2024 Overview
General Bank Information
Habib American Bank is an FDIC insured institution located in New York, NY. It was founded in 1984 and has approximately $2.28 billion in assets. Customers can open an account at one of its 7 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 25093 |
| Date Established | 1984 |
| Assets | $ 2.28 billion |
| Loans | $ 1,445.19 million |
| Deposits | $ 1,918.08 million |
| Capital | $ 223.46 million |
For a more detailed analysis of Habib American Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Habib American 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: 401822 |
6.944% |
6.750% 1.00 points $6,400 fees |
$2,076 | Learn More |
NMLS ID: 447490 |
6.947% |
6.875% 0.75 points $2,342 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.476% |
7.375% 1.00 points $3,200 fees |
$2,211 | Learn More |
NMLS ID: 491986 |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Habib American Bank
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Branches
Habib American 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
Climate Policy and Initiatives
Habib American 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
Habib American Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Habib American 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
| Habib American Bank | U.S. Bank Average |
|---|---|
| 1.75% | 3.96% |
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 December 31, 2024, Habib American Bank had $4,301,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $223,455,000 in equity and $22,009,000 in loans loss reserves. That gives it a Texas Ratio of 1.75%.
Return on Equity
| Habib American Bank | U.S. Bank Average |
|---|---|
| 8.61% | 12.20% |
Habib American Bank has a Return on Equity of 8.61% versus the BestCashCow average of 12.20%. 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
| Habib American Bank | U.S. Bank Average |
|---|---|
| 9.8% | 10.76% |
Habib American Bank has a Capitalization of 9.8% versus the BestCashCow average of 10.76. 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.
Habib American Bank Balance Sheet Analysis
As of December 31, 2023, Habib American Bank had assets of $2,281,118,000, loans of $1,445,191,000, and deposits of $1,918,080,000. 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
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 464.30 million |
| Interest-bearing balances | $ 455.86 million |
| Total securities | $ 258.40 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 1,445.19 million |
| Loan loss allowance | $ 22.01 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 2.60 million |
| All other assets | $ 52.85 million |
| Total Assets | $ 2.06 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 1,918.08 million |
| Interest-bearing deposits | $ 1,597.40 million |
| Deposits held in domestic offices | $ 1,401.25 million |
| % insured (estimated) | 47.56% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 100.00 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 30.80 million |
| Total Liabilities | $ 2.06 billion |
| Shareholders’ Equity | $ 223.46 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 109.78 million |
| Total Interest Expense | $ 66.07 million |
| Net interest income | $ 43.71 million |
| Provision for loan and lease losses | $ 0.50 million |
| Total non interest income | $ 23.04 million |
| Total non interest expense | $ 39.27 million |
| Pre-tax Net Operating Income | $ 21.80 million |
Bank Loan Profile?
The top three loan types in Habib American Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.
Compared to other banks in New York, Habib American Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 | 13.49 | ✓ | ||
| Multifamily Mortgages |
7.30 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 19.89 | ✓ | ||
| Construction and Development Loans | 0.00 | ✓ | ||
| Commercial Real Estate | 63.59 | ✓ | ||
| Commercial and Industrial Loans | 2.46 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
*Should any logos, images or public notes appear on this page,they do so courtesy of Habib American Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.
Customer Reviews for Habib American Bank
Ryan
February 13, 2018
Is it legal to bring someone into the branch and shake them down and threaten them when they want to redeem their CD upon maturity (as opposed to allowing it to automatically renew)? If not, these guys and gals should be in jail. I did not enjoy my travels to the Middle East.
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AK
September 11, 2017
This bank has horrible customer service. The lady who picks up the phone doesn't hear your full question before transferring you (95% of the time) to the wrong party. When I called them another time I called them at 4:05PM and the same lady called and actually got mad at me for calling them after hours (I didn't know they close at 4PM) when she picked up my call. She shouldn't have picked up the phone then.
I know other people who have had the same horrible customer service experience. If this bank was ever mystery shopped, it would shut down! I don't know how they manage to stay open.
Is this review helpful? Yes:4 / No: 0
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