Eaton Federal Savings Bank

236 South Cochran Avenue
Charlotte, MI 48813
1-866-699-(3372)
www.eatonfed.com

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Eaton Federal Savings Bank is headquartered in Charlotte and is the 33^rd largest bank in the state of Michigan. It is also the 2,061^st largest bank in the nation. It was established in 1936 and as of March of 2012, it had grown to 67 employees at 5 locations. Eaton Federal Savings Bank has a 4-star health rating.

Eaton Federal Savings Bank Routing Number: 272471166

Top Long-Term CD Rates in Michigan at Eaton Federal Savings - Local Only - 6/16/2011

Eaton Federal Savings Bank is offering there competitive rates on its long-term CDs. These include a 2.17% APY 4-year CD, a 2.52% APY 5-year CD and a 2.93% APY 7-year CD. Minimum deposit is $500. Thes ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Eaton Federal Savings Bank Checking Account Rates

Apy	Min	Max	Product
0.10%	$300	-	Personal Checking
0.10%	-	-	Senior Checking

Eaton Federal Savings Bank Savings Account Rates

Apy	Min	Max	Product
0.20%	-	-	Statement Savings
0.20%	-	-	Christmas Club
0.20%	-	-	Penny Saver
0.20%	-	-	Tween Savings
0.20%	-	-	Teen Savings

Eaton Federal Savings Bank Money Market Rates

	Apy	Min	Max	Product
	0.20%	$2,500	-	Money Market Deposit Account (MMDA)

Eaton Federal Savings Bank CD Rates

Apy	Min	Max	Product
1.71%	$500	-	7 Year CD
1.51%	$500	-	5 Year CD
1.31%	$500	-	4 Year CD
1.00%	$500	-	3 Year CD
0.70%	$500	-	2 Year CD
0.50%	$500	-	1 Year CD
0.30%	$500	-	6 Month CD

Eaton Federal Savings Bank IRA Rates

Apy	Min	Max	Product
1.71%	$500	-	7 Year IRA
1.71%	$500	-	7 Year Roth IRA
1.51%	$500	-	5 Year IRA
1.51%	$500	-	5 Year Roth IRA
1.31%	$500	-	4 Year IRA
1.31%	$500	-	4 Year Roth IRA
1.00%	$500	-	3 Year IRA
1.00%	$500	-	3 Year Roth IRA
0.70%	$500	-	2 Year IRA
0.70%	$500	-	2 Year Roth IRA
0.50%	$500	-	1 Year IRA
0.50%	$500	-	1 Year Roth IRA
0.30%	$500	-	6 Month IRA
0.30%	$500	-	6 Month Roth IRA

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

Eaton Federal Savings Bank
OTS #	04194
FDIC Certificate #	29846
BankRate Report	View
Year Established	1936
Employees	67
Primary Regulator	OCC
Assets and Liabilities
Assets	$316.50 million
Loans	$186.04 million
Deposits	$255.86 million
Equity Capital	$45.13 million
Loan Loss Allowance	$2.88 million
Unbacked Noncurrent Loans	$6.76 million
Real Estate Owned	$1.82 million
Historic Data - March 2011
Assets	$312.49 million
Equity Capital	$44.13 million
Loan Loss Allowance	$2.85 million
Unbacked Noncurrent Loans	$6.24 million
Real Estate Owned	$3.16 million
Profit Margin - Quarterly
Net Interest Margin	3.03%
Return on Assets	0.13%
Return on Equity	0.93%
Interest Income	$3.12 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
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 March 31, 2012 Eaton Federal Savings Bank had $8.57 million in non-current loans and owned real-estate with $48.01 million in equity and loan loss allowances on hand to cover it. This gives Eaton Federal Savings Bank a Texas Ratio of 17.86% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Eaton Federal Savings Bank held steady from 20.02% as of March 31, 2011 to 17.86% as of March 31, 2012, resulting in a positive change of 10.77%.This indicates that the balance sheet and financial strength for Eaton Federal Savings Bank has held steady in recent periods.
Deposit Growth
In the past year, Eaton Federal Savings Bank has increased its total deposits by $12.91 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 Eaton Federal Savings Bank has shown is excellent.
Capitalization
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. Eaton Federal Savings Bank has $316.5 million in assets with $48.01 million in equity, resulting in a capitalization level of 15.17%, which is excellent.