County Bank (DE) is headquartered in Rehoboth Beach and is the 15st largest bank in the state of Delaware. It is also the 1,958th largest bank in the nation. It was established in 1990 and as of December of 2013, it had grown to 83 employees at 7 locations. County Bank (DE) has a B health rating.
Great Service
County Bank is a great little community bank. It is customer oriented and the staff is friendly and knowledgeable. Deposits are invested back into the community.
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 County Bank (DE) had $11.87 million in non-current loans and owned real-estate with $37.46 million in equity and loan loss allowances on hand to cover it. This gives County Bank (DE) a Texas Ratio of 31.69% 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 County Bank (DE) decreased slightly from 42.63% as of December 31, 2012 to 31.69% as of December 31, 2013, resulting in a positive change of 25.67%.This indicates that the balance sheet and financial strength for County Bank (DE) has improved slightly in recent periods.
Deposit Growth
In the past year, County Bank (DE) has decreased its total deposits by -$2.08 million, resulting in -0.71% 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 County Bank (DE) has shown is average.
Capitalization
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. County Bank (DE) has $333.08 million in assets with $37.46 million in equity, resulting in a capitalization level of 11.25%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 33009 |
| Year Established | 1990 |
| Employees | 83 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $333.08 million |
| Loans | $234.60 million |
| Deposits | $291.95 million |
| Equity Capital | $32.58 million |
| Loan Loss Allowance | $4.88 million |
| Unbacked Noncurrent Loans | $9.43 million |
| Real Estate Owned | $2.44 million |
| Historic Data - December 2012 | |
|---|---|
| Assets | $333.77 million |
| Equity Capital | $31.46 million |
| Loan Loss Allowance | $6.11 million |
| Unbacked Noncurrent Loans | $9.43 million |
| Real Estate Owned | $3.36 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.88% |
| Return on Assets | 0.43% |
| Return on Equity | 4.49% |
| Interest Income | $12.57 million |
Always verify rates and promotions with the bank or credit union. We are not County Bank (DE), we are a rate comparison website and can not provide official rates or promotions.
County Bank (DE) Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | - | - | Minor Savings Account | |
| 0.05% | - | - | Holiday Helper Savings Club | |
| 0.05% | - | - | County Savings Account |
County Bank (DE) Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.10% | - | - | Money Market Account |
County Bank (DE) Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | $500 | - | County Checking Account | |
| 0.05% | $500 | - | 50 Advantage Checking Account | |
| 0.05% | $500 | - | County PLUS Checking |
County Bank (DE) CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.35% | $500 | - | 60 Month Regular CD | |
| 0.35% | $99k | - | 60 Month Jumbo CD | |
| 0.25% | $500 | - | 48-59 Month Regular CD | |
| 0.25% | $99k | - | 48-59 Month Jumbo CD | |
| 0.10% | $99k | - | 24-35 Month Regular CD | |
| 0.10% | $500 | - | 36-47 Month Regular CD | |
| 0.10% | $99k | - | 24-35 Month Jumbo CD | |
| 0.10% | $99k | - | 36-47 Month Jumbo CD | |
| 0.05% | $500 | - | 30 Day Regular CD | |
| 0.05% | $500 | - | 90 Day Regular CD | |
| 0.05% | $500 | - | 182 Day Regular CD | |
| 0.05% | $500 | - | 12 Month Regular CD | |
| 0.05% | $500 | - | 13-23 Month Regular CD | |
| 0.05% | $99,900 | - | 13-23 Month Jumbo CD | |
| 0.05% | $99k | - | 30 Day Jumbo CD | |
| 0.05% | $99k | - | 90 Day Jumbo CD | |
| 0.05% | $99k | - | 182 Day Jumbo CD | |
| 0.05% | $99k | - | 12 Month Jumbo CD |
County Bank (DE) IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.35% | $500 | - | 60 Month Regular IRA | |
| 0.35% | $99k | - | 60 Month Jumbo IRA | |
| 0.25% | $500 | - | 48-59 Month Regular IRA | |
| 0.25% | $99k | - | 48-59 Month Jumbo IRA | |
| 0.10% | $500 | - | 24-35 Month Regular IRA | |
| 0.10% | $500 | - | 36-47 Month Regular IRA | |
| 0.10% | $99k | - | 24-35 Month Jumbo IRA | |
| 0.10% | $99k | - | 36-47 Month Jumbo IRA | |
| 0.05% | $500 | - | 13-23 Month Regular IRA | |
| 0.05% | $500 | - | 30 Day Regular IRA | |
| 0.05% | $500 | - | 90 Day Regular IRA | |
| 0.05% | $500 | - | 182 Day Regular IRA | |
| 0.05% | $500 | - | 12 Month Regular IRA | |
| 0.05% | $99k | - | 13-23 Month Jumbo IRA | |
| 0.05% | $99k | - | 30 Day Jumbo IRA | |
| 0.05% | $99k | - | 90 Day Jumbo IRA | |
| 0.05% | $99k | - | 182 Day Jumbo IRA | |
| 0.05% | $99k | - | 12 Month Jumbo IRA |
| County Bank (DE) Locations | ||
|---|---|---|
| Millville Branch | 10 Old Mill Road | Millville, DE 19967 |
| Milford Branch | 100 E Masten Circle | Milford, DE 19963 |
| Georgetown Branch | 13 North Bedford Street | Georgetown, DE 19947 |
| Milton Branch | 140 Broadhill Road | Milton, DE 19968 |
| Lewes Branch | 1609 Savannah Road | Lewes, DE 19958 |
| County Bank | 19927 Shuttle Road | Rehoboth Beach, DE 19971 |
| Long Neck Branch | 25933 School Lane | Millsboro, DE 19966 |