The East Carolina Bank

35050 US Highway 264
Engelhard, NC 27824
(252) 925-9461
www.ecbbancorp.com

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The East Carolina Bank is headquartered in Engelhard and is the 20^th largest bank in the state of North Carolina. It is also the 722^nd largest bank in the nation. It was established in 1919 and as of September of 2011, it had grown to 246 employees at 25 locations. The East Carolina Bank's savings rates are 3X the national average, and it has a 3-star health rating.

The East Carolina Bank Routing Number: 053106799

East Carolina Bank - Rewards Checking Rate & Balance Tier Cut - 3.01% On $15K Starting 4/1/11 (No April Fools Joke!) (Forum) - 3/1/2011

In my monthly E-mail from East Carolina Bank (ECB) on my Rewards Checking activity, I noted the following: Notice of Tier and Rate Change for ECB Reward Checking: In response to the current rate environment, effective April 1, 2011, East Carolina Bank w

Top CD and Reward Checking Rates Continue at The East Carolina Bank - NC Only - 11/29/2010

The East Carolina Bank continues to offer a very competitive reward checking account. It still pays 4.01% APY on balances up to $25K as of 11/29/2010. The bank also offers a companion savings account ...

Top CD and Reward Checking Rates at The East Carolina Bank - NC Only - 9/27/2010

The East Carolina Bank continues to offer a very competitive reward checking account. It still pays 4.01% APY on balances up to $25K as of 9/27/2010. The bank also offers a companion savings account c ...

High-Yield Reward Checking and Savings Account at East Carolina Bank - North Carolina Only - 5/17/2010

The East Carolina Bank is offering competitive rates on its reward checking and savings account package. First, the reward checking account has the following rates and features if certain monthly req ...

2009

10/14 - 2.50% 13-Month CD & 3.00% 25-Month CD at The East Carolina Bank - Local Only

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

The East Carolina Bank Checking Account Rates

Apy	Min	Max	Product
3.01%	-	$15k	Reward Checking
0.85%	$250k	-	Elite Prosperity
0.05%	$100	-	Primary Plus (NOW)
0.05%	$100	-	ECB Best Plus
0.05%	$100	-	ECB Best 50 Plus
0.05%	$2,500	-	Public Insured Funds Management Checking
0.05%	$1k	-	ECB Money Plus

The East Carolina Bank Savings Account Rates

Apy	Min	Max	Product
1.50%	-	$50k	Real Saver
0.10%	$100	-	ECB Primary Savings

The East Carolina Bank Money Market Rates

Apy	Min	Max	Product
1.01%	$1m	-	Executive Money Management
1.01%	$1m	-	Business Money Management
0.35%	$1m	-	Public Insured Funds Management Money Market Checking

