Eastern National Bank

Headquarters

9700 S Dixie Hwy
Miami, FL 33156
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Eastern National Bank is an FDIC insured institution located in Miami, FL. It was founded in 1969 and has approximately $0.34 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 20026
Date Established 1969
Assets $ 338.35 million
Loans $ 226.66 million
Deposits $ 312.57 million
Capital $ 23.65 million
 

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

Deposit Rates - September 28, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - September 28, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Eastern National Bank

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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
PADDIO
NMLS ID: 1907
2.856% 2.750%
0.38 points
$3,438 fees
$1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.465% 3.375%
0.63 points
$2,812 fees
$1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Eastern National Bank
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Branches

Eastern National Bank 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


Eastern National Bank Locations


Financial Details

Eastern National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Eastern National Bank. 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
Eastern National Bank U.S. Bank Average
9.29% 5.29%

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, 2021, Eastern National Bank had $2,632,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $23,645,000 in equity and $4,684,000 in loans loss reserves. That gives it a Texas Ratio of 9.29%.

Return on Equity
Eastern National Bank U.S. Bank Average
-3.36% 11.43%

Eastern National Bank has a Return on Equity of -3.36% versus the BestCashCow average of 11.43%. 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
Eastern National Bank U.S. Bank Average
6.99% 11.51%

Eastern National Bank has a Capitalization of 6.99% versus the BestCashCow average of 11.51. 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.

Eastern National Bank Balance Sheet Analysis

As of March 31, 2021, Eastern National Bank had assets of $338,347,000, loans of $226,663,000, and deposits of $312,574,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 55.32 million
Interest-bearing balances $ 22.86 million
Total securities $ 5.01 million
Federal funds sold and reverse repurchase $ 41.48 million
Net loans and leases $ 226.66 million
Loan loss allowance $ 4.68 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 7.57 million
     Total Assets $ 314.70 million
LIABILITIES
Total deposits $ 312.57 million
      Interest-bearing deposits $ 251.08 million
      Deposits held in domestic offices $ 312.19 million
      % insured (estimated) 76.53%
Federal funds purchased and repurchase agreements $ 0.30 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.83 million
      Total Liabilities $ 314.70 million
      Shareholders’ Equity $ 23.65 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 2.71 million
Total Interest Expense $ 0.48 million
Net interest income $ 2.23 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.42 million
Total non interest expense $ 3.31 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Eastern National Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks, Eastern National Bank’s loan portfolio does not show any specific loan specialty.

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 31.56
Multifamily
Mortgages
5.46
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 3.97
Construction and Development Loans 0.26
Commercial Real Estate 37.00
Commercial and Industrial Loans 19.91
Farm Loans 0.00

Frequently Asked Questions About Eastern National Bank

Branches and Savings

Is Eastern National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #20026.

Why does Eastern National Bank pay such low interest on savings accounts?

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

Why are Eastern National Bank CD rates not competitive?

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

Is Eastern National Bank a commercial bank?

Yes

Where are Eastern National Bank locations?

See branch locations nearby.

Is Eastern National Bank open on Saturdays?

Is Eastern National Bank open on Sundays?

What time does Eastern National Bank open?

What time does Eastern National Bank close?

Are Eastern National Bank ATMs Open 24/7?

Do Eastern National Bank ATMs accept cash deposits?

Can Eastern National Bank customers use other ATMs?

Do Eastern National Bank branches have notaries?

Will Eastern National Bank notarize my document?

What address for Eastern National Bank should I put for incoming ACH transfers?

Will the Eastern National Bank branch print checks?

Do Eastern National Bank checks expire?

Does Eastern National Bank require US citizenship to open account?

Can Eastern National Bank close my account?

Does Eastern National Bank Report to credit bureaus?

Does Eastern National Bank Use Equifax?

What is Eastern National Bank's ACH Routing Number?

What is Eastern National Bank's SWIFT code?

Products

Does Eastern National Bank offer mortgages?

Compare mortgage rates here.

Does Eastern National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Eastern National Bank offer personal loans?

Compare personal loan rates here.

Does Eastern National Bank offer student loans?

Will Eastern National Bank cash a check?

Will Eastern National Bank redeem a savings bond?

Does Eastern National Bank cash savings bonds?

Will Eastern National Bank cash money orders?

Can Eastern National Bank issue a money order?

Does Eastern National Bank do currency exchange?

Background on The Bank

Who owns Eastern National Bank?

How long has Eastern National Bank been around?

Can Eastern National Bank transfer to other banks?

Does Eastern National Bank have quick pay?

Does Eastern National Bank accept rolled coins?

Will Eastern National Bank accept loose change?

Where is Eastern National Bank headquarters?

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