EagleBank

Headquarters

7815 Woodmont Avenue
Bethesda, MD 20814
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.35% 1.05% →
2-Year CD 0.42% 1.11% →
5-Year CD 0.65% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

EagleBank is an FDIC insured institution located in Bethesda, MD. It was founded in 1998 and has approximately $9.98 billion in assets. Customers can open an account at one of its 23 branches.

FDIC Insured Yes
FDIC Certificate # 34742
Date Established 1998
Assets $ 9.98 billion
Loans $ 7.80 billion
Deposits $ 8.21 billion
Capital $ 1,312.28 million
 

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

Deposit Rates - August 11, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.35% $10,000 $14,999 Learn More
12 Mo CD
0.35% $100,000 $199,999 Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.42% $10,000 $14,999 Learn More
24 Mo CD
0.42% $100,000 $199,999 Learn More
30 Mo CD
0.47% $10,000 $14,999 Learn More
30 Mo CD
0.47% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.60% $10,000 $14,999 Learn More
48 Mo CD
0.60% $100,000 $199,999 Learn More
60 Mo CD
0.65% $10,000 $14,999 Learn More
60 Mo CD
0.65% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 11, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for EagleBank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.914% 2.875% 0.50 $1,250 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info

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

Branches

EagleBank 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:
Fairfield,Connecticut


EagleBank Locations


Financial Details

EagleBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of EagleBank. 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
EagleBank U.S. Bank Average
3.97% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2020, EagleBank had $47,737,000 in non-current loans and $8,237,000 in owned real estate. To cover these potential losses it had $1,312,281,000 in equity and $96,336,000 in loans loss reserves. That gives it a Texas Ratio of 3.97%.

Return on Equity
EagleBank U.S. Bank Average
8.39% 7.80%

EagleBank has a Return on Equity of 8.39% versus the BestCashCow average of 7.80%. 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.

Capitalization
EagleBank U.S. Bank Average
13.14% 12.68%

EagleBank has a Capitalization of 13.14% versus the BestCashCow average of 12.68. 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.

EagleBank Balance Sheet Analysis

As of March 31, 2020, EagleBank had assets of $9,984,414,000, loans of $7,804,573,000, and deposits of $8,208,896,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 911.37 million
Interest-bearing balances $ 797.81 million
Total securities $ 841.81 million
Federal funds sold and reverse repurchase $ 28.28 million
Net loans and leases $ 7.80 billion
Loan loss allowance $ 96.34 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 8.24 million
Goodwill and other intangibles $ 104.70 million
All other assets $ 243.56 million
     Total Assets $ 8.67 billion
LIABILITIES
Total deposits $ 8.21 billion
      Interest-bearing deposits $ 6.21 billion
      Deposits held in domestic offices $ 8.21 billion
      % insured (estimated) 67.17%
Federal funds purchased and repurchase agreements $ 31.38 million
Trading liabilities N.A.
Other borrowed funds $ 350.00 million
Subordinated debt N.A.
All other liabilities $ 81.86 million
      Total Liabilities $ 8.67 billion
      Shareholders’ Equity $ 1,312.28 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 103.65 million
Total Interest Expense $ 21.17 million
Net interest income $ 82.49 million
Provision for loan and lease losses $ 14.31 million
Total non interest income $ 4.85 million
Total non interest expense $ 36.58 million
Pre-tax Net Operating Income $ 36.45 million

Bank Loan Profile?

The top three loan types in EagleBank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in Maryland, EagleBank has a significantly higher percent of Multifamily Mortgages, Construction and Development 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 5.68
Multifamily
Mortgages
10.19
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 2.17
Construction and Development Loans 18.13
Commercial Real Estate 45.94
Commercial and Industrial Loans 18.70
Farm Loans 0.00

Frequently Asked Questions About Eaglebank

Branches and Savings

Is Eaglebank FDIC insured?

Yes. It is covered under FDIC Certificate #34742.

Why does Eaglebank pay such low interest on savings accounts?

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

Why are Eaglebank CD rates not competitive?

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

Is Eaglebank a commercial bank?

Yes

Where are Eaglebank locations?

See branch locations nearby.

Is Eaglebank open on Saturdays?

Is Eaglebank open on Sundays?

What time does Eaglebank open?

What time does Eaglebank close?

Are Eaglebank ATMs Open 24/7?

Do Eaglebank ATMs accept cash deposits?

Can Eaglebank customers use other ATMs?

Do Eaglebank branches have notaries?

Will Eaglebank notarize my document?

What address for Eaglebank should I put for incoming ACH transfers?

Will the Eaglebank branch print checks?

Do Eaglebank checks expire?

Does Eaglebank require US citizenship to open account?

Can Eaglebank close my account?

Does Eaglebank Report to credit bureaus?

Does Eaglebank Use Equifax?

What is Eaglebank's ACH Routing Number?

What is Eaglebank's SWIFT code?

Products

Does Eaglebank offer mortgages?

Compare mortgage rates here.

Does Eaglebank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Eaglebank offer personal loans?

Compare personal loan rates here.

Does Eaglebank offer student loans?

Will Eaglebank cash a check?

Will Eaglebank redeem a savings bond?

Does Eaglebank cash savings bonds?

Will Eaglebank cash money orders?

Can Eaglebank issue a money order?

Does Eaglebank do currency exchange?

Background on The Bank

Who owns Eaglebank?

How long has Eaglebank been around?

Can Eaglebank transfer to other banks?

Does Eaglebank have quick pay?

Does Eaglebank accept rolled coins?

Will Eaglebank accept loose change?

Where is Eaglebank headquarters?

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