Elk State Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1896.
With assets of $123.97 Million, it operates 3 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: July 1, 2023
Satisfactory
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
July 1, 2023
Satisfactory
June 1, 2017
Satisfactory
August 1, 2011
Outstanding
June 1, 2005
Outstanding
April 1, 1999
Outstanding
August 1, 1996
Outstanding
March 1, 1994
Outstanding
April 1, 1993
Outstanding
💰 Financial Strength
Total Assets$123.97 Million
Total Deposits$92.25 Million
Equity Capital$8.12 Million
Net Income$438,000
📈 Performance
ROA0.46%
ROE7.00%
Financial Terms: ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good. ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.