Builtwell Bank

Headquarters

728 Broad St
Chattanooga, TN 37402
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

Reviewed by Z | September 7, 2023 |

Builtwell is the wrong name for a formerly great bank, when it was under the First Volunteer name the employees seemed to care a lot more about their local community members. Since they changed to the Builtworse(more accurate), it feels like the bank is attempting to expand at the cost of their local members. Do yourself a favor and don't even consider this bank, they are truly atrocious to work with since the changeover to Builtwell from FV. I'm almost embarassed for them and the employees.


2024 Overview

General Bank Information

Builtwell Bank is an FDIC insured institution located in Chattanooga, TN. It was founded in 1904 and has approximately $1.83 billion in assets. Customers can open an account at one of its 24 branches.

FDIC Insured Yes
FDIC Certificate # 10307
Date Established 1904
Assets $ 1,831.25 million
Loans $ 1,248.77 million
Deposits $ 1,612.26 million
Capital $ 205.47 million
 

For a more detailed analysis of Builtwell Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 23, 2024

Your Current Location: Ohio, OH 43085


Loan Rates - November 23, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Builtwell Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.956% 6.875%
0.63 points
$2,642 fees
$2,103 Learn More
PADDIO
NMLS ID: 1907
7.080% 7.000%
0.88 points
$2,602 fees
$2,129 Learn More
Rocket Mortgage
NMLS ID: 3030
7.225% 7.125%
1.00 points
$3,200 fees
$2,156 Learn More
Neighbors Bank
NMLS ID: 491986

points
fees
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 7.240 %
After Intro: 7.240 %
$0 Learn More
More Info
Achieve Loans
Achieve Loans
See Table
Intro APR 10.625 %
After Intro: 10.625 %
$0 Learn More
More Info

Note to Builtwell Bank
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Climate Policy and Initiatives

Builtwell Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

Builtwell Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Builtwell Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Builtwell Bank U.S. Bank Average
3.06% 4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Builtwell Bank had $6,869,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $205,470,000 in equity and $19,102,000 in loans loss reserves. That gives it a Texas Ratio of 3.06%.

Return on Equity
Builtwell Bank U.S. Bank Average
18.57% 10.46%

Builtwell Bank has a Return on Equity of 18.57% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Builtwell Bank U.S. Bank Average
11.22% 10.84%

Builtwell Bank has a Capitalization of 11.22% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Builtwell Bank Balance Sheet Analysis

As of June 30, 2024, Builtwell Bank had assets of $1,831,250,000, loans of $1,248,774,000, and deposits of $1,612,259,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 389.51 million
Interest-bearing balances $ 347.20 million
Total securities $ 93.08 million
Federal funds sold and reverse repurchase $ 4.17 million
Net loans and leases $ 1,248.77 million
Loan loss allowance $ 19.10 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 34.95 million
All other assets $ 33.27 million
     Total Assets $ 1,625.78 million
LIABILITIES
Total deposits $ 1,612.26 million
      Interest-bearing deposits $ 1,065.44 million
      Deposits held in domestic offices $ 1,612.26 million
      % insured (estimated) 66.62%
Federal funds purchased and repurchase agreements $ 0.71 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 8.17 million
      Total Liabilities $ 1,625.78 million
      Shareholders’ Equity $ 205.47 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 55.95 million
Total Interest Expense $ 12.80 million
Net interest income $ 43.14 million
Provision for loan and lease losses $ 1.17 million
Total non interest income $ 7.27 million
Total non interest expense $ 23.52 million
Pre-tax Net Operating Income $ 11.12 million

Bank Loan Profile?

The top three loan types in Builtwell Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Tennessee, Builtwell Bank has a significantly higher percent of Credit Card Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 13.59
Multifamily
Mortgages
1.26
Credit Card Loans 0.16
Consumer Auto Loans 0.63
Small Business Loans 12.49
Construction and Development Loans 8.23
Commercial Real Estate 32.86
Commercial and Industrial Loans 4.66
Farm Loans 0.02

Customer Reviews for Builtwell Bank


  • September 7, 2023 |

    Builtwell is the wrong name for a formerly great bank, when it was under the First Volunteer name the employees seemed to care a lot more about their local community members. Since they changed to the Builtworse(more accurate), it feels like the bank is attempting to expand at the cost of their local members. Do yourself a favor and don't even consider this bank, they are truly atrocious to work with since the changeover to Builtwell from FV. I'm almost embarassed for them and the employees.

  • March 3, 2023

    I tried to close put my IRA and cds and have had to go at least 4 times to try to get it taken care of. Very frustrating..no apologies for messing up..nothing. Ready to move my accounts

  • December 3, 2022

    Formerly it was Gateway Bank. I had business and personal account with them for a very long time, likewise the rest of the family. Friendly employees and great service, also one of the Board of Directors is a great friend of mine for a very long time.

  • September 22, 2022 |

    CDs 60 Month Rates

    This company doesn't even offer maternity leave to its full time employees. It's privately owned so the owner is just greedy. Worse than any business owner I've ever seen.


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