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 Elgin State Bank
Elgin State Bank
| RSSD ID 609645 | CERTIFICATE 10489 | ABA NUMBER 73909183 |
| 241 Center St |
Quarter Ended : |
2024-12-31 |
| Elgin, Iowa, 52141 |
Updated : |
2025-01-21 |
| www.elginstatebankia.com |
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| Institution Profile |
| Year Opened : |
1930 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Agricultural Specialization |
| Number of Offices : |
2 |
Number of Employees : |
6 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 29,543 |
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Total Interest Income | 1,234 |
| Total Liabilities | 28,705 |
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Total NonInterest Income | 45 |
| Total Bank Equity Capital | 838 |
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Total Interest Expense | 507 |
| Total Deposits | 28,581 |
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Total NonInterest Expense | 910 |
| Net Loans & Leases | 19,076 |
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Net Income | (143) |
| Loan Loss Allowance | 138 |
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Net Charge Offs | 25 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 1,874 |
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Total loans | 19,034 |
| Total assets for the leverage ratio | 29,591 |
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Loans secured by real estate: | 11,281 |
| Tier 1 Leverage Ratio | 5.87 |
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Commercial and industrial loans | 2,719 |
| Tier 1 Capital Ratio | 10.53 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 11.37 |
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Loans to individuals - Other | 1,243 |
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:· Elgin State Bank
