A bank's profitability affects its long-term survivability. A bank can retain its earnings, increasing its capital cushion, or put them to work addressing problematic loans, likely making the bank more resilient in tough times. However, banks that are losing money are less able to do those things.
Elberton Federal Savings and Loan Association underperformed the average on Bankrate's test of earnings, achieving a score of 4 out of a possible 30.
One key measure of a bank's earnings is return on equity, or net income (profit, basically) divided by total equity. The most recent annualized quarterly return on equity for Elberton Federal Savings and Loan Association was 1.62 percent, below the national average of 8.10 percent.
For the twelve months ended December 31, 2017, the bank earned net income of $80,000 on total equity of $5.0 million. The bank experienced an annualized return on average assets, or ROA, of 0.34 percent, below the 1 percent deemed satisfactory in accordance with industry standards and below the average for U.S. banks of 1.00 percent.