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Overview / Commentary
5025 Anchor Way, Gallows Bay Marketplace
Christiansted, VI 00820

Bank of St. Croix, Inc. is headquartered in Christiansted and is the 2nd largest bank in the state of VI. It is also the 4,208th largest bank in the nation. It was established in 1995 and as of December of 2013, it had grown to 30 employees. Bank of St. Croix, Inc. has a B+ health rating.

Reviews (1)

The Bank Of St. Croix

This is a rock solid, very small, U.S. Virgin Islands bank that I am delighted to be a depositor in.  I sleep well at night knowing where my money is, even though they won't pay a dime in interest.  I love this bank.


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Bank of St. Croix, Inc. had $3.97 million in non-current loans and owned real-estate with $13.95 million in equity and loan loss allowances on hand to cover it. This gives Bank of St. Croix, Inc. a Texas Ratio of 28.47% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bank of St. Croix, Inc. experienced no significant changes from 24.23% as of December 31, 2012 to 28.47% as of December 31, 2013, resulting in a negative change of 17.52%. This indicates that the balance sheet and financial strength for Bank of St. Croix, Inc. has had no significant changes in recent periods.

Deposit Growth


In the past year, Bank of St. Croix, Inc. has increased its total deposits by $11.17 million, resulting in 11.38% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of St. Croix, Inc. has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of St. Croix, Inc. has $124.02 million in assets with $13.95 million in equity, resulting in a capitalization level of 11.25%, which is excellent.

Institution Statistics

FDIC Certificate #33990
Year Established1995
Primary RegulatorFDIC
Assets and Liabilities
Assets$124.03 million
Loans$46.77 million
Deposits$109.34 million
Equity Capital$13.22 million
Loan Loss Allowance$732,000
Unbacked Noncurrent Loans$1.15 million
Real Estate Owned$2.82 million
Historic Data - December 2012
Assets$113.65 million
Equity Capital$15.24 million
Loan Loss Allowance$816,000
Unbacked Noncurrent Loans$1.15 million
Real Estate Owned$2.70 million
Profit Margin - Quarterly
Net Interest Margin3.25%
Return on Assets0.32%
Return on Equity2.63%
Interest Income$3.90 million

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Bank of St. Croix, Inc. Locations
Bank Of St. Croix, Inc.5025 Anchor WayChristiansted, VI 820
Estate Peter's Branch6702 Peters RoadChristiansted, VI 820