ESB Bank

Headquarters

115 North Highway 44/76
Caledonia, MN 55921
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.30% 1.05% →
1-Year CD 0.50% 0.95% →
2-Year CD 0.70% 1.05% →
5-Year CD 1.00% 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

ESB Bank is an FDIC insured institution located in Caledonia, MN. It was founded in 1909 and has approximately $0.12 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 10980
Date Established 1909
Assets $ 115.15 million
Loans $ 93.56 million
Deposits $ 93.30 million
Capital $ 12.08 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.30% $2,500 $4,999 Learn More
Money Market
0.60% $2,500 $2,999 Learn More
Money Market
0.60% $10,000 $14,999 Learn More
Money Market
0.60% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.30% $10,000 $14,999 Learn More
3 Mo CD
0.30% $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
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.70% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.40% $1 $999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.80% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.25% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for ESB 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
2.815% 2.750% 0.88 $2,118 $1,021 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
2.990 %
$0 Learn More
More Info

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

Branches

ESB 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


ESB Bank Locations


Financial Details

ESB Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of ESB 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
ESB Bank U.S. Bank Average
11.26% 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, ESB Bank had $0 in non-current loans and $1,486,000 in owned real estate. To cover these potential losses it had $12,078,000 in equity and $1,122,000 in loans loss reserves. That gives it a Texas Ratio of 11.26%.

Return on Equity
ESB Bank U.S. Bank Average
20.29% 7.80%

ESB Bank has a Return on Equity of 20.29% 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
ESB Bank U.S. Bank Average
10.49% 12.68%

ESB Bank has a Capitalization of 10.49% 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.

ESB Bank Balance Sheet Analysis

As of March 31, 2020, ESB Bank had assets of $115,149,000, loans of $93,558,000, and deposits of $93,303,000. 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 $ 2.55 million
Interest-bearing balances $ 0.25 million
Total securities $ 11.14 million
Federal funds sold and reverse repurchase $ 2.86 million
Net loans and leases $ 93.56 million
Loan loss allowance $ 1.12 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.49 million
Goodwill and other intangibles $ 0.29 million
All other assets $ 1.71 million
     Total Assets $ 103.07 million
LIABILITIES
Total deposits $ 93.30 million
      Interest-bearing deposits $ 86.78 million
      Deposits held in domestic offices $ 93.30 million
      % insured (estimated) 91.78%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 9.29 million
Subordinated debt N.A.
All other liabilities $ 0.48 million
      Total Liabilities $ 103.07 million
      Shareholders’ Equity $ 12.08 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.37 million
Total Interest Expense $ 0.36 million
Net interest income $ 1.01 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.23 million
Total non interest expense $ 0.61 million
Pre-tax Net Operating Income $ 0.60 million

Bank Loan Profile?

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

Compared to other banks, ESB 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 14.51
Multifamily
Mortgages
4.91
Credit Card Loans 0.00
Consumer Auto Loans 4.15
Small Business Loans 0.00
Construction and Development Loans 1.85
Commercial Real Estate 13.04
Commercial and Industrial Loans 14.86
Farm Loans 12.14

Frequently Asked Questions About Esb Bank

Branches and Savings

Is Esb Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10980.

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

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

Why are Esb Bank CD rates not competitive?

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

Is Esb Bank a commercial bank?

Yes

Where are Esb Bank locations?

See branch locations nearby.

Is Esb Bank open on Saturdays?

Is Esb Bank open on Sundays?

What time does Esb Bank open?

What time does Esb Bank close?

Are Esb Bank ATMs Open 24/7?

Do Esb Bank ATMs accept cash deposits?

Can Esb Bank customers use other ATMs?

Do Esb Bank branches have notaries?

Will Esb Bank notarize my document?

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

Will the Esb Bank branch print checks?

Do Esb Bank checks expire?

Does Esb Bank require US citizenship to open account?

Can Esb Bank close my account?

Does Esb Bank Report to credit bureaus?

Does Esb Bank Use Equifax?

What is Esb Bank's ACH Routing Number?

What is Esb Bank's SWIFT code?

Products

Does Esb Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Esb Bank offer personal loans?

Compare personal loan rates here.

Does Esb Bank offer student loans?

Will Esb Bank cash a check?

Will Esb Bank redeem a savings bond?

Does Esb Bank cash savings bonds?

Will Esb Bank cash money orders?

Can Esb Bank issue a money order?

Does Esb Bank do currency exchange?

Background on The Bank

Who owns Esb Bank?

How long has Esb Bank been around?

Can Esb Bank transfer to other banks?

Does Esb Bank have quick pay?

Does Esb Bank accept rolled coins?

Will Esb Bank accept loose change?

Where is Esb Bank headquarters?

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