Eureka Bank

Headquarters

3455 Forbes Ave
Pittsburgh, PA 15213
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
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

Eureka Bank is an FDIC insured institution located in Pittsburgh, PA. It was founded in 1886 and has approximately $0.15 billion in assets.

FDIC Insured Yes
FDIC Certificate # 28135
Date Established 1886
Assets $ 157.90 million
Loans $ 131.57 million
Deposits $ 132.59 million
Capital $ 21.90 million
 

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

Deposit Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Eureka Bank

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




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
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Note to Eureka Bank
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Branches

Eureka 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


Eureka Bank Locations


Financial Details

Eureka Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Eureka 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
Eureka Bank U.S. Bank Average
3.58% 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, Eureka Bank had $338,000 in non-current loans and $497,000 in owned real estate. To cover these potential losses it had $21,901,000 in equity and $1,421,000 in loans loss reserves. That gives it a Texas Ratio of 3.58%.

Return on Equity
Eureka Bank U.S. Bank Average
7.16% 7.80%

Eureka Bank has a Return on Equity of 7.16% 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
Eureka Bank U.S. Bank Average
13.87% 12.68%

Eureka Bank has a Capitalization of 13.87% 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.

Eureka Bank Balance Sheet Analysis

As of March 31, 2015, Eureka Bank had assets of $152,703,000, loans of $131,567,000, and deposits of $132,590,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 131.57 million
Loan loss allowance $ 1.42 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.50 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 132.59 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 157.90 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Pennsylvania, Eureka Bank has a significantly higher percent of Multifamily Mortgages, Small Business Loans, Commercial and Industrial 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 48.44
Multifamily
Mortgages
13.78
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 15.52
Construction and Development Loans 2.72
Commercial Real Estate 18.18
Commercial and Industrial Loans 17.59
Farm Loans 0.00

Frequently Asked Questions About Eureka Bank

Branches and Savings

Is Eureka Bank FDIC insured?

Yes. It is covered under FDIC Certificate #28135.

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

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

Why are Eureka Bank CD rates not competitive?

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

Is Eureka Bank a commercial bank?

Yes

Where are Eureka Bank locations?

See branch locations nearby.

Is Eureka Bank open on Saturdays?

Is Eureka Bank open on Sundays?

What time does Eureka Bank open?

What time does Eureka Bank close?

Are Eureka Bank ATMs Open 24/7?

Do Eureka Bank ATMs accept cash deposits?

Can Eureka Bank customers use other ATMs?

Do Eureka Bank branches have notaries?

Will Eureka Bank notarize my document?

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

Will the Eureka Bank branch print checks?

Do Eureka Bank checks expire?

Does Eureka Bank require US citizenship to open account?

Can Eureka Bank close my account?

Does Eureka Bank Report to credit bureaus?

Does Eureka Bank Use Equifax?

What is Eureka Bank's ACH Routing Number?

What is Eureka Bank's SWIFT code?

Products

Does Eureka Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Eureka Bank offer personal loans?

Compare personal loan rates here.

Does Eureka Bank offer student loans?

Will Eureka Bank cash a check?

Will Eureka Bank redeem a savings bond?

Does Eureka Bank cash savings bonds?

Will Eureka Bank cash money orders?

Can Eureka Bank issue a money order?

Does Eureka Bank do currency exchange?

Background on The Bank

Who owns Eureka Bank?

How long has Eureka Bank been around?

Can Eureka Bank transfer to other banks?

Does Eureka Bank have quick pay?

Does Eureka Bank accept rolled coins?

Will Eureka Bank accept loose change?

Where is Eureka Bank headquarters?

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