Roanoke Rapids Savings Bank, SSB

Overview / Commentary

www.rrsb.com

252-537-8061

325 Becker Drive
Roanoke Rapids, NC 27870

Roanoke Rapids Savings Bank, SSB is headquartered in Roanoke Rapids and is the 40^th largest bank in the state of North Carolina. It is also the 4,469^th largest bank in the nation. It was established in 1914 and as of June of 2019, it had grown to 17 employees at 3 locations. Roanoke Rapids Savings Bank, SSB's money market rates are 36% higher than the national average, and it has an A health rating.

Reviews (1)

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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.

Comment

Health

Data as of Q2 2019

Learn why bank health matters

Additional 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	17
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.6%
Return on Equity - YTD	2.37%
Annual Interest Income	$1.5MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$73.5MM$46.6MM
Loans	Q2 2019vs Q2 2018	$44.0MM$32.5MM
Deposits	Q2 2019vs Q2 2018	$54.0MM$35.7MM
Equity Capital	Q2 2019vs Q2 2018	$19.0MM$8.8MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$201.00K$206.00K
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$73.00K$56.00K
Real Estate Owned	Q2 2019vs Q2 2018	$202.00K$148.00K

Rates

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Savings
Money Market
Checking
CD

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Always verify rates and promotions with the bank or credit union. We are not Roanoke Rapids Savings Bank, SSB; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Roanoke Rapids Savings Bank, SSB Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.35%	$200	-	Statement Saving Account

Roanoke Rapids Savings Bank, SSB Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.60%^*	$25k^*	-	Choice Money Market Account
OTHER TIERS: 0.45% → Up to $1k \| 0.49% → $1k - $10k \| 0.54% → $10k - $25k

Roanoke Rapids Savings Bank, SSB Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.09%	$200	-	Rapid Checking 55 Account

Roanoke Rapids Savings Bank, SSB CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.61%	$1k	-	24 Month CD
1.41%	$1k	-	14 Month CD
1.21%	$10k	-	72 Month CD
0.85%^*	$100k^*	-	30 Month CD
OTHER TIERS: 0.80% → $500 - $100k
0.65%	$1k	-	18 Month CD
0.65%^*	$100k^*	-	13 Month CD
OTHER TIERS: 0.54% → $1k - $50k \| 0.60% → $50k - $100k
0.60%^*	$100k^*	-	12 Month CD
OTHER TIERS: 0.50% → $1k - $50k \| 0.55% → $50k - $100k
0.45%	$1k	-	6 Month CD

Locations

Roanoke Rapids Savings Bank, SSB Locations
Roanoke Rapids Savings Bank, SSB	325 Becker Drive	Roanoke Rapids, NC 27870
Roanoke Valley Brnach	828 Roanoke Avenue	Roanoke Rapids, NC 27870

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