Overview / Commentary
Conneaut Savings Bank is headquartered in CONNEAUT and is the 149th largest bank in the state of Ohio. It is also the 4,083rd largest bank in the nation. It was established in 1888 and as of June of 2023, it had grown to 17 employees at 2 locations. Conneaut Savings Bank has a B+ health rating.
Health
B+
Data as of Q2 2023
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Conneaut Savings Bank has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 28677 |
| Year Established | 1888 |
| Employees | 17 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.12% |
| Return on Equity - YTD | 1.03% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $78.9MM$83.1MM |
| Loans | Q2 2023vs Q2 2022 | $50.9MM$49.0MM |
| Deposits | Q2 2023vs Q2 2022 | $66.4MM$70.9MM |
| Equity Capital | Q2 2023vs Q2 2022 | $9.2MM$9.6MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $290.00K$290.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $282.00K$249.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |