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252-353-5730
3600 Charles Boulevard
Greenville, NC 27858

Select Bank & Trust Company is headquartered in Greenville and is the 38th largest bank in the state of North Carolina. It is also the 2,310st largest bank in the nation. It was established in 2004 and as of March of 2014, it had grown to 47 employees at 6 locations. Select Bank & Trust Company has a A+ health rating.

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Reviews (4)

Happy 2013, When Rate Cuts And Requirement Inflations Set In!

Unfortunately, as of January 8th, 2013, it appears that Select Bank and Trust will be cutting its reward checking rate to 2.02%, and raising the monthly requirements from 10 card transactions to 15 (no mininum transaction amount). Not terrible at this strange moment in history, but once again, hardly worth the trouble!

They Keep Dropping The Rates, Again, With Zero Notification . . .

Down to 1.01% now. With all the hoops for the minimal return, the main thing now left to be said for it is it's "free", except when you have to take time to deal with their occasional screwups. Coastal Federal Credit Union is looking better by the day, as are things like shopping, stocks, long-term tax-advantaged debt repayments, mattresses . . .

Stay Away From This Bank

This is a slimy little bank.  They've cheated me out of my monthly interest on 3 separate occasions, claiming the requirements were not met, even though they were.

Now they've lowered their rate.  Not unexpected.  But they also increased their debit card use requirements.  Only problem is they didn't notify anyone.  A lot of their customers are in for a shock at the end of the current cycle when they get no interest payment.  Yes, it's true that these changes can be found deep in their website, if you knew to look for it in the first place.  But a change of terms of this magnitude should have been announced via a mailing.  Pretty poor business practices.

I'll be closing my account at the end of the current cycle.

So Far, So Good!

No problems with this bank to date!  The requirements for the EasyGreen Checking account are simple and straightforward, and the interest rate is currently at an outstanding rate (3.05% APY up to $25,000).  You do need to go to a branch to open an account, but you get a green piggybank and a generous supply of starter checks in the mail for your trouble.  Highly recommended!



Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Select Bank & Trust Company had $375,000 in non-current loans and owned real-estate with $36.04 million in equity and loan loss allowances on hand to cover it. This gives Select Bank & Trust Company a Texas Ratio of 1.04% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Select Bank & Trust Company experienced no significant changes from 0.93% as of March 31, 2013 to 1.04% as of March 31, 2014, resulting in a negative change of 11.49%. This indicates that the balance sheet and financial strength for Select Bank & Trust Company has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Select Bank & Trust Company has increased its total deposits by $16.03 million, resulting in 7.67% 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 Select Bank & Trust Company has shown is excellent.

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. Select Bank & Trust Company has $279.42 million in assets with $36.04 million in equity, resulting in a capitalization level of 12.90%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57783
Year Established2004
Employees47
Primary RegulatorFDIC
Assets and Liabilities
Assets$279.42 million
Loans$217.21 million
Deposits$224.95 million
Equity Capital$32.45 million
Loan Loss Allowance$3.59 million
Unbacked Noncurrent Loans$154,000
Real Estate Owned$221,000
Historic Data - March 2013
Assets$259.62 million
Equity Capital$30.09 million
Loan Loss Allowance$3.78 million
Unbacked Noncurrent Loans$154,000
Real Estate Owned$221,000
Profit Margin - Quarterly
Net Interest Margin3.58%
Return on Assets1.06%
Return on Equity9.26%
Interest Income$2.86 million
Rates

Sorry, we do not have rate data for Select Bank & Trust Company

Locations


Select Bank & Trust Company Locations
Elizabeth City Branch104 Nance CourtElizabeth City, NC 27909
Washington Branch155 North Market Street, Suite 103Washington, NC 27889
Gibsonville Branch220 Burlington StreetGibsonville, NC 27249
Select Bank & Trust Company3600 Charles BoulevardGreenville, NC 27858
East Tenth Street Branch3800 East Tenth StreetGreenville, NC 27858
Burlington Main523 South Worth StreetBurlington, NC 27215