Synovus Bank

1111 Bay Avenue
Columbus, GA 31901

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 873
Date Established 1888
Assets $31.63 billion
Loans $24.94 billion
Deposits $26.83 billion
Capital $3.28 billion

Synovus Bank is an FDIC insured institution located in Columbus, GA. It was founded in 1888 and has approximately $31.63 billion in assets. Customers can open an account at one of its 267 branches.

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

Bank Loan Profile?

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

Compared to other banks in Georgia, Synovus Bank has a significantly higher percent of Commercial and Industrial 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 19.16
Multifamily
Mortgages
3.21
Credit Card Loans 0.63
Consumer Auto Loans 0.05
Small Business Loans 7.78
Construction and Development Loans 7.17
Commercial Real Estate 37.52
Commercial and Industrial Loans 24.04
Farm Loans 0.21

Deposit Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.03% $1,000 $4,999 Learn MoreShow Less
Money Market
0.05% $1,000 $4,999 Learn MoreShow Less
Money Market
0.05% $1,000 $14,999 Learn MoreShow Less
Money Market
0.03% $5,000 $14,999 Learn MoreShow Less
Money Market
0.03% $25,000 $49,999 Learn MoreShow Less
Money Market
0.10% $25,000 $49,999 Learn MoreShow Less
Money Market
0.20% $25,000 $49,999 Learn MoreShow Less
Money Market
0.05% $25,000 $49,999 Learn MoreShow Less
Premium Money Market Account
0.10% $10,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.05% $10,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.15% $25,000 $99,999 Learn MoreShow Less
Premium Money Market Account
0.20% $25,000 $99,999 Learn MoreShow Less
Premium Money Market Account
0.15% $25,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.05% $1,000 $99,999 Learn MoreShow Less
3 Mo CD
0.10% $5,000 $24,999 Learn MoreShow Less
3 Mo CD
0.10% $100,000 - Learn MoreShow Less
3 Mo CD
0.05% $100,000 - Learn MoreShow Less
6 Mo CD
0.10% $1,000 - Learn MoreShow Less
0.10% $5,000 $24,999 Learn MoreShow Less
6 Mo CD
0.10% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.10% $1,000 $4,999 Learn MoreShow Less
Fixed IRA
0.15% $5,000 $24,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.20% $1,000 $4,999 Learn MoreShow Less
Var IRA
0.30% $1,000 - Learn MoreShow Less
Var IRA
0.10% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 $4,999 Learn MoreShow Less
Int Ckg
0.02% $1,000 $4,999 Learn MoreShow Less
Checking Rates APY MIN FEE
Preferred Account 0.00% $5,000 $25.00 Learn MoreShow Less

Loan Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Synovus 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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
4.836% 4.750% 0.00 $2,500 $1,305 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.490% $283.58 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More

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

Branches

Synovus 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


Synovus Bank Locations

Financial Details

Synovus Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Synovus 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
Synovus Bank U.S. Bank Average
3.66% 7.92%

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, 2018, Synovus Bank had $123,282,000 in non-current loans and $6,288,000 in owned real estate. To cover these potential losses it had $3,284,727,000 in equity and $251,725,000 in loans loss reserves. That gives it a Texas Ratio of 3.66%.

Return on Equity
Synovus Bank U.S. Bank Average
14.06% 9.77%

Synovus Bank has a Return on Equity of 14.06% versus the BestCashCow average of 9.77%. 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
Synovus Bank U.S. Bank Average
10.39% 12.31%

Synovus Bank has a Capitalization of 10.39% versus the BestCashCow average of 12.31. 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.

Synovus Bank Balance Sheet Analysis

As of June 30, 2018, Synovus Bank had assets of $31,625,463,000, loans of $24,938,737,000, and deposits of $26,834,449,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $1.05 billion
Interest-bearing balances $0.65 billion
Total securities $3.93 billion
Federal funds sold and reverse repurchase $0.02 billion
Net loans and leases $24.94 billion
Loan loss allowance $0.25 billion
Trading account assets $0.01 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.07 billion
All other assets $1.17 billion
     Total Assets $28.34 billion
LIABILITIES
Total deposits $26.83 billion
      Interest-bearing deposits $18.97 billion
      Deposits held in domestic offices $26.83 billion
      % insured (estimated) 63.56%
Federal funds purchased and repurchase agreements $0.20 billion
Trading liabilities $0.02 billion
Other borrowed funds $1.10 billion
Subordinated debt $0.00 billion
All other liabilities $0.19 billion
      Total Liabilities $28.34 billion
      Shareholders’ Equity $3.28 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.64 billion
Total Interest Expense $0.07 billion
Net interest income $0.57 billion
Provision for loan and lease losses $0.02 billion
Total non interest income $0.12 billion
Total non interest expense $0.37 billion
Pre-tax Net Operating Income $0.30 billion

Frequently Asked Questions About Synovus Bank

Branches and Savings

Is Synovus Bank FDIC insured?

Yes. It is covered under FDIC Certificate #873.

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

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

Why are Synovus Bank CD rates not competitive?

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

Is Synovus Bank a commercial bank?

Yes

Where are Synovus Bank locations?

See branch locations nearby.

Is Synovus Bank open on Saturdays?

Is Synovus Bank open on Sundays?

What time does Synovus Bank open?

What time does Synovus Bank close?

Are Synovus Bank ATMs Open 24/7?

Do Synovus Bank ATMs accept cash deposits?

Can Synovus Bank customers use other ATMs?

Do Synovus Bank branches have notaries?

Will Synovus Bank notarize my document?

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

Will the Synovus Bank branch print checks?

Do Synovus Bank checks expire?

Does Synovus Bank require US citizenship to open account?

Can Synovus Bank close my account?

Does Synovus Bank Report to credit bureaus?

Does Synovus Bank Use Equifax?

What is Synovus Bank's ACH Routing Number?

What is Synovus Bank's SWIFT code?

Products

Does Synovus Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Synovus Bank offer personal loans?

Compare personal loan rates here.

Does Synovus Bank offer student loans?

Will Synovus Bank cash a check?

Will Synovus Bank redeem a savings bond?

Does Synovus Bank cash savings bonds?

Will Synovus Bank cash money orders?

Can Synovus Bank issue a money order?

Does Synovus Bank do currency exchange?

Background on The Bank

Who owns Synovus Bank?

How long has Synovus Bank been around?

Can Synovus Bank transfer to other banks?

Does Synovus Bank have quick pay?

Does Synovus Bank accept rolled coins?

Will Synovus Bank accept loose change?

Where is Synovus Bank headquarters?

Customer Reviews for Synovus Bank


  • boppyjohn

    August 02, 2016

    iwillaccepttenthousanddollars

  • deb

    June 11, 2015

    Synovus no longer offers this rate as of 5/8/2015---I called and asked

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