Amerasia Bank

Headquarters

41-06 Main Street
Flushing, NY 11355
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.30% 1.40% →
1-Year CD 0.56% 1.15% →
2-Year CD 0.76% 1.26% →
5-Year CD 1.17% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Amerasia Bank is an FDIC insured institution located in Flushing, NY. It was founded in 1988 and has approximately $0.69 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 27267
Date Established 1988
Assets $ 691.92 million
Loans $ 603.99 million
Deposits $ 589.70 million
Capital $ 83.39 million
 

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

Deposit Rates - July 2, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.30% $2,500 $4,999 Learn More
Money Market
0.51% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.30% $10,000 $14,999 Learn More
3 Mo CD
0.30% $100,000 $199,999 Learn More
6 Mo CD
0.41% $10,000 $14,999 Learn More
6 Mo CD
0.41% $100,000 $199,999 Learn More
12 Mo CD
0.56% $10,000 $14,999 Learn More
12 Mo CD
0.56% $100,000 $199,999 Learn More
18 Mo CD
0.66% $10,000 $14,999 Learn More
18 Mo CD
0.66% $100,000 $199,999 Learn More
24 Mo CD
0.76% $10,000 $14,999 Learn More
24 Mo CD
0.76% $100,000 $199,999 Learn More
60 Mo CD
1.17% $10,000 $14,999 Learn More
60 Mo CD
1.17% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.56% $1,000 $9,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.20% $1,000 - Learn MoreShow Less
Int Ckg
0.20% $2,500 $3,499 Learn MoreShow Less

Loan Rates - July 2, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Amerasia Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to Amerasia Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Amerasia 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:
Fairfield,Connecticut


Amerasia Bank Locations


Financial Details

Amerasia Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Amerasia 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
Amerasia Bank U.S. Bank Average
0% 6.51%

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, 2019, Amerasia Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $83,390,000 in equity and $5,103,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Amerasia Bank U.S. Bank Average
17.21% 9.41%

Amerasia Bank has a Return on Equity of 17.21% versus the BestCashCow average of 9.41%. 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
Amerasia Bank U.S. Bank Average
12.05% 12.82%

Amerasia Bank has a Capitalization of 12.05% versus the BestCashCow average of 12.82. 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.

Amerasia Bank Balance Sheet Analysis

As of December 31, 2019, Amerasia Bank had assets of $691,915,000, loans of $603,992,000, and deposits of $589,703,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 68.20 million
Interest-bearing balances $ 59.84 million
Total securities $ 3.26 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 603.99 million
Loan loss allowance $ 5.10 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 5.97 million
     Total Assets $ 608.53 million
LIABILITIES
Total deposits $ 589.70 million
      Interest-bearing deposits $ 481.78 million
      Deposits held in domestic offices $ 589.70 million
      % insured (estimated) 80.39%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 13.10 million
Subordinated debt N.A.
All other liabilities $ 5.72 million
      Total Liabilities $ 608.53 million
      Shareholders’ Equity $ 83.39 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 38.57 million
Total Interest Expense $ 8.92 million
Net interest income $ 29.65 million
Provision for loan and lease losses $ 0.41 million
Total non interest income $ 1.21 million
Total non interest expense $ 12.16 million
Pre-tax Net Operating Income $ 18.30 million

Bank Loan Profile?

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

Compared to other banks in New York, Amerasia Bank has a significantly higher percent of 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 21.98
Multifamily
Mortgages
18.50
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 10.66
Construction and Development Loans 3.81
Commercial Real Estate 52.24
Commercial and Industrial Loans 2.04
Farm Loans 0.00

Frequently Asked Questions About Amerasia Bank

Branches and Savings

Is Amerasia Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27267.

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

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

Why are Amerasia Bank CD rates not competitive?

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

Is Amerasia Bank a commercