Swisher Trust & Savings Bank
Headquarters
59 Rose Avenue
Swisher, IA 52338
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2024 Overview
General Bank Information
Swisher Trust & Savings Bank is an FDIC insured institution located in Swisher, IA. It was founded in 1913 and has approximately $0.05 billion in assets.
| FDIC Insured | Yes |
| FDIC Certificate | # 8516 |
| Date Established | 1913 |
| Assets | $ 52.70 million |
| Loans | $ 13.97 million |
| Deposits | $ 47.60 million |
| Capital | $ 4.25 million |
For a more detailed analysis of Swisher Trust & Savings Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - May 18, 2024
Your Current Location: Illinois, IL 10007
Loan Rates - May 18, 2024
Your Current Location: Illinois, IL 10007
There are currently no loan rates available for Swisher Trust & Savings Bank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Illinois 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 401822 |
6.312% |
6.125% 1.00 points $6,400 fees |
$1,945 | Learn More |
NMLS ID: 2059741 |
6.638% |
6.500% 0.88 points $4,602 fees |
$2,023 | Learn More |
NMLS ID: 1025894 |
6.967% |
6.875% 0.75 points $2,988 fees |
$2,103 | Learn More |
NMLS ID: 1907 |
7.065% |
6.875% 1.00 points $6,202 fees |
$2,103 | Learn More |
Featured - Illinois Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Swisher Trust & Savings Bank
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Branches
Swisher Trust & Savings 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:
Morton Grove,Illinois
Climate Policy and Initiatives
Swisher Trust & Savings Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Swisher Trust & Savings Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Swisher Trust & Savings 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
| Swisher Trust & Savings Bank | U.S. Bank Average |
|---|---|
| 0% | 3.96% |
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 December 31, 2024, Swisher Trust & Savings Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $4,247,000 in equity and $147,000 in loans loss reserves. That gives it a Texas Ratio of 0%.
Return on Equity
| Swisher Trust & Savings Bank | U.S. Bank Average |
|---|---|
| 5.67% | 12.20% |
Swisher Trust & Savings Bank has a Return on Equity of 5.67% versus the BestCashCow average of 12.20%. 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
| Swisher Trust & Savings Bank | U.S. Bank Average |
|---|---|
| 8.06% | 10.76% |
Swisher Trust & Savings Bank has a Capitalization of 8.06% versus the BestCashCow average of 10.76. 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.
Swisher Trust & Savings Bank Balance Sheet Analysis
As of December 31, 2018, Swisher Trust & Savings Bank had assets of $52,707,000, loans of $13,967,000, and deposits of $47,602,000. 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
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 8.02 million |
| Interest-bearing balances | $ 6.93 million |
| Total securities | $ 27.73 million |
| Federal funds sold and reverse repurchase | $ 2.16 million |
| Net loans and leases | $ 13.97 million |
| Loan loss allowance | $ 0.15 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 | $ 0.60 million |
| Total Assets | $ 48.46 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 47.60 million |
| Interest-bearing deposits | $ 33.42 million |
| Deposits held in domestic offices | $ 47.60 million |
| % insured (estimated) | 89.06% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 0.86 million |
| Total Liabilities | $ 48.46 million |
| Shareholders’ Equity | $ 4.24 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 1.38 million |
| Total Interest Expense | $ 0.17 million |
| Net interest income | $ 1.21 million |
| Provision for loan and lease losses | N.A. |
| Total non interest income | $ 0.07 million |
| Total non interest expense | $ 1.83 million |
| Pre-tax Net Operating Income | N.A. |
Bank Loan Profile?
The top three loan types in Swisher Trust & Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Consumer Auto Loans, and Farm Loans.
Compared to other banks in Iowa, Swisher Trust & Savings Bank has a significantly higher percent of 1-4 Family Residential Loans, Consumer Auto Loans 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 | 49.38 | ✓ | ||
| Multifamily Mortgages |
0.95 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 10.61 | ✓ | ||
| Small Business Loans | 7.10 | ✓ | ||
| Construction and Development Loans | 0.29 | ✓ | ||
| Commercial Real Estate | 7.10 | ✓ | ||
| Commercial and Industrial Loans | 7.15 | ✓ | ||
| Farm Loans | 7.29 | ✓ | ||
Customer Reviews for Swisher Trust & Savings Bank
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