Small Town Bank


117 Main Street
Wedowee, AL 36278
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Notable Rates APY Vs.Others
Savings N.A. 1.10% →
1-Year CD N.A. 1.10% →
2-Year CD N.A. 1.15% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Small Town Bank is an FDIC insured institution located in Wedowee, AL. It was founded in 1999 and has approximately $0.24 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 35112
Date Established 1999
Assets $ 241.06 million
Loans $ 119.27 million
Deposits $ 199.93 million
Capital $ 39.47 million

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

Deposit Rates - August 7, 2020

Your Current Location: Virginia, VA 20146

Loan Rates - August 7, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Small Town 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 2020

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3.494% 3.375% 1.00 $3,750 $1,106 Learn More
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Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

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2.990 %
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Note to Small Town Bank
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Financial Details

Small Town Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Small Town Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Small Town Bank U.S. Bank Average
2.59% 6.94%

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, 2020, Small Town Bank had $895,000 in non-current loans and $168,000 in owned real estate. To cover these potential losses it had $39,470,000 in equity and $1,521,000 in loans loss reserves. That gives it a Texas Ratio of 2.59%.

Return on Equity
Small Town Bank U.S. Bank Average
6.22% 7.80%

Small Town Bank has a Return on Equity of 6.22% versus the BestCashCow average of 7.80%. 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.

Small Town Bank U.S. Bank Average
16.37% 12.68%

Small Town Bank has a Capitalization of 16.37% versus the BestCashCow average of 12.68. 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.

Small Town Bank Balance Sheet Analysis

As of June 30, 2019, Small Town Bank had assets of $240,612,000, loans of $119,274,000, and deposits of $199,926,000. 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, 2020
Cash & Balances due from depository institutions $ 13.45 million
Interest-bearing balances $ 8.14 million
Total securities $ 95.01 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 119.27 million
Loan loss allowance $ 1.52 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.17 million
Goodwill and other intangibles $ 2.61 million
All other assets $ 7.17 million
     Total Assets $ 201.14 million
Total deposits $ 199.93 million
      Interest-bearing deposits $ 156.13 million
      Deposits held in domestic offices $ 199.93 million
      % insured (estimated) 85.11%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.22 million
      Total Liabilities $ 201.14 million
      Shareholders’ Equity $ 39.92 million

Summary Income Statement

March 31, 2020
Total Interest Income $ 4.94 million
Total Interest Expense $ 0.56 million
Net interest income $ 4.38 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.51 million
Total non interest expense $ 3.49 million
Pre-tax Net Operating Income $ 1.41 million

Bank Loan Profile?

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

Compared to other banks in Alabama, Small Town Bank has a significantly higher percent of Small Business Loans, 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.19
Credit Card Loans 0.00
Consumer Auto Loans 0.82
Small Business Loans 27.33
Construction and Development Loans 8.37
Commercial Real Estate 45.49
Commercial and Industrial Loans 8.10
Farm Loans 0.34

Frequently Asked Questions About Small Town Bank

Branches and Savings

Is Small Town Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35112.

Why does Small Town Bank pay such low interest on savings accounts?

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

Why are Small Town Bank CD rates not competitive?

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

Is Small Town Bank a commercial bank?


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Does Small Town Bank offer mortgages?

Compare mortgage rates here.

Does Small Town Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Small Town Bank offer personal loans?

Compare personal loan rates here.

Does Small Town Bank offer student loans?

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Background on The Bank

Who owns Small Town Bank?

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