The Bank of Castile

50 Main Street
Castile, NY 14427
1-888-890-2580
www.bankofcastile.com

OverView
Rates
Health
Reviews

The Bank of Castile is headquartered in Castile and is the 43^rd largest bank in the state of New York. It is also the 642^nd largest bank in the nation. It was established in 1869 and as of March of 2012, it had grown to 124 employees at 17 locations. The Bank of Castile has a 5-star health rating.

Report an Issue

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

The Bank of Castile Checking Account Rates

Apy	Min	Max	Product
0.10%	$50k	-	True Advantage Checking Plus
0.05%	-	-	Business NOW

The Bank of Castile Savings Account Rates

Apy	Min	Max	Product
0.50%	$2,500	-	Health Savings Account
0.12%	$50k	-	True Advantage Savings
0.08%	$2,500	-	Welcome Savings
0.08%	$2,500	-	Starter Savings
0.08%	$2,500	-	Business Savings

The Bank of Castile Money Market Rates

Apy	Min	Max	Product
0.12%	$250k	-	Business Advantage Money Market
0.08%	$2,500	-	Business Money Market

The Bank of Castile CD Rates

Apy	Min	Max	Product
1.50%	$1k	-	60 Months and over True Advantage CD
1.25%	$1k	-	48 - 59 Months True Advantage CD
1.25%	$1k	-	60 and over Months CD
1.00%	$1k	-	36 - 47 Months True Advantage CD
1.00%	$1k	-	48 - 59 Months CD
0.75%	$1k	-	24 - 35 Months True Advantage CD
0.75%	$1k	-	36 - 47 Months CD
0.70%	$1k	-	19 - 23 Months True Advantage CD
0.65%	$1k	-	15 - 18 Months True Advantage CD
0.60%	$1k	-	12 - 14 Months True Advantage CD
0.50%	$1k	-	24 - 35 Months CD
0.45%	$1k	-	19 - 23 Months CD
0.40%	$1k	-	9 - 11 Months True Advantage CD
0.40%	$1k	-	15 - 18 Months CD
0.35%	$1k	-	6 - 8 Months True Advantage CD
0.35%	$1k	-	12 - 14 Months CD
0.15%	$1k	-	9 - 11 Months CD
0.10%	$1k	-	1 - 2 Months CD
0.10%	$1k	-	3 - 5 Months CD
0.10%	$1k	-	6 - 8 Months CD

The Bank of Castile IRA Rates

Apy	Min	Max	Product
1.50%	$1k	-	60 Months and over True Advantage IRA
1.50%	$1k	-	60 Months and over True Advantage Roth IRA
1.25%	$1k	-	48 - 59 Months True Advantage IRA
1.25%	$1k	-	60 and over Months IRA
1.25%	$1k	-	48 - 59 Months True Advantage Roth IRA
1.25%	$1k	-	60 and over Months Roth IRA
1.00%	$1k	-	36 - 47 Months True Advantage IRA
1.00%	$1k	-	48 - 59 Months IRA
1.00%	$1k	-	36 - 47 Months True Advantage Roth IRA
1.00%	$1k	-	48 - 59 Months Roth IRA
0.75%	$1k	-	24 - 35 Months True Advantage IRA
0.75%	$1k	-	36 - 47 Months IRA
0.75%	$1k	-	24 - 35 Months True Advantage Roth IRA
0.75%	$1k	-	36 - 47 Months Roth IRA
0.70%	$1k	-	19 - 23 Months True Advantage IRA
0.70%	$1k	-	19 - 23 Months True Advantage Roth IRA
0.65%	$1k	-	Variable Rate True Advantage IRA
0.65%	$1k	-	15 - 18 Months True Advantage IRA
0.65%	$1k	-	15 - 18 Months True Advantage Roth IRA
0.60%	$1k	-	12 - 14 Months True Advantage IRA
0.60%	$1k	-	12 - 14 Months True Advantage Roth IRA
0.50%	$1k	-	24 - 35 Months IRA
0.50%	$1k	-	24 - 35 Months Roth IRA
0.45%	$1k	-	19 - 23 Months IRA
0.45%	$1k	-	19 - 23 Months Roth IRA
0.40%	-	-	Variable Rate IRA
0.40%	$1k	-	9 - 11 Months True Advantage IRA
0.40%	$1k	-	15 - 18 Months IRA
0.40%	$1k	-	9 - 11 Months True Advantage Roth IRA
0.40%	$1k	-	15 - 18 Months Roth IRA
0.35%	$1k	-	6 - 8 Months True Advantage IRA
0.35%	$1k	-	12 - 14 Months IRA
0.35%	$1k	-	6 - 8 Months True Advantage Roth IRA
0.35%	$1k	-	12 - 14 Months Roth IRA
0.15%	$1k	-	9 - 11 Months IRA
0.15%	$1k	-	9 - 11 Months Roth IRA
0.10%	$1k	-	1 - 2 Months IRA
0.10%	$1k	-	3 - 5 Months IRA
0.10%	$1k	-	6 - 8 Months IRA
0.10%	$1k	-	1 - 2 Months Roth IRA
0.10%	$1k	-	3 - 5 Months Roth IRA
0.10%	$1k	-	6 - 8 Months Roth IRA

Rates updated: 5/26/2012

Data for Q1 2012

Institution Statistics

The Bank of Castile
FDIC Certificate #	13292
BankRate Report	View
Year Established	1869
Employees	124
Primary Regulator	FDIC
Assets and Liabilities
Assets	$1.03 billion
Loans	$602.31 million
Deposits	$906.23 million
Equity Capital	$76.02 million
Loan Loss Allowance	$6.45 million
Unbacked Noncurrent Loans	$3.57 million
Real Estate Owned	$172,000
Historic Data - March 2011
Assets	$898.15 million
Equity Capital	$68.37 million
Loan Loss Allowance	$6.87 million
Unbacked Noncurrent Loans	$6.00 million
Real Estate Owned	$484,000
Profit Margin - Quarterly
Net Interest Margin	3.48%
Return on Assets	1.04%
Return on Equity	13.82%
Interest Income	$9.89 million

Institution Health

Overall Score:

5 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 The Bank of Castile had $3.74 million in non-current loans and owned real-estate with $82.47 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Castile a Texas Ratio of 4.54% 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 The Bank of Castile decreased significantly from 8.66% as of March 31, 2011 to 4.54% as of March 31, 2012, resulting in a positive change of 47.63%.This indicates that the balance sheet and financial strength for The Bank of Castile has improved significantly in recent periods.
Deposit Growth
In the past year, The Bank of Castile has increased its total deposits by $124.34 million, resulting in 15.9% 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 The Bank of Castile 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. The Bank of Castile has $1.03 billion in assets with $82.47 million in equity, resulting in a capitalization level of 7.98%, which is below average.

No reviews have been left for this bank yet. Be the first to review.