Since April 5th, 1999, First Central Savings Bank has grown from a simple concept to what they are today, a vibrant thriving community bank of which all can be proud. The Bank’s goal was and still is to fill a void in the big bank mentality, by providing good old-fashioned personal service with a smile, a throw-back to the days of hospitality and good manners that we were all raised on, something which almost does not exist anymore in banking.
Registration For Online CD Requires In-Person Visit
First Central Savings Bank is a work in progress. I was attracted by their new 24m CD rate. After poking around their (very colorful) website, I called 866-400-8674. A real person eventually picked up and politely told me to call any of the branches listed. I did. The branch representative advised me that their online capability to open a CD was not yet available. He said I must visit a branch to register a new account. That's a 1000 mile round trip for me. Their rate wasn't THAT good.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34969 |
| Year Established | 1999 |
| Employees | 99 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.42% |
| Return on Equity - YTD | 15.59% |
| Annual Interest Income | $17.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $852.6MM$678.1MM |
| Loans | Q2 2022vs Q2 2021 | $708.2MM$570.8MM |
| Deposits | Q2 2022vs Q2 2021 | $744.5MM$609.4MM |
| Equity Capital | Q2 2022vs Q2 2021 | $74.3MM$67.1MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $7.5MM$6.0MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $5.9MM$1.1MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |