Southeastern Bank

1010 North Way
Darien, GA 31305

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 5685
Date Established 1889
Assets $0.43 billion
Loans $0.22 billion
Deposits $0.37 billion
Capital $0.06 billion

Southeastern Bank is an FDIC insured institution located in Darien, GA. It was founded in 1889 and has approximately $0.43 billion in assets. Customers can open an account at one of its 12 branches.

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

Deposit Rates - October 20, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $2,500 $4,999 Learn MoreShow Less
Money Market
0.35% $10,000 $24,999 Learn MoreShow Less
Money Market
0.35% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.40% $500 - Learn MoreShow Less
6 Mo CD
0.60% $500 $99,999 Learn MoreShow Less
1.05% $500 $99,999 Learn MoreShow Less
12 Mo CD
1.00% $500 - Learn MoreShow Less
18 Mo CD
1.05% $500 - Learn MoreShow Less
1.10% $1,000 $99,999 Learn MoreShow Less
24 Mo CD
1.16% $500 - Learn MoreShow Less
1.21% $1,000 $99,999 Learn MoreShow Less
36 Mo CD
1.26% $500 - Learn MoreShow Less
1.31% $1,000 $99,999 Learn MoreShow Less
48 Mo CD
1.36% $500 - Learn MoreShow Less
1.41% $1,000 $99,999 Learn MoreShow Less
60 Mo CD
1.51% $500 - Learn MoreShow Less
1.56% $1,000 $99,999 Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.05% $500 - Learn MoreShow Less
Fixed IRA
1.00% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,000 $4,999 Learn MoreShow Less

Loan Rates - October 20, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Southeastern 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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.408% 3.375% 0.38 $1,020 $1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

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

Branches

Southeastern 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


Southeastern Bank Locations


Financial Details

Southeastern Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Southeastern 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
Southeastern Bank U.S. Bank Average
5.43% 6.77%

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 June 30, 2019, Southeastern Bank had $1,308,000 in non-current loans and $1,931,000 in owned real estate. To cover these potential losses it had $55,301,000 in equity and $4,390,000 in loans loss reserves. That gives it a Texas Ratio of 5.43%.

Return on Equity
Southeastern Bank U.S. Bank Average
11.82% 9.50%

Southeastern Bank has a Return on Equity of 11.82% versus the BestCashCow average of 9.50%. 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
Southeastern Bank U.S. Bank Average
12.91% 12.76%

Southeastern Bank has a Capitalization of 12.91% versus the BestCashCow average of 12.76. 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.

Southeastern Bank Balance Sheet Analysis

As of June 30, 2019, Southeastern Bank had assets of $428,305,000, loans of $221,869,000, and deposits of $371,892,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.03 billion
Total securities $0.13 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.22 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 $0.01 billion
     Total Assets $0.37 billion
LIABILITIES
Total deposits $0.37 billion
      Interest-bearing deposits $0.27 billion
      Deposits held in domestic offices $0.37 billion
      % insured (estimated) 80.66%
Federal funds purchased and repurchase agreements $0.00 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 $0.37 billion
      Shareholders’ Equity $0.06 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks, Southeastern 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 29.67
Multifamily
Mortgages
2.93
Credit Card Loans 0.43
Consumer Auto Loans 1.07
Small Business Loans 17.62
Construction and Development Loans 17.00
Commercial Real Estate 32.02
Commercial and Industrial Loans 10.11
Farm Loans 3.04

Frequently Asked Questions About Southeastern Bank

Branches and Savings

Is Southeastern Bank FDIC insured?

Yes. It is covered under FDIC Certificate #5685.

Why does Southeastern Bank pay such low interest on savings accounts?

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

Why are Southeastern Bank CD rates not competitive?

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

Is Southeastern Bank a commercial bank?

Yes

Where are Southeastern Bank locations?

See branch locations nearby.

Is Southeastern Bank open on Saturdays?

Is Southeastern Bank open on Sundays?

What time does Southeastern Bank open?

What time does Southeastern Bank close?

Are Southeastern Bank ATMs Open 24/7?

Do Southeastern Bank ATMs accept cash deposits?

Can Southeastern Bank customers use other ATMs?

Do Southeastern Bank branches have notaries?

Will Southeastern Bank notarize my document?

What address for Southeastern Bank should I put for incoming ACH transfers?

Will the Southeastern Bank branch print checks?

Do Southeastern Bank checks expire?

Does Southeastern Bank require US citizenship to open account?

Can Southeastern Bank close my account?

Does Southeastern Bank Report to credit bureaus?

Does Southeastern Bank Use Equifax?

What is Southeastern Bank's ACH Routing Number?

What is Southeastern Bank's SWIFT code?

Products

Does Southeastern Bank offer mortgages?

Compare mortgage rates here.

Does Southeastern Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Southeastern Bank offer personal loans?

Compare personal loan rates here.

Does Southeastern Bank offer student loans?

Will Southeastern Bank cash a check?

Will Southeastern Bank redeem a savings bond?

Does Southeastern Bank cash savings bonds?

Will Southeastern Bank cash money orders?

Can Southeastern Bank issue a money order?

Does Southeastern Bank do currency exchange?

Background on The Bank

Who owns Southeastern Bank?

How long has Southeastern Bank been around?

Can Southeastern Bank transfer to other banks?

Does Southeastern Bank have quick pay?

Does Southeastern Bank accept rolled coins?

Will Southeastern Bank accept loose change?

Where is Southeastern Bank headquarters?

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