Overview / Commentary
Roanoke Rapids Savings Bank, SSB is headquartered in Roanoke Rapids and is the 39th largest bank in the state of North Carolina. It is also the 4,397th largest bank in the nation. It was established in 1914 and as of June of 2020, it had grown to 18 employees at 3 locations. Roanoke Rapids Savings Bank, SSB's money market rates are 14% higher than the national average, and it has a B+ health rating.
Reviews (1)
Bank Rating
Posted by: terrimuthig | Nov 27, 2011
i give this bank 10 plus stars. i have been with this bank since january of 1997 and refuse to deal with any other bank.
Health
B+
Data as of Q2 2020
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. Roanoke Rapids Savings Bank, SSB has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 28314 |
| Year Established | 1914 |
| Employees | 18 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.2% |
| Return on Equity - YTD | 0.75% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $73.4MM$73.5MM |
| Loans | Q2 2020vs Q2 2019 | $46.8MM$44.1MM |
| Deposits | Q2 2020vs Q2 2019 | $54.0MM$54.0MM |
| Equity Capital | Q2 2020vs Q2 2019 | $18.8MM$18.9MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $247.00K$201.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $57.00K$73.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $301.00K$202.00K |