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

Select Bank & Trust Company

Select Bank & Trust Company Locations
3600 Charles Boulevard
Greenville, NC 27858
252.353.5730
www.selectbankandtrust.com

FDIC


Select Bank & Trust Company is headquartered in Greenville and is the 49th largest bank in the state of North Carolina. It is also the 2,506th largest bank in the nation. It was established in 2004 and as of December of 2012, it had grown to 44 employees at 6 locations. Select Bank & Trust Company has a 5-star health rating.

Related Posts

High-Yield Reward Checking Account at Select Bank & Trust in NC - Local Only - 8/13/2010

Select Bank & Trust is offering a high-yield reward checking account called Easy Green Checking . It has the following rates and features if certain monthly requirements are met (as of 8/13/2010 ) ...



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

Select Bank & Trust Company Checking Account Rates

ApyMinMaxProduct
2.00%-$25kEasy Green Checking
0.25%$200k-Investors Checking
0.05%--Absolutely Free Silver Checking
0.05%--Select Checking
0.05%--Not For Profit Checking
0.05%--Business Interest Checking

Select Bank & Trust Company Savings Account Rates

ApyMinMaxProduct
0.25%$200k-Select Investment Account
0.25%--Select Savings
0.25%$200k-Business Investment Account
0.25%--Business Sweep Account
0.25%--Business Savings Account

Select Bank & Trust Company Money Market Rates

ApyMinMaxProduct
0.25%$200k-Money Market Account
0.25%$200k-Business Money Market Account

Select Bank & Trust Company CD Rates

ApyMinMaxProduct
1.51%$500$250k60 Month CD Special
1.51%$500$250kBusiness 60 Month CD Special
0.75%$500$250k30 Month CD Special
0.75%$500$250kBusiniess 30 Month CD Special
0.70%$500-60 Month CD
0.70%$500-Business 60 Month CD
0.60%$500-48 Month CD
0.60%$500-Business 48 Month CD
0.50%$500-36 Month CD
0.50%$500-Business 36 Month CD
0.40%$500-30 Month CD
0.40%$500-Business 30 Month CD
0.35%$500-24 Month CD
0.35%$500-Business 24 Month CD
0.30%$500-18 Month CD
0.30%$500-Business 18 Month CD
0.25%$500-12 Month CD
0.25%$500-15 Month CD
0.25%$500-Business 12 Month CD
0.25%$500-Business 15 Month CD
0.15%$500-180 Day CD
0.15%$500-9 Month CD
0.15%$500-Business 180 Day CD
0.15%$500-Business 9 Month CD
0.10%$500-90 Day CD
0.10%$500-Business 90 Day CD
0.05%$500-30 Day CD
0.05%$500-60 Day CD
0.05%$500-Business 30 Day CD
0.05%$500-Business 60 Day CD

Select Bank & Trust Company IRA Rates

ApyMinMaxProduct
0.70%$100-60 Month IRA
0.70%$100-60 Month Roth IRA
0.70%$100-60 Month CESA
0.60%$100-48 Month IRA
0.60%$100-48 Month Roth IRA
0.60%$100-48 Month CESA
0.50%$100-36 Month IRA
0.50%$100-36 Month Roth IRA
0.50%$100-36 Month CESA
0.40%$100-30 Month IRA
0.40%$100-30 Month Roth IRA
0.40%$100-30 Month CESA
0.35%$100-24 Month IRA
0.35%$100-24 Month Roth IRA
0.35%$100-24 Month CESA
0.30%$100-18 Month IRA
0.30%$100-18 Month Roth IRA
0.30%$100-18 Month CESA
0.25%$100-12 Month IRA
0.25%$100-15 Month IRA
0.25%$100-12 Month Roth IRA
0.25%$100-15 Month Roth IRA
0.25%$100-12 Month CESA
0.25%$100-15 Month CESA
0.15%$100-180 Day IRA
0.15%$100-9 Month IRA
0.15%$100-180 Day Roth IRA
0.15%$100-9 Month Roth IRA
0.15%$100-180 Day CESA
0.15%$100-9 Month CESA
0.10%$100-90 Day IRA
0.10%$100-90 Day Roth IRA
0.10%$100-90 Day CESA
0.05%$100-30 Day IRA
0.05%$100-60 Day IRA
0.05%$100-30 Day Roth IRA
0.05%$100-60 Day Roth IRA
0.05%$100-30 Day CESA
0.05%$100-60 Day CESA

Rates updated: 5/21/2013

Data for Q4 2012


Institution Statistics


Select Bank & Trust Company
FDIC Certificate #57783
BankRate ReportView
Year Established2004
Employees44
Primary RegulatorFDIC

Assets and Liabilities

Assets$257.86 million
Loans$196.19 million
Deposits$207.34 million
Equity Capital$29.73 million
Loan Loss Allowance$3.58 million
Unbacked Noncurrent Loans$99,000
Real Estate Owned$296,000

Historic Data - December 2011

Assets$214.96 million
Equity Capital$27.34 million
Loan Loss Allowance$2.93 million
Unbacked Noncurrent Loans$1.07 million
Real Estate Owned$135,000

Profit Margin - Quarterly

Net Interest Margin3.8%
Return on Assets0.82%
Return on Equity6.94%
Interest Income$10.67 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Select Bank & Trust Company had $395,000 in non-current loans and owned real-estate with $33.31 million in equity and loan loss allowances on hand to cover it. This gives Select Bank & Trust Company a Texas Ratio of 1.19% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Select Bank & Trust Company decreased significantly from 3.98% as of December 31, 2011 to 1.19% as of December 31, 2012, resulting in a positive change of 70.24%.This indicates that the balance sheet and financial strength for Select Bank & Trust Company has improved significantly in recent periods.
Deposit Growth5
In the past year, Select Bank & Trust Company has increased its total deposits by $41.64 million, resulting in 25.13% 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.
Capitalization5
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 $257.86 million in assets with $33.31 million in equity, resulting in a capitalization level of 12.92%, which is excellent.
Write Review

Happy 2013, When Rate Cuts And Requirement Inflations Set In!
3 stars - ncpiggybank - Saturday, December 29, 2012 - 10:10 AM

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!

5

Stay Away From This Bank
1 stars - Jake - Thursday, January 24, 2013 - 9:16 PM

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.

1

So Far, So Good!
5 stars - ncpiggybank - Sunday, June 3, 2012 - 11:43 AM

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!

1