Bank of Elgin

Overview / Commentary

402-843-2228

101 North 2nd Street
Elgin, NE 68636

Bank of Elgin is headquartered in Elgin and is the 123^rd largest bank in the state of Nebraska. It is also the 4,582^nd 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 has an A health rating.

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Health

Data as of Q4 2019

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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	2.23%
Return on Equity - YTD	15.04%
Annual Interest Income	$2.5MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$61.3MM$61.3MM
Loans	Q4 2019vs Q4 2018	$45.4MM$46.2MM
Deposits	Q4 2019vs Q4 2018	$51.2MM$47.6MM
Equity Capital	Q4 2019vs Q4 2018	$9.4MM$8.5MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$655.00K$653.00K
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$0$0
Real Estate Owned	Q4 2019vs Q4 2018	$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
0.15%	-	-	Health Savings Account
0.10%	-	-	Pass Book Savings

Bank of Elgin Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%	$2.5k	-	Money Market

Bank of Elgin Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$2.5k	-	Super NOW Account
0.05%	$1k	-	NOW Account

Bank of Elgin CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.05%	$500	-	48 Month CD
0.95%	$500	-	36 Month CD
0.75%	$500	-	24 Month CD
0.75%	$500	-	15 Month CD
0.70%	$500	-	12 Month CD
0.45%	$500	-	182 Day CD
0.25%	$500	-	91 Day CD
0.20%	$500	-	31 Day CD

Bank of Elgin IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.05%	-	-	48 Month IRA
0.95%	-	-	36 Month IRA
0.75%	-	-	24 Month IRA
0.75%	-	-	15 Month IRA
0.70%	-	-	12 Month IRA
0.45%	-	-	182 Day IRA

Locations

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

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