Touchstone Bank

Headquarters

4300 Crossings Boulevard
Prince George, VA 23875
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.91% →
1-Year CD 0.40% 0.85% →
2-Year CD 0.50% 0.95% →
5-Year CD 0.75% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Touchstone Bank is an FDIC insured institution located in Prince George, VA. It was founded in 1906 and has approximately $0.47 billion in assets. Customers can open an account at one of its 13 branches.

FDIC Insured Yes
FDIC Certificate # 6139
Date Established 1906
Assets $ 472.95 million
Loans $ 345.37 million
Deposits $ 390.69 million
Capital $ 48.34 million
 

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

Deposit Rates - December 2, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.35% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.60% $10,000 $14,999 Learn More
36 Mo CD
0.60% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.75% $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 - December 2, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Touchstone Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
2.548% 2.500% 0.63 $1,572 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.583% 2.500% 0.88 $2,728 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

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

Branches

Touchstone 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


Touchstone Bank Locations


Financial Details

Touchstone Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Touchstone 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
Touchstone Bank U.S. Bank Average
5.1% 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, Touchstone Bank had $2,545,000 in non-current loans and $82,000 in owned real estate. To cover these potential losses it had $48,338,000 in equity and $3,199,000 in loans loss reserves. That gives it a Texas Ratio of 5.1%.

Return on Equity
Touchstone Bank U.S. Bank Average
3.27% 7.80%

Touchstone Bank has a Return on Equity of 3.27% 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
Touchstone Bank U.S. Bank Average
10.22% 12.68%

Touchstone Bank has a Capitalization of 10.22% 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.

Touchstone Bank Balance Sheet Analysis

As of March 31, 2020, Touchstone Bank had assets of $472,950,000, loans of $345,366,000, and deposits of $390,689,000. 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 $ 23.92 million
Interest-bearing balances $ 11.90 million
Total securities $ 59.28 million
Federal funds sold and reverse repurchase $ 8.43 million
Net loans and leases $ 345.37 million
Loan loss allowance $ 3.20 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.08 million
Goodwill and other intangibles $ 1.35 million
All other assets $ 18.74 million
     Total Assets $ 424.61 million
LIABILITIES
Total deposits $ 390.69 million
      Interest-bearing deposits $ 280.80 million
      Deposits held in domestic offices $ 390.69 million
      % insured (estimated) 86.34%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 27.00 million
Subordinated debt $ 3.53 million
All other liabilities $ 3.39 million
      Total Liabilities $ 424.61 million
      Shareholders’ Equity $ 48.34 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.47 million
Total Interest Expense $ 0.83 million
Net interest income $ 4.64 million
Provision for loan and lease losses $ 0.90 million
Total non interest income $ 0.62 million
Total non interest expense $ 3.99 million
Pre-tax Net Operating Income $ 0.37 million

Bank Loan Profile?

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

Compared to other banks, Touchstone Bank’s loan portfolio does not show any specific loan specialty.

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 35.25
Multifamily
Mortgages
2.01
Credit Card Loans 0.00
Consumer Auto Loans 0.63
Small Business Loans 0.00
Construction and Development Loans 8.65
Commercial Real Estate 41.51
Commercial and Industrial Loans 8.84
Farm Loans 0.22

Frequently Asked Questions About Touchstone Bank

Branches and Savings

Is Touchstone Bank FDIC insured?

Yes. It is covered under FDIC Certificate #6139.

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

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

Why are Touchstone Bank CD rates not competitive?

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

Is Touchstone Bank a commercial bank?

Yes

Where are Touchstone Bank locations?

See branch locations nearby.

Is Touchstone Bank open on Saturdays?

Is Touchstone Bank open on Sundays?

What time does Touchstone Bank open?

What time does Touchstone Bank close?

Are Touchstone Bank ATMs Open 24/7?

Do Touchstone Bank ATMs accept cash deposits?

Can Touchstone Bank customers use other ATMs?

Do Touchstone Bank branches have notaries?

Will Touchstone Bank notarize my document?

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

Will the Touchstone Bank branch print checks?

Do Touchstone Bank checks expire?

Does Touchstone Bank require US citizenship to open account?

Can Touchstone Bank close my account?

Does Touchstone Bank Report to credit bureaus?

Does Touchstone Bank Use Equifax?

What is Touchstone Bank's ACH Routing Number?

What is Touchstone Bank's SWIFT code?

Products

Does Touchstone Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Touchstone Bank offer personal loans?

Compare personal loan rates here.

Does Touchstone Bank offer student loans?

Will Touchstone Bank cash a check?

Will Touchstone Bank redeem a savings bond?

Does Touchstone Bank cash savings bonds?

Will Touchstone Bank cash money orders?

Can Touchstone Bank issue a money order?

Does Touchstone Bank do currency exchange?

Background on The Bank

Who owns Touchstone Bank?

How long has Touchstone Bank been around?

Can Touchstone Bank transfer to other banks?

Does Touchstone Bank have quick pay?

Does Touchstone Bank accept rolled coins?

Will Touchstone Bank accept loose change?

Where is Touchstone Bank headquarters?

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