Overview / Commentary
Bank of Elgin is headquartered in Elgin and is the 125th largest bank in the state of Nebraska. It is also the 4,750th largest bank in the nation. It was established in 1935 and as of December of 2018, it had grown to 8 employees at 1 location. Bank of Elgin's CD rates are 68% higher than the national average, and it has a B+ health rating.
Health
B+
Data as of Q4 2018
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 | 2.11% |
| Return on Equity - YTD | 16.13% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $61.3MM$59.4MM |
| Loans | Q4 2018vs Q4 2017 | $46.2MM$41.9MM |
| Deposits | Q4 2018vs Q4 2017 | $47.6MM$49.7MM |
| Equity Capital | Q4 2018vs Q4 2017 | $8.5MM$7.7MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $653.00K$600.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $0$0 |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Rates
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Bank of Elgin Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | - | - | Pass Book Savings | |
| 0.20% | - | - | Health Savings Account |
Bank of Elgin Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | $2.5k | - | Money Market |
Bank of Elgin Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | $2.5k | - | Super NOW Account | |
| 0.15% | $1k | - | NOW Account |
Bank of Elgin CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.27% | $500 | - | 48 Month CD | |
| 2.06% | $500 | - | 36 Month CD | |
| 1.76% | $500 | - | 24 Month CD | |
| 1.61% | $500 | - | 15 Month CD | |
| 1.51% | $500 | - | 12 Month CD | |
| 1.06% | $500 | - | 182 Day CD | |
| 0.50% | $500 | - | 91 Day CD | |
| 0.35% | $500 | - | 31 Day CD |
Bank of Elgin IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.02% | - | - | 48 Month IRA | |
| 1.86% | - | - | 36 Month IRA | |
| 1.56% | - | - | 24 Month IRA | |
| 1.16% | - | - | 15 Month IRA | |
| 1.05% | - | - | 12 Month IRA | |
| 0.85% | - | - | 182 Day IRA |
Locations
| Bank of Elgin Locations | ||
|---|---|---|
| Bank Of Elgin | 101 North 2nd Street | Elgin, NE 68636 |