Bank of Erath


Overview / Commentary
337-937-5816
105 W. Edwards Street
Erath, LA 70533

Bank of Erath is headquartered in ERATH and is the 92nd largest bank in the state of Louisiana. It is also the 3,725th largest bank in the nation. It was established in 1910 and as of June of 2024, it had grown to 27 employees at 3 locations. Bank of Erath has a C+ health rating.

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Health
C+

Health Grade Components

Overall
FDIC Certificate #8532
Year Established1910
Employees27
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD5.09%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$113.2MM$113.7MM
LoansQ2 2024vs Q2 2023$60.7MM$65.5MM
DepositsQ2 2024vs Q2 2023$96.2MM$97.2MM
Equity CapitalQ2 2024vs Q2 2023$12.8MM$11.8MM
Loan Loss AllowanceQ2 2024vs Q2 2023$727K$847K
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$2.9MM$925K
Real Estate OwnedQ2 2024vs Q2 2023$0$45K
Rates

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Locations


Bank of Erath Locations
Bank Of Erath105 W Edward StErath, LA 70533
Abbeville Branch1309 Charity StreetAbbeville, LA 70510
Delcambre BranchRailroad and Main StreetsDelcambre, LA 70528

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