Eaton Community Bank


Overview / Commentary
517-543-3880
236 South Cochran Avenue
Charlotte, MI 48813

Eaton Community Bank is headquartered in CHARLOTTE and is the 38th largest bank in the state of Michigan. It is also the 1,913th largest bank in the nation. It was established in 1936 and as of June of 2023, it had grown to 89 employees at 7 locations. Eaton Community Bank's CD rates are 5X the national average, and it has an A health rating.

Reviews (1)

Best Bank You can Imagine

Posted by: |

Eaton Federal Savings Bank is the best bank you can imagine. Their customer service is top notch. We live in a poorer community with a lot of elderly people. These people survey on social security and most don't have checking accounts. They get their monthly Social Security check directly deposited by the federal government into their Eaon Federal Savings Account. Many of these elderly people come into Eaton Federal Savings Bank the day their Social Security check is deposited in their savings account. They come with all of their monthly bills and bring them to the bank tellers. The bank tellers will then write money orders for each of these elderly persons' bills and mail them. It is an incredible service for these people that the bank does not charge for. My favorite service I use at the bank is free checking. There is no monthly fee and no minimum balance for this account. You also get an ATM card with this account. It is a great bank.



Health

Health Grade Components

Overall
FDIC Certificate #29846
Year Established1936
Employees89
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD6.6%
Annual Interest Income$9.9MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$441.1MM$438.4MM
LoansQ2 2023vs Q2 2022$218.3MM$187.5MM
DepositsQ2 2023vs Q2 2022$343.0MM$359.5MM
Equity CapitalQ2 2023vs Q2 2022$52.0MM$49.6MM
Loan Loss AllowanceQ2 2023vs Q2 2022$2.5MM$2.9MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$633.00K$2.3MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates
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Eaton Community Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.32%$500-2 Year CD
4.06%$500-1 Year CD
3.55%$500-3 Year CD
3.55%$500-4 Year CD
3.55%$500-5 Year CD
2.52%$500-6 Month CD

Eaton Community Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.32%$500-2 Year IRA
4.06%$500-1 Year IRA
3.55%$500-3 Year IRA
3.55%$500-4 Year IRA
3.55%$500-5 Year IRA
2.52%$500-6 Month IRA
Locations


Eaton Community Bank Locations
103 S Main Branch103 South MainOlivet, MI 49076
109 S Main Branch109 South MainNashville, MI 49073
Eaton Federal Savings Bank236 S Cochran AveCharlotte, MI 48813
307 South Main Branch307 South MainEaton Rapids, MI 48827
Grand Ledge Branch500 South ClintonGrand Ledge, MI 48837
Sockbrige Br122 West Main StreetStockbridge, MI 49285

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