Glasgow Savings Bank

Glasgow Savings Bank is headquartered in Glasgow and is the 319^st largest bank in the state of Missouri. It is also the 7,152^nd largest bank in the nation. It was established in 1852 and as of September of 2011, it had grown to 7 employees at 1 location. Glasgow Savings Bank has a 2-star health rating.

Glasgow Savings Bank Routing Number: 101904212

Glasgow Savings Bank Checking Account Rates

Glasgow Savings Bank Savings Account Rates

Glasgow Savings Bank CD Rates

Glasgow Savings Bank IRA Rates

Data for Q3 2011

Institution Statistics Glasgow Savings Bank FDIC Certificate # 1056 BankRate Report View Year Established 1852 Employees 7 Primary Regulator FDIC Assets and Liabilities Assets $25.56 million Loans $17.80 million Deposits $24.03 million Equity Capital $1.44 million Loan Loss Allowance $914,000 Unbacked Noncurrent Loans $1.38 million Real Estate Owned $274,000 Historic Data - September 2010 Assets $35.61 million Equity Capital $4.56 million Loan Loss Allowance $632,000 Unbacked Noncurrent Loans $1.41 million Real Estate Owned $426,000 Profit Margin - Quarterly Net Interest Margin 3.76% Return on Assets -2.17% Return on Equity -37.6% Interest Income $970,000

Institution Health Overall Score: 2 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 Glasgow Savings Bank had $1.65 million in non-current loans and owned real-estate with $2.35 million in equity and loan loss allowances on hand to cover it. This gives Glasgow Savings Bank a Texas Ratio of 70.23% 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 Glasgow Savings Bank increased slightly from 35.38% as of September 30, 2010 to 70.23% as of September 30, 2011, resulting in a negative change of 98.51%. This indicates that the balance sheet and financial strength for Glasgow Savings Bank has declined slightly in recent periods. Deposit Growth In the past year, Glasgow Savings Bank has decreased its total deposits by -$6.93 million, resulting in -22.39% 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 Glasgow Savings Bank has shown is poor. 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. Glasgow Savings Bank has $25.56 million in assets with $2.35 million in equity, resulting in a capitalization level of 9.20%, which is average.

No reviews have been left for this bank yet. Be the first to review.