Eaton Community Bank is headquartered in Charlotte and is the 35th largest bank in the state of Michigan. It is also the 1,897th largest bank in the nation. It was established in 1936 and as of September of 2020, it had grown to 83 employees at 7 locations. Eaton Community Bank has an A+ health rating.
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Best Bank You can Imagine
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.
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29846 |
| Year Established | 1936 |
| Employees | 83 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.64% |
| Return on Equity - YTD | 4.31% |
| Annual Interest Income | $10.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $407.7MM$371.5MM |
| Loans | Q3 2020vs Q3 2019 | $220.2MM$227.7MM |
| Deposits | Q3 2020vs Q3 2019 | $305.2MM$270.9MM |
| Equity Capital | Q3 2020vs Q3 2019 | $60.7MM$57.3MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $2.5MM$2.3MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $1.4MM$1.8MM |
| Real Estate Owned | Q3 2020vs Q3 2019 | $223.00K$0 |