20% $1,000 - Learn MoreShow Less
6 Mo CD
0.20% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.11% $1,000 - Learn MoreShow Less
Special: 36 Mo FIRA
1.71% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.85% $2,500 - Learn MoreShow Less

Loan Rates - April 2, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Sicily Island State 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
3.500 %
$0 Learn More
More Info

Note to Sicily Island State Bank
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Branches

Sicily Island State 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:
Fairfield,Connecticut


Sicily Island State Bank Locations


Financial Details

Sicily Island State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Sicily Island State 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
Sicily Island State Bank U.S. Bank Average
13.23% 6.70%

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 September 30, 2019, Sicily Island State Bank had $1,079,000 in non-current loans and $130,000 in owned real estate. To cover these potential losses it had $8,484,000 in equity and $655,000 in loans loss reserves. That gives it a Texas Ratio of 13.23%.

Return on Equity
Sicily Island State Bank U.S. Bank Average
7.54% 9.72%

Sicily Island State Bank has a Return on Equity of 7.54% versus the BestCashCow average of 9.72%. 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
Sicily Island State Bank U.S. Bank Average
13.46% 12.89%

Sicily Island State Bank has a Capitalization of 13.46% versus the BestCashCow average of 12.89. 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.

Sicily Island State Bank Balance Sheet Analysis

As of September 30, 2019, Sicily Island State Bank had assets of $63,037,000, loans of $47,435,000, and deposits of $45,920,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.05 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 $0.05 billion
LIABILITIES
Total deposits $0.05 billion
      Interest-bearing deposits $0.04 billion
      Deposits held in domestic offices $0.05 billion
      % insured (estimated) 92.36%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.05 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

September 30, 2019
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

Bank Loan Profile?

The top three loan types in Sicily Island State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks, Sicily Island State 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 41.25
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.80
Small Business Loans 0.00
Construction and Development Loans 13.07
Commercial Real Estate 21.11
Commercial and Industrial Loans 12.20
Farm Loans 0.03

Frequently Asked Questions About Sicily Island State Bank

Branches and Savings

Is Sicily Island State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #12722.

Why does Sicily Island State Bank pay such low interest on savings accounts?

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

Why are Sicily Island State Bank CD rates not competitive?

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

Is Sicily Island State Bank a commercial bank?

Yes

Where are Sicily Island State Bank locations?

See branch locations nearby.

Is Sicily Island State Bank open on Saturdays?

Is Sicily Island State Bank open on Sundays?

What time does Sicily Island State Bank open?

What time does Sicily Island State Bank close?

Are Sicily Island State Bank ATMs Open 24/7?

Do Sicily Island State Bank ATMs accept cash deposits?

Can Sicily Island State Bank customers use other ATMs?

Do Sicily Island State Bank branches have notaries?

Will Sicily Island State Bank notarize my document?

What address for Sicily Island State Bank should I put for incoming ACH transfers?

Will the Sicily Island State Bank branch print checks?

Do Sicily Island State Bank checks expire?

Does Sicily Island State Bank require US citizenship to open account?

Can Sicily Island State Bank close my account?

Does Sicily Island State Bank Report to credit bureaus?

Does Sicily Island State Bank Use Equifax?

What is Sicily Island State Bank's ACH Routing Number?

What is Sicily Island State Bank's SWIFT code?

Products

Does Sicily Island State Bank offer mortgages?

Compare mortgage rates here.

Does Sicily Island State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Sicily Island State Bank offer personal loans?

Compare personal loan rates here.

Does Sicily Island State Bank offer student loans?

Will Sicily Island State Bank cash a check?

Will Sicily Island State Bank redeem a savings bond?

Does Sicily Island State Bank cash savings bonds?

Will Sicily Island State Bank cash money orders?

Can Sicily Island State Bank issue a money order?

Does Sicily Island State Bank do currency exchange?

Background on The Bank

Who owns Sicily Island State Bank?

How long has Sicily Island State Bank been around?

Can Sicily Island State Bank transfer to other banks?

Does Sicily Island State Bank have quick pay?

Does Sicily Island State Bank accept rolled coins?

Will Sicily Island State Bank accept loose change?

Where is Sicily Island State Bank headquarters?

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