Randolph Bank & Trust Company is headquartered in Asheboro and is the 39th largest bank in the state of North Carolina. It is also the 2,262nd largest bank in the nation. It was established in 1978 and as of September of 2013, it had grown to 84 employees at 7 locations. Randolph Bank & Trust Company's money market rates are 14% higher than the national average, but it has a C- health rating.
Randolph Bank is now offering an Online Only Fixed 36 month CD with $5000.00 min deposit at 2.05% APY...
Go to www.randolphbank.com
I have opened a rewards checking account online at Randolph Bank that pays 2.25% interest up to $25,000.00. It is open to certain states but worth looking into. The customer service is excellent. The best that I have had in many years. I didn't see this bank mentioned on your rewards checking page and thought that this was worth mentioning.
The hoops you have to jump through and the fees are getting to be problematic, especially as the reward checking interest rate continues to plummet. Not only does it require six $20 point-of-sale transactions and the monthly ACH, but with the $6 inactivity fee, it's like a hot potato. Finally, there is the online banking upgrade, which apparently is not going well, as the system is still not back online to date since the upgrade started on Friday, May 11th.
Sigh. There are other deals out there, and there are always mattresses . . .
"Effective January 1, 2011 - High interest earned and free nationwide ATM withdrawals when these qualifications are met in each statement cycle: receive monthly statement electronically; 6 point of sale transactions (minimum $20 each; ATM transactions not included); 1 Direct Deposit or 1 ACH Withdrawal. Minimum amount to open is $100. Limited to one account per social security number. Available to personal accounts only."
It will also impact exisiting accounts.
I have opened the rewards checking account online and it is paying an interest rate of 2.25% up to $25,000. It is open to certain states, but worth checking into. The customer service is excellent, the best that I have experienced in my many years of dealing with banks! I thought that this was worth mentioning since I didn't see it on the rewards checking account page.
Randolph Bank of Asheboro, North Carolina is now offering an Online Only 3 year CD at 2.05 APY with $5000.00 Minimum Deposit for NC,GA,FL,SC,TN and VA.
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, 2013 Randolph Bank & Trust Company had $7.28 million in non-current loans and owned real-estate with $15.97 million in equity and loan loss allowances on hand to cover it. This gives Randolph Bank & Trust Company a Texas Ratio of 45.58% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Randolph Bank & Trust Company held steady from 43.95% as of September 30, 2012 to 45.58% as of September 30, 2013, resulting in a negative change of 3.71%. This indicates that the balance sheet and financial strength for Randolph Bank & Trust Company has held steady in recent periods.
In the past year, Randolph Bank & Trust Company has decreased its total deposits by -$13.46 million, resulting in -4.91% 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 Randolph Bank & Trust Company has shown is below average.
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. Randolph Bank & Trust Company has $283.66 million in assets with $15.97 million in equity, resulting in a capitalization level of 5.63%, which is below average.
|FDIC Certificate #||22746|
|Assets and Liabilities|
|Equity Capital||$15.74 million|
|Loan Loss Allowance||$233,000|
|Unbacked Noncurrent Loans||$2.43 million|
|Real Estate Owned||$4.84 million|
|Historic Data - September 2012|
|Equity Capital||$25.21 million|
|Loan Loss Allowance||$3.50 million|
|Unbacked Noncurrent Loans||$2.43 million|
|Real Estate Owned||$6.76 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.71%|
|Return on Assets||-1.09%|
|Return on Equity||-13.89%|
|Interest Income||$8.15 million|
Always verify rates and promotions with the bank or credit union. We are not Randolph Bank & Trust Company, we are a rate comparison website and can not provide official rates or promotions.
|0.30%||$50k||-||Statement Savings Account|
|0.30%||$50k||-||Business Statement Savings Account|
|0.10%||-||-||Variable Rate IRA Savings|
|0.10%||-||-||Variable Rate SEP IRA Savings|
|0.50%||$250k||-||Premium Commercial Money Market Account|
|0.30%||$25k||-||Money Market Account|
|0.30%||$25k||-||Business Money Market Account|
|1.11%||$50k||-||60 Month Fixed Rate CD|
|1.11%||$50k||-||60 Month Fixed Rate CD - Business|
|0.90%||$50k||-||48 Month Fixed Rate CD|
|0.90%||$50k||-||48 Month Fixed Rate CD - Business|
|0.55%||$50k||-||36 Month Fixed Rate CD|
|0.55%||$50k||-||36 Month Fixed Rate CD - Business|
|0.55%||$10k||-||36 Month Select CD|
|0.40%||$50k||-||24 Month Fixed Rate CD|
|0.40%||$50k||-||24 Month Fixed Rate CD - Business|
|0.31%||-||-||36 Month CDARS|
|0.30%||$50k||-||12 Month Fixed Rate CD|
|0.30%||$50k||-||12 Month Fixed Rate CD - Business|
|0.22%||-||-||12 Month CDARS|
|0.22%||-||-||24 Month CDARS|
|0.20%||$50k||-||30 Day Fixed Rate CD|
|0.20%||$50k||-||91 Day Fixed Rate CD|
|0.20%||$50k||-||182 Day Fixed Rate CD|
|0.20%||$50k||-||30 Day Fixed Rate CD - Business|
|0.20%||$50k||-||91 Day Fixed Rate CD - Business|
|0.20%||$50k||-||182 Day Fixed Rate CD - Business|
|0.15%||-||-||4 Week CDARS|
|0.15%||-||-||13 Week CDARS|
|0.15%||-||-||182 Day CDARS|
|1.11%||$50k||-||60 Month Fixed Rate IRA|
|1.11%||$50k||-||60 Month Fixed Rate SEP IRA|
|0.90%||$50k||-||48 Month Fixed Rate IRA|
|0.90%||$50k||-||48 Month Fixed Rate SEP IRA|
|0.55%||$50k||-||36 Month Fixed Rate IRA|
|0.55%||$50k||-||36 Month Fixed Rate SEP IRA|
|0.40%||$50k||-||24 Month Fixed Rate IRA|
|0.40%||$50k||-||24 Month Fixed Rate SEP IRA|
|0.30%||$50k||-||12 Month Fixed Rate IRA|
|0.30%||$50k||-||12 Month Fixed Rate SEP IRA|
|Randolph Bank & Trust Company Locations|
|Mebane Branch||1008 Mebane Oaks Road||Mebane, NC 27302|
|West Naomi Street Branch||109 West Naomi Street||Randleman, NC 27317|
|Internet Banking Branch||146 E. Ward Street||Asheboro, NC 27203|
|Randolph Bank & Trust Company||175 North Fayetteville Street||Asheboro, NC 27203|
|Burlington Office||3239 South Church Street||Burlington, NC 27215|
|West Pointe Village Branch||415 North Carolina Highway 49 South||Asheboro, NC 27205|
|Dixie Drive Branch||854 East Dixie Drive||Asheboro, NC 27203|