Synovus Bank

Synovus Bank Locations
1148 Broadway
Columbus, GA 31901
www.synovus.com

Synovus Bank is headquartered in Columbus and is the 2nd largest bank in the state of Georgia. It is also the 50th largest bank in the nation. It was established in 1888 and as of March of 2012, it had grown to 4,913 employees at 295 locations. Synovus Bank has a 3-star health rating.

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4.25% 16-Month CD at a Florida Bank - Early Withdrawal Option (Synovus) - 8/11/2008

Synovus Bank is offering a 4.25% APY 16-month CD special. The minimum deposit is $5,000. It's available for new personal and commercial deposits only. The CD also has an early withdrawal option which allows a one-time penalty free withdrawal of 50% of...

4.14% 16-Month CD at a Florida Bank - Early Withdrawal Option (Synovus) - 6/8/2008

Synovus Bank is offering a 4.14% APY 16-month CD special. The minimum deposit is $5,000. It's available for new personal and commercial deposits only. The CD also has an early withdrawal option which allows a one-time penalty free withdrawal of 50% of...


Data for Q1 2012


Institution Statistics


Synovus Bank
FDIC Certificate #873
BankRate ReportView
Year Established1888
Employees4913
Primary RegulatorFDIC

Assets and Liabilities

Assets$26.80 billion
Loans$19.36 billion
Deposits$22.14 billion
Equity Capital$3.03 billion
Loan Loss Allowance$499.54 million
Unbacked Noncurrent Loans$820.00 million
Real Estate Owned$147.75 million

Historic Data - March 2011

Assets$28.19 billion
Equity Capital$2.89 billion
Loan Loss Allowance$664.50 million
Unbacked Noncurrent Loans$842.89 million
Real Estate Owned$170.30 million

Profit Margin - Quarterly

Net Interest Margin3.65%
Return on Assets0.77%
Return on Equity6.89%
Interest Income$260.34 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 March 31, 2012 Synovus Bank had $967.76 million in non-current loans and owned real-estate with $3.53 billion in equity and loan loss allowances on hand to cover it. This gives Synovus Bank a Texas Ratio of 27.43% 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 Synovus Bank held steady from 28.60% as of March 31, 2011 to 27.43% as of March 31, 2012, resulting in a positive change of 4.10%.This indicates that the balance sheet and financial strength for Synovus Bank has held steady in recent periods.
Deposit Growth2
In the past year, Synovus Bank has decreased its total deposits by -$1.07 billion, resulting in -4.62% 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 Synovus Bank has shown is below average.
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. Synovus Bank has $26.8 billion in assets with $3.53 billion in equity, resulting in a capitalization level of 13.17%, which is excellent.
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