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Overview / Commentary
325 Becker Drive
Roanoke Rapids, NC 27870

Roanoke Rapids Savings Bank, SSB is headquartered in Roanoke Rapids and is the 69th largest bank in the state of North Carolina. It is also the 5,770th largest bank in the nation. It was established in 1914 and as of December of 2013, it had grown to 16 employees at 2 locations. Roanoke Rapids Savings Bank, SSB's money market rates are 36% higher than the national average, and it has a B+ health rating.

Reviews (1)

Bank Rating

i give this bank 10 plus stars.  i have been with this bank since january of 1997 and refuse to deal with any other bank.

 



Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Roanoke Rapids Savings Bank, SSB has a relatively low asset base.

Texas Ratio

GRADE:
A

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, 2013 Roanoke Rapids Savings Bank, SSB had $758,000 in non-current loans and owned real-estate with $8.83 million in equity and loan loss allowances on hand to cover it. This gives Roanoke Rapids Savings Bank, SSB a Texas Ratio of 8.59% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Roanoke Rapids Savings Bank, SSB decreased dramatically from 12.82% as of December 31, 2012 to 8.59% as of December 31, 2013, resulting in a positive change of 33.03%.This indicates that the balance sheet and financial strength for Roanoke Rapids Savings Bank, SSB has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Roanoke Rapids Savings Bank, SSB has decreased its total deposits by $-792,000, resulting in -1.7% 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 Roanoke Rapids Savings Bank, SSB has shown is average.

Capitalization

GRADE:
A+

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. Roanoke Rapids Savings Bank, SSB has $59.21 million in assets with $8.83 million in equity, resulting in a capitalization level of 14.91%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28314
Year Established1914
Employees16
Primary RegulatorFDIC
Assets and Liabilities
Assets$59.21 million
Loans$38.35 million
Deposits$45.82 million
Equity Capital$8.59 million
Loan Loss Allowance$232,000
Unbacked Noncurrent Loans$80,000
Real Estate Owned$678,000
Historic Data - December 2012
Assets$60.06 million
Equity Capital$8.48 million
Loan Loss Allowance$226,000
Unbacked Noncurrent Loans$80,000
Real Estate Owned$1.11 million
Profit Margin - Quarterly
Net Interest Margin3.42%
Return on Assets0.2%
Return on Equity1.39%
Interest Income$2.41 million
Rates

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Roanoke Rapids Savings Bank, SSB Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.29%$200-Statement Saving Account

Roanoke Rapids Savings Bank, SSB Money Market Rates

DetailsAPYMINMAXPRODUCT
0.60%$25k-Choice Money Market Account

Roanoke Rapids Savings Bank, SSB Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.09%$200-Rapid Checking 55 Account

Roanoke Rapids Savings Bank, SSB CD Rates

DetailsAPYMINMAXPRODUCT
1.21%$10k-72 Month CD
0.85%$100k-30 Month CD
0.70%$1k-24 Month CD
0.65%$1k-18 Month CD
0.65%$100k-13 Month CD
0.60%$100k-12 Month CD
0.45%$1k-6 Month CD
Locations


Roanoke Rapids Savings Bank, SSB Locations
Roanoke Rapids Savings Bank, SSB325 Becker DriveRoanoke Rapids, NC 27870