Eureka Homestead

Eureka Homestead is headquartered in Metairie and is the 113^st largest bank in the state of Louisiana. It is also the 5,103^rd largest bank in the nation. It was established in 1884 and as of March of 2012, it had grown to 18 employees at 2 locations. Eureka Homestead has a 4-star health rating.

Eureka Homestead Routing Number: 265070529

Eureka Homestead Savings Account Rates

Eureka Homestead Money Market Rates

Eureka Homestead CD Rates

Data for Q1 2012

Institution Statistics Eureka Homestead OTS # 03193 FDIC Certificate # 29268 BankRate Report View Year Established 1884 Employees 18 Primary Regulator OCC Assets and Liabilities Assets $94.19 million Loans $52.58 million Deposits $62.27 million Equity Capital $11.75 million Loan Loss Allowance $900,000 Unbacked Noncurrent Loans $146,000 Real Estate Owned $900,000 Historic Data - March 2011 Assets $94.66 million Equity Capital $11.39 million Loan Loss Allowance $1,000,000 Unbacked Noncurrent Loans $304,000 Real Estate Owned $103,000 Profit Margin - Quarterly Net Interest Margin 2.39% Return on Assets 0.39% Return on Equity 3.17% Interest Income $909,000

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 Eureka Homestead had $1.05 million in non-current loans and owned real-estate with $12.65 million in equity and loan loss allowances on hand to cover it. This gives Eureka Homestead a Texas Ratio of 8.27% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Eureka Homestead held steady from 3.29% as of March 31, 2011 to 8.27% as of March 31, 2012, resulting in a negative change of 151.66%. This indicates that the balance sheet and financial strength for Eureka Homestead has held steady in recent periods. Deposit Growth In the past year, Eureka Homestead has increased its total deposits by $2.66 million, resulting in 4.47% 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 Eureka Homestead has shown is above average. 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. Eureka Homestead has $94.19 million in assets with $12.65 million in equity, resulting in a capitalization level of 13.43%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.