Bank of Elgin

101 North 2nd Street
Elgin, NE 68636


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16154
Date Established 1935
Assets $0.06 billion
Loans $0.05 billion
Deposits $0.05 billion
Capital $0.01 billion

Bank of Elgin is an FDIC insured institution located in Elgin, NE. It was founded in 1935 and has approximately $0.06 billion in assets.

For a more detailed analysis of Bank of Elgin's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank of Elgin’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Nebraska, Bank of Elgin has a significantly higher percent of Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 1.05
Credit Card Loans 0.00
Consumer Auto Loans 0.71
Small Business Loans 3.06
Construction and Development Loans 0.03
Commercial Real Estate 3.06
Commercial and Industrial Loans 5.75
Farm Loans 49.78

Deposit Rates - June 16, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $1 - Learn MoreShow Less
3 Mo CD
0.50% $500 - Learn MoreShow Less
6 Mo CD
1.06% $500 - Learn MoreShow Less
12 Mo CD
1.51% $500 - Learn MoreShow Less
24 Mo CD
1.76% $500 - Learn MoreShow Less
36 Mo CD
2.06% $500 - Learn MoreShow Less
48 Mo CD
2.27% $500 - Learn MoreShow Less

Fixed IRA
1.05% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1,000 - Learn MoreShow Less

Loan Rates - June 16, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Bank of Elgin

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
5.490 %
N/A Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Bank of Elgin
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Financial Details

Bank of Elgin Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Elgin. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Elgin U.S. Bank Average
0% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2018, Bank of Elgin had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,497,000 in equity and $653,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Bank of Elgin U.S. Bank Average
16.13% 8.80%

Bank of Elgin has a Return on Equity of 16.13% versus the BestCashCow average of 8.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Bank of Elgin U.S. Bank Average
13.85% 12.29%

Bank of Elgin has a Capitalization of 13.85% versus the BestCashCow average of 12.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Elgin Balance Sheet Analysis

As of December 31, 2018, Bank of Elgin had assets of $61,334,000, loans of $46,193,000, and deposits of $47,606,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2018
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.05 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.05 billion
Total deposits $0.05 billion
      Interest-bearing deposits $0.03 billion
      Deposits held in domestic offices $0.05 billion
      % insured (estimated) 87.95%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.05 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

December 31, 2018
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Bank Of Elgin

Branches and Savings

Is Bank Of Elgin FDIC insured?

Yes. It is covered under FDIC Certificate #16154.

Why does Bank Of Elgin pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Of Elgin CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Of Elgin a commercial bank?


Where are Bank Of Elgin locations?

See branch locations nearby.

Is Bank Of Elgin open on Saturdays?

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What time does Bank Of Elgin open?

What time does Bank Of Elgin close?

Are Bank Of Elgin ATMs Open 24/7?

Do Bank Of Elgin ATMs accept cash deposits?

Can Bank Of Elgin customers use other ATMs?

Do Bank Of Elgin branches have notaries?

Will Bank Of Elgin notarize my document?

What address for Bank Of Elgin should I put for incoming ACH transfers?

Will the Bank Of Elgin branch print checks?

Do Bank Of Elgin checks expire?

Does Bank Of Elgin require US citizenship to open account?

Can Bank Of Elgin close my account?

Does Bank Of Elgin Report to credit bureaus?

Does Bank Of Elgin Use Equifax?

What is Bank Of Elgin's ACH Routing Number?

What is Bank Of Elgin's SWIFT code?


Does Bank Of Elgin offer mortgages?

Compare mortgage rates here.

Does Bank Of Elgin offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Elgin offer personal loans?

Compare personal loan rates here.

Does Bank Of Elgin offer student loans?

Will Bank Of Elgin cash a check?

Will Bank Of Elgin redeem a savings bond?

Does Bank Of Elgin cash savings bonds?

Will Bank Of Elgin cash money orders?

Can Bank Of Elgin issue a money order?

Does Bank Of Elgin do currency exchange?

Background on The Bank

Who owns Bank Of Elgin?

How long has Bank Of Elgin been around?

Can Bank Of Elgin transfer to other banks?

Does Bank Of Elgin have quick pay?

Does Bank Of Elgin accept rolled coins?

Will Bank Of Elgin accept loose change?

Where is Bank Of Elgin headquarters?

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