Eastwood Bank

Headquarters

45 28th Street Se
Rochester, MN 55904
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Eastwood Bank is an FDIC insured institution located in Rochester, MN. It was founded in 1903 and has approximately $0.66 billion in assets.

FDIC Insured Yes
FDIC Certificate # 8208
Date Established 1903
Assets $ 669.57 million
Loans $ 401.95 million
Deposits $ 541.65 million
Capital $ 51.66 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Washington, WA 98109


Loan Rates - September 18, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Eastwood Bank

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.815% 2.750% 0.88 $2,120 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
3.500 %
$25,000 Learn More
More Info

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

Branches

Eastwood 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:
Seattle,Washington


Eastwood Bank Locations


Financial Details

Eastwood Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Eastwood 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
Eastwood Bank U.S. Bank Average
6.6% 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, Eastwood Bank had $3,255,000 in non-current loans and $492,000 in owned real estate. To cover these potential losses it had $51,663,000 in equity and $5,100,000 in loans loss reserves. That gives it a Texas Ratio of 6.6%.

Return on Equity
Eastwood Bank U.S. Bank Average
12.4% 7.80%

Eastwood Bank has a Return on Equity of 12.4% 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
Eastwood Bank U.S. Bank Average
7.72% 12.68%

Eastwood Bank has a Capitalization of 7.72% 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.

Eastwood Bank Balance Sheet Analysis

As of September 30, 2014, Eastwood Bank had assets of $656,340,000, loans of $401,945,000, and deposits of $541,645,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 401.95 million
Loan loss allowance $ 5.10 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.49 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 541.65 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 669.57 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Minnesota, Eastwood Bank has a significantly higher percent of Small Business 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 22.55
Multifamily
Mortgages
4.60
Credit Card Loans 0.53
Consumer Auto Loans 2.07
Small Business Loans 13.09
Construction and Development Loans 1.37
Commercial Real Estate 21.78
Commercial and Industrial Loans 8.43
Farm Loans 14.20

Frequently Asked Questions About Eastwood Bank

Branches and Savings

Is Eastwood Bank FDIC insured?

Yes. It is covered under FDIC Certificate #8208.

Why does Eastwood Bank pay such low interest on savings accounts?

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

Why are Eastwood Bank CD rates not competitive?

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

Is Eastwood Bank a commercial bank?

Yes

Where are Eastwood Bank locations?

See branch locations nearby.

Is Eastwood Bank open on Saturdays?

Is Eastwood Bank open on Sundays?

What time does Eastwood Bank open?

What time does Eastwood Bank close?

Are Eastwood Bank ATMs Open 24/7?

Do Eastwood Bank ATMs accept cash deposits?

Can Eastwood Bank customers use other ATMs?

Do Eastwood Bank branches have notaries?

Will Eastwood Bank notarize my document?

What address for Eastwood Bank should I put for incoming ACH transfers?

Will the Eastwood Bank branch print checks?

Do Eastwood Bank checks expire?

Does Eastwood Bank require US citizenship to open account?

Can Eastwood Bank close my account?

Does Eastwood Bank Report to credit bureaus?

Does Eastwood Bank Use Equifax?

What is Eastwood Bank's ACH Routing Number?

What is Eastwood Bank's SWIFT code?

Products

Does Eastwood Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Eastwood Bank offer personal loans?

Compare personal loan rates here.

Does Eastwood Bank offer student loans?

Will Eastwood Bank cash a check?

Will Eastwood Bank redeem a savings bond?

Does Eastwood Bank cash savings bonds?

Will Eastwood Bank cash money orders?

Can Eastwood Bank issue a money order?

Does Eastwood Bank do currency exchange?

Background on The Bank

Who owns Eastwood Bank?

How long has Eastwood Bank been around?

Can Eastwood Bank transfer to other banks?

Does Eastwood Bank have quick pay?

Does Eastwood Bank accept rolled coins?

Will Eastwood Bank accept loose change?

Where is Eastwood Bank headquarters?

Customer Reviews for Eastwood Bank

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

Add Your Review

Rate it here →