Equitable Bank

Headquarters

113 N Locust St
Grand Island, NE 68801
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 0.95% →
1-Year CD 1.00% 1.01% →
2-Year CD 1.25% 0.95% →
5-Year CD 1.41% 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

Equitable Bank is an FDIC insured institution located in Grand Island, NE. It was founded in 1890 and has approximately $0.37 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 31485
Date Established 1890
Assets $ 367.61 million
Loans $ 318.91 million
Deposits $ 307.20 million
Capital $ 34.72 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Money Market
0.25% $2,500 $2,999 Learn More
Money Market
0.35% $10,000 $14,999 Learn More
Money Market
0.45% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.40% $10,000 $14,999 Learn More
3 Mo CD
0.40% $100,000 $199,999 Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
Special: 9 Mo CD
1.00% $5,000 - Learn More
12 Mo CD
1.00% $10,000 $14,999 Learn More
12 Mo CD
1.00% $100,000 $199,999 Learn More
18 Mo CD
1.15% $10,000 $14,999 Learn More
18 Mo CD
1.15% $100,000 $199,999 Learn More
24 Mo CD
1.25% $10,000 $14,999 Learn More
24 Mo CD
1.25% $100,000 $199,999 Learn More
36 Mo CD
1.25% $10,000 $14,999 Learn More
36 Mo CD
1.25% $100,000 $199,999 Learn More
48 Mo CD
1.30% $10,000 $14,999 Learn More
48 Mo CD
1.30% $100,000 $199,999 Learn More
60 Mo CD
1.41% $10,000 $14,999 Learn More
60 Mo CD
1.41% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 9 Mo FIRA
1.00% $5,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Equitable 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
2.569% 2.500% 0.88 $2,258 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
First Internet Bank
NMLS ID: 424182
2.565% 2.500% 0.88 $2,142 $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
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Equitable Bank
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Branches

Equitable 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


Equitable Bank Locations


Financial Details

Equitable Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Equitable 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
Equitable Bank U.S. Bank Average
4.46% 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, Equitable Bank had $1,536,000 in non-current loans and $233,000 in owned real estate. To cover these potential losses it had $34,723,000 in equity and $4,905,000 in loans loss reserves. That gives it a Texas Ratio of 4.46%.

Return on Equity
Equitable Bank U.S. Bank Average
4.09% 7.80%

Equitable Bank has a Return on Equity of 4.09% 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
Equitable Bank U.S. Bank Average
9.45% 12.68%

Equitable Bank has a Capitalization of 9.45% 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.

Equitable Bank Balance Sheet Analysis

As of March 31, 2020, Equitable Bank had assets of $367,611,000, loans of $318,909,000, and deposits of $307,202,000. 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 $ 10.90 million
Interest-bearing balances $ 5.21 million
Total securities $ 18.98 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 318.91 million
Loan loss allowance $ 4.91 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.23 million
Goodwill and other intangibles $ 2.96 million
All other assets $ 9.06 million
     Total Assets $ 332.89 million
LIABILITIES
Total deposits $ 307.20 million
      Interest-bearing deposits $ 269.18 million
      Deposits held in domestic offices $ 307.20 million
      % insured (estimated) 77.93%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 21.81 million
Subordinated debt N.A.
All other liabilities $ 3.88 million
      Total Liabilities $ 332.89 million
      Shareholders’ Equity $ 34.72 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.95 million
Total Interest Expense $ 1.12 million
Net interest income $ 2.83 million
Provision for loan and lease losses $ 0.28 million
Total non interest income $ 0.96 million
Total non interest expense $ 3.06 million
Pre-tax Net Operating Income $ 0.45 million

Bank Loan Profile?

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

Compared to other banks in Nebraska, Equitable Bank has a significantly higher percent of Multifamily Mortgages, Commercial Real Estate 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 24.51
Multifamily
Mortgages
6.55
Credit Card Loans 0.06
Consumer Auto Loans 0.88
Small Business Loans 0.00
Construction and Development Loans 4.07
Commercial Real Estate 25.30
Commercial and Industrial Loans 14.80
Farm Loans 14.71

Frequently Asked Questions About Equitable Bank

Branches and Savings

Is Equitable Bank FDIC insured?

Yes. It is covered under FDIC Certificate #31485.

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

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

Why are Equitable Bank CD rates not competitive?

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

Is Equitable Bank a commercial bank?

Yes

Where are Equitable Bank locations?

See branch locations nearby.

Is Equitable Bank open on Saturdays?

Is Equitable Bank open on Sundays?

What time does Equitable Bank open?

What time does Equitable Bank close?

Are Equitable Bank ATMs Open 24/7?

Do Equitable Bank ATMs accept cash deposits?

Can Equitable Bank customers use other ATMs?

Do Equitable Bank branches have notaries?

Will Equitable Bank notarize my document?

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

Will the Equitable Bank branch print checks?

Do Equitable Bank checks expire?

Does Equitable Bank require US citizenship to open account?

Can Equitable Bank close my account?

Does Equitable Bank Report to credit bureaus?

Does Equitable Bank Use Equifax?

What is Equitable Bank's ACH Routing Number?

What is Equitable Bank's SWIFT code?

Products

Does Equitable Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Equitable Bank offer personal loans?

Compare personal loan rates here.

Does Equitable Bank offer student loans?

Will Equitable Bank cash a check?

Will Equitable Bank redeem a savings bond?

Does Equitable Bank cash savings bonds?

Will Equitable Bank cash money orders?

Can Equitable Bank issue a money order?

Does Equitable Bank do currency exchange?

Background on The Bank

Who owns Equitable Bank?

How long has Equitable Bank been around?

Can Equitable Bank transfer to other banks?

Does Equitable Bank have quick pay?

Does Equitable Bank accept rolled coins?

Will Equitable Bank accept loose change?

Where is Equitable Bank headquarters?

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