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Bank of Elgin


Overview / Commentary
bankofelgin.com
402-843-2228
101 North 2nd Street
Elgin, NE 68636

Bank of Elgin is headquartered in Elgin and is the 123rd largest bank in the state of Nebraska. It is also the 4,582nd largest bank in the nation. It was established in 1935 and as of December of 2019, it had grown to 8 employees at 1 location. Bank of Elgin's CD rates are 11% higher than the national average, and it has an A health rating.

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Health
A

Data as of Q4 2019

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Bank of Elgin has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #16154
Year Established1935
Employees8
Primary RegulatorFED
Profit Margin
Return on Assets - YTD2.23%
Return on Equity - YTD15.04%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$61.3MM$61.3MM
LoansQ4 2019vs Q4 2018$45.4MM$46.2MM
DepositsQ4 2019vs Q4 2018$51.2MM$47.6MM
Equity CapitalQ4 2019vs Q4 2018$9.4MM$8.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$655.00K$653.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$0$0
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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Bank of Elgin Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Health Savings Account
0.10%--Pass Book Savings

Bank of Elgin Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$2.5k-Money Market

Bank of Elgin Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$2.5k-Super NOW Account
0.05%$1k-NOW Account

Bank of Elgin CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.31%$500-48 Month CD
1.21%$500-36 Month CD
1.00%$500-12 Month CD
1.00%$500-24 Month CD
1.00%$500-15 Month CD
0.50%$500-182 Day CD
0.30%$500-91 Day CD
0.25%$500-31 Day CD

Bank of Elgin IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.31%--48 Month IRA
1.21%--36 Month IRA
1.00%--12 Month IRA
1.00%--24 Month IRA
1.00%--15 Month IRA
0.50%--182 Day IRA
Locations


Bank of Elgin Locations
Bank Of Elgin101 North 2nd StreetElgin, NE 68636

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