Elkhart Community Bank

Headquarters

303 South Third Street
Elkhart, IN 46516
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

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 - November 24, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - November 24, 2020

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.557% 2.500% 0.75 $1,868 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Elkhart Community Bank
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Branches

Elkhart Community 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


Elkhart Community Bank Locations


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% 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, 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% 7.80%

Elkhart Community Bank has a Return on Equity of -48.88% 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
Elkhart Community Bank U.S. Bank Average
6.22% 12.68%

Elkhart Community Bank has a Capitalization of 6.22% 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.

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, 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 $ 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.
LIABILITIES
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, 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 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.

%
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 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?

Yes

Where are Elkhart Community Bank locations?

See branch locations nearby.

Is Elkhart Community Bank open on Saturdays?

Is Elkhart Community Bank open on Sundays?

What time does Elkhart Community Bank open?

What time does Elkhart Community Bank close?

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?

Products

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?

Can Elkhart Community Bank issue a money order?

Does Elkhart Community Bank do currency exchange?

Background on The Bank

Who owns Elkhart Community Bank?

How long has Elkhart Community Bank been around?

Can Elkhart Community Bank transfer to other banks?

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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