Elkhart Community Bank


303 South Third Street
Elkhart, IN 46516
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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

Elkhart Community Bank is an FDIC insured institution located in Elkhart, IN. It was founded in 1999 and has approximately $0.09 billion in assets.

FDIC Insured Yes
FDIC Certificate # 35270
Date Established 1999
Assets $ 94.17 million
Loans $ 69.12 million
Deposits $ 86.86 million
Capital $ 5.86 million

For a more detailed analysis of Elkhart Community 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 Elkhart Community 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
Learn More
NMLS ID: 1907
2.856% 2.750%
0.38 points
$3,438 fees
$1,021 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.494% 3.375%
1.00 points
$3,750 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
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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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BMO Harris Bank
BMO Harris Bank
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Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Note to Elkhart Community Bank
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Financial Details

Elkhart Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Elkhart Community 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
Elkhart Community Bank U.S. Bank Average
98.4% 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, Elkhart Community Bank had $8,093,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,861,000 in equity and $2,364,000 in loans loss reserves. That gives it a Texas Ratio of 98.4%.

Return on Equity
Elkhart Community Bank U.S. Bank Average
-48.88% 11.43%

Elkhart Community Bank has a Return on Equity of -48.88% 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.

Elkhart Community Bank U.S. Bank Average
6.22% 11.51%

Elkhart Community Bank has a Capitalization of 6.22% 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.

Elkhart Community Bank Balance Sheet Analysis

As of November 30, -0001, Elkhart Community Bank had assets of $94,167,000, loans of $69,119,000, and deposits of $86,860,000. 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
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 $ 69.12 million
Loan loss allowance $ 2.36 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 N.A.
     Total Assets N.A.
Total deposits $ 86.86 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 $ 94.17 million

Summary Income Statement

March 31, 2021
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 Elkhart Community Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Elkhart Community 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 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 Elkhart Community Bank

Branches and Savings

Is Elkhart Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35270.

Why does Elkhart Community Bank pay such low interest on savings accounts?

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

Why are Elkhart Community Bank CD rates not competitive?

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

Is Elkhart Community Bank a commercial bank?


Where are Elkhart Community Bank locations?

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Is Elkhart Community Bank open on Saturdays?

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Are Elkhart Community Bank ATMs Open 24/7?

Do Elkhart Community Bank ATMs accept cash deposits?

Can Elkhart Community Bank customers use other ATMs?

Do Elkhart Community Bank branches have notaries?

Will Elkhart Community Bank notarize my document?

What address for Elkhart Community Bank should I put for incoming ACH transfers?

Will the Elkhart Community Bank branch print checks?

Do Elkhart Community Bank checks expire?

Does Elkhart Community Bank require US citizenship to open account?

Can Elkhart Community Bank close my account?

Does Elkhart Community Bank Report to credit bureaus?

Does Elkhart Community Bank Use Equifax?

What is Elkhart Community Bank's ACH Routing Number?

What is Elkhart Community Bank's SWIFT code?


Does Elkhart Community Bank offer mortgages?

Compare mortgage rates here.

Does Elkhart Community Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Elkhart Community Bank offer personal loans?

Compare personal loan rates here.

Does Elkhart Community Bank offer student loans?

Will Elkhart Community Bank cash a check?

Will Elkhart Community Bank redeem a savings bond?

Does Elkhart Community Bank cash savings bonds?

Will Elkhart Community Bank cash money orders?

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Background on The Bank

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How long has Elkhart Community Bank been around?

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Does Elkhart Community Bank have quick pay?

Does Elkhart Community Bank accept rolled coins?

Will Elkhart Community Bank accept loose change?

Where is Elkhart Community Bank headquarters?

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