ELGIN STATE BANK
ELGIN, IOWA · FDIC Cert #10489
Capital & Safety Analysis
According to FDIC financial data, ELGIN STATE BANK holds a Tier 1 capital ratio of 11.38%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning ELGIN STATE BANK has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
ELGIN STATE BANK shows strong financial health indicators. With $29M in assets and a Health Score of 79/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
Frequently Asked Questions
ELGIN STATE BANK has a Bank Health Score of B (79/100). It holds a Tier 1 capital ratio of 11.38%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
ELGIN STATE BANK holds $29M in total assets and $28M in total deposits. It is located in ELGIN, IOWA (FDIC Certificate #10489).
ELGIN STATE BANK has a Tier 1 capital ratio of 11.38%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 0.27%, and the return on assets is -0.52%.
Yes. ELGIN STATE BANK is FDIC-insured (Certificate #10489). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.