Civic Bank & Trust is headquartered in Nashville and is the 124th largest bank in the state of Tennessee. It is also the 3,843rd largest bank in the nation. It was established in 2005 and as of December of 2013, it had grown to 20 employees at 1 location. Civic Bank & Trust's savings rates are 3X the national average, and it has a B+ health rating.
My favorite bank is dropping its APR for deposits up to $30,000 to 2.47% - 2.5% APR effective December 6, 2012. Over $30,001 the rate remains at .50%.
Sorry to see this change. This bank, though very small, provides excellent service.
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 Civic Bank & Trust had $2.11 million in non-current loans and owned real-estate with $20.74 million in equity and loan loss allowances on hand to cover it. This gives Civic Bank & Trust a Texas Ratio of 10.19% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Civic Bank & Trust decreased dramatically from 14.70% as of December 31, 2012 to 10.19% as of December 31, 2013, resulting in a positive change of 30.64%.This indicates that the balance sheet and financial strength for Civic Bank & Trust has improved dramatically in recent periods.
In the past year, Civic Bank & Trust has decreased its total deposits by -$1.58 million, resulting in -1.42% 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 Civic Bank & Trust has shown is 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. Civic Bank & Trust has $142.79 million in assets with $20.74 million in equity, resulting in a capitalization level of 14.52%, which is excellent.
|FDIC Certificate #||58040|
|Assets and Liabilities|
|Equity Capital||$17.35 million|
|Loan Loss Allowance||$3.39 million|
|Real Estate Owned||$2.11 million|
|Historic Data - December 2012|
|Equity Capital||$18.32 million|
|Loan Loss Allowance||$3.80 million|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$2.81 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.75%|
|Return on Assets||1.05%|
|Return on Equity||8.16%|
|Interest Income||$6.01 million|
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|1.75%||-||$7,500||Civic Christmas Club|
|0.20%||-||-||Civic Statement Savings|
|0.60%||$500k||-||Civic Business Money Market|
|0.40%||$100k||-||Civic Premier Money Market|
|1.85%||-||$30k||Civic Elite Checking|
|0.45%||$100k||-||Civic WOW Checking|
|0.25%||$5k||-||Civic 50+ Checking|
|1.10%||$5k||-||4 Year CD|
|1.05%||$100k||-||3 Year Jumbo CD|
|0.95%||$5k||-||3 Year CD|
|0.90%||$100k||-||2 Year Jumbo CD|
|0.85%||$5k||-||2 Year CD|
|0.70%||$100k||-||1 Year Jumbo CD|
|0.65%||$5k||-||1 Year CD|
|0.50%||$100k||-||92 Day - 6 Month Jumbo CD|
|0.45%||$5k||-||92 Day - 6 Month CD|
|Civic Bank & Trust Locations|
|Civic Bank & Trust||3325 West End Avenue||Nashville, TN 37203|