Watch Hill Bank

Headquarters

2110 Beechmont Ave
Cincinnati, OH 45230
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Watch Hill Bank is an FDIC insured institution located in Cincinnati, OH. It was founded in 1886 and has approximately $0.17 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 27968
Date Established 1886
Assets $ 168.04 million
Loans $ 149.32 million
Deposits $ 103.25 million
Capital $ 15.79 million
 

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

Deposit Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Watch Hill 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
AimLoan.com
NMLS ID: 2890
License#: 13256
2.569% 2.500% 0.88 $2,258 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 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 Watch Hill Bank
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Branches

Watch Hill 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


Watch Hill Bank Locations


Financial Details

Watch Hill Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Watch Hill 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
Watch Hill Bank U.S. Bank Average
4.73% 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, Watch Hill Bank had $812,000 in non-current loans and $13,000 in owned real estate. To cover these potential losses it had $15,785,000 in equity and $1,644,000 in loans loss reserves. That gives it a Texas Ratio of 4.73%.

Return on Equity
Watch Hill Bank U.S. Bank Average
5.48% 7.80%

Watch Hill Bank has a Return on Equity of 5.48% 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
Watch Hill Bank U.S. Bank Average
9.39% 12.68%

Watch Hill Bank has a Capitalization of 9.39% 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.

Watch Hill Bank Balance Sheet Analysis

As of September 30, 2018, Watch Hill Bank had assets of $165,567,000, loans of $149,323,000, and deposits of $103,254,000. 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 $ 4.15 million
Interest-bearing balances $ 3.68 million
Total securities $ 3.57 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 149.32 million
Loan loss allowance $ 1.64 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.01 million
Goodwill and other intangibles $ 0.15 million
All other assets $ 6.66 million
     Total Assets $ 149.78 million
LIABILITIES
Total deposits $ 103.25 million
      Interest-bearing deposits $ 100.00 million
      Deposits held in domestic offices $ 103.25 million
      % insured (estimated) 81.29%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 46.24 million
Subordinated debt N.A.
All other liabilities $ 0.29 million
      Total Liabilities $ 149.78 million
      Shareholders’ Equity $ 18.26 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.79 million
Total Interest Expense $ 1.56 million
Net interest income $ 3.23 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.26 million
Total non interest expense $ 2.67 million
Pre-tax Net Operating Income $ 0.82 million

Bank Loan Profile?

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

Compared to other banks in Ohio, Watch Hill Bank has a significantly higher percent of Multifamily Mortgages, Small Business Loans, 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 48.57
Multifamily
Mortgages
10.02
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 20.29
Construction and Development Loans 9.28
Commercial Real Estate 29.05
Commercial and Industrial Loans 3.67
Farm Loans 0.00

Frequently Asked Questions About Watch Hill Bank

Branches and Savings

Is Watch Hill Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27968.

Why does Watch Hill Bank pay such low interest on savings accounts?

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

Why are Watch Hill Bank CD rates not competitive?

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

Is Watch Hill Bank a commercial bank?

Yes

Where are Watch Hill Bank locations?

See branch locations nearby.

Is Watch Hill Bank open on Saturdays?

Is Watch Hill Bank open on Sundays?

What time does Watch Hill Bank open?

What time does Watch Hill Bank close?

Are Watch Hill Bank ATMs Open 24/7?

Do Watch Hill Bank ATMs accept cash deposits?

Can Watch Hill Bank customers use other ATMs?

Do Watch Hill Bank branches have notaries?

Will Watch Hill Bank notarize my document?

What address for Watch Hill Bank should I put for incoming ACH transfers?

Will the Watch Hill Bank branch print checks?

Do Watch Hill Bank checks expire?

Does Watch Hill Bank require US citizenship to open account?

Can Watch Hill Bank close my account?

Does Watch Hill Bank Report to credit bureaus?

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Products

Does Watch Hill Bank offer mortgages?

Compare mortgage rates here.

Does Watch Hill Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Watch Hill Bank offer personal loans?

Compare personal loan rates here.

Does Watch Hill Bank offer student loans?

Will Watch Hill Bank cash a check?

Will Watch Hill Bank redeem a savings bond?

Does Watch Hill Bank cash savings bonds?

Will Watch Hill Bank cash money orders?

Can Watch Hill Bank issue a money order?

Does Watch Hill Bank do currency exchange?

Background on The Bank

Who owns Watch Hill Bank?

How long has Watch Hill Bank been around?

Can Watch Hill Bank transfer to other banks?

Does Watch Hill Bank have quick pay?

Does Watch Hill Bank accept rolled coins?

Will Watch Hill Bank accept loose change?

Where is Watch Hill Bank headquarters?

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