The Settlers Bank

Headquarters

115-121 Third Street
Marietta, OH 45750
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.75% →
1-Year CD 0.55% 1.55% →
2-Year CD 0.90% 1.45% →
5-Year CD 1.15% 1.66% →
30-Year Mortgage N.A. 3.08% →
15-Year Mortgage N.A. 2.65% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

The Settlers Bank is an FDIC insured institution located in Marietta, OH. It was founded in 1999 and has approximately $0.13 billion in assets.

FDIC Insured Yes
FDIC Certificate # 35060
Date Established 1999
Assets $ 128.61 million
Loans $ 94.29 million
Deposits $ 110.25 million
Capital $ 16.90 million
 

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

Deposit Rates - May 27, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $100 $49,999 Learn More
Money Market
0.15% $1,500 $9,999 Learn More
Money Market
0.20% $10,000 $99,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $2,500 - Learn More
6 Mo CD
0.30% $1,000 - Learn More
12 Mo CD
0.55% $2,500 - Learn More
Special: 16 Mo CD
0.85% $2,500 - Learn More
24 Mo CD
0.75% $10,000 $24,999 Learn More
24 Mo CD
0.90% $100,000 - Learn More
Special: 30 Mo CD
0.80% $2,500 - Learn More
30 Mo CD
0.80% $2,500 - Learn More
36 Mo CD
0.90% $10,000 $24,999 Learn More
36 Mo CD
1.05% $100,000 - Learn More
48 Mo CD
0.95% $2,500 - Learn More
60 Mo CD
1.00% $10,000 $24,999 Learn More
60 Mo CD
1.15% $100,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.55% $2,500 - Learn MoreShow Less
Special: 16 Mo FIRA
0.85% $2,500 - Learn MoreShow Less
Special: 30 Mo FIRA
0.80% $2,500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $499 Learn MoreShow Less
Int Ckg
0.10% $500 - Learn MoreShow Less

Loan Rates - May 27, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Settlers 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 2020

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.952% 2.875% 1.00 $2,485 $1,038 Learn More

Note to The Settlers Bank
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Branches

The Settlers 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


The Settlers Bank Locations


Financial Details

The Settlers Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Settlers 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
Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
The Settlers Bank U.S. Bank Average
5.62% 6.51%

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, 2019, The Settlers Bank had $1,037,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $16,901,000 in equity and $1,544,000 in loans loss reserves. That gives it a Texas Ratio of 5.62%.

Return on Equity
The Settlers Bank U.S. Bank Average
10.79% 9.41%

The Settlers Bank has a Return on Equity of 10.79% versus the BestCashCow average of 9.41%. 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 Settlers Bank U.S. Bank Average
13.14% 12.82%

The Settlers Bank has a Capitalization of 13.14% versus the BestCashCow average of 12.82. 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 Settlers Bank Balance Sheet Analysis

As of December 31, 2019, The Settlers Bank had assets of $128,607,000, loans of $94,291,000, and deposits of $110,253,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 16.67 million
Interest-bearing balances $ 15.25 million
Total securities $ 5.92 million
Federal funds sold and reverse repurchase $ 6.30 million
Net loans and leases $ 94.29 million
Loan loss allowance $ 1.54 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 $ 4.10 million
     Total Assets $ 111.71 million
LIABILITIES
Total deposits $ 110.25 million
      Interest-bearing deposits $ 82.04 million
      Deposits held in domestic offices $ 110.25 million
      % insured (estimated) 75.97%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1.00 million
Subordinated debt N.A.
All other liabilities $ 0.45 million
      Total Liabilities $ 111.71 million
      Shareholders’ Equity $ 16.90 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 5.43 million
Total Interest Expense $ 0.62 million
Net interest income $ 4.81 million
Provision for loan and lease losses $ 0.11 million
Total non interest income $ 0.34 million
Total non interest expense $ 2.85 million
Pre-tax Net Operating Income $ 2.20 million

Bank Loan Profile?

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

Compared to other banks in Ohio, The Settlers Bank 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 73.53
Multifamily
Mortgages
0.10
Credit Card Loans 0.00
Consumer Auto Loans 4.31
Small Business Loans 14.48
Construction and Development Loans 1.06
Commercial Real Estate 15.18
Commercial and Industrial Loans 5.77
Farm Loans 0.00

Frequently Asked Questions About The Settlers Bank

Branches and Savings

Is The Settlers Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35060.

Why does The Settlers 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 Settlers Bank CD rates not competitive?

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

Is The Settlers Bank a commercial bank?

Yes

Where are The Settlers Bank locations?

See branch locations nearby.

Is The Settlers Bank open on Saturdays?

Is The Settlers Bank open on Sundays?

What time does The Settlers Bank open?

What time does The Settlers Bank close?

Are The Settlers Bank ATMs Open 24/7?

Do The Settlers Bank ATMs accept cash deposits?

Can The Settlers Bank customers use other ATMs?

Do The Settlers Bank branches have notaries?

Will The Settlers Bank notarize my document?

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

Will the The Settlers Bank branch print checks?

Do The Settlers Bank checks expire?

Does The Settlers Bank require US citizenship to open account?

Can The Settlers Bank close my account?

Does The Settlers Bank Report to credit bureaus?

Does The Settlers Bank Use Equifax?

What is The Settlers Bank's ACH Routing Number?

What is The Settlers Bank's SWIFT code?

Products

Does The Settlers Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does The Settlers Bank offer personal loans?

Compare personal loan rates here.

Does The Settlers Bank offer student loans?

Will The Settlers Bank cash a check?

Will The Settlers Bank redeem a savings bond?

Does The Settlers Bank cash savings bonds?

Will The Settlers Bank cash money orders?

Can The Settlers Bank issue a money order?

Does The Settlers Bank do currency exchange?

Background on The Bank

Who owns The Settlers Bank?

How long has The Settlers Bank been around?

Can The Settlers Bank transfer to other banks?

Does The Settlers Bank have quick pay?

Does The Settlers Bank accept rolled coins?

Will The Settlers Bank accept loose change?

Where is The Settlers Bank headquarters?

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