Traditions First Bank

Headquarters

5745 East Main Street
Erin, TN 37061
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.65% →
1-Year CD 0.50% 0.70% →
2-Year CD 0.50% 0.75% →
5-Year CD 0.50% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Traditions First Bank is an FDIC insured institution located in Erin, TN. It was founded in 2000 and has approximately $0.18 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 57092
Date Established 2000
Assets $ 183.57 million
Loans $ 100.64 million
Deposits $ 165.62 million
Capital $ 15.92 million
 

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

Deposit Rates - June 16, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.10% $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
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $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
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - June 16, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Traditions First 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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
2.582% 2.500%
0.63 points
$2,700 fees
$988 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.669% 2.625%
0.63 points
$1,435 fees
$1,005 Learn More
CIT Bank
NMLS ID: 541760
2.983% 2.950%
0.38 points
$1,055 fees
$1,048 Learn More
Rocket Mortgage
NMLS ID: 3030
3.465% 3.375%
0.63 points
$2,812 fees
$1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

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

Branches

Traditions First 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


Traditions First Bank Locations


Financial Details

Traditions First Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Traditions First 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
Traditions First Bank U.S. Bank Average
0% 5.49%

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, 2020, Traditions First Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $15,922,000 in equity and $927,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Traditions First Bank U.S. Bank Average
7.51% 9.24%

Traditions First Bank has a Return on Equity of 7.51% versus the BestCashCow average of 9.24%. 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
Traditions First Bank U.S. Bank Average
8.67% 11.96%

Traditions First Bank has a Capitalization of 8.67% versus the BestCashCow average of 11.96. 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.

Traditions First Bank Balance Sheet Analysis

As of December 31, 2020, Traditions First Bank had assets of $183,569,000, loans of $100,637,000, and deposits of $165,621,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 32.52 million
Interest-bearing balances $ 28.77 million
Total securities $ 42.82 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 100.64 million
Loan loss allowance $ 0.93 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.51 million
All other assets $ 3.09 million
     Total Assets $ 167.65 million
LIABILITIES
Total deposits $ 165.62 million
      Interest-bearing deposits $ 142.16 million
      Deposits held in domestic offices $ 165.62 million
      % insured (estimated) 74.65%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.09 million
Subordinated debt N.A.
All other liabilities $ 1.94 million
      Total Liabilities $ 167.65 million
      Shareholders’ Equity $ 15.92 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 6.19 million
Total Interest Expense $ 1.18 million
Net interest income $ 5.01 million
Provision for loan and lease losses $ 0.22 million
Total non interest income $ 0.93 million
Total non interest expense $ 4.66 million
Pre-tax Net Operating Income $ 1.06 million

Bank Loan Profile?

The top three loan types in Traditions First Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Tennessee, Traditions First Bank has a significantly higher percent of Construction and Development 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 37.47
Multifamily
Mortgages
3.91
Credit Card Loans 0.00
Consumer Auto Loans 1.24
Small Business Loans 10.26
Construction and Development Loans 18.47
Commercial Real Estate 29.10
Commercial and Industrial Loans 5.61
Farm Loans 1.07

Frequently Asked Questions About Traditions First Bank

Branches and Savings

Is Traditions First Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57092.

Why does Traditions First Bank pay such low interest on savings accounts?

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

Why are Traditions First Bank CD rates not competitive?

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

Is Traditions First Bank a commercial bank?

Yes

Where are Traditions First Bank locations?

See branch locations nearby.

Is Traditions First Bank open on Saturdays?

Is Traditions First Bank open on Sundays?

What time does Traditions First Bank open?

What time does Traditions First Bank close?

Are Traditions First Bank ATMs Open 24/7?

Do Traditions First Bank ATMs accept cash deposits?

Can Traditions First Bank customers use other ATMs?

Do Traditions First Bank branches have notaries?

Will Traditions First Bank notarize my document?

What address for Traditions First Bank should I put for incoming ACH transfers?

Will the Traditions First Bank branch print checks?

Do Traditions First Bank checks expire?

Does Traditions First Bank require US citizenship to open account?

Can Traditions First Bank close my account?

Does Traditions First Bank Report to credit bureaus?

Does Traditions First Bank Use Equifax?

What is Traditions First Bank's ACH Routing Number?

What is Traditions First Bank's SWIFT code?

Products

Does Traditions First Bank offer mortgages?

Compare mortgage rates here.

Does Traditions First Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Traditions First Bank offer personal loans?

Compare personal loan rates here.

Does Traditions First Bank offer student loans?

Will Traditions First Bank cash a check?

Will Traditions First Bank redeem a savings bond?

Does Traditions First Bank cash savings bonds?

Will Traditions First Bank cash money orders?

Can Traditions First Bank issue a money order?

Does Traditions First Bank do currency exchange?

Background on The Bank

Who owns Traditions First Bank?

How long has Traditions First Bank been around?

Can Traditions First Bank transfer to other banks?

Does Traditions First Bank have quick pay?

Does Traditions First Bank accept rolled coins?

Will Traditions First Bank accept loose change?

Where is Traditions First Bank headquarters?

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