Ergo Bank

Overview / Commentary
86 East Water Street
Markesan, WI 53946

Ergo Bank is headquartered in Markesan and is the 168th largest bank in the state of Wisconsin. It is also the 4,189th largest bank in the nation. It was established in 1910 and as of September of 2019, it had grown to 19 employees at 2 locations. Ergo Bank's money market rates are 4X the national average, and it has a B+ health rating.


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Ergo Bank has a relatively low asset base.

Health Grade Components

FDIC Certificate #10004
Year Established1910
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD5.29%
Annual Interest Income$3.1MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$91.1MM$86.2MM
LoansQ3 2019vs Q3 2018$67.5MM$63.7MM
DepositsQ3 2019vs Q3 2018$78.9MM$72.6MM
Equity CapitalQ3 2019vs Q3 2018$11.8MM$11.2MM
Loan Loss AllowanceQ3 2019vs Q3 2018$1.2MM$1.1MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$1.2MM$919.00K
Real Estate OwnedQ3 2019vs Q3 2018$25.00K$25.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Ergo Bank Savings Account Rates

1.41%$100-Variable Rate IRA Account
0.30%--Go Statement Savings Account
0.30%--Business Savings

Ergo Bank Money Market Rates

1.77%*$250k*-Go Money Market
OTHER TIERS: 0.20% Up to $5k | 0.35% $5k - $25k | 0.50% $25k - $50k | 0.65% $50k - $75k | 0.85% $75k - $100k | 1.16% $100k - $250k
1.77%*$250k*-Business Money Market Account
OTHER TIERS: 0.20% Up to $5k | 0.35% $5k - $25k | 0.50% $25k - $50k | 0.65% $50k - $75k | 0.85% $75k - $100k | 1.16% $100k - $250k

Ergo Bank Checking Account Rates

0.45%$1k-Non-Profit Business Checking
0.40%*$15k*-Health Savings Account
OTHER TIERS: 0.01% Up to $500 | 0.30% $500 - $5k | 0.35% $5k - $15k
0.01%$1k-Go Checking

Ergo Bank CD Rates

2.46%$500-60 Month CD
2.16%$500-48 Month CD
1.91%$500-36 Month CD
1.76%$500-30 Month CD
1.66%$500-24 Month CD
1.56%$500-18 Month CD
1.46%$500-12 Month CD
1.35%$1k-182 Day CD
1.15%$2.5k-91 Day CD
1.00%$2.5k-31 Day CD

Ergo Bank IRA Rates

2.16%$500-48 Month Fixed Rate IRA
1.91%$500-36 Month Fixed Rate IRA
1.56%$100-18 Month Fixed Rate IRA

Ergo Bank Locations
314 West State Street Branch314 West State StreetFox Lake, WI 53933
Farmers State Bank86 East Water StreetMarkesan, WI 53946

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