Admirals Bank

579 Boylston Street
Boston, MA 02116

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27015
Date Established 1967
Assets $0.25 billion
Loans $0.18 billion
Deposits $0.20 billion
Capital $0.02 billion

Admirals Bank is an FDIC insured institution located in Boston, MA. It was founded in 1967 and has approximately $0.25 billion in assets. Customers can open an account at one of its 2 branches.

For a more detailed analysis of Admirals Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 23, 2019

Your Current Location: Virginia, VA 20146

There are currently no rates available for Admirals Bank, but see these great savings and CD rates:

Advertiser Disclosure
Checking Rates APY MIN FEE
Admirals Advantage Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - August 23, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Admirals Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

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Payment
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NMLS ID: 2890
License#: MC-3098
3.522% 3.500% 0.25 $675 $1,123 Learn More
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NMLS ID: 64446
License#: MC-5531
3.545% 3.500% 0.13 $1,424 $1,123 Learn More
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4.750% 4.750% 0.00 $0 $1,305 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.240 %
$0 Learn More
More Info

Note to Admirals Bank
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Branches

Admirals 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:
Ashburn,Virginia


Admirals Bank Locations


Financial Details

Admirals Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Admirals 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
Admirals Bank U.S. Bank Average
4.19% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 March 31, 2019, Admirals Bank had $897,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $19,452,000 in equity and $1,974,000 in loans loss reserves. That gives it a Texas Ratio of 4.19%.

Return on Equity
Admirals Bank U.S. Bank Average
-43.96% 9.47%

Admirals Bank has a Return on Equity of -43.96% versus the BestCashCow average of 9.47%. 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
Admirals Bank U.S. Bank Average
7.7% 12.49%

Admirals Bank has a Capitalization of 7.7% versus the BestCashCow average of 12.49. 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.

Admirals Bank Balance Sheet Analysis

As of March 31, 2019, Admirals Bank had assets of $252,477,000, loans of $183,868,000, and deposits of $200,253,000. 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

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.06 billion
Interest-bearing balances $0.06 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.18 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.23 billion
LIABILITIES
Total deposits $0.20 billion
      Interest-bearing deposits $0.19 billion
      Deposits held in domestic offices $0.20 billion
      % insured (estimated) 69.97%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.03 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.23 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $-0.00 billion

Bank Loan Profile?

The top three loan types in Admirals Bank’s loan portfolio are Commercial Real Estate, Multifamily Mortgages, and 1-4 Family Residential Loans.

Compared to other banks in Massachusetts, Admirals Bank has a significantly higher percent of Multifamily Mortgages, 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 12.32
Multifamily
Mortgages
27.43
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.06
Commercial Real Estate 35.92
Commercial and Industrial Loans 1.94
Farm Loans 0.00

Frequently Asked Questions About Admirals Bank

Branches and Savings

Is Admirals Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27015.

Why does Admirals Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Admirals Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Admirals Bank a commercial bank?

Yes

Where are Admirals Bank locations?

See branch locations nearby.

Is Admirals Bank open on Saturdays?

Is Admirals Bank open on Sundays?

What time does Admirals Bank open?

What time does Admirals Bank close?

Are Admirals Bank ATMs Open 24/7?

Do Admirals Bank ATMs accept cash deposits?

Can Admirals Bank customers use other ATMs?

Do Admirals Bank branches have notaries?

Will Admirals Bank notarize my document?

What address for Admirals Bank should I put for incoming ACH transfers?

Will the Admirals Bank branch print checks?

Do Admirals Bank checks expire?

Does Admirals Bank require US citizenship to open account?

Can Admirals Bank close my account?

Does Admirals Bank Report to credit bureaus?

Does Admirals Bank Use Equifax?

What is Admirals Bank's ACH Routing Number?

What is Admirals Bank's SWIFT code?

Products

Does Admirals Bank offer mortgages?

Compare mortgage rates here.

Does Admirals Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Admirals Bank offer personal loans?

Compare personal loan rates here.

Does Admirals Bank offer student loans?

Will Admirals Bank cash a check?

Will Admirals Bank redeem a savings bond?

Does Admirals Bank cash savings bonds?

Will Admirals Bank cash money orders?

Can Admirals Bank issue a money order?

Does Admirals Bank do currency exchange?

Background on The Bank

Who owns Admirals Bank?

How long has Admirals Bank been around?

Can Admirals Bank transfer to other banks?

Does Admirals Bank have quick pay?

Does Admirals Bank accept rolled coins?

Will Admirals Bank accept loose change?

Where is Admirals Bank headquarters?

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