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Overview / Commentary
888-453-2311
305 Main Street
Conneaut, OH 44030

Conneaut Savings Bank is headquartered in Conneaut and is the 170th largest bank in the state of Ohio. It is also the 5,160th largest bank in the nation. It was established in 1888 and as of December of 2013, it had grown to 21 employees at 3 locations. Conneaut Savings Bank has a B health rating.

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Health

Data for Q4 2013

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Conneaut Savings Bank has a relatively low asset base.

Texas Ratio

GRADE:
A

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 Conneaut Savings Bank had $718,000 in non-current loans and owned real-estate with $6.75 million in equity and loan loss allowances on hand to cover it. This gives Conneaut Savings Bank a Texas Ratio of 10.63% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Conneaut Savings Bank decreased dramatically from 19.76% as of December 31, 2012 to 10.63% as of December 31, 2013, resulting in a positive change of 46.19%.This indicates that the balance sheet and financial strength for Conneaut Savings Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Conneaut Savings Bank has decreased its total deposits by -$2.98 million, resulting in -4.19% 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 Conneaut Savings Bank has shown is below average.

Capitalization

GRADE:
C

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. Conneaut Savings Bank has $83.17 million in assets with $6.75 million in equity, resulting in a capitalization level of 8.12%, which is average.

Institution Statistics

Overall
FDIC Certificate #28677
Year Established1888
Employees21
Primary RegulatorFDIC
Assets and Liabilities
Assets$83.17 million
Loans$54.20 million
Deposits$68.22 million
Equity Capital$6.38 million
Loan Loss Allowance$369,000
Unbacked Noncurrent Loans$570,000
Real Estate Owned$148,000
Historic Data - December 2012
Assets$87.75 million
Equity Capital$6.78 million
Loan Loss Allowance$332,000
Unbacked Noncurrent Loans$570,000
Real Estate Owned$441,000
Profit Margin - Quarterly
Net Interest Margin2.99%
Return on Assets0.28%
Return on Equity3.68%
Interest Income$2.99 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Conneaut Savings Bank, we are a rate comparison website and can not provide official rates or promotions.

Conneaut Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$1k-Interest Plus Savings Account
0.10%--Regular Passbook Savings Account
0.05%--Statement Savings Account

Conneaut Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$20k-Treasury Index Money Market Account

Conneaut Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Regular NOW Account
0.05%$1k-Super NOW Account

Conneaut Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-60 Month CD
0.65%$1k-48 Month CD
0.50%$1k-36 Month CD
0.30%$1k-24 Month CD
0.30%$1k-30 Month CD
0.25%$1k-15 Month CD
0.25%$1k-18 Month CD
0.20%$1k-3 Month CD
0.20%$1k-5 Month CD
0.20%$1k-6 Month CD
0.20%$1k-8 Month CD
0.20%$1k-10 Month CD
0.20%$1k-12 Month CD
0.20%$1k-13 Month CD

Conneaut Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-60 Month IRA
0.65%$1k-48 Month IRA
0.30%$1k-30 Month IRA
0.25%$1k-18 Month IRA
0.20%$50-6 Month IRA
0.20%$1k-10 Month IRA
Locations


Conneaut Savings Bank Locations
Girard Pa Branch110 West Main StreetGirard, PA 16417
Austinburg Branch2046 State Route 45Austinburg, OH 44010
Conneaut Savings Bank305 Main StreetConneaut, OH 44030