The Bank of Clarendon

Headquarters

106 S Brooks St
Manning, SC 29102
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 RAWEXPOSURE5 | March 27, 2022

Lately, I am constantly being locked out of my account. I have double-checked and triple-checked and everything is correct. It is the weekend of March 26, 2022, and I cannot get help with this...what am I to do?


2024 Overview

General Bank Information

The Bank of Clarendon is an FDIC insured institution located in Manning, SC. It was founded in 1939 and has approximately $0.39 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 15671
Date Established 1939
Assets $ 389.18 million
Loans $ 188.68 million
Deposits $ 345.25 million
Capital $ 41.38 million
 

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

Deposit Rates - November 13, 2024

Your Current Location: Ohio, OH 43085


Loan Rates - November 13, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for The Bank of Clarendon

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
PenFed Credit Union
NMLS ID: 401822
6.668% 6.500%
0.75 points
$5,600 fees
$2,023 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.865% 6.750%
1.00 points
$3,775 fees
$2,076 Learn More
Rocket Mortgage
NMLS ID: 3030
7.225% 7.125%
1.00 points
$3,200 fees
$2,156 Learn More
CrossCountry Mortgage
NMLS ID: 3029

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 7.490 %
After Intro: 7.490 %
$0 Learn More
More Info

Note to The Bank of Clarendon
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Branches

The Bank of Clarendon branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio


The Bank of Clarendon Locations around zip code 43085




Climate Policy and Initiatives

The Bank of Clarendon 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

The Bank of Clarendon Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Bank of Clarendon. 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
The Bank of Clarendon U.S. Bank Average
0.17% 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, The Bank of Clarendon had $75,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $41,378,000 in equity and $1,727,000 in loans loss reserves. That gives it a Texas Ratio of 0.17%.

Return on Equity
The Bank of Clarendon U.S. Bank Average
10.84% 10.46%

The Bank of Clarendon has a Return on Equity of 10.84% 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
The Bank of Clarendon U.S. Bank Average
10.63% 10.84%

The Bank of Clarendon has a Capitalization of 10.63% 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.

The Bank of Clarendon Balance Sheet Analysis

As of June 30, 2024, The Bank of Clarendon had assets of $389,181,000, loans of $188,681,000, and deposits of $345,245,000. 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 $ 42.25 million
Interest-bearing balances $ 34.83 million
Total securities $ 138.66 million
Federal funds sold and reverse repurchase $ 0.23 million
Net loans and leases $ 188.68 million
Loan loss allowance $ 1.73 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 13.96 million
     Total Assets $ 347.80 million
LIABILITIES
Total deposits $ 345.25 million
      Interest-bearing deposits $ 240.50 million
      Deposits held in domestic offices $ 345.25 million
      % insured (estimated) 74.35%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 2.16 million
      Total Liabilities $ 347.80 million
      Shareholders’ Equity $ 41.38 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 8.18 million
Total Interest Expense $ 2.06 million
Net interest income $ 6.12 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.93 million
Total non interest expense $ 4.54 million
Pre-tax Net Operating Income $ 2.23 million

Bank Loan Profile?

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

Compared to other banks in South Carolina, The Bank of Clarendon has a significantly higher percent of Small Business 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 22.82
Multifamily
Mortgages
1.67
Credit Card Loans 0.00
Consumer Auto Loans 1.50
Small Business Loans 21.43
Construction and Development Loans 5.82
Commercial Real Estate 36.33
Commercial and Industrial Loans 12.03
Farm Loans 1.64

Customer Reviews for The Bank of Clarendon


  • March 27, 2022

    Lately, I am constantly being locked out of my account. I have double-checked and triple-checked and everything is correct. It is the weekend of March 26, 2022, and I cannot get help with this...what am I to do?


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or use your BestCashCow account

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