Edison National Bank

Headquarters

13000 South Cleveland Avenue
Fort Myers, FL 33907
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

Edison National Bank is an FDIC insured institution located in Fort Myers, FL. It was founded in 1997 and has approximately $0.36 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 34489
Date Established 1997
Assets $ 356.82 million
Loans $ 137.90 million
Deposits $ 315.44 million
Capital $ 27.89 million
 

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

Deposit Rates - September 19, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 19, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Edison 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 2020

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NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Third Federal Savings and Loans
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2.990 %
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People's United Bank, N.A.
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4.000 %
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Note to Edison National Bank
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Branches

Edison 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


Edison National Bank Locations


Financial Details

Edison National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Edison 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
Edison National Bank U.S. Bank Average
0% 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, Edison National Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $27,894,000 in equity and $2,115,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Edison National Bank U.S. Bank Average
11.69% 7.80%

Edison National Bank has a Return on Equity of 11.69% 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
Edison National Bank U.S. Bank Average
7.82% 12.68%

Edison National Bank has a Capitalization of 7.82% 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.

Edison National Bank Balance Sheet Analysis

As of March 31, 2020, Edison National Bank had assets of $356,820,000, loans of $137,902,000, and deposits of $315,438,000. 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 $ 183.26 million
Interest-bearing balances $ 177.19 million
Total securities $ 23.96 million
Federal funds sold and reverse repurchase $ 0.62 million
Net loans and leases $ 137.90 million
Loan loss allowance $ 2.12 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 $ 7.54 million
     Total Assets $ 328.93 million
LIABILITIES
Total deposits $ 315.44 million
      Interest-bearing deposits $ 211.17 million
      Deposits held in domestic offices $ 315.44 million
      % insured (estimated) 67.05%
Federal funds purchased and repurchase agreements $ 11.30 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 2.19 million
      Total Liabilities $ 328.93 million
      Shareholders’ Equity $ 27.89 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.56 million
Total Interest Expense $ 0.07 million
Net interest income $ 2.49 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.22 million
Total non interest expense $ 1.94 million
Pre-tax Net Operating Income $ 0.78 million

Bank Loan Profile?

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

Compared to other banks in Florida, Edison National Bank has a significantly higher percent of 1-4 Family Residential 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 63.54
Multifamily
Mortgages
0.24
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 6.95
Construction and Development Loans 5.66
Commercial Real Estate 21.69
Commercial and Industrial Loans 5.33
Farm Loans 0.00

Frequently Asked Questions About Edison National Bank

Branches and Savings

Is Edison National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34489.

Why does Edison 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 Edison National Bank CD rates not competitive?

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

Is Edison National Bank a commercial bank?

Yes

Where are Edison National Bank locations?

See branch locations nearby.

Is Edison National Bank open on Saturdays?

Is Edison National Bank open on Sundays?

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Are Edison National Bank ATMs Open 24/7?

Do Edison National Bank ATMs accept cash deposits?

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Do Edison National Bank branches have notaries?

Will Edison National Bank notarize my document?

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

Will the Edison National Bank branch print checks?

Do Edison National Bank checks expire?

Does Edison National Bank require US citizenship to open account?

Can Edison National Bank close my account?

Does Edison National Bank Report to credit bureaus?

Does Edison National Bank Use Equifax?

What is Edison National Bank's ACH Routing Number?

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Products

Does Edison National Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Edison National Bank offer personal loans?

Compare personal loan rates here.

Does Edison National Bank offer student loans?

Will Edison National Bank cash a check?

Will Edison National Bank redeem a savings bond?

Does Edison National Bank cash savings bonds?

Will Edison National Bank cash money orders?

Can Edison National Bank issue a money order?

Does Edison National Bank do currency exchange?

Background on The Bank

Who owns Edison National Bank?

How long has Edison National Bank been around?

Can Edison National Bank transfer to other banks?

Does Edison National Bank have quick pay?

Does Edison National Bank accept rolled coins?

Will Edison National Bank accept loose change?

Where is Edison National Bank headquarters?

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