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Overview / Commentary
1201 12th Street
Altoona, PA 16601

C&G Savings Bank is headquartered in Altoona and is the 157th largest bank in the state of Pennsylvania. It is also the 4,105th largest bank in the nation. It was established in 1939 and as of March of 2014, it had grown to 39 employees at 6 locations. C&G Savings Bank has a A health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 C&G Savings Bank had $1.21 million in non-current loans and owned real-estate with $19.12 million in equity and loan loss allowances on hand to cover it. This gives C&G Savings Bank a Texas Ratio of 6.34% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for C&G Savings Bank decreased slightly from 7.62% as of March 31, 2013 to 6.34% as of March 31, 2014, resulting in a positive change of 16.81%.This indicates that the balance sheet and financial strength for C&G Savings Bank has improved slightly in recent periods.

Deposit Growth


In the past year, C&G Savings Bank has decreased its total deposits by -$3.52 million, resulting in -3.34% 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 C&G Savings Bank has shown is below average.



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. C&G Savings Bank has $128.36 million in assets with $19.12 million in equity, resulting in a capitalization level of 14.90%, which is excellent.

Institution Statistics

FDIC Certificate #30119
Year Established1939
Primary RegulatorFDIC
Assets and Liabilities
Assets$128.36 million
Loans$92.93 million
Deposits$101.83 million
Equity Capital$18.44 million
Loan Loss Allowance$681,000
Unbacked Noncurrent Loans$1.14 million
Real Estate Owned$68,000
Historic Data - March 2013
Assets$133.71 million
Equity Capital$18.26 million
Loan Loss Allowance$678,000
Unbacked Noncurrent Loans$1.14 million
Real Estate Owned$389,000
Profit Margin - Quarterly
Return on Assets0.39%
Return on Equity2.68%
Interest Income$1.17 million

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C&G Savings Bank Savings Account Rates

0.10%$100-Passbook Savings
0.10%$100-Statement Savings
0.10%--Christmas Club
0.10%--Vacation Club

C&G Savings Bank Money Market Rates

0.20%$100-Money Market Deposit Account (MMDA)

C&G Savings Bank Checking Account Rates

0.05%$500-Bonus Checking

C&G Savings Bank CD Rates

1.60%$1k-60 Month CD
1.60%$100-60 Month Health CD
1.50%$1k-48 Month CD
1.50%$100-48 Month Health CD
1.10%$1k-36 Month CD
1.10%$100-36 Month Health CD
0.85%$1k-30 Month CD
0.85%$100-30 Month Health CD
0.65%$1k-24 Month CD
0.65%$100-24 Month Health CD
0.45%$1k-18 Month CD
0.45%$100-18 Month Health CD
0.35%$100-18 Month Variable Rate Health CD
0.30%$1k-12 Month CD
0.30%$100-12 Month Health CD
0.25%$1k-182 Day CD
0.25%$100-182 Day Health CD
0.20%$1k-91 Day CD
0.20%$100-91 Day Health CD

C&G Savings Bank IRA Rates

1.60%$100-60 Month IRA
1.50%$100-48 Month IRA
1.10%$100-36 Month IRA
0.85%$100-30 Month IRA
0.65%$100-24 Month IRA
0.45%$100-18 Month IRA
0.35%$100-18 Month Variable Rate IRA
0.30%$100-12 Month IRA
0.25%$100-182 Day IRA
0.20%$100-91 Day IRA

C&G Savings Bank Locations
Gallitzin Branch117 Chestnut StreetGallitzin, PA 16641
C&g Savings Bank1201 12th StreetAltoona, PA 16601
Nanty Glo Branch1306 Shoemaker StreetNanty Glo, PA 15943
Altoona Branch3301 Pleasant Valley BoulevardAltoona, PA 16602
408 Allegheny Street Branch408 Allegheny StreetHollidaysburg, PA 16648
Patton Plaza Branch433 Railroad AvePatton, PA 16668