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Overview / Commentary
800-472-6250
10800 Kinsman Road
Newbury, OH 44065

Geauga Savings Bank is headquartered in Newbury and is the 57th largest bank in the state of Ohio. It is also the 1,773rd largest bank in the nation. It was established in 1983 and as of December of 2013, it had grown to 44 employees at 1 location. Geauga Savings Bank's savings rates are 35% higher than the national average, and it has a C+ health rating.

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Reviews (1)

FEES TO GET YOUR MONEY OUT

they did not have cash for a savings withdraw so they charged me for a check ! the date was 1-30-03. GREED! JIM P.



Health

Data for Q4 2013

Institution Health

C+

Texas Ratio

GRADE:
C

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 Geauga Savings Bank had $19.89 million in non-current loans and owned real-estate with $47.01 million in equity and loan loss allowances on hand to cover it. This gives Geauga Savings Bank a Texas Ratio of 42.30% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Geauga Savings Bank experienced no significant changes from 46.39% as of December 31, 2012 to 42.30% as of December 31, 2013, resulting in a positive change of 8.81%.This indicates that the balance sheet and financial strength for Geauga Savings Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Geauga Savings Bank has decreased its total deposits by -$7.22 million, resulting in -3.13% 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 Geauga Savings Bank has shown is below average.

Capitalization

GRADE:
A+

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. Geauga Savings Bank has $369.3 million in assets with $47.01 million in equity, resulting in a capitalization level of 12.73%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #32287
Year Established1983
Employees44
Primary RegulatorFDIC
Assets and Liabilities
Assets$369.30 million
Loans$173.43 million
Deposits$223.72 million
Equity Capital$41.96 million
Loan Loss Allowance$5.05 million
Unbacked Noncurrent Loans$17.58 million
Real Estate Owned$2.30 million
Historic Data - December 2012
Assets$392.41 million
Equity Capital$44.86 million
Loan Loss Allowance$5.85 million
Unbacked Noncurrent Loans$17.58 million
Real Estate Owned$4.06 million
Profit Margin - Quarterly
Net Interest Margin2.49%
Return on Assets-0.22%
Return on Equity-1.96%
Interest Income$13.50 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Geauga Savings Bank, we are a rate comparison website and can not provide official rates or promotions.

Geauga Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.70%$50k-High Yield Savings
0.10%$100-Statement Savings
0.10%--HSA Serious Savers

Geauga Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$10k-Money Market Account

Geauga Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$500-Super Checking
0.25%$2k-Advantage Direct Checking

Geauga Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.60%$1k-60 Month CD
1.40%$1k-48 Month CD
1.20%$1k-36 Month CD
1.10%$1k-30 Month CD
0.80%$1k-18 Month CD
0.75%$1k-6 Month CD
0.70%$1k-24 Month CD
0.35%$1k-12 Month CD
0.25%$1k-9 Month CD
0.15%$1k-3 Month CD

Geauga Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.60%--60 Month IRA (Traditional,Roth,SEP,SIMPLE,CESA)
1.40%--48 Month IRA (Traditional,Roth,SEP,SIMPLE,CESA)
1.20%--36 Month IRA (Traditional,Roth,SEP,SIMPLE,CESA)
1.10%--30 Month IRA (Traditional,Roth,SEP,SIMPLE,CESA)
0.80%--18 Month IRA (Traditional,Roth,SEP,SIMPLE,CESA)
0.75%--6 Month IRA (Traditional,Roth,SEP,SIMPLE,CESA)
0.70%--24 Month IRA (Traditional,Roth,SEP,SIMPLE,CESA)
0.35%--12 Month IRA (Traditional,Roth,SEP,SIMPLE,CESA)
0.25%--9 Month IRA (Traditional,Roth,SEP,SIMPLE,CESA)
0.15%--3 Month IRA (Traditional,Roth,SEP,SIMPLE,CESA)
Locations


Geauga Savings Bank Locations
Geauga Savings Bank10800 Kinsman RoadNewbury, OH 44065