Passumpsic Savings Bank

497 Railroad St.
St. Johnsbury, VT 05819
(800) 370-3196
www.passumpsicbank.com

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Passumpsic Savings Bank is headquartered in St. Johnsbury and is the 3^rd largest bank in the state of Vermont. It is also the 1,158^th largest bank in the nation. It was established in 1853 and as of September of 2011, it had grown to 171 employees at 12 locations. Passumpsic Savings Bank has a 3-star health rating.

2.55% Reward Checking Account at a VT/NH Bank (Passumpsic Savings) - 6/1/2008

Update 4/18/09: The top yield has fallen to 2.55% APY. See the bottom of the post for the rate history.Passumpsic Savings Bank is offering a reward checking account that pays 2.55% APY on balances up to $25,000 (0.40% for above) and refunds ATM fees (up...

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

Passumpsic Savings Bank Checking Account Rates

Apy	Min	Max	Product
1.25%	-	$25k	Reward Checking
0.25%	$15k	-	Health Savings Account Checking
0.05%	-	-	Bonus Benefits Checking Accounts
0.05%	$500	-	Partnership Banking Checking
0.05%	-	-	Premium Plus Checking Account

Passumpsic Savings Bank Savings Account Rates

Apy	Min	Max	Product
0.30%	-	-	Savers Club
0.30%	$50k	-	Non-Profit Plus
0.20%	-	-	Youth Statement Savings
0.10%	$25	-	IRA Savings
0.10%	$50	-	Statement Savings
0.10%	$10k	-	Partnership Banking Account
0.10%	$25	-	SEP Savings

Passumpsic Savings Bank Money Market Rates

	Apy	Min	Max	Product
	0.40%	$100k	-	Money Market Account

Passumpsic Savings Bank CD Rates

Apy	Min	Max	Product
1.70%	$500	-	5 Year CD
1.30%	$500	-	4 Year CD
1.00%	$500	-	3 Year CD
0.75%	$500	-	2 Year CD
0.45%	$500	-	1 Year CD
0.30%	$500	-	6 Month CD
0.30%	$75	-	Youth 6 Month CD
0.25%	$500	-	3 Month CD

Passumpsic Savings Bank IRA Rates

Apy	Min	Max	Product
1.70%	$500	-	5 Year IRA
1.70%	$500	-	5 Year Roth IRA
1.70%	$500	-	5 Year CESA
1.70%	$500	-	5 Year SEP IRA
1.30%	$500	-	4 Year IRA
1.30%	$500	-	4 Year Roth IRA
1.30%	$500	-	4 Year CESA
1.30%	$500	-	4 Year SEP IRA
1.00%	$500	-	3 Year IRA
1.00%	$500	-	3 Year Roth IRA
1.00%	$500	-	3 Year CESA
1.00%	$500	-	3 Year SEP IRA
0.75%	$500	-	2 Year IRA
0.75%	$500	-	2 Year Roth IRA
0.75%	$500	-	2 Year CESA
0.75%	$500	-	2 Year SEP IRA
0.45%	$500	-	1 Year IRA
0.45%	$500	-	1 Year Roth IRA
0.45%	$500	-	1 Year CESA
0.45%	$500	-	1 Year SEP IRA
0.30%	$500	-	6 Month IRA
0.30%	$500	-	6 Month Roth IRA
0.30%	$500	-	6 Month CESA
0.30%	$500	-	6 Month SEP IRA
0.25%	$500	-	3 Month IRA
0.25%	$500	-	3 Month Roth IRA
0.25%	$500	-	3 Month CESA
0.25%	$500	-	3 Month SEP IRA

Rates updated: 2/11/2012 * Not all products updated

Data for Q3 2011

Institution Statistics

Passumpsic Savings Bank
FDIC Certificate #	14134
BankRate Report	View
Year Established	1853
Employees	171
Primary Regulator	FDIC
Assets and Liabilities
Assets	$577.73 million
Loans	$436.22 million
Deposits	$466.06 million
Equity Capital	$59.34 million
Loan Loss Allowance	$9.12 million
Unbacked Noncurrent Loans	$13.52 million
Real Estate Owned	$827,000
Historic Data - September 2010
Assets	$575.95 million
Equity Capital	$59.51 million
Loan Loss Allowance	$5.34 million
Unbacked Noncurrent Loans	$4.16 million
Real Estate Owned	$1.00 million
Profit Margin - Quarterly
Net Interest Margin	3.98%
Return on Assets	-0.25%
Return on Equity	-2.33%
Interest Income	$18.95 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 Passumpsic Savings Bank had $14.35 million in non-current loans and owned real-estate with $68.46 million in equity and loan loss allowances on hand to cover it. This gives Passumpsic Savings Bank a Texas Ratio of 20.96% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Passumpsic Savings Bank increased slightly from 4.57% as of September 30, 2010 to 20.96% as of September 30, 2011, resulting in a negative change of 358.99%. This indicates that the balance sheet and financial strength for Passumpsic Savings Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Passumpsic Savings Bank has increased its total deposits by $4.73 million, resulting in 1.02% 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 Passumpsic Savings Bank has shown is above 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. Passumpsic Savings Bank has $577.73 million in assets with $68.46 million in equity, resulting in a capitalization level of 11.85%, which is above average.