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Overview / Commentary
337-937-5816
105 West Edwards
Erath, LA 70533

Bank of Erath is headquartered in Erath and is the 112st largest bank in the state of Louisiana. It is also the 4,908th largest bank in the nation. It was established in 1910 and as of December of 2013, it had grown to 33 employees at 3 locations. Bank of Erath has a A+ health rating.

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Health

Data for Q4 2013

Institution Health

A+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Bank of Erath has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Bank of Erath had $127,000 in non-current loans and owned real-estate with $12.93 million in equity and loan loss allowances on hand to cover it. This gives Bank of Erath a Texas Ratio of 0.98% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Bank of Erath decreased dramatically from 1.40% as of December 31, 2012 to 0.98% as of December 31, 2013, resulting in a positive change of 30.05%.This indicates that the balance sheet and financial strength for Bank of Erath has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Bank of Erath has increased its total deposits by $4.07 million, resulting in 5.31% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Erath has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Erath has $93.46 million in assets with $12.93 million in equity, resulting in a capitalization level of 13.83%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #8532
Year Established1910
Employees33
Primary RegulatorFDIC
Assets and Liabilities
Assets$93.46 million
Loans$57.47 million
Deposits$80.75 million
Equity Capital$12.32 million
Loan Loss Allowance$613,000
Unbacked Noncurrent Loans$92,000
Real Estate Owned$35,000
Historic Data - December 2012
Assets$90.23 million
Equity Capital$12.81 million
Loan Loss Allowance$582,000
Unbacked Noncurrent Loans$92,000
Real Estate Owned$9,000
Profit Margin - Quarterly
Net Interest Margin4.12%
Return on Assets0.75%
Return on Equity5.52%
Interest Income$3.91 million
Rates

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Bank of Erath Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$1k-Savings Passbook
0.10%$1k-Christmas Club

Bank of Erath Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Money Market Investment Account

Bank of Erath Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$1k-Personal NOW
0.25%$1k-Business NOW

Bank of Erath CD Rates

DetailsAPYMINMAXPRODUCT
0.95%$1k-5 Year Jumbo CD
0.85%$1k-5 Year CD
0.85%$1k-3 Year Jumbo CD
0.75%$1k-3 Year CD
0.75%$1k-2 Year Jumbo CD
0.65%$1k-2 Year CD
0.60%$1k-1 Year Jumbo CD
0.50%$1k-1 Year CD
0.45%$1k-6 Month Jumbo CD
0.35%$1k-6 Month CD

Bank of Erath IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-5 Year IRA
0.95%$1k-3 Year IRA
0.65%$1k-2 Year IRA
0.50%$1k-1 Year IRA
Locations


Bank of Erath Locations
Bank Of Erath105 West EdwardsErath, LA 70533
Abbeville Branch1309 Charity StreetAbbeville, LA 70510
Delcambre BranchRailroad and Main StreetsDelcambre, LA 70528