Select Bank

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Deposit Rates - May 8, 2021

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58563
Date Established 2007
Assets $ 329.54 million
Loans $ 288.65 million
Deposits $ 256.66 million
Capital $ 27.03 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 26.30 million
Interest-bearing balances $ 19.51 million
Total securities $ 0.95 million
Federal funds sold and reverse repurchase $ 0.27 million
Net loans and leases $ 288.65 million
Loan loss allowance $ 1.60 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.04 million
Goodwill and other intangibles N.A.
All other assets $ 8.51 million
     Total Assets $ 302.51 million

LIABILITIES
Total deposits $ 256.66 million
      Interest-bearing deposits $ 216.24 million
      Deposits held in domestic offices $ 256.66 million
      % insured (estimated) 82.16%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 44.23 million
Subordinated debt N.A.
All other liabilities $ 1.63 millionn
      Total Liabilities $ 302.51 million
      Shareholders’ Equity $ 27.03 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 12.38 million
Total Interest Expense $ 3.61 million
Net interest income $ 8.77 million
Provision for loan and lease losses $ 0.88 million
Total non interest income $ 0.99 million
Total non interest expense $ 6.54 million
Pre-tax Net Operating Income $ 2.34 million

Select Bank is an FDIC insured institution headquartered at 211 Gristmill Drive, Forest, VA 24551.
It was founded in 2007 and has approximately $0 billion in assets. Customers can open an account at one of its 3 branches.