Eaton Community Bank

Overview / Commentary
236 South Cochran Avenue
Charlotte, MI 48813

Eaton Community Bank is headquartered in CHARLOTTE and is the 37th largest bank in the state of Michigan. It is also the 1,911th largest bank in the nation. It was established in 1936 and as of December of 2023, it had grown to 84 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

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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 Grade Components

FDIC Certificate #29846
Year Established1936
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD6.95%
Annual Interest Income$20.5MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$448.4MM$459.6MM
LoansQ4 2023vs Q4 2022$230MM$206.3MM
DepositsQ4 2023vs Q4 2022$339.7MM$345.9MM
Equity CapitalQ4 2023vs Q4 2022$56.3MM$48.2MM
Loan Loss AllowanceQ4 2023vs Q4 2022$2.3MM$3MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$687K$576K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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Eaton Community Bank CD Rates

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

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

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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