Sutton Bank is headquartered in Attica and is the 54th largest bank in the state of Ohio. It is also the 1,746th largest bank in the nation. It was established in 1878 and as of March of 2014, it had grown to 81 employees at 9 locations. Sutton Bank has a A+ health rating.
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Business Ethics
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.
Fees For Everything
They charge customers added fees for everything!!! Looking for a better HSA who does not nickle and dime you everytime you turn around. Horrible!!!
Data for Q1 2014
Institution Health
Texas Ratio
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 Sutton Bank had $1.93 million in non-current loans and owned real-estate with $40.43 million in equity and loan loss allowances on hand to cover it. This gives Sutton Bank a Texas Ratio of 4.77% 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 Sutton Bank decreased dramatically from 17.37% as of March 31, 2013 to 4.77% as of March 31, 2014, resulting in a positive change of 72.55%.This indicates that the balance sheet and financial strength for Sutton Bank has improved dramatically in recent periods.
Deposit Growth
In the past year, Sutton Bank has increased its total deposits by $39.21 million, resulting in 13.65% 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 excellent.
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. Sutton Bank has $379.05 million in assets with $40.43 million in equity, resulting in a capitalization level of 10.67%, which is above average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 5962 |
| Year Established | 1878 |
| Employees | 81 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $379.05 million |
| Loans | $245.73 million |
| Deposits | $326.38 million |
| Equity Capital | $37.28 million |
| Loan Loss Allowance | $3.15 million |
| Unbacked Noncurrent Loans | $1.35 million |
| Real Estate Owned | $581,000 |
| Historic Data - March 2013 | |
|---|---|
| Assets | $348.06 million |
| Equity Capital | $37.57 million |
| Loan Loss Allowance | $3.17 million |
| Unbacked Noncurrent Loans | $1.35 million |
| Real Estate Owned | $1.63 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.93% |
| Return on Assets | 1.84% |
| Return on Equity | 18.85% |
| Interest Income | $3.84 million |
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Sutton Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | - | - | Rewards Savings - Qualifying | |
| 0.15% | - | - | Rewards Savings - Non Qualifying |
Sutton Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.77% | - | $25k | Rewards Checking - Qualifying | |
| 0.05% | - | - | Rewards Checking - Non Qualifying |
| Sutton Bank Locations | ||
|---|---|---|
| East Main Street Branch | 1521 East Main Street | Ashland, OH 44805 |
| Ashland Claremont Branch | 1804 Claremont Avenue | Ashland, OH 44805 |
| Sutton Bank | 3 South Main Street | Attica, OH 44807 |
| Walton Street Branch | 301 Walton Street | Willard, OH 44890 |
| New London Branch | 51 Park Street | New London, OH 44851 |
| Lexington Avenue Branch | 595 Lexington Avenue | Mansfield, OH 44907 |
| Tiffin Oh Branch | 709 West Market Street | Tiffin, OH 44883 |
| Mansfield Branch | 863 Lexington-Springmill Road | Mansfield, OH 44906 |