Whether you're just starting out or about to retire, SNB Bank NA is here for you every step of the way.

New Family

Managing the financial responsibilities of family life

By the time you have a family of your own, there will be new expenses such as fees for various activities and lessons for your children, family vacations, saving for college educations, or buying a new home. Throughout this time, you should regularly evaluate your progress towards achieving the financial goals you set earlier in your life and adjust your spending, budgeting, and saving to make sure you stay on track. With all the demands a family places on your income, it is still important to build your long-term investments. Planning and discipline in determining how you spend your money contributes to your future financial success. Here are some tips we recommend for sound financial management during this demanding time of your life.

1. Shop for the best mortgage and consumer loans

Seeking the best mortgage or consumer loan by shopping, comparing and negotiating may save you thousands of dollars.

A mortgage — whether for a home purchase, refinancing or a home equity loan — is a product (just like a car) so terms may be negotiable. You’ll want to compare all the costs involved in obtaining a mortgage including interest rates, points, fees and down payment and private mortgage insurance requirements.

Home equity loans and lines of credit can be helpful when extra cash is needed to reduce significant credit card debt — but be cautious about rebuilding credit card debt once it is paid. With competitive rates, experienced lending professionals and local decision-making, you’ll be sure to find a loan at SNB Bank NA that meets your needs. To apply for a mortgage or consumer loan now, stop by and talk with one of our lending officers.

  • Fixed Rate Mortgages

  • Adjustable Rate Mortgages

  • Construction Loans

  • Installment Loans

  • Home Improvement Loans

  • Second Mortgage Loans

  • Installment Loans

  • Home Equity Loans

  • Home Equity Line of Credit

2. Understand your credit report

Your financial behavior over the past seven years, including how much credit you have, how long you've had it, and whether you pay your bills on time is information included in your credit report. Three credit reporting agencies — Equifax, TransUnion and Experian — maintain these reports, and lenders buy them to help them decide whether to offer you a prequalification. Your credit report also carries your credit score ranked between 300 and 850 that many lenders use to decide whether you are creditworthy and will repay a loan. Your credit score can also influence the interest rate you pay. In many cases, the higher your score, the lower your interest rate. Your credit score is available from the three credit reporting agencies:

3. Conserve time, money and paper with SNB Bank NA's convenient checking accounts with Online Banking, Bill Pay & E-Statements

Online Banking

Accessing your accounts has never been more convenient. They are also protected by very sophisticated security measures designed to protect your assets. All of your transactions are processed in a secure environment protected by some of the best encryption technology. That means your password, as well as information relating to you and your accounts are protected.

Bill Pay

Pay your bills with a click of a button! Bill Pay is free when 5 or more bills are paid through bill pay each month.


E-Statements are fast, free and easy. You will receive your bank statements before your paper copies can be mailed.

4. Save for Retirement

Many people underestimate the amount of money they’ll need for retirement.

Be realistic about major expenditures, e.g., will your mortgage be paid off by retirement? If so, you may need less income than you do now. Do you plan to buy a vacation home or travel extensively? Will you have to pay for your own health insurance? These and other financial considerations all come into play. Now is a good time to increase your contributions to your retirement savings accounts. Talk with SNB Bank NA’s financial consultants to learn about the products we offer to help you meet your retirement goals.

Traditional IRA

will produce tax-free income if certain rules are met. You or your beneficiary(ies) will not be required to include in income, for income tax purposes, a distribution paid from a Roth IRA, whether it be the return of a contribution or the account’s earnings, if certain rules are met. In some cases, you may be eligible to claim a tax credit because of your Roth IRA Contribution.

Roth IRA

is a special tax-deferred savings account authorized by Internal Revenue Code Section 408. It is a unique and simple way for you to save money for retirement.


  • Review the cost of your health care insurance and make sure you are getting adequate coverage at the best price.

  • Make wise purchasing decisions by determining what you “need” compared to what you “want”. This will help you make ongoing decisions to keep your finances in check.

  • Guard against impulse shopping, especially for costly purchases such as vehicles, major appliances, furniture, jewelry, etc.