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Overview / Commentary
305 Main Street
Conneaut, OH 44030

Conneaut Savings Bank is headquartered in Conneaut and is the 169th largest bank in the state of Ohio. It is also the 5,158th largest bank in the nation. It was established in 1888 and as of March of 2014, it had grown to 20 employees at 3 locations. Conneaut Savings Bank has a C+ health rating.

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Data for Q1 2014

Institution Health

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


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 Conneaut Savings Bank had $806,000 in non-current loans and owned real-estate with $7.04 million in equity and loan loss allowances on hand to cover it. This gives Conneaut Savings Bank a Texas Ratio of 11.45% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Conneaut Savings Bank decreased dramatically from 16.71% as of March 31, 2013 to 11.45% as of March 31, 2014, resulting in a positive change of 31.46%.This indicates that the balance sheet and financial strength for Conneaut Savings Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Conneaut Savings Bank has decreased its total deposits by -$4.82 million, resulting in -6.71% 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.



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 $82.22 million in assets with $7.04 million in equity, resulting in a capitalization level of 8.56%, which is average.

Institution Statistics

FDIC Certificate #28677
Year Established1888
Primary RegulatorFDIC
Assets and Liabilities
Assets$82.22 million
Loans$53.57 million
Deposits$67.02 million
Equity Capital$6.70 million
Loan Loss Allowance$341,000
Unbacked Noncurrent Loans$643,000
Real Estate Owned$163,000
Historic Data - March 2013
Assets$88.13 million
Equity Capital$6.79 million
Loan Loss Allowance$338,000
Unbacked Noncurrent Loans$643,000
Real Estate Owned$368,000
Profit Margin - Quarterly
Net Interest Margin3.01%
Return on Assets0.24%
Return on Equity3%
Interest Income$706,000

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Conneaut Savings Bank Savings Account Rates

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

Conneaut Savings Bank Money Market Rates

0.25%$20k-Treasury Index Money Market Account

Conneaut Savings Bank Checking Account Rates

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

Conneaut Savings Bank CD Rates

1.05%$1k-60 Month CD
0.65%$1k-48 Month CD
0.45%$1k-36 Month CD
0.35%$1k-30 Month CD
0.30%$1k-24 Month CD
0.25%$1k-15 Month CD
0.25%$1k-18 Month CD
0.20%$1k-12 Month CD
0.20%$1k-13 Month CD
0.10%$1k-3 Month CD
0.10%$1k-5 Month CD
0.10%$1k-6 Month CD
0.10%$1k-8 Month CD
0.10%$1k-10 Month CD

Conneaut Savings Bank IRA Rates

1.05%$1k-60 Month IRA
0.65%$1k-48 Month IRA
0.35%$1k-30 Month IRA
0.25%$1k-18 Month IRA
0.10%$50-6 Month IRA
0.10%$1k-10 Month IRA

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