Elkton Bank & Trust Company

Headquarters

30 Public Square
Elkton, KY 42220
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

Elkton Bank & Trust Company is an FDIC insured institution located in Elkton, KY. It was founded in 1866 and has approximately $0.15 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 12162
Date Established 1866
Assets $ 146.70 million
Loans $ 55.12 million
Deposits $ 124.15 million
Capital $ 18.92 million
 

For a more detailed analysis of Elkton Bank & Trust Company'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 Elkton Bank & Trust Company

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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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 Elkton Bank & Trust Company
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Branches

Elkton Bank & Trust Company 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


Elkton Bank & Trust Company Locations


Financial Details

Elkton Bank & Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Elkton Bank & Trust Company. 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
Elkton Bank & Trust Company U.S. Bank Average
2.71% 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, Elkton Bank & Trust Company had $529,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $18,923,000 in equity and $610,000 in loans loss reserves. That gives it a Texas Ratio of 2.71%.

Return on Equity
Elkton Bank & Trust Company U.S. Bank Average
7.84% 7.80%

Elkton Bank & Trust Company has a Return on Equity of 7.84% 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
Elkton Bank & Trust Company U.S. Bank Average
12.9% 12.68%

Elkton Bank & Trust Company has a Capitalization of 12.9% 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.

Elkton Bank & Trust Company Balance Sheet Analysis

As of March 31, 2020, Elkton Bank & Trust Company had assets of $146,697,000, loans of $55,118,000, and deposits of $124,146,000. 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 $ 18.24 million
Interest-bearing balances $ 14.25 million
Total securities $ 64.70 million
Federal funds sold and reverse repurchase $ 3.66 million
Net loans and leases $ 55.12 million
Loan loss allowance $ 0.61 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 $ 2.25 million
     Total Assets $ 127.77 million
LIABILITIES
Total deposits $ 124.15 million
      Interest-bearing deposits $ 88.84 million
      Deposits held in domestic offices $ 124.15 million
      % insured (estimated) 79.25%
Federal funds purchased and repurchase agreements $ 1.83 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.80 million
      Total Liabilities $ 127.77 million
      Shareholders’ Equity $ 18.92 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.37 million
Total Interest Expense $ 0.18 million
Net interest income $ 1.19 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.17 million
Total non interest expense $ 0.91 million
Pre-tax Net Operating Income $ 0.43 million

Bank Loan Profile?

The top three loan types in Elkton Bank & Trust Company’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Kentucky, Elkton Bank & Trust Company has a significantly higher percent of Credit Card Loans, Consumer Auto Loans, Farm 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 40.84
Multifamily
Mortgages
0.62
Credit Card Loans 0.65
Consumer Auto Loans 5.10
Small Business Loans 0.00
Construction and Development Loans 3.46
Commercial Real Estate 14.76
Commercial and Industrial Loans 10.14
Farm Loans 8.63

Frequently Asked Questions About Elkton Bank & Trust Company

Branches and Savings

Is Elkton Bank & Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #12162.

Why does Elkton Bank & Trust Company pay such low interest on savings accounts?

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

Why are Elkton Bank & Trust Company CD rates not competitive?

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

Is Elkton Bank & Trust Company a commercial bank?

Yes

Where are Elkton Bank & Trust Company locations?

See branch locations nearby.

Is Elkton Bank & Trust Company open on Saturdays?

Is Elkton Bank & Trust Company open on Sundays?

What time does Elkton Bank & Trust Company open?

What time does Elkton Bank & Trust Company close?

Are Elkton Bank & Trust Company ATMs Open 24/7?

Do Elkton Bank & Trust Company ATMs accept cash deposits?

Can Elkton Bank & Trust Company customers use other ATMs?

Do Elkton Bank & Trust Company branches have notaries?

Will Elkton Bank & Trust Company notarize my document?

What address for Elkton Bank & Trust Company should I put for incoming ACH transfers?

Will the Elkton Bank & Trust Company branch print checks?

Do Elkton Bank & Trust Company checks expire?

Does Elkton Bank & Trust Company require US citizenship to open account?

Can Elkton Bank & Trust Company close my account?

Does Elkton Bank & Trust Company Report to credit bureaus?

Does Elkton Bank & Trust Company Use Equifax?

What is Elkton Bank & Trust Company's ACH Routing Number?

What is Elkton Bank & Trust Company's SWIFT code?

Products

Does Elkton Bank & Trust Company offer mortgages?

Compare mortgage rates here.

Does Elkton Bank & Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Elkton Bank & Trust Company offer personal loans?

Compare personal loan rates here.

Does Elkton Bank & Trust Company offer student loans?

Will Elkton Bank & Trust Company cash a check?

Will Elkton Bank & Trust Company redeem a savings bond?

Does Elkton Bank & Trust Company cash savings bonds?

Will Elkton Bank & Trust Company cash money orders?

Can Elkton Bank & Trust Company issue a money order?

Does Elkton Bank & Trust Company do currency exchange?

Background on The Bank

Who owns Elkton Bank & Trust Company?

How long has Elkton Bank & Trust Company been around?

Can Elkton Bank & Trust Company transfer to other banks?

Does Elkton Bank & Trust Company have quick pay?

Does Elkton Bank & Trust Company accept rolled coins?

Will Elkton Bank & Trust Company accept loose change?

Where is Elkton Bank & Trust Company headquarters?

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