Edens Bank

Headquarters

3245 West Lake Avenue
Wilmette, IL 60091
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Edens Bank is an FDIC insured institution located in Wilmette, IL. It was founded in 1971 and has approximately $0.25 billion in assets.

FDIC Insured Yes
FDIC Certificate # 20435
Date Established 1971
Assets $ 249.17 million
Loans $ 188.09 million
Deposits $ 225.00 million
Capital $ 23.48 million
 

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

Deposit Rates - November 29, 2020

Your Current Location: Connecticut, CT 06828

 

Loan Rates - November 29, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Edens 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 2020

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Payment
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AmeriSave Mortgage Corporation
NMLS ID: 1168
2.687% 2.625% 0.63 $2,015 $1,005 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.557% 2.500% 0.75 $1,880 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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People's United Bank, N.A.
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4.000 %
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Third Federal Savings and Loans
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2.240 %
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Note to Edens Bank
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Branches

Edens 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


Edens Bank Locations


Financial Details

Edens Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Edens 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
Edens Bank U.S. Bank Average
80.35% 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, Edens Bank had $21,718,000 in non-current loans and $1,623,000 in owned real estate. To cover these potential losses it had $23,475,000 in equity and $5,574,000 in loans loss reserves. That gives it a Texas Ratio of 80.35%.

Return on Equity
Edens Bank U.S. Bank Average
-13.52% 7.80%

Edens Bank has a Return on Equity of -13.52% 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
Edens Bank U.S. Bank Average
9.42% 12.68%

Edens Bank has a Capitalization of 9.42% 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.

Edens Bank Balance Sheet Analysis

As of December 31, 2010, Edens Bank had assets of $249,172,000, loans of $188,085,000, and deposits of $225,003,000. 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 $ 188.09 million
Loan loss allowance $ 5.57 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.62 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 225.00 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 $ 249.17 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 Edens Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Edens 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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Edens Bank

Branches and Savings

Is Edens Bank FDIC insured?

Yes. It is covered under FDIC Certificate #20435.

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

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

Why are Edens Bank CD rates not competitive?

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

Is Edens Bank a commercial bank?

Yes

Where are Edens Bank locations?

See branch locations nearby.

Is Edens Bank open on Saturdays?

Is Edens Bank open on Sundays?

What time does Edens Bank open?

What time does Edens Bank close?

Are Edens Bank ATMs Open 24/7?

Do Edens Bank ATMs accept cash deposits?

Can Edens Bank customers use other ATMs?

Do Edens Bank branches have notaries?

Will Edens Bank notarize my document?

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

Will the Edens Bank branch print checks?

Do Edens Bank checks expire?

Does Edens Bank require US citizenship to open account?

Can Edens Bank close my account?

Does Edens Bank Report to credit bureaus?

Does Edens Bank Use Equifax?

What is Edens Bank's ACH Routing Number?

What is Edens Bank's SWIFT code?

Products

Does Edens Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Edens Bank offer personal loans?

Compare personal loan rates here.

Does Edens Bank offer student loans?

Will Edens Bank cash a check?

Will Edens Bank redeem a savings bond?

Does Edens Bank cash savings bonds?

Will Edens Bank cash money orders?

Can Edens Bank issue a money order?

Does Edens Bank do currency exchange?

Background on The Bank

Who owns Edens Bank?

How long has Edens Bank been around?

Can Edens Bank transfer to other banks?

Does Edens Bank have quick pay?

Does Edens Bank accept rolled coins?

Will Edens Bank accept loose change?

Where is Edens Bank headquarters?

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