Bank of Erath

105 West Edwards
Erath, LA 70533

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 8532
Date Established 1910
Assets $0.10 billion
Loans $0.07 billion
Deposits $0.09 billion
Capital $0.01 billion

Bank of Erath is an FDIC insured institution located in Erath, LA. It was founded in 1910 and has approximately $0.1 billion in assets. Customers can open an account at one of its 3 branches.

For a more detailed analysis of Bank of Erath'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 Erath’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Louisiana, Bank of Erath has a significantly higher percent of Commercial and Industrial 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 22.70
Multifamily
Mortgages
0.45
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 14.85
Commercial Real Estate 11.01
Commercial and Industrial Loans 42.13
Farm Loans 3.32

Deposit Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Bank Of Erath, but see these great savings and CD rates:

2.00% APY 12 Month CD from Synchrony Bank

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Erath

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
3.930% 3.875% 0.25 $1,787 $1,176 Learn More
PenFed Credit Union
NMLS ID: 401822
4.073% 3.990% 0.00 $2,500 $1,193 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.490% $224.24 Learn More
Flagstar Bank 5.240% $275.79 Learn More

Note to Bank of Erath
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Bank of Erath branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank of Erath Locations

Financial Details

Bank of Erath Ratio Analysis

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

Texas Ratio
Bank of Erath U.S. Bank Average
9.93% 8.32%

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 September 30, 2017, Bank of Erath had $966,000 in non-current loans and $450,000 in owned real estate. To cover these potential losses it had $13,805,000 in equity and $457,000 in loans loss reserves. That gives it a Texas Ratio of 9.93%.

Return on Equity
Bank of Erath U.S. Bank Average
4.64% 8.84%

Bank of Erath has a Return on Equity of 4.64% versus the BestCashCow average of 8.84%. 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.

Capitalization
Bank of Erath U.S. Bank Average
13.84% 12.21%

Bank of Erath has a Capitalization of 13.84% versus the BestCashCow average of 12.21. 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 Erath Balance Sheet Analysis

As of September 30, 2017, Bank of Erath had assets of $99,723,000, loans of $67,177,000, and deposits of $85,042,000. 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.

Frequently Asked Questions About Bank of Erath

Branches and Savings

Is Bank of Erath FDIC insured?

Yes. It is covered under FDIC Certificate #8532.

Why does Bank of Erath 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 Erath CD rates not competitive?

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

Is Bank of Erath a commercial bank?

Yes

Where are Bank of Erath locations?

See branch locations nearby.

Is Bank of Erath open on Saturdays?

Is Bank of Erath open on Sundays?

What time does Bank of Erath open?

What time does Bank of Erath close?

Are Bank of Erath ATMs Open 24/7?

Do Bank of Erath ATMs accept cash deposits?

Can Bank of Erath customers use other ATMs?

Do Bank of Erath branches have notaries?

Will Bank of Erath notarize my document?

What address for Bank of Erath should I put for incoming ACH transfers?

Will the Bank of Erath branch print checks?

Do Bank of Erath checks expire?

Does Bank of Erath require US citizenship to open account?

Can Bank of Erath close my account?

Does Bank of Erath Report to credit bureaus?

Does Bank of Erath Use Equifax?

What is Bank of Erath's ACH Routing Number?

What is Bank of Erath's SWIFT code?

Products

Does Bank of Erath offer mortgages?

Compare mortgage rates here.

Does Bank of Erath offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Erath offer personal loans?

Compare personal loan rates here.

Does Bank of Erath offer student loans?

Will Bank of Erath cash a check?

Will Bank of Erath redeem a savings bond?

Does Bank of Erath cash savings bonds?

Will Bank of Erath cash money orders?

Can Bank of Erath issue a money order?

Does Bank of Erath do currency exchange?

Background on The Bank

Who owns Bank of Erath?

How long has Bank of Erath been around?

Can Bank of Erath transfer to other banks?

Does Bank of Erath have quick pay?

Does Bank of Erath accept rolled coins?

Will Bank of Erath accept loose change?

Where is Bank of Erath headquarters?

Customer Reviews for Bank of Erath

There are currently no comments for Bank of Erath. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →