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Overview / Commentary
901-877-6891
1265 Hwy 57
Piperton, TN 38017

The Bank of Fayette County is headquartered in Piperton and is the 56th largest bank in the state of Tennessee. It is also the 2,046th largest bank in the nation. It was established in 1905 and as of March of 2014, it had grown to 90 employees at 9 locations. The Bank of Fayette County's money market rates are 14% higher than the national average, and it has a B+ health rating.

Reviews (1)

CLOSED MAIN OFFICE

MAIN OFFICE IS CLOSED.

CALLED BRANCH IN SELMER,TN.

THEY ASK ME TO COME IN PERSON TO OPEN ACCOUNT.



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B

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 The Bank of Fayette County had $7.6 million in non-current loans and owned real-estate with $34.62 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Fayette County a Texas Ratio of 21.97% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for The Bank of Fayette County decreased slightly from 26.96% as of March 31, 2013 to 21.97% as of March 31, 2014, resulting in a positive change of 18.52%.This indicates that the balance sheet and financial strength for The Bank of Fayette County has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, The Bank of Fayette County has increased its total deposits by $4.93 million, resulting in 1.77% 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 Fayette County has shown is above average.

Capitalization

GRADE:
B+

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 Fayette County has $322.03 million in assets with $34.62 million in equity, resulting in a capitalization level of 10.75%, which is above average.

Institution Statistics

Overall
FDIC Certificate #10308
Year Established1905
Employees90
Primary RegulatorFED
Assets and Liabilities
Assets$322.03 million
Loans$243.09 million
Deposits$283.01 million
Equity Capital$30.37 million
Loan Loss Allowance$4.25 million
Unbacked Noncurrent Loans$5.52 million
Real Estate Owned$2.08 million
Historic Data - March 2013
Assets$316.35 million
Equity Capital$29.41 million
Loan Loss Allowance$3.89 million
Unbacked Noncurrent Loans$5.52 million
Real Estate Owned$2.92 million
Profit Margin - Quarterly
Net Interest Margin4.42%
Return on Assets0.8%
Return on Equity8.52%
Interest Income$3.64 million
Rates

Always verify rates and promotions with the bank or credit union. We are not The Bank of Fayette County, we are a rate comparison website and can not provide official rates or promotions.

The Bank of Fayette County Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100-Regular Savings

The Bank of Fayette County Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$125k-Second Century Money Market Account
0.40%$100k-High Cotton Account
0.25%$2k-Money Market Account

The Bank of Fayette County Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$1k-NOW Account
0.15%$1,500-Super NOW
0.15%$100-Common Sense Checking

The Bank of Fayette County CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$1k-60 Month CD
1.00%$1k-36 Month CD
0.70%$1k-24 Month CD
0.55%$1k-18 Month CD
0.50%$1k-12 Month CD
0.35%$1k-6 Month CD
0.25%$1k-3 Month CD
Locations


The Bank of Fayette County Locations
The Bank Of Fayette County1265 Hwy 57Piperton, TN 38017
Moscow - Express Branch14400 Highway 57Moscow, TN 38057
Somerville Branch15995 Highway 64Somerville, TN 38068
Oaklnad Branch200 Chickasaw Ridge, Suite 25Oakland, TN 38060
Grand Junction / Lagrange Branch25205 Hwy 57Grand Junction, TN 38039
Whiteville Branch2640 Highway 64Whiteville, TN 38075
Hickory Withe Branch3155 Highway 64Moscow, TN 38057
Bolivar Branch503 W. Market StreetBolivar, TN 38008
Selmer Branch574 Mulberry StreetSelmer, TN 38375