El Dorado Savings Bank, F.S.B. is headquartered in Placerville and is the 39th largest bank in the state of California. It is also the 404th largest bank in the nation. It was established in 1956 and as of December of 2019, it had grown to 279 employees at 35 locations. El Dorado Savings Bank, F.S.B.'s money market rates are 14% higher than the national average, and it has an A health rating.
Eldorado options
My experience with being a customer of this bank has always been very positive. I think that the bank teller staff at this bank is always friendly and courteous to me, and it appears to all people that go into the bank too. Another good thing about this bank is that they always give me very prompt and efficient service, with little to no lines to ever wait in, they never waste my time there. They always have plenty of people on staff at the bank, ready to assist me whenever I need it. I feel that this bank is a good one to use, with many different available options for my banking needs. This bank also has options to avoid fees, and has even allowed me one time to avoid getting a fee as well too. I think that they are one of the best local banks to bank with.
OK
El Dorado Savings Bank is great if you're a local. They don't have many locations, but the ones they have are conveniently located, especially the branches where there aren't many other banks or ATMs around (for instance, the Rancho Murieta location). The customer service has always been phenomenal. When you call the phone number on the back of your card, a person actually answers right away. I love that level of personal customer service.
The main issues I've experienced with El Dorado Savings Bank involve convenience. As a result, it became difficult for me to keep them as my primary bank and I ended up switching to a national bank. While I'm happy with my current bank, I'd love if El Dorado Savings did a few things to make it easier to have them as my primary bank. For instance, not having ATM fee reimbursement is pretty ridiculous when you only have a handful of branches. Even when I'm not traveling out of the area, Sacramento is extremely sprawled out and I'd end up spending the same amount in gas trying to avoid an ATM fee.
I also wish they had a more comprehensive online banking service. I understand that this is a small local bank but again, when you only have several locations, I need to be able to do a lot more online so I don't have to drive across town.
Some of the above and beyond customer service they've had in the past has lessened--they're less forgiving about fees and have tightened up certain benefits to having accounts with them. I understand that this was probably a necessity and that people were taking advantage of these services, but I feel they need to do more to compete with large national banks.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 30953 |
| Year Established | 1956 |
| Employees | 279 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.89% |
| Return on Equity - YTD | 7.94% |
| Annual Interest Income | $57.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $2.18B$2.18B |
| Loans | Q4 2019vs Q4 2018 | $592.5MM$581.1MM |
| Deposits | Q4 2019vs Q4 2018 | $1.92B$1.94B |
| Equity Capital | Q4 2019vs Q4 2018 | $251.2MM$237.3MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $4.9MM$4.8MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $3.8MM$4.2MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |
