The Croghan Colonial Bank

Headquarters

323 Croghan Street
Fremont, OH 43420
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.01% 1.40% →
1-Year CD 0.10% 1.10% →
2-Year CD 0.20% 1.26% →
5-Year CD 0.38% 1.56% →
30-Year Mortgage 4.36% 3.09% →
15-Year Mortgage 3.69% 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

The Croghan Colonial Bank is an FDIC insured institution located in Fremont, OH. It was founded in 1888 and has approximately $0.88 billion in assets. Customers can open an account at one of its 17 branches.

FDIC Insured Yes
FDIC Certificate # 13341
Date Established 1888
Assets $ 879.96 million
Loans $ 629.35 million
Deposits $ 709.10 million
Capital $ 122.59 million
 

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

Deposit Rates - July 15, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $1 - Learn More
Money Market
0.05% $1 $10,000 Learn More
Money Market
0.05% $10,001 $50,000 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.05% $500 $99,999 Learn More
6 Mo CD
0.05% $100,000 - Learn More
12 Mo CD
0.10% $500 $99,999 Learn More
12 Mo CD
0.10% $100,000 - Learn More
Special: 17 Mo CD
0.12% $500 $99,999 Learn More
18 Mo CD
0.15% $500 $99,999 Learn More
18 Mo CD
0.15% $100,000 - Learn More
24 Mo CD
0.20% $500 $99,999 Learn More
24 Mo CD
0.20% $100,000 - Learn More
30 Mo CD
0.23% $500 $99,999 Learn More
30 Mo CD
0.23% $100,000 - Learn More
Special: 33 Mo CD
0.25% $500 $99,999 Learn More
36 Mo CD
0.30% $500 - Learn More
48 Mo CD
0.32% $500 $99,999 Learn More
48 Mo CD
0.32% $100,000 - Learn More
60 Mo CD
0.38% $500 $99,999 Learn More
60 Mo CD
0.38% $100,000 - Learn More

Fixed IRA Rates APY MIN MAX
Special: 17 Mo FIRA
0.12% $500 $99,999 Learn MoreShow Less
Special: 33 Mo FIRA
0.25% $500 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $1 - Learn MoreShow Less

Loan Rates - July 15, 2020

Your Current Location: Connecticut, CT 06828

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 Croghan Colonial 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:
Fairfield,Connecticut


The Croghan Colonial Bank Locations


Financial Details

The Croghan Colonial Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Croghan Colonial 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
The Croghan Colonial Bank U.S. Bank Average
0.73% 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 Croghan Colonial Bank had $754,000 in non-current loans and $186,000 in owned real estate. To cover these potential losses it had $122,594,000 in equity and $6,363,000 in loans loss reserves. That gives it a Texas Ratio of 0.73%.

Return on Equity
The Croghan Colonial Bank U.S. Bank Average
9.02% 7.80%

The Croghan Colonial Bank has a Return on Equity of 9.02% 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 Croghan Colonial Bank U.S. Bank Average
13.93% 12.68%

The Croghan Colonial Bank has a Capitalization of 13.93% 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 Croghan Colonial Bank Balance Sheet Analysis

As of March 31, 2020, The Croghan Colonial Bank had assets of $879,963,000, loans of $629,351,000, and deposits of $709,100,000. 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 $ 18.01 million
Interest-bearing balances $ 6.61 million
Total securities $ 165.66 million
Federal funds sold and reverse repurchase $ 2.47 million
Net loans and leases $ 629.35 million
Loan loss allowance $ 6.36 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.19 million
Goodwill and other intangibles $ 23.89 million
All other assets $ 30.08 million
     Total Assets $ 757.37 million
LIABILITIES
Total deposits $ 709.10 million
      Interest-bearing deposits $ 499.51 million
      Deposits held in domestic offices $ 709.10 million
      % insured (estimated) 79.66%
Federal funds purchased and repurchase agreements $ 26.81 million
Trading liabilities N.A.
Other borrowed funds $ 17.58 million
Subordinated debt N.A.
All other liabilities $ 3.88 million
      Total Liabilities $ 757.37 million
      Shareholders’ Equity $ 122.59 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 9.30 million
Total Interest Expense $ 0.86 million
Net interest income $ 8.44 million
Provision for loan and lease losses $ 0.45 million
Total non interest income $ 1.60 million
Total non interest expense $ 6.26 million
Pre-tax Net Operating Income $ 3.34 million

Bank Loan Profile?

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

Compared to other banks in Ohio, The Croghan Colonial Bank has a significantly higher percent of Multifamily Mortgages, Small Business Loans, Commercial Real Estate 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 18.94
Multifamily
Mortgages
10.21
Credit Card Loans 0.47
Consumer Auto Loans 6.45
Small Business Loans 14.83
Construction and Development Loans 4.36
Commercial Real Estate 41.16
Commercial and Industrial Loans 9.59
Farm Loans 0.42

Frequently Asked Questions About The Croghan Colonial Bank

Branches and Savings

Is The Croghan Colonial Bank FDIC insured?

Yes. It is covered under FDIC Certificate #13341.

Why does The Croghan Colonial Bank pay such low interest on savings accounts?

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

Why are The Croghan Colonial Bank CD rates not competitive?

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

Is The Croghan Colonial Bank a commercial bank?

Yes

Where are The Croghan Colonial Bank locations?

See branch locations nearby.

Is The Croghan Colonial Bank open on Saturdays?

Is The Croghan Colonial Bank open on Sundays?

What time does The Croghan Colonial Bank open?

What time does The Croghan Colonial Bank close?

Are The Croghan Colonial Bank ATMs Open 24/7?

Do The Croghan Colonial Bank ATMs accept cash deposits?

Can The Croghan Colonial Bank customers use other ATMs?

Do The Croghan Colonial Bank branches have notaries?

Will The Croghan Colonial Bank notarize my document?

What address for The Croghan Colonial Bank should I put for incoming ACH transfers?

Will the The Croghan Colonial Bank branch print checks?

Do The Croghan Colonial Bank checks expire?

Does The Croghan Colonial Bank require US citizenship to open account?

Can The Croghan Colonial Bank close my account?

Does The Croghan Colonial Bank Report to credit bureaus?

Does The Croghan Colonial Bank Use Equifax?

What is The Croghan Colonial Bank's ACH Routing Number?

What is The Croghan Colonial Bank's SWIFT code?

Products

Does The Croghan Colonial Bank offer mortgages?

Compare mortgage rates here.

Does The Croghan Colonial Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Croghan Colonial Bank offer personal loans?

Compare personal loan rates here.

Does The Croghan Colonial Bank offer student loans?

Will The Croghan Colonial Bank cash a check?

Will The Croghan Colonial Bank redeem a savings bond?

Does The Croghan Colonial Bank cash savings bonds?

Will The Croghan Colonial Bank cash money orders?

Can The Croghan Colonial Bank issue a money order?

Does The Croghan Colonial Bank do currency exchange?

Background on The Bank

Who owns The Croghan Colonial Bank?

How long has The Croghan Colonial Bank been around?

Can The Croghan Colonial Bank transfer to other banks?

Does The Croghan Colonial Bank have quick pay?

Does The Croghan Colonial Bank accept rolled coins?

Will The Croghan Colonial Bank accept loose change?

Where is The Croghan Colonial Bank headquarters?

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