1 star ratingAverage User Rating:
1 star rating based on 1 review.

Sutton Bank

Sutton Bank Locations
1 South Main St.
Attica, OH 44807
(800) 422-3641
www.suttonbank.com

Sutton Bank is headquartered in Attica and is the 59th largest bank in the state of Ohio. It is also the 1,879th largest bank in the nation. It was established in 1878 and as of September of 2011, it had grown to 92 employees at 9 locations. Sutton Bank's savings rates are 44% higher than the national average, and it has a 3-star health rating.

Related Posts

2.25% Reward Savings Account at Sutton Bank Available in OH, MI, IN & KY - 8/7/2009

Sutton Bank has added a reward savings account that is intended for those who have the bank's reward checking account. The savings account rate as of 8/07/09 is 2.25% APY for all balances as long as the monthly reward checking account requirements are...

3.51% Reward Checking Account at Sutton Bank Available in OH, MI, IN and KY - 2/13/2008

Update 8/07/09: The top yield has fallen to 3.51% APY. Refer to the bottom of the post for the rate history.Sutton Bank is offering a reward checking that pays 3.51% APY on balances up to $25,000 (1.01% for over) and refunds ATM fees (up to...



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See Rates for: Checking | Savings

Sutton Bank Checking Account Rates

ApyMinMaxProduct
2.01%-$25kReward Checking

Sutton Bank Savings Account Rates

ApyMinMaxProduct
0.75%--Rewards Savings

Rates updated: 2/3/2012

Data for Q3 2011


Institution Statistics


Sutton Bank
FDIC Certificate #5962
BankRate ReportView
Year Established1878
Employees92
Primary RegulatorFDIC

Assets and Liabilities

Assets$347.84 million
Loans$196.58 million
Deposits$273.08 million
Equity Capital$34.57 million
Loan Loss Allowance$4.69 million
Unbacked Noncurrent Loans$8.14 million
Real Estate Owned$1.86 million

Historic Data - September 2010

Assets$349.81 million
Equity Capital$31.40 million
Loan Loss Allowance$3.69 million
Unbacked Noncurrent Loans$4.68 million
Real Estate Owned$2.56 million

Profit Margin - Quarterly

Net Interest Margin3.94%
Return on Assets1.23%
Return on Equity13.01%
Interest Income$12.07 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
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 Sutton Bank had $10 million in non-current loans and owned real-estate with $39.26 million in equity and loan loss allowances on hand to cover it. This gives Sutton Bank a Texas Ratio of 25.46% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Sutton Bank held steady from 20.65% as of September 30, 2010 to 25.46% as of September 30, 2011, resulting in a negative change of 23.32%. This indicates that the balance sheet and financial strength for Sutton Bank has held steady in recent periods.
Deposit Growth3
In the past year, Sutton Bank has increased its total deposits by $1.02 million, resulting in 0.38% 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 Sutton Bank has shown is average.
Capitalization4
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. Sutton Bank has $347.84 million in assets with $39.26 million in equity, resulting in a capitalization level of 11.29%, which is above average.
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Business Ethics
1 stars - tango3513 - Thursday, May 19, 2011 - 7:50 AM

Our relationship with Sutton Bank has continuously deteriorated since they lost the origonal loan agent I worked with.  I have experienced one unproffessional behavior after another with them.  I don't believe they are looking out for the best interest of my company, and don't treat small accounts with any respect.  Tread lightly when working with this bank.

4
 
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