Ericson State Bank

Headquarters

427 Central Avenue
Ericson, NE 68637
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.95% →
1-Year CD 0.50% 1.01% →
2-Year CD 0.84% 0.95% →
5-Year CD N.A. 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

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.

FDIC Insured Yes
FDIC Certificate # 18265
Date Established 1959
Assets $ 113.02 million
Loans $ 86.14 million
Deposits $ 95.16 million
Capital $ 3.72 million
 

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.

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.22% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.27% $100,000 $199,999 Learn More
12 Mo CD
0.45% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
Special: 15 Mo CD
0.80% $5,000 $24,999 Learn More
Special: 15 Mo CD
0.85% $25,000 $74,999 Learn More
Special: 15 Mo CD
0.90% $75,000 - Learn More
18 Mo CD
0.65% $10,000 $14,999 Learn More
18 Mo CD
0.69% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.84% $100,000 $199,999 Learn More
30 Mo CD
0.90% $10,000 $14,999 Learn More
30 Mo CD
0.93% $100,000 $199,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.05% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 15 Mo FIRA
0.80% $5,000 $24,999 Learn MoreShow Less
Special: 15 Mo FIRA
0.85% $25,000 $74,999 Learn MoreShow Less
Special: 15 Mo FIRA
0.90% $75,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98101

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Ericson State Bank
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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
90.13% 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, Ericson State Bank had $6,172,000 in non-current loans and $50,000 in owned real estate. To cover these potential losses it had $3,718,000 in equity and $3,185,000 in loans loss reserves. That gives it a Texas Ratio of 90.13%.

Return on Equity
Ericson State Bank U.S. Bank Average
24.56% 7.80%

Ericson State Bank has a Return on Equity of 24.56% 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
Ericson State Bank U.S. Bank Average
3.29% 12.68%

Ericson State Bank has a Capitalization of 3.29% 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.

Ericson State Bank Balance Sheet Analysis

As of December 31, 2019, Ericson State Bank had assets of $100,879,000, loans of $86,140,000, and deposits of $95,159,000. 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 $ 0.48 million
Interest-bearing balances N.A.
Total securities $ 8.67 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 86.14 million
Loan loss allowance $ 3.19 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.05 million
Goodwill and other intangibles N.A.
All other assets $ 5.27 million
     Total Assets $ 97.16 million
LIABILITIES
Total deposits $ 95.16 million
      Interest-bearing deposits $ 88.48 million
      Deposits held in domestic offices $ 95.16 million
      % insured (estimated) 95.72%
Federal funds purchased and repurchase agreements $ 0.49 million
Trading liabilities N.A.
Other borrowed funds $ 1.21 million
Subordinated debt N.A.
All other liabilities $ 0.30 million
      Total Liabilities $ 97.16 million
      Shareholders’ Equity $ 15.86 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.98 million
Total Interest Expense $ 2.00 million
Net interest income $ 3.98 million
Provision for loan and lease losses $ 6.96 million
Total non interest income $ 0.14 million
Total non interest expense $ 1.69 million
Pre-tax Net Operating Income N.A.

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 in Nebraska, Ericson State Bank has a significantly higher percent of 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 3.89
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 2.70
Small Business Loans 1.10
Construction and Development Loans 0.00
Commercial Real Estate 3.84
Commercial and Industrial Loans 8.24
Farm Loans 48.75

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?

soon2bxericsonbank customer | Jan 25, 2020

They never used to but not sure now. In almost 20 years of banking with them, and NEVER a late loan payment, I was turned down and was never notified that there had been changes in the banks policies. I currently have cancer and needed a short term loan for Christmas bills etc. Now my lease on my car is up in March and they won't even consider a secured loan so I will be without a vehicle, with cancer, no way to Dr. appointments and had to go almost a week without firewood in January, 2020. This bank is no longer my bank and I will do anything I can to ruin them. Calling bank regulators this next week. What a bunch of caring people. NOT

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?

Customer Reviews for Ericson State Bank


  • January 25, 2020

    This bank has successfully ruined my current living standard. I have been a loyal customer for almost 20 years and they have given me signature loans for in excess of 12K which I paid back on time or early. Going through a tough time with cancer, I requested a 2K loan and had intended on financing my leased vehicle with them at the end of the lease term in March. They refused my request for the 2K loan and said that they would not be able to finance my leased vehicle. I am on disability from the military and both my checks were being directly deposited into my Ericson State bank account. When my husband was dying in 2014/5, they let him and his sister withdraw 25K from his account even thought I had a DURABLE power of attorney on file and he was not 'legally' allowed to withdraw any money except with my permission. The money was taken by his sister and we never saw it again. I truly hope that every bit of hell they have caused me is trebled on their new owners. Before all this happened, I would have given them 5 stars. Now I would not throw water on the building if it were on fire. I'm not a criminal but it sure makes a nice fantasy after being so ill treated during a very bad time in my life.

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