Institution Statistics
| Drummond Community Bank | | FDIC Certificate # | 32737 | | BankRate Report | View | | Year Established | 1990 | | Employees | 67 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $196.40 million | | Loans | $96.61 million | | Deposits | $144.33 million | | Equity Capital | $37.18 million | | Loan Loss Allowance | $3.20 million | | Unbacked Noncurrent Loans | $2.23 million | | Real Estate Owned | $1.26 million |
Historic Data - March 2011 | | Assets | $193.15 million | | Equity Capital | $31.50 million | | Loan Loss Allowance | $2.53 million | | Unbacked Noncurrent Loans | $1.33 million | | Real Estate Owned | $409,000 |
Profit Margin - Quarterly | | Net Interest Margin | 5.69% | | Return on Assets | 1.83% | | Return on Equity | 9.85% | | Interest Income | $2.72 million |
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Institution Health
Overall Score:
4 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 March 31, 2012 Drummond Community Bank had $3.48 million in non-current loans and owned real-estate with $40.39 million in equity and loan loss allowances on hand to cover it. This gives Drummond Community Bank a Texas Ratio of 8.63% 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 Drummond Community Bank held steady from 5.12% as of March 31, 2011 to 8.63% as of March 31, 2012, resulting in a negative change of 68.48%. This indicates that the balance sheet and financial strength for Drummond Community Bank has held steady in recent periods. | | Deposit Growth |  | | In the past year, Drummond Community Bank has decreased its total deposits by -$6.65 million, resulting in -4.4% 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 Drummond Community 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. Drummond Community Bank has $196.4 million in assets with $40.39 million in equity, resulting in a capitalization level of 20.56%, which is excellent. |
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Average User Rating:
Don't Bank Here.
I have never disliked a bank as much as Drummond Bank. Usually you would assume that national banks like PNC or Wells Fargo would be rude or snotty towards their customers but, surprisingly, Drummond Bank treats their customers rudely. First of all, I wanted to open another savings account and I got a rude reception of why I HAD to open another savings account and the reasoning. That is none of their business, they should be helpful and nice and make this happen. After all, I am a customer and wanted to open up another account with them. After that I deposited a large sum of money into one of my accounts and I got in trouble because my channge was not rolled. The bank tellers job is to count money and put it in the appropriate account. It is not the customers task to do the tellers job, which they get paid for. Also, whenever I would go through the drive thru to deposit money it would take them over ten minutes. I had to watch other cars drive up and complete their business after me while I waited. That was the last straw and decided to switch. I started closing one account after the other. The first saving account I closed down and withdrew my money, which the bank teller did for me, of course. Within one day I received a letter stating that I owed them one penny on the account that I just closed. Of course I didn't so I went to the nearest branch and told them this letter was a mistake. Of course I got a snarky attitude from the bank teller and then I told her I wanted to close my other savings account. Again, I received a letter stating I owed them 13 cents from the other account I just closed out. I decided to call the main branch and talk to someone about this issue. I got transferred immediately but instead of being able to talk to someone I got an answering machine. I left a message and am still waiitng to receive a phone call from Drummond Bank. You would think this bank would be a family environment with friendly faces but that is not the case, at all. They have attitudes and make the customers feel like they are being a nuisance whenever they are depositing or withdrawing money. The best thing is to go to another bank. That is my suggestion.