Bank of Elgin

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.55%	1-year CD	12 Month CD 1.05% - Ally Bank High Yield 12-Month CD
0.20%	Savings	Pass Book Savings 1.00% - Ally Bank Online Savings Account
1.28%	4-year CD	48 Month CD 1.40% - Ally Bank Raise Your Rate 4-Year CD

View all Bank of Elgin rates »

Overview / Commentary

www.bankofelgin.net

402-843-2228

101 North 2nd Street
Elgin, NE 68636

Bank of Elgin is headquartered in Elgin and is the 130^th largest bank in the state of Nebraska. It is also the 5,300^th largest bank in the nation. It was established in 1935 and as of June of 2016, it had grown to 8 employees at 1 location. Bank of Elgin has a B+ health rating.

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Health

B+

Data as of Q2 2016

Learn more about bank health

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 Established	1935
Employees	8
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.57%
Return on Equity - YTD	14.21%
Annual Interest Income	$1.0MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$57.2MM$59.8MM
Loans	Q2 2016vs Q2 2015	$40.6MM$42.2MM
Deposits	Q2 2016vs Q2 2015	$47.1MM$49.1MM
Equity Capital	Q2 2016vs Q2 2015	$6.6MM$6.0MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$596.00K$556.00K
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$21.00K$0
Real Estate Owned	Q2 2016vs Q2 2015	$0$0

Rates

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Savings
Money Market
Checking
CD
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Bank of Elgin Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	-	-	Pass Book Savings

Bank of Elgin Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	$2,500	-	Money Market

Bank of Elgin Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%	$2,500	-	Super NOW Account
0.10%	$1k	-	NOW Account

Bank of Elgin CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.28%	$500	-	48 Month CD
1.05%	$500	-	36 Month CD
0.85%	$500	-	24 Month CD
0.65%	-	-	15 Month CD
0.55%	$500	-	12 Month CD
0.35%	$500	-	182 Day CD
0.20%	$500	-	91 Day CD
0.15%	$500	-	31 Day CD

Bank of Elgin IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.28%	$500	-	48 Month IRA
1.05%	$500	-	36 Month IRA
0.85%	$500	-	24 Month IRA
0.65%	-	-	15 Month IRA
0.55%	$500	-	12 Month IRA
0.35%	$500	-	182 Day IRA

Locations

Bank of Elgin Locations
Bank Of Elgin	101 North 2nd Street	Elgin, NE 68636