The Elkhart State Bank

The Elkhart State Bank is headquartered in Elkhart and is the 520^th largest bank in the state of Texas. It is also the 6,414^st largest bank in the nation. It was established in 1911 and as of March of 2012, it had grown to 23 employees at 1 location. The Elkhart State Bank has a 5-star health rating.

Data for Q1 2012

Institution Statistics The Elkhart State Bank FDIC Certificate # 19487 BankRate Report View Year Established 1911 Employees 23 Primary Regulator FDIC Assets and Liabilities Assets $48.55 million Loans $19.28 million Deposits $41.60 million Equity Capital $6.47 million Loan Loss Allowance $478,000 Unbacked Noncurrent Loans $863,000 Real Estate Owned $39,000 Historic Data - March 2011 Assets $39.51 million Equity Capital $5.95 million Loan Loss Allowance $475,000 Unbacked Noncurrent Loans $560,000 Real Estate Owned $68,000 Profit Margin - Quarterly Net Interest Margin 6.11% Return on Assets 1.18% Return on Equity 8.52% Interest Income $651,000

Institution Health Overall Score: 5 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 The Elkhart State Bank had $902,000 in non-current loans and owned real-estate with $6.95 million in equity and loan loss allowances on hand to cover it. This gives The Elkhart State Bank a Texas Ratio of 12.98% 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 The Elkhart State Bank held steady from 9.78% as of March 31, 2011 to 12.98% as of March 31, 2012, resulting in a negative change of 32.78%. This indicates that the balance sheet and financial strength for The Elkhart State Bank has held steady in recent periods. Deposit Growth In the past year, The Elkhart State Bank has increased its total deposits by $8.45 million, resulting in 25.48% 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 Elkhart State 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. The Elkhart State Bank has $48.55 million in assets with $6.95 million in equity, resulting in a capitalization level of 14.31%, which is excellent.

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