Synergy Bank

210 Synergy Center Boulevard
Houma, LA 70360
985.851.3341
www.banksynergy.com

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Synergy Bank is headquartered in Houma and is the 33^rd largest bank in the state of Louisiana. It is also the 1,855^th largest bank in the nation. It was established in 1999 and as of March of 2012, it had grown to 95 employees at 5 locations. Synergy Bank's savings rates are 94% higher than the national average, and it has a 4-star health rating.

Synergy Bank Routing Number: 065405297

High-Yield Reward Checking Account at Synergy Bank in Louisiana - In-State Only - 4/19/2010

Synergy Bank is offering a high-yield reward checking account called Kasasa Cash . It has the following rates and features if certain monthly requirements are met as of 4/19/2010: 3.80% APY on ...

4.42% 15-Month CD at Synergy Bank in Texas - 11/19/2008

Synergy Bank is offering a very competitive 15-month CD special with a yield of 4.42% APY. Minimum deposit is $1,000. There's also a 27-month CD special, but it has a much less competitive yield of 3.96% APY. These specials are listed in the bank's rate...

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

Synergy Bank Checking Account Rates

Apy	Min	Max	Product
2.51%	-	$25k	Kasasa Cash
0.15%	$1k	-	Premium Club Checking
0.15%	$1k	-	Synergy Plus Checking
0.15%	$1k	-	Synergy Gold Checking

Synergy Bank Savings Account Rates

Apy	Min	Max	Product
1.01%	-	$25k	Kasasa Saver
0.35%	-	-	Christmas Club
0.35%	$15k	-	IRA Savings Account
0.35%	$15k	-	ESA Savings Account
0.35%	$15k	-	Roth IRA Savings Account
0.25%	$100	-	Synergy Savings
0.25%	$50	-	Minor Savings
0.25%	$100	-	Health Savings

Synergy Bank Money Market Rates

Apy	Min	Max	Product
0.35%	$15k	-	Power Plus Money Market
0.25%	$2,500	-	Power Money Market

Synergy Bank CD Rates

Apy	Min	Max	Product
1.50%	$1k	-	5 Year CD
1.25%	$1k	-	4 Year CD
1.00%	$1k	-	3 Year CD
0.85%	$1k	-	30 Month CD
0.75%	$1k	-	2 Year Two-Step CD Special
0.75%	$1k	-	2 Year Two Step CD
0.65%	$1k	-	18 Month CD
0.50%	$1k	-	1 Year CD
0.35%	$1k	-	6 Month CD
0.25%	$1k	-	7 Day CD
0.25%	$1k	-	3 Month CD
0.25%	$500	-	Junior CD (6 Months)
0.15%	$1k	-	1 Month CD

Synergy Bank IRA Rates

Apy	Min	Max	Product
1.50%	$1k	-	5 Year IRA
1.50%	$500	-	5 Year ESA
1.50%	$1k	-	5 Year Roth IRA
1.25%	$1k	-	4 Year IRA
1.25%	$500	-	4 Year ESA
1.25%	$1k	-	4 Year Roth IRA
1.00%	$1k	-	3 Year IRA
1.00%	$500	-	3 Year ESA
1.00%	$1k	-	3 Year Roth IRA
0.85%	$1k	-	30 Month IRA
0.85%	$500	-	30 Month ESA
0.85%	$1k	-	30 Month Roth IRA
0.75%	$1k	-	2 Year Two Step IRA
0.75%	$500	-	2 Year Two Step ESA
0.75%	$1k	-	2 Year Two Step Roth IRA
0.65%	$1k	-	18 Month IRA
0.65%	$500	-	18 Month ESA
0.65%	$1k	-	18 Month Roth IRA
0.55%	$100	-	Variable Rate 18 Month IRA
0.55%	$100	-	Variable Rate 18 Month ESA
0.55%	$100	-	Variable Rate 18 Month Roth IRA
0.50%	$1k	-	1 Year IRA
0.50%	$500	-	1 Year ESA
0.50%	$1k	-	1 Year Roth IRA
0.35%	$1k	-	6 Month IRA
0.35%	$500	-	6 Month ESA
0.35%	$1k	-	6 Month Roth IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Synergy Bank
FDIC Certificate #	34978
BankRate Report	View
Year Established	1999
Employees	95
Primary Regulator	FDIC
Assets and Liabilities
Assets	$358.72 million
Loans	$247.97 million
Deposits	$323.37 million
Equity Capital	$32.54 million
Loan Loss Allowance	$5.53 million
Unbacked Noncurrent Loans	$3.80 million
Real Estate Owned	$35,000
Historic Data - March 2011
Assets	$339.09 million
Equity Capital	$28.93 million
Loan Loss Allowance	$4.87 million
Unbacked Noncurrent Loans	$2.23 million
Real Estate Owned	$257,000
Profit Margin - Quarterly
Net Interest Margin	3.93%
Return on Assets	1.07%
Return on Equity	11.8%
Interest Income	$4.04 million

Institution Health

Overall Score:

4 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 Synergy Bank had $3.84 million in non-current loans and owned real-estate with $38.07 million in equity and loan loss allowances on hand to cover it. This gives Synergy Bank a Texas Ratio of 10.08% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Synergy Bank held steady from 7.22% as of March 31, 2011 to 10.08% as of March 31, 2012, resulting in a negative change of 39.71%. This indicates that the balance sheet and financial strength for Synergy Bank has held steady in recent periods.
Deposit Growth
In the past year, Synergy Bank has increased its total deposits by $14.02 million, resulting in 4.53% 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 Synergy Bank has shown is above 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. Synergy Bank has $358.72 million in assets with $38.07 million in equity, resulting in a capitalization level of 10.61%, which is above average.