Taylorsville Savings Bank, SSB

107 Main Avenue Dr
Taylorsville, NC 28681

Notable Rates APY Vs.Others
Savings N.A. 2.20% →
1-Year CD N.A. 2.25% →
2-Year CD N.A. 2.30% →
5-Year CD N.A. 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

Taylorsville Savings Bank, SSB is an FDIC insured institution located in Taylorsville, NC. It was founded in 1921 and has approximately $0.11 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 32348
Date Established 1921
Assets $0.11 billion
Loans $0.08 billion
Deposits $0.09 billion
Capital $0.01 billion
 

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

Deposit Rates - January 23, 2020

Your Current Location: Virginia, VA 20146

There are currently no rates available for Taylorsville Savings Bank, Ssb, but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - January 23, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Taylorsville Savings Bank, SSB

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
3.320% 3.250% 0.50 $2,237 $1,089 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

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
3.740 %
$0 Learn More
More Info

Note to Taylorsville Savings Bank, SSB
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Branches

Taylorsville Savings Bank, SSB 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


Taylorsville Savings Bank, SSB Locations


Financial Details

Taylorsville Savings Bank, SSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Taylorsville Savings Bank, SSB. 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
Taylorsville Savings Bank, SSB U.S. Bank Average
6.79% 6.70%

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 September 30, 2019, Taylorsville Savings Bank, SSB had $795,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $10,402,000 in equity and $1,314,000 in loans loss reserves. That gives it a Texas Ratio of 6.79%.

Return on Equity
Taylorsville Savings Bank, SSB U.S. Bank Average
7.25% 9.72%

Taylorsville Savings Bank, SSB has a Return on Equity of 7.25% versus the BestCashCow average of 9.72%. 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
Taylorsville Savings Bank, SSB U.S. Bank Average
9.66% 12.89%

Taylorsville Savings Bank, SSB has a Capitalization of 9.66% versus the BestCashCow average of 12.89. 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.

Taylorsville Savings Bank, SSB Balance Sheet Analysis

As of September 30, 2019, Taylorsville Savings Bank, SSB had assets of $107,631,000, loans of $84,209,000, and deposits of $92,462,000. 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

September 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.08 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 $0.10 billion
LIABILITIES
Total deposits $0.09 billion
      Interest-bearing deposits $0.09 billion
      Deposits held in domestic offices $0.09 billion
      % insured (estimated) 94.94%
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 $0.10 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

September 30, 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 Taylorsville Savings Bank, SSB’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in North Carolina, Taylorsville Savings Bank, SSB has a significantly higher percent of 1-4 Family Residential 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 76.11
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.24
Small Business Loans 0.00
Construction and Development Loans 5.84
Commercial Real Estate 15.65
Commercial and Industrial Loans 1.46
Farm Loans 0.00

Frequently Asked Questions About Taylorsville Savings Bank, Ssb

Branches and Savings

Is Taylorsville Savings Bank, Ssb FDIC insured?

Yes. It is covered under FDIC Certificate #32348.

Why does Taylorsville Savings Bank, Ssb pay such low interest on savings accounts?

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

Why are Taylorsville Savings Bank, Ssb CD rates not competitive?

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

Is Taylorsville Savings Bank, Ssb a commercial bank?

Yes

Where are Taylorsville Savings Bank, Ssb locations?

See branch locations nearby.

Is Taylorsville Savings Bank, Ssb open on Saturdays?

Is Taylorsville Savings Bank, Ssb open on Sundays?

What time does Taylorsville Savings Bank, Ssb open?

What time does Taylorsville Savings Bank, Ssb close?

Are Taylorsville Savings Bank, Ssb ATMs Open 24/7?

Do Taylorsville Savings Bank, Ssb ATMs accept cash deposits?

Can Taylorsville Savings Bank, Ssb customers use other ATMs?

Do Taylorsville Savings Bank, Ssb branches have notaries?

Will Taylorsville Savings Bank, Ssb notarize my document?

What address for Taylorsville Savings Bank, Ssb should I put for incoming ACH transfers?

Will the Taylorsville Savings Bank, Ssb branch print checks?

Do Taylorsville Savings Bank, Ssb checks expire?

Does Taylorsville Savings Bank, Ssb require US citizenship to open account?

Can Taylorsville Savings Bank, Ssb close my account?

Does Taylorsville Savings Bank, Ssb Report to credit bureaus?

Does Taylorsville Savings Bank, Ssb Use Equifax?

What is Taylorsville Savings Bank, Ssb's ACH Routing Number?

What is Taylorsville Savings Bank, Ssb's SWIFT code?

Products

Does Taylorsville Savings Bank, Ssb offer mortgages?

Compare mortgage rates here.

Does Taylorsville Savings Bank, Ssb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Taylorsville Savings Bank, Ssb offer personal loans?

Compare personal loan rates here.

Does Taylorsville Savings Bank, Ssb offer student loans?

Will Taylorsville Savings Bank, Ssb cash a check?

Will Taylorsville Savings Bank, Ssb redeem a savings bond?

Does Taylorsville Savings Bank, Ssb cash savings bonds?

Will Taylorsville Savings Bank, Ssb cash money orders?

Can Taylorsville Savings Bank, Ssb issue a money order?

Does Taylorsville Savings Bank, Ssb do currency exchange?

Background on The Bank

Who owns Taylorsville Savings Bank, Ssb?

How long has Taylorsville Savings Bank, Ssb been around?

Can Taylorsville Savings Bank, Ssb transfer to other banks?

Does Taylorsville Savings Bank, Ssb have quick pay?

Does Taylorsville Savings Bank, Ssb accept rolled coins?

Will Taylorsville Savings Bank, Ssb accept loose change?

Where is Taylorsville Savings Bank, Ssb headquarters?

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