The Bank of Bennington

Headquarters

155 North Street
Bennington, VT 05201
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 1.20% →
1-Year CD 0.55% 1.10% →
2-Year CD 0.75% 1.15% →
5-Year CD 1.00% 1.56% →
30-Year Mortgage 3.52% 3.09% →
15-Year Mortgage 3.07% 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

The Bank of Bennington is an FDIC insured institution located in Bennington, VT. It was founded in 1917 and has approximately $0.43 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 30350
Date Established 1917
Assets $ 426.49 million
Loans $ 338.57 million
Deposits $ 322.13 million
Capital $ 48.24 million
 

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

Deposit Rates - August 7, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $2,500 $4,999 Learn More
Money Market
0.25% $2,500 $2,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.50% $10,000 $14,999 Learn More
3 Mo CD
0.55% $100,000 $199,999 Learn More
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.55% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.70% $10,000 $14,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.85% $100,000 $199,999 Learn More
48 Mo CD
0.90% $10,000 $14,999 Learn More
48 Mo CD
0.95% $100,000 $199,999 Learn More
60 Mo CD
0.95% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 7, 2020

Your Current Location: Virginia, VA 20146

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

The Bank of Bennington 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


The Bank of Bennington Locations


Financial Details

The Bank of Bennington Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Bank of Bennington. 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
The Bank of Bennington U.S. Bank Average
5.44% 6.94%

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 March 31, 2020, The Bank of Bennington had $2,396,000 in non-current loans and $436,000 in owned real estate. To cover these potential losses it had $48,235,000 in equity and $3,813,000 in loans loss reserves. That gives it a Texas Ratio of 5.44%.

Return on Equity
The Bank of Bennington U.S. Bank Average
2.06% 7.80%

The Bank of Bennington has a Return on Equity of 2.06% versus the BestCashCow average of 7.80%. 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
The Bank of Bennington U.S. Bank Average
11.31% 12.68%

The Bank of Bennington has a Capitalization of 11.31% versus the BestCashCow average of 12.68. 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.

The Bank of Bennington Balance Sheet Analysis

As of March 31, 2020, The Bank of Bennington had assets of $426,491,000, loans of $338,574,000, and deposits of $322,132,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 10.42 million
Interest-bearing balances $ 3.54 million
Total securities $ 52.51 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 338.57 million
Loan loss allowance $ 3.81 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.44 million
Goodwill and other intangibles $ 0.17 million
All other assets $ 18.23 million
     Total Assets $ 378.26 million
LIABILITIES
Total deposits $ 322.13 million
      Interest-bearing deposits $ 261.73 million
      Deposits held in domestic offices $ 322.13 million
      % insured (estimated) 91.51%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 48.00 million
Subordinated debt N.A.
All other liabilities $ 8.12 million
      Total Liabilities $ 378.26 million
      Shareholders’ Equity $ 48.24 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.98 million
Total Interest Expense $ 0.98 million
Net interest income $ 3.00 million
Provision for loan and lease losses $ 0.56 million
Total non interest income $ 0.57 million
Total non interest expense $ 2.74 million
Pre-tax Net Operating Income $ 0.28 million

Bank Loan Profile?

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

Compared to other banks in Vermont, The Bank of Bennington has a significantly higher percent of 1-4 Family Residential Loans, Small Business 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 78.49
Multifamily
Mortgages
1.98
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 10.53
Construction and Development Loans 1.18
Commercial Real Estate 15.92
Commercial and Industrial Loans 2.85
Farm Loans 0.00

Frequently Asked Questions About The Bank Of Bennington

Branches and Savings

Is The Bank Of Bennington FDIC insured?

Yes. It is covered under FDIC Certificate #30350.

Why does The Bank Of Bennington pay such low interest on savings accounts?

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

Why are The Bank Of Bennington CD rates not competitive?

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

Is The Bank Of Bennington a commercial bank?

Yes

Where are The Bank Of Bennington locations?

See branch locations nearby.

Is The Bank Of Bennington open on Saturdays?

Is The Bank Of Bennington open on Sundays?

What time does The Bank Of Bennington open?

What time does The Bank Of Bennington close?

Are The Bank Of Bennington ATMs Open 24/7?

Do The Bank Of Bennington ATMs accept cash deposits?

Can The Bank Of Bennington customers use other ATMs?

Do The Bank Of Bennington branches have notaries?

Will The Bank Of Bennington notarize my document?

What address for The Bank Of Bennington should I put for incoming ACH transfers?

Will the The Bank Of Bennington branch print checks?

Do The Bank Of Bennington checks expire?

Does The Bank Of Bennington require US citizenship to open account?

Can The Bank Of Bennington close my account?

Does The Bank Of Bennington Report to credit bureaus?

Does The Bank Of Bennington Use Equifax?

What is The Bank Of Bennington's ACH Routing Number?

What is The Bank Of Bennington's SWIFT code?

Products

Does The Bank Of Bennington offer mortgages?

Compare mortgage rates here.

Does The Bank Of Bennington offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Bank Of Bennington offer personal loans?

Compare personal loan rates here.

Does The Bank Of Bennington offer student loans?

Will The Bank Of Bennington cash a check?

Will The Bank Of Bennington redeem a savings bond?

Does The Bank Of Bennington cash savings bonds?

Will The Bank Of Bennington cash money orders?

Can The Bank Of Bennington issue a money order?

Does The Bank Of Bennington do currency exchange?

Background on The Bank

Who owns The Bank Of Bennington?

How long has The Bank Of Bennington been around?

Can The Bank Of Bennington transfer to other banks?

Does The Bank Of Bennington have quick pay?

Does The Bank Of Bennington accept rolled coins?

Will The Bank Of Bennington accept loose change?

Where is The Bank Of Bennington headquarters?

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