Average User Rating:
3 star rating based on 2 reviews.

Countybank

419 Main Street
Greenwood, SC 29646
864-942-1500
www.ecountybank.com

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Countybank is headquartered in Greenwood and is the 34^th largest bank in the state of South Carolina. It is also the 2,078^th largest bank in the nation. It was established in 1933 and as of September of 2011, it had grown to 139 employees at 8 locations. Countybank's savings rates are 58% higher than the national average, and it has a 3-star health rating.

Countybank Routing Number: 053206819

Rate Change For Out Of State Accounts (Forum) - 6/11/2010

Got this today: Dear Kasasa Customer, When we began our Kasasa roll-out in the spring of last year, we were unsure of the response our program would generate from outside our local communities in South Carolina. We also priced the account anticip

Countybank Cuts Its Reward Checking Rate to 4.01% and Reduces Availability (Forum) - 1/29/2010

Countybank lowered its reward checking account rate from 4.75% to 4.01% APY. Also, its online application is now only accepting zip codes from South Carolina. I first reported on Countybank in May 2009. At that time it was offering 4.75% APY nationwide. T

4.01% Reward Checking Account at Countybank in SC - 5/4/2009

Update 8/08/09: Countybank is no longer accepting applications from most states.Countybank is offering a reward checking account called Kasasa Cash. The account offers the following rates and features if certain monthly requirements are met:4.75% APY on...

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See Rates for: Checking | Savings | Money Market | CD

Countybank Checking Account Rates

Apy	Min	Max	Product
1.42%	-	$15k	Kasasa Cash
0.05%	$200k	-	Preferred Index Checking
0.02%	$1k	-	Analyzed Business Interest Checking
0.01%	$1k	-	Interest Checking
0.01%	$300	-	Free 50 Checking
0.01%	$1k	-	Preferred 50 Checking
0.01%	$5k	-	Preferred Checking
0.01%	$1k	-	Free Business Interest Checking

Countybank Savings Account Rates

Apy	Min	Max	Product
0.82%	-	$50k	Kasasa Saver
0.03%	$200	-	Classic Savings
0.03%	$25	-	Youth Savings

Countybank Money Market Rates

Apy	Min	Max	Product
0.05%	$100k	-	Investment Money Market
0.05%	$100k	-	Preferred Index Money Market
0.03%	$50k	-	Value Plus Money Market
0.02%	$1k	-	HSA Money Market

Countybank CD Rates

Apy	Min	Max	Product
0.92%	$1k	-	60 Month CD
0.65%	$1k	-	48 Month CD
0.41%	$1k	-	36 Month CD
0.21%	$1k	-	30 Month CD
0.20%	$1k	-	24 Month CD
0.12%	$1k	-	18 Month CD
0.10%	$1k	-	12 Month CD
0.07%	$1k	-	9 Month CD
0.05%	$1k	-	6 Month CD
0.03%	$1k	-	3 Month CD
0.01%	$1k	-	1 Month CD

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

Countybank
FDIC Certificate #	9155
BankRate Report	View
Year Established	1933
Employees	139
Primary Regulator	FDIC
Assets and Liabilities
Assets	$312.54 million
Loans	$176.10 million
Deposits	$236.47 million
Equity Capital	$27.60 million
Loan Loss Allowance	$3.12 million
Unbacked Noncurrent Loans	$7.33 million
Real Estate Owned	$2.10 million
Historic Data - September 2010
Assets	$285.84 million
Equity Capital	$23.54 million
Loan Loss Allowance	$2.92 million
Unbacked Noncurrent Loans	$3.70 million
Real Estate Owned	$4.29 million
Profit Margin - Quarterly
Net Interest Margin	3.82%
Return on Assets	-0.17%
Return on Equity	-2.2%
Interest Income	$8.93 million

Institution Health

Overall Score:

3 out of 5

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 September 30, 2011 Countybank had $9.43 million in non-current loans and owned real-estate with $30.72 million in equity and loan loss allowances on hand to cover it. This gives Countybank a Texas Ratio of 30.69% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Countybank held steady from 30.19% as of September 30, 2010 to 30.69% as of September 30, 2011, resulting in a negative change of 1.68%. This indicates that the balance sheet and financial strength for Countybank has held steady in recent periods.
Deposit Growth
In the past year, Countybank has increased its total deposits by $40.14 million, resulting in 20.45% 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 Countybank has shown is excellent.
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. Countybank has $312.54 million in assets with $30.72 million in equity, resulting in a capitalization level of 9.83%, which is average.

The Maximum Has Been Reduced To $15
2 stars

- Anonymous - Wednesday, April 14, 2010 - 12:06 AM

The maximum has been reduced to $15,000 (from $25,000) effective (for existing customers) 4/15/10.

Kasasa With Countybank
4 stars

- Anonymous - Thursday, August 5, 2010 - 7:29 PM

Had a Kasasa account with these guys until recently. Must've opened just a week or two before they stopped doing nationwide availability. The 15k rate cap and drop from 4.75 to 4.0 wasn't too bad, but a month or two ago they dropped their out-of-state rate to 0.75 so I'm not using them any more.

Countybank

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