Eureka Homestead


1922 Veterans Boulevard
Metairie, LA 70005
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Eureka Homestead is an FDIC insured institution located in Metairie, LA. It was founded in 1884 and has approximately $0.1 billion in assets.

FDIC Insured Yes
FDIC Certificate # 29268
Date Established 1884
Assets $ 102.00 million
Loans $ 77.95 million
Deposits $ 62.64 million
Capital $ 19.27 million

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

Deposit Rates - September 19, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - September 19, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Eureka Homestead

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 2021

Lender APR Rate (%) Monthly
Learn More
CIT Bank
NMLS ID: 541760
2.824% 2.750%
1.00 points
$2,410 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Eureka Homestead
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Financial Details

Eureka Homestead Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Eureka Homestead. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Eureka Homestead U.S. Bank Average
0% 5.29%

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, 2021, Eureka Homestead had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $19,269,000 in equity and $858,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Eureka Homestead U.S. Bank Average
2.92% 11.43%

Eureka Homestead has a Return on Equity of 2.92% versus the BestCashCow average of 11.43%. 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.

Eureka Homestead U.S. Bank Average
18.89% 11.51%

Eureka Homestead has a Capitalization of 18.89% versus the BestCashCow average of 11.51. 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 Homestead Balance Sheet Analysis

As of March 31, 2021, Eureka Homestead had assets of $101,999,000, loans of $77,947,000, and deposits of $62,638,000. 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, 2021
Cash & Balances due from depository institutions $ 11.34 million
Interest-bearing balances $ 10.59 million
Total securities $ 5.79 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 77.95 million
Loan loss allowance $ 0.86 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 6.28 million
     Total Assets $ 82.73 million
Total deposits $ 62.64 million
      Interest-bearing deposits $ 59.46 million
      Deposits held in domestic offices $ 62.64 million
      % insured (estimated) 94.91%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 19.45 million
Subordinated debt N.A.
All other liabilities $ 0.64 million
      Total Liabilities $ 82.73 million
      Shareholders’ Equity $ 19.27 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 0.75 million
Total Interest Expense $ 0.32 million
Net interest income $ 0.44 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.28 million
Total non interest expense $ 0.57 million
Pre-tax Net Operating Income $ 0.14 million

Bank Loan Profile?

The top three loan types in Eureka Homestead’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Construction and Development Loans.

Compared to other banks in Louisiana, Eureka Homestead has a significantly higher percent of 1-4 Family Residential 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 92.06
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 2.66
Commercial Real Estate 2.40
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Eureka Homestead

Branches and Savings

Is Eureka Homestead FDIC insured?

Yes. It is covered under FDIC Certificate #29268.

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

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

Why are Eureka Homestead CD rates not competitive?

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

Is Eureka Homestead a commercial bank?


Where are Eureka Homestead locations?

See branch locations nearby.

Is Eureka Homestead open on Saturdays?

Is Eureka Homestead open on Sundays?

What time does Eureka Homestead open?

What time does Eureka Homestead close?

Are Eureka Homestead ATMs Open 24/7?

Do Eureka Homestead ATMs accept cash deposits?

Can Eureka Homestead customers use other ATMs?

Do Eureka Homestead branches have notaries?

Will Eureka Homestead notarize my document?

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

Will the Eureka Homestead branch print checks?

Do Eureka Homestead checks expire?

Does Eureka Homestead require US citizenship to open account?

Can Eureka Homestead close my account?

Does Eureka Homestead Report to credit bureaus?

Does Eureka Homestead Use Equifax?

What is Eureka Homestead's ACH Routing Number?

What is Eureka Homestead's SWIFT code?


Does Eureka Homestead offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Eureka Homestead offer personal loans?

Compare personal loan rates here.

Does Eureka Homestead offer student loans?

Will Eureka Homestead cash a check?

Will Eureka Homestead redeem a savings bond?

Does Eureka Homestead cash savings bonds?

Will Eureka Homestead cash money orders?

Can Eureka Homestead issue a money order?

Does Eureka Homestead do currency exchange?

Background on The Bank

Who owns Eureka Homestead?

How long has Eureka Homestead been around?

Can Eureka Homestead transfer to other banks?

Does Eureka Homestead have quick pay?

Does Eureka Homestead accept rolled coins?

Will Eureka Homestead accept loose change?

Where is Eureka Homestead headquarters?

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