4.5 star ratingAverage User Rating:
4.5 star rating based on 4 reviews.

Randolph Bank & Trust Company

Randolph Bank & Trust Company Locations
175 North Fayetteville Street
Asheboro, NC 27203
336-625-1000
www.randolphbank.com

FDIC

Randolph Bank & Trust Company is headquartered in Asheboro and is the 41st largest bank in the state of North Carolina. It is also the 2,202nd largest bank in the nation. It was established in 1978 and as of December of 2012, it had grown to 82 employees at 7 locations. Randolph Bank & Trust Company's savings rates are 15% higher than the national average, and it has a 3-star health rating.

Related Posts

5-Year CD Rate Special at Randolph Bank & Trust Company in North Carolina - 10/4/2012

Randolph Bank & Trust Company is listing a 5-year CD special with a 2.02% APY. Minimum deposit is $5,000, and the maximum deposit is $100,000. There are shorter-term CD specials listed but these rates ...

Randolph Dropped APY From 2.24% To 2.02% On 7/1 (Forum) - 7/9/2012

I just noticed on the Randolph web site that the rate had lowered the rate to 2.02% without notifying customers. The cap remains at $25K. I looked at the Deposit Accounts list of RCAs and the lower rate is indicated there. Randolph is one of the banks I h

Monthly Service Charge For Rewards Checking (Forum) - 1/11/2012

Starting February 1, there is going to be a $6 fee, if the requirements are not met.

Deposit Accounts Says That Randolph Dropping APY To 2.25% (Forum) - 9/18/2011

I received an email alert from Deposit Accounts on September 14 that Randolph was dropping their APY from from 2.5% to 2.25% (with the cap remaning at $25K).  The 2.25% rate is also included in the list of RCAs.  Yet Randolph's site says the rat

2011

2010




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

Randolph Bank & Trust Company Checking Account Rates

ApyMinMaxProduct
1.51%-$25kExtra-Mile Choice Checking
0.65%--IOLTA
0.20%$50k-Reward Checking

Randolph Bank & Trust Company Savings Account Rates

ApyMinMaxProduct
0.60%$50-Smart Online Savings
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

Randolph Bank & Trust Company Money Market Rates

ApyMinMaxProduct
0.50%$250k-Premium Commercial Money Market Account
0.30%$25k-Money Market Account
0.30%$25k-Business Money Market Account

Randolph Bank & Trust Company CD Rates

ApyMinMaxProduct
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
0.70%$5k-36 Month Online CD
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

Randolph Bank & Trust Company IRA Rates

ApyMinMaxProduct
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

Rates updated: 5/21/2013

Data for Q4 2012


Institution Statistics


Randolph Bank & Trust Company
FDIC Certificate #22746
BankRate ReportView
Year Established1978
Employees82
Primary RegulatorFDIC

Assets and Liabilities

Assets$295.88 million
Loans$174.93 million
Deposits$263.16 million
Equity Capital$25.77 million
Loan Loss Allowance$3.46 million
Unbacked Noncurrent Loans$4.79 million
Real Estate Owned$6.76 million

Historic Data - December 2011

Assets$288.59 million
Equity Capital$24.99 million
Loan Loss Allowance$3.16 million
Unbacked Noncurrent Loans$1.69 million
Real Estate Owned$9.45 million

Profit Margin - Quarterly

Net Interest Margin3.79%
Return on Assets0.06%
Return on Equity0.71%
Interest Income$12.10 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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, 2012 Randolph Bank & Trust Company had $11.54 million in non-current loans and owned real-estate with $29.23 million in equity and loan loss allowances on hand to cover it. This gives Randolph Bank & Trust Company a Texas Ratio of 39.49% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Randolph Bank & Trust Company held steady from 39.57% as of December 31, 2011 to 39.49% as of December 31, 2012, resulting in a positive change of 0.20%.This indicates that the balance sheet and financial strength for Randolph Bank & Trust Company has held steady in recent periods.
Deposit Growth4
In the past year, Randolph Bank & Trust Company has increased its total deposits by $8.77 million, resulting in 3.45% 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 above average.
Capitalization3
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 $295.88 million in assets with $29.23 million in equity, resulting in a capitalization level of 9.88%, which is average.
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Randolph Bank New Online 36 Month CD
5 stars - JasonLee - Tuesday, August 30, 2011 - 9:55 AM

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

 

7

Rewards Checking Account
5 stars - Deals63 - Saturday, November 12, 2011 - 2:06 PM

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.

4

Going Downhill As A Deal
3 stars - ncpiggybank - Monday, May 14, 2012 - 4:31 PM

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 . . .

3

Seems That The Requirements Are Changing In 2011
5 stars - etilyeti - Monday, December 6, 2010 - 2:58 PM

"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.

3
 
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