Sanborn Savings Bank

Sanborn Savings Bank is headquartered in Sanborn and is the 272^nd largest bank in the state of Iowa. It is also the 6,236^th largest bank in the nation. It was established in 1899 and as of March of 2012, it had grown to 11 employees at 1 location. Sanborn Savings Bank has a 5-star health rating.

Sanborn Savings Bank Routing Number: 073905637

Sanborn Savings Bank CD Rates

Data for Q1 2012

Institution Statistics Sanborn Savings Bank FDIC Certificate # 11352 BankRate Report View Year Established 1899 Employees 11 Primary Regulator FDIC Assets and Liabilities Assets $54.20 million Loans $37.26 million Deposits $46.17 million Equity Capital $5.73 million Loan Loss Allowance $375,000 Unbacked Noncurrent Loans $10,000 Real Estate Owned $150,000 Historic Data - March 2011 Assets $53.79 million Equity Capital $5.13 million Loan Loss Allowance $369,000 Unbacked Noncurrent Loans $371,000 Profit Margin - Quarterly Net Interest Margin 3.45% Return on Assets 1.06% Return on Equity 10.67% Interest Income $559,000

Institution Health Overall Score: 5 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 March 31, 2012 Sanborn Savings Bank had $160,000 in non-current loans and owned real-estate with $6.1 million in equity and loan loss allowances on hand to cover it. This gives Sanborn Savings Bank a Texas Ratio of 2.62% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Sanborn Savings Bank decreased significantly from 6.75% as of March 31, 2011 to 2.62% as of March 31, 2012, resulting in a positive change of 61.17%.This indicates that the balance sheet and financial strength for Sanborn Savings Bank has improved significantly in recent periods. Deposit Growth In the past year, Sanborn Savings Bank has decreased its total deposits by $-104,000, resulting in -0.22% 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 Sanborn Savings Bank has shown is 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. Sanborn Savings Bank has $54.2 million in assets with $6.1 million in equity, resulting in a capitalization level of 11.26%, which is above average.

No reviews have been left for this bank yet. Be the first to review.