Sugar River Bank

10 North Main Street
Newport, NH 03773

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 18028
Date Established 1895
Assets $0.30 billion
Loans $0.21 billion
Deposits $0.24 billion
Capital $0.04 billion

Sugar River Bank is an FDIC insured institution located in Newport, NH. It was founded in 1895 and has approximately $0.3 billion in assets. Customers can open an account at one of its 6 branches.

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

Deposit Rates - August 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
6 Mo CD
0.21% $500 - Learn MoreShow Less
12 Mo CD
0.35% $500 - Learn MoreShow Less
Special: 18 Mo CD
2.00% $500 - Learn MoreShow Less
24 Mo CD
0.58% $500 - Learn MoreShow Less
30 Mo CD
0.65% $500 - Learn MoreShow Less
36 Mo CD
0.95% $500 - Learn MoreShow Less
48 Mo CD
1.05% $500 - Learn MoreShow Less
60 Mo CD
1.22% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.35% $100 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.07% $10 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 - Learn MoreShow Less

Loan Rates - August 21, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 4.23% 3.99% $737.99
4 Year 4.18% 3.99% $564.36
5 Year 4.14% 3.99% $460.30
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Sugar River 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:
Ashburn,Virginia


Sugar River Bank Locations


Financial Details

Sugar River Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Sugar River 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
Sugar River Bank U.S. Bank Average
3.6% 6.94%

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 March 31, 2019, Sugar River Bank had $1,574,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $41,596,000 in equity and $2,178,000 in loans loss reserves. That gives it a Texas Ratio of 3.6%.

Return on Equity
Sugar River Bank U.S. Bank Average
4.34% 9.47%

Sugar River Bank has a Return on Equity of 4.34% versus the BestCashCow average of 9.47%. 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
Sugar River Bank U.S. Bank Average
13.67% 12.49%

Sugar River Bank has a Capitalization of 13.67% versus the BestCashCow average of 12.49. 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.

Sugar River Bank Balance Sheet Analysis

As of March 31, 2019, Sugar River Bank had assets of $304,334,000, loans of $207,462,000, and deposits of $236,355,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.02 billion
Total securities $0.05 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.21 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 $0.02 billion
     Total Assets $0.26 billion
LIABILITIES
Total deposits $0.24 billion
      Interest-bearing deposits $0.19 billion
      Deposits held in domestic offices $0.24 billion
      % insured (estimated) 90.35%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.26 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

March 31, 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 Sugar River Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Sugar River 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 71.04
Multifamily
Mortgages
4.85
Credit Card Loans 0.00
Consumer Auto Loans 0.07
Small Business Loans 0.00
Construction and Development Loans 1.17
Commercial Real Estate 10.67
Commercial and Industrial Loans 7.82
Farm Loans 0.00

Frequently Asked Questions About Sugar River Bank

Branches and Savings

Is Sugar River Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18028.

Why does Sugar River Bank pay such low interest on savings accounts?

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

Why are Sugar River Bank CD rates not competitive?

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

Is Sugar River Bank a commercial bank?

Yes

Where are Sugar River Bank locations?

See branch locations nearby.

Is Sugar River Bank open on Saturdays?

Is Sugar River Bank open on Sundays?

What time does Sugar River Bank open?

What time does Sugar River Bank close?

Are Sugar River Bank ATMs Open 24/7?

Do Sugar River Bank ATMs accept cash deposits?

Can Sugar River Bank customers use other ATMs?

Do Sugar River Bank branches have notaries?

Will Sugar River Bank notarize my document?

What address for Sugar River Bank should I put for incoming ACH transfers?

Will the Sugar River Bank branch print checks?

Do Sugar River Bank checks expire?

Does Sugar River Bank require US citizenship to open account?

Can Sugar River Bank close my account?

Does Sugar River Bank Report to credit bureaus?

Does Sugar River Bank Use Equifax?

What is Sugar River Bank's ACH Routing Number?

What is Sugar River Bank's SWIFT code?

Products

Does Sugar River Bank offer mortgages?

Compare mortgage rates here.

Does Sugar River Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Sugar River Bank offer personal loans?

Compare personal loan rates here.

Does Sugar River Bank offer student loans?

Will Sugar River Bank cash a check?

Will Sugar River Bank redeem a savings bond?

Does Sugar River Bank cash savings bonds?

Will Sugar River Bank cash money orders?

Can Sugar River Bank issue a money order?

Does Sugar River Bank do currency exchange?

Background on The Bank

Who owns Sugar River Bank?

How long has Sugar River Bank been around?

Can Sugar River Bank transfer to other banks?

Does Sugar River Bank have quick pay?

Does Sugar River Bank accept rolled coins?

Will Sugar River Bank accept loose change?

Where is Sugar River Bank headquarters?

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