Simmesport State Bank
LOCATIONS
1
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HEALTH RATING
B+
View health report
CURRENT TOP RATE
2.78% APY
60 Month CD
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Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.78% | 5-year CD | 2.27% - National Average |
| 2.02% | 1-year CD | 1.37% - National Average |
| 0.50% | Savings | 0.26% - National Average |
Overview / Commentary
Simmesport State Bank is headquartered in Simmesport and is the 101st largest bank in the state of Louisiana. It is also the 4,369th largest bank in the nation. It was established in 1956 and as of December of 2018, it had grown to 20 employees at 1 location. Simmesport State Bank's CD rates are 2X the national average, and it has a B+ health rating.
Health
B+
Data as of Q4 2018
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. Simmesport State Bank has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17587 |
| Year Established | 1956 |
| Employees | 20 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.95% |
| Return on Equity - YTD | 6.58% |
| Annual Interest Income | $4.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $84.8MM$79.9MM |
| Loans | Q4 2018vs Q4 2017 | $66.5MM$64.1MM |
| Deposits | Q4 2018vs Q4 2017 | $72.7MM$68.2MM |
| Equity Capital | Q4 2018vs Q4 2017 | $12.1MM$11.6MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $526.00K$457.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $2.0MM$1.8MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $64.00K$283.00K |
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Simmesport State Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.02% | $200 | - | IRA | |
| 0.50% | $100 | - | Passbook Savings |
Simmesport State Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | $1k | - | NOW Account | |
| 0.50% | $2k | - | Business Int. Checking |
Simmesport State Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.78% | $5k | - | 60 Month CD | |
| 2.53% | $5k | - | 48 Month CD | |
| 2.43% | $5k | - | 36 Month CD | |
| 2.27% | $5k | - | 24 Month CD | |
| 2.02% | $5k | - | 12 Month CD | |
| 1.00% | $5k | - | 6 Month CD | |
| 0.50% | $5k | - | 3 Month CD |
Locations
| Simmesport State Bank Locations | ||
|---|---|---|
| Simmesport State Bank | Highway 1 and Laurel Street | Simmesport, LA 71369 |