Bank of Erath is headquartered in Erath and is the 111st largest bank in the state of Louisiana. It is also the 4,756th largest bank in the nation. It was established in 1910 and as of June of 2014, it had grown to 34 employees at 3 locations. Bank of Erath has a A health rating.
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The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Bank of Erath had $47,000 in non-current loans and owned real-estate with $13.49 million in equity and loan loss allowances on hand to cover it. This gives Bank of Erath a Texas Ratio of 0.35% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Bank of Erath decreased dramatically from 1.76% as of June 30, 2013 to 0.35% as of June 30, 2014, resulting in a positive change of 80.21%.This indicates that the balance sheet and financial strength for Bank of Erath has improved dramatically in recent periods.
In the past year, Bank of Erath has increased its total deposits by $3.4 million, resulting in 4.25% 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.
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 $97.06 million in assets with $13.49 million in equity, resulting in a capitalization level of 13.89%, which is excellent.
|FDIC Certificate #||8532|
|Assets and Liabilities|
|Equity Capital||$12.89 million|
|Loan Loss Allowance||$601,000|
|Real Estate Owned||$47,000|
|Historic Data - June 2013|
|Equity Capital||$12.40 million|
|Loan Loss Allowance||$438,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$71,000|
|Profit Margin - Quarterly|
|Return on Assets||0.64%|
|Return on Equity||4.88%|
|Interest Income||$1.98 million|
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|0.25%||$100k||-||Money Market Investment Account|
|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|
|1.00%||$1k||-||5 Year IRA|
|0.95%||$1k||-||3 Year IRA|
|0.65%||$1k||-||2 Year IRA|
|0.50%||$1k||-||1 Year IRA|
|Bank of Erath Locations|
|Bank Of Erath||105 West Edwards||Erath, LA 70533|
|Abbeville Branch||1309 Charity Street||Abbeville, LA 70510|
|Delcambre Branch||Railroad and Main Streets||Delcambre, LA 70528|