Since 1888, when Cross County Federal Savings Bank was first founded, customer satisfaction has been the driving force behind all they do. It is the foundation upon which Cross County Federal Savings Bank was built, and remains who they are today.
Respecting the individual financial goal of their customers, by way of providing products and services customized to suit those needs, awards them with leadership in the communities they service; communities they are proud to serve and be a part of.
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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 Cross County Savings Bank had $2.45 million in non-current loans and owned real-estate with $39.66 million in equity and loan loss allowances on hand to cover it. This gives Cross County Savings Bank a Texas Ratio of 6.18% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Cross County Savings Bank experienced no significant changes from 4.51% as of December 31, 2012 to 6.18% as of December 31, 2013, resulting in a negative change of 37.10%. This indicates that the balance sheet and financial strength for Cross County Savings Bank has had no significant changes in recent periods.
Deposit Growth
In the past year, Cross County Savings Bank has decreased its total deposits by -$14.61 million, resulting in -3.9% 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 Cross County Savings Bank has shown is below 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. Cross County Savings Bank has $400.27 million in assets with $39.66 million in equity, resulting in a capitalization level of 9.91%, which is above average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 30260 |
| Year Established | 1888 |
| Employees | 78 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $400.27 million |
| Loans | $258.41 million |
| Deposits | $359.61 million |
| Equity Capital | $38.31 million |
| Loan Loss Allowance | $1.35 million |
| Unbacked Noncurrent Loans | $2.11 million |
| Real Estate Owned | $341,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $415.73 million |
| Equity Capital | $38.16 million |
| Loan Loss Allowance | $1.40 million |
| Unbacked Noncurrent Loans | $2.11 million |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.67% |
| Return on Assets | 0.6% |
| Return on Equity | 6.46% |
| Interest Income | $15.07 million |
Always verify rates and promotions with the bank or credit union. We are not Cross County Savings Bank, we are a rate comparison website and can not provide official rates or promotions.
Cross County Savings Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | - | - | Savings | |
| 0.20% | - | - | Holiday Club |
Cross County Savings Bank Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | $15k | - | Platinum Money Market | |
| 0.30% | $75k | - | Money Market Account |
Cross County Savings Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.40% | $7,500 | - | Preferred Checking | |
| 0.05% | - | - | Interest Checking |
Cross County Savings Bank CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.40% | $500 | - | 60 Month CD | |
| 1.00% | $500 | - | 48 Month CD | |
| 0.95% | $500 | - | 36 Month CD | |
| 0.85% | $500 | - | 30 Month CD | |
| 0.75% | $500 | - | 24 Month CD | |
| 0.60% | $500 | - | 18 Month CD | |
| 0.40% | $500 | - | 12 Month CD | |
| 0.40% | $500 | - | 14 Month CD | |
| 0.25% | $500 | - | 6 Month CD | |
| 0.25% | $500 | - | 7 Month CD | |
| 0.25% | $500 | - | 8 Month CD | |
| 0.25% | $500 | - | 9 Month CD | |
| 0.25% | $500 | - | 10 Month CD | |
| 0.20% | $500 | - | 3 Month CD |
Cross County Savings Bank IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.40% | $500 | - | 60 Month IRA | |
| 1.00% | $500 | - | 48 Month IRA | |
| 0.95% | $500 | - | 36 Month IRA | |
| 0.85% | $500 | - | 30 Month IRA | |
| 0.75% | $500 | - | 24 Month IRA | |
| 0.60% | $500 | - | 18 Month IRA | |
| 0.40% | $500 | - | 12 Month IRA | |
| 0.40% | $500 | - | 14 Month IRA | |
| 0.25% | $500 | - | 6 Month IRA | |
| 0.25% | $500 | - | 7 Month IRA | |
| 0.25% | $500 | - | 8 Month IRA | |
| 0.25% | $500 | - | 9 Month IRA | |
| 0.25% | $500 | - | 10 Month IRA | |
| 0.20% | $500 | - | 3 Month IRA | |
| 0.13% | $100 | - | 18 Month Variable Rate IRA |
| Cross County Savings Bank Locations | ||
|---|---|---|
| Bedford Branch | 175 Bedford Avenue | Brooklyn, NY 11211 |
| Belle Harbor Branch | 455 Beach 129th Street | Belle Harbor, NY 11694 |
| Maspeth Branch | 60-20 Fresh Pond Road | Maspeth, NY 11378 |
| Kings Branch | 731 Metropolitan Ave. | Brooklyn, NY 11211 |
| Cross County Savings Bank | 79-21 Metropolitan Avenue | Middle Village, NY 11379 |
| Van Nest Branch | 791 Morris Park Ave | Bronx, NY 10462 |
| Eliot Branch | 80-10 Eliot Avenue | Middle Village, NY 11379 |