Overview / Commentary
Bank of Elgin is headquartered in Elgin and is the 127th largest bank in the state of Nebraska. It is also the 4,709th largest bank in the nation. It was established in 1935 and as of September of 2019, it had grown to 8 employees at 1 location. Bank of Elgin's CD rates are 40% higher than the national average, and it has a B+ health rating.
Health
B+
Data as of Q3 2019
Learn why bank health mattersAdditional 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 Established | 1935 |
| Employees | 8 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.29% |
| Return on Equity - YTD | 15.58% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $56.6MM$61.9MM |
| Loans | Q3 2019vs Q3 2018 | $44.0MM$45.2MM |
| Deposits | Q3 2019vs Q3 2018 | $46.4MM$46.1MM |
| Equity Capital | Q3 2019vs Q3 2018 | $9.1MM$8.2MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $654.00K$637.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $0$4.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |
Rates
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Bank of Elgin Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | - | - | Health Savings Account | |
| 0.15% | - | - | Pass Book Savings |
Bank of Elgin Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | $2.5k | - | Money Market |
Bank of Elgin Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $2.5k | - | Super NOW Account | |
| 0.10% | $1k | - | NOW Account |
Bank of Elgin CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.81% | $500 | - | 48 Month CD | |
| 1.71% | $500 | - | 36 Month CD | |
| 1.51% | $500 | - | 24 Month CD | |
| 1.31% | $500 | - | 15 Month CD | |
| 1.26% | $500 | - | 12 Month CD | |
| 0.80% | $500 | - | 182 Day CD | |
| 0.30% | $500 | - | 91 Day CD | |
| 0.25% | $500 | - | 31 Day CD |
Bank of Elgin IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.81% | - | - | 48 Month IRA | |
| 1.71% | - | - | 36 Month IRA | |
| 1.51% | - | - | 24 Month IRA | |
| 1.31% | - | - | 15 Month IRA | |
| 1.26% | - | - | 12 Month IRA | |
| 0.80% | - | - | 182 Day IRA |
Locations
| Bank of Elgin Locations | ||
|---|---|---|
| Bank Of Elgin | 101 North 2nd Street | Elgin, NE 68636 |