The Elberfeld State Bank

Our records indicate that this bank has been acquired by HERITAGE.

Headquarters

55 Main Street
Elberfeld, IN 47613
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Notable Rates	APY	Vs.Others
Savings	N.A.	5.50% →
1-Year CD	N.A.	4.80% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.00% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Overview
Climate
Financial Details
FAQs
Reviews

2024 Overview

General Bank Information

The Elberfeld State Bank is an FDIC insured institution located in Elberfeld, IN. It was founded in 1905 and has approximately $0.09 billion in assets. Customers can open an account at one of its 3 branches.


FDIC Insured	Yes
FDIC Certificate	# 13104
Date Established	1905
Assets	$ 86.52 million
Loans	$ 39.85 million
Deposits	$ 75.41 million
Capital	$ 10.24 million

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

Deposit Rates - November 7, 2024

Your Current Location: Ohio, OH 43085

Loan Rates - November 7, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for The Elberfeld State Bank

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

Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 1835285	6.494%	6.375% 0.75 points $4,000 fees	$1,997	Learn More
NMLS ID: 2578474	6.596%	6.500% 0.63 points $3,210 fees	$2,023	Learn More
NMLS ID: 1025894	6.993%	6.875% 1.00 points $3,852 fees	$2,103	Learn More
NMLS ID: 3030	7.313%	7.250% 0.63 points $2,000 fees	$2,183	Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 7.490 % After Intro: 7.490 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Achieve Loans See Table	Intro APR 9.250 % After Intro: 9.250 %	$0	Learn More More Info
All terms are estimates until underwriting is complete. Offer shown includes a .50% discount for automatic payment enrollment (autopay enrollment is not a condition of loan approval). 10, 15, 20, and 30-year terms available (20 and 30 year terms only available for cash out requests). All terms have a 5-year draw period with the remaining term being a no draw period. Payments are fully amortized during each period and determined on the outstanding principal balance each month. Closing fees range from $750 to $6,685, depending on line amount and state law requirements and typically include origination (2.5% of line amount) and underwriting ($725) fees if allowed by law. Property must be owner-occupied and combined loan-to-value ratio may not exceed 80%, including the new loan request. Property insurance is required and flood insurance may be required if the subject property is located in a flood zone. You must pledge your home as collateral. Offers are only valid in states where Achieve is licensed. Loans are not available to residents of all states and available loan terms and fees may vary by state where offered. Contact Achieve Loans for further details. Competitive rates, Pre-qualify in minutes Mortgage Advisors standing by to help find the best solution Flexible terms with fast funding Minimum credit score: 640

See More Home Equity Rates →

Note to The Elberfeld State Bank
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Branches

The Elberfeld 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:
Columbus,Ohio

The Elberfeld State Bank Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
The Elberfeld State Bank	266.61	A	View Lobby Hours
Haubstadt State Bank Branch	271.04	B	View Lobby Hours
Evansville State Bank Branch Divisio	273.72	C	View Lobby Hours

View Branches Nationwide →

Climate Policy and Initiatives

The Elberfeld State Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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Financial Details

The Elberfeld State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Elberfeld 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

The Elberfeld State Bank	U.S. Bank Average
9.07%	4.48%

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 June 30, 2024, The Elberfeld State Bank had $851,000 in non-current loans and $137,000 in owned real estate. To cover these potential losses it had $10,237,000 in equity and $653,000 in loans loss reserves. That gives it a Texas Ratio of 9.07%.

Return on Equity

The Elberfeld State Bank	U.S. Bank Average
7.5%	10.46%

The Elberfeld State Bank has a Return on Equity of 7.5% versus the BestCashCow average of 10.46%. 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

The Elberfeld State Bank	U.S. Bank Average
11.83%	10.84%

The Elberfeld State Bank has a Capitalization of 11.83% versus the BestCashCow average of 10.84. 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.

The Elberfeld State Bank Balance Sheet Analysis

As of June 30, 2021, The Elberfeld State Bank had assets of $86,524,000, loans of $39,846,000, and deposits of $75,407,000. 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

June 30, 2024

ASSETS
Cash & Balances due from depository institutions	$ 26.35 million
Interest-bearing balances	$ 23.23 million
Total securities	$ 14.88 million
Federal funds sold and reverse repurchase	N.A.
Net loans and leases	$ 39.85 million
Loan loss allowance	$ 0.65 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	$ 0.14 million
Goodwill and other intangibles	$ 0.21 million
All other assets	$ 2.73 million
Total Assets	$ 76.29 million

LIABILITIES
Total deposits	$ 75.41 million
Interest-bearing deposits	$ 47.05 million
Deposits held in domestic offices	$ 75.41 million
% insured (estimated)	87.97%
Federal funds purchased and repurchase agreements	N.A.
Trading liabilities	N.A.
Other borrowed funds	N.A.
Subordinated debt	N.A.
All other liabilities	$ 0.88 million
Total Liabilities	$ 76.29 million
Shareholders’ Equity	$ 10.24 million

Summary Income Statement

June 30, 2024

INCOME AND EXPENSES
Total Interest Income	$ 2.87 million
Total Interest Expense	$ 0.32 million
Net interest income	$ 2.55 million
Provision for loan and lease losses	N.A.
Total non interest income	$ 0.64 million
Total non interest expense	$ 2.25 million
Pre-tax Net Operating Income	$ 0.94 million

Bank Loan Profile^?

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

Compared to other banks in Indiana, The Elberfeld State Bank has a significantly higher percent of Small Business 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	23.60		✓
Multifamily Mortgages	0.07		✓
Credit Card Loans	0.00	✓
Consumer Auto Loans	0.90		✓
Small Business Loans	16.16			✓
Construction and Development Loans	0.42	✓
Commercial Real Estate	22.37		✓
Commercial and Industrial Loans	18.05		✓
Farm Loans	2.36		✓

Customer Reviews for The Elberfeld State Bank

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