The East Carolina Bank CD Rates

Apy	Min	Max	Product
1.30%	$1k	-	60 Month CD
1.30%	$1k	-	Business 60 Month CD
1.10%	$1k	-	48 Month CD
1.10%	$1k	-	Business 48 Month CD
0.90%	$1k	-	36 Month CD
0.90%	$1k	-	Business 36 Month CD
0.75%	$100k	-	1 Year Jumbo CD
0.75%	$100k	-	Business 1 Year Jumbo CD
0.70%	$100k	-	270 - 364 Day Jumbo CD
0.70%	$1k	-	30 Month CD
0.70%	$100k	-	Business 270 - 364 Day Jumbo CD
0.70%	$1k	-	Business 30 Month CD
0.65%	$100k	-	210 - 269 Day Jumbo CD
0.65%	$100k	-	Business 210 - 269 Day Jumbo CD
0.60%	$100k	-	180 - 209 Day Jumbo CD
0.60%	$100k	-	Business 180 - 209 Day Jumbo CD
0.55%	$100k	-	150 - 179 Day Jumbo CD
0.55%	$100k	-	Business 150 - 179 Day Jumbo CD
0.50%	$100k	-	120 - 149 Day Jumbo CD
0.50%	$1k	-	24 Month CD
0.50%	$100k	-	Business 120 - 149 Day Jumbo CD
0.50%	$1k	-	Business 24 Month CD
0.45%	$1k	-	18 Month CD
0.45%	$1k	-	Business 18 Month CD
0.40%	$100k	-	60 - 89 Day Jumbo CD
0.40%	$100k	-	90 - 119 Day Jumbo CD
0.40%	$1k	-	12 Month CD
0.40%	$100k	-	Business 60 - 89 Day Jumbo CD
0.40%	$100k	-	Business 90 - 119 Day Jumbo CD
0.40%	$1k	-	Business 12 Month CD
0.30%	$100k	-	30 - 59 Day Jumbo CD
0.30%	$100k	-	Business 30 - 59 Day Jumbo CD
0.25%	$100k	-	7 - 13 Day Jumbo CD
0.25%	$100k	-	14 - 29 Day Jumbo CD
0.25%	$50k	-	7 Day CD
0.25%	$1k	-	182 - 364 Day CD
0.25%	$100k	-	Business 7 - 13 Day Jumbo CD
0.25%	$50k	-	Business 7 Day CD
0.25%	$100k	-	Business 14 - 29 Day Jumbo CD
0.25%	$1k	-	Business 182 - 364 Day CD
0.15%	$1k	-	91 - 181 Day CD
0.15%	$1k	-	Business 91 - 181 Day CD
0.10%	$500	-	8 - 90 Day CD
0.10%	$500	-	Business 8 - 90 Day CD

The East Carolina Bank IRA Rates

Apy	Min	Max	Product
0.75%	$500	-	30 Month CESA
0.75%	$500	-	30 Month Roth IRA
0.75%	$500	-	30 Month IRA
0.65%	$500	-	18 Month CESA
0.65%	$500	-	18 Month Roth IRA
0.65%	$500	-	18 Month IRA
0.50%	$500	-	12 Month CESA
0.50%	$500	-	12 Month Roth IRA
0.50%	$500	-	12 Month IRA
0.25%	-	-	Variable Rate CESA Savings
0.25%	-	-	Variable Rate Roth IRA Savings
0.25%	-	-	Variable Rate IRA Savings

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

The East Carolina Bank
FDIC Certificate #	2017
BankRate Report	View
Year Established	1919
Employees	246
Primary Regulator	FDIC
Assets and Liabilities
Assets	$923.70 million
Loans	$511.75 million
Deposits	$796.61 million
Equity Capital	$83.25 million
Loan Loss Allowance	$12.21 million
Unbacked Noncurrent Loans	$20.74 million
Real Estate Owned	$6.22 million
Historic Data - September 2010
Assets	$932.21 million
Equity Capital	$69.74 million
Loan Loss Allowance	$13.19 million
Unbacked Noncurrent Loans	$16.55 million
Real Estate Owned	$5.25 million
Profit Margin - Quarterly
Net Interest Margin	3.23%
Return on Assets	0.08%
Return on Equity	0.96%
Interest Income	$28.34 million

Institution Health

Overall Score:

3 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 September 30, 2011 The East Carolina Bank had $26.96 million in non-current loans and owned real-estate with $95.46 million in equity and loan loss allowances on hand to cover it. This gives The East Carolina Bank a Texas Ratio of 28.25% 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 The East Carolina Bank held steady from 26.29% as of September 30, 2010 to 28.25% as of September 30, 2011, resulting in a negative change of 7.46%. This indicates that the balance sheet and financial strength for The East Carolina Bank has held steady in recent periods.
Deposit Growth
In the past year, The East Carolina Bank has decreased its total deposits by -$11.88 million, resulting in -1.47% 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 The East Carolina Bank has shown is below 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. The East Carolina Bank has $923.7 million in assets with $95.46 million in equity, resulting in a capitalization level of 10.33%, which is above average.