5 star ratingAverage User Rating:
5 star rating based on 3 reviews.

Randolph Bank & Trust Company

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



Randolph Bank & Trust Company is headquartered in Asheboro and is the 48th largest bank in the state of North Carolina. It is also the 2,222nd largest bank in the nation. It was established in 1978 and as of September of 2011, it had grown to 99 employees at 7 locations. Randolph Bank & Trust Company's savings rates are 94% higher than the national average, and it has a 3-star health rating.

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

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Top 3-Year CD Rate at Randolph Bank - Available in NC, SC, GA, VA, TN & FL - 8/31/2011

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New High-Yield Savings Account at Randolph Bank Available in Many Southeast States - 4/25/2011

Randolph Bank became popular last year when they launched a nationally available reward checking account called Extra-Mile Choice Checking with a yield of 4.75%. Unfortunately, the availability and th ...

2010




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

Randolph Bank & Trust Company Checking Account Rates

ApyMinMaxProduct
2.25%-$25kExtra-Mile Choice Checking
0.65%--IOLTA
0.20%$50k-Extra-Mile Reward Checking

Randolph Bank & Trust Company Savings Account Rates

ApyMinMaxProduct
1.01%$50-Smart Online Savings
0.35%$50k-Statement Savings Account
0.35%$50k-Statement Savings Account - Business
0.20%--Vacation Club Account
0.20%--Vacation Club - Business

Randolph Bank & Trust Company Money Market Rates

ApyMinMaxProduct
1.26%$250k-Premium Commercial Money Market Account
0.70%$100k-Money Market Account
0.70%$100k-Money Market Account - Business

Randolph Bank & Trust Company CD Rates

ApyMinMaxProduct
1.31%$5k-36 Month Online CD
1.30%$50k-60 Month Fixed Rate CD
1.30%$50k-60 Month Fixed Rate CD - Business
1.21%$50k-48 Month Fixed Rate CD
1.21%$50k-48 Month Fixed Rate CD - Business
1.16%$50k-36 Month Fixed Rate CD
1.16%$50k-36 Month Fixed Rate CD - Business
1.11%$10k-36 Month Select CD
0.91%--36 Month CDARS
0.89%$50k-24 Month Fixed Rate CD
0.89%$50k-24 Month Fixed Rate CD - Business
0.75%$5k$100k15 Month CD Special
0.75%$5k$100k15 Month CD Special - Business
0.71%--24 Month CDARS
0.55%$50k-12 Month Fixed Rate CD
0.55%$50k-12 Month Fixed Rate CD - Business
0.45%$50k-182 Day Fixed Rate CD
0.45%$50k-182 Day Fixed Rate CD - Business
0.42%--12 Month CDARS
0.35%--182 Day CDARS
0.30%$50k-30 Day Fixed Rate CD
0.30%$50k-91 Day Fixed Rate CD
0.30%$50k-30 Day Fixed Rate CD - Business
0.30%$50k-91 Day Fixed Rate CD - Business
0.27%--4 Week CDARS
0.24%--13 Week CDARS

Randolph Bank & Trust Company IRA Rates

ApyMinMaxProduct
1.30%$50k-60 Month Fixed Rate IRA
1.30%$50k-60 Month Fixed Rate SEP IRA
1.21%$50k-48 Month Fixed Rate IRA
1.21%$50k-48 Month Fixed Rate SEP IRA
1.16%$50k-36 Month Fixed Rate IRA
1.16%$50k-36 Month Fixed Rate SEP IRA
0.89%$50k-24 Month Fixed Rate IRA
0.89%$50k-24 Month Fixed Rate SEP IRA
0.55%$50k-12 Month Fixed Rate IRA
0.55%$50k-12 Month Fixed Rate SEP IRA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Randolph Bank & Trust Company
FDIC Certificate #22746
BankRate ReportView
Year Established1978
Employees99
Primary RegulatorFDIC

Assets and Liabilities

Assets$290.81 million
Loans$192.31 million
Deposits$254.30 million
Equity Capital$25.21 million
Loan Loss Allowance$3.13 million
Unbacked Noncurrent Loans$1.84 million
Real Estate Owned$7.40 million

Historic Data - September 2010

Assets$290.40 million
Equity Capital$27.25 million
Loan Loss Allowance$2.92 million
Unbacked Noncurrent Loans$4.93 million
Real Estate Owned$2.30 million

Profit Margin - Quarterly

Net Interest Margin3.91%
Return on Assets-0.32%
Return on Equity-3.53%
Interest Income$9.53 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 September 30, 2011 Randolph Bank & Trust Company had $9.24 million in non-current loans and owned real-estate with $28.33 million in equity and loan loss allowances on hand to cover it. This gives Randolph Bank & Trust Company a Texas Ratio of 32.61% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Randolph Bank & Trust Company increased slightly from 23.97% as of September 30, 2010 to 32.61% as of September 30, 2011, resulting in a negative change of 36.03%. This indicates that the balance sheet and financial strength for Randolph Bank & Trust Company has declined slightly in recent periods.
Deposit Growth4
In the past year, Randolph Bank & Trust Company has increased its total deposits by $6.95 million, resulting in 2.81% 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 $290.81 million in assets with $28.33 million in equity, resulting in a capitalization level of 9.74%, 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

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