Ericson State Bank

427 Central Avenue
Ericson, NE 68637

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 18265
Date Established 1959
Assets $0.10 billion
Loans $0.09 billion
Deposits $0.08 billion
Capital $0.01 billion

Ericson State Bank is an FDIC insured institution located in Ericson, NE. It was founded in 1959 and has approximately $0.1 billion in assets.

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

Bank Loan Profile?

The top three loan types in Ericson State Bank’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks, Ericson State 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 8.16
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 2.92
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 2.21
Commercial and Industrial Loans 10.22
Farm Loans 43.03

Deposit Rates - February 19, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.35% $2,500 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.70% $1,000 $250,000 Learn MoreShow Less
6 Mo CD
1.05% $1,000 $250,000 Learn MoreShow Less
Special: 7 Mo CD
1.05% $10,000 - Learn MoreShow Less
1.51% $1,000 $250,000 Learn MoreShow Less
Special: 14 Mo CD
1.51% $10,000 - Learn MoreShow Less
18 Mo CD
1.85% $1,000 $250,000 Learn MoreShow Less
24 Mo CD
1.90% $1,000 $250,000 Learn MoreShow Less
30 Mo CD
1.95% $1,000 $250,000 Learn MoreShow Less
36 Mo CD
2.15% $1,000 $250,000 Learn MoreShow Less
48 Mo CD
2.25% $1,000 $250,000 Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
1.51% $1,000 $250,000 Learn MoreShow Less
Special: 7 Mo FIRA
1.05% $10,000 - Learn MoreShow Less
Special: 14 Mo FIRA
1.51% $10,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.25% $2,500 - Learn MoreShow Less

Loan Rates - February 19, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Ericson State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
Rocket Mortgage
NMLS ID: 3030
4.750% 4.750% 0.00 $0 $1,305 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
Figure Home Equity Loan Plus
Figure Home Equity Loan Plus
8.000 %
N/A Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Flagstar Bank
Flagstar Bank
Intro APR
3.490 %
After Intro: 6.240 %
Intro Period: 6 months
$25,000 Learn More
More Info

Note to Ericson State Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Ericson State 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:
Seattle,Washington


Ericson State Bank Locations


Financial Details

Ericson State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ericson State 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
Ericson State Bank U.S. Bank Average
0% 7.34%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 September 30, 2018, Ericson State Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $9,621,000 in equity and $811,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Ericson State Bank U.S. Bank Average
22.03% 9.95%

Ericson State Bank has a Return on Equity of 22.03% versus the BestCashCow average of 9.95%. 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
Ericson State Bank U.S. Bank Average
9.94% 12.19%

Ericson State Bank has a Capitalization of 9.94% versus the BestCashCow average of 12.19. 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.

Ericson State Bank Balance Sheet Analysis

As of September 30, 2018, Ericson State Bank had assets of $96,820,000, loans of $85,479,000, and deposits of $82,171,000. 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

September 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.09 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.09 billion
LIABILITIES
Total deposits $0.08 billion
      Interest-bearing deposits $0.08 billion
      Deposits held in domestic offices $0.08 billion
      % insured (estimated) 94.98%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.09 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

September 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Ericson State Bank

Branches and Savings

Is Ericson State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18265.

Why does Ericson State Bank pay such low interest on savings accounts?

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

Why are Ericson State Bank CD rates not competitive?

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

Is Ericson State Bank a commercial bank?

Yes

Where are Ericson State Bank locations?

See branch locations nearby.

Is Ericson State Bank open on Saturdays?

Is Ericson State Bank open on Sundays?

What time does Ericson State Bank open?

What time does Ericson State Bank close?

Are Ericson State Bank ATMs Open 24/7?

Do Ericson State Bank ATMs accept cash deposits?

Can Ericson State Bank customers use other ATMs?

Do Ericson State Bank branches have notaries?

Will Ericson State Bank notarize my document?

What address for Ericson State Bank should I put for incoming ACH transfers?

Will the Ericson State Bank branch print checks?

Do Ericson State Bank checks expire?

Does Ericson State Bank require US citizenship to open account?

Can Ericson State Bank close my account?

Does Ericson State Bank Report to credit bureaus?

Does Ericson State Bank Use Equifax?

What is Ericson State Bank's ACH Routing Number?

What is Ericson State Bank's SWIFT code?

Products

Does Ericson State Bank offer mortgages?

Compare mortgage rates here.

Does Ericson State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Ericson State Bank offer personal loans?

Compare personal loan rates here.

Does Ericson State Bank offer student loans?

Will Ericson State Bank cash a check?

Will Ericson State Bank redeem a savings bond?

Does Ericson State Bank cash savings bonds?

Will Ericson State Bank cash money orders?

Can Ericson State Bank issue a money order?

Does Ericson State Bank do currency exchange?

Background on The Bank

Who owns Ericson State Bank?

How long has Ericson State Bank been around?

Can Ericson State Bank transfer to other banks?

Does Ericson State Bank have quick pay?

Does Ericson State Bank accept rolled coins?

Will Ericson State Bank accept loose change?

Where is Ericson State Bank headquarters?

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*All images, logos and public notes on this page appear courtesy of Ericson State Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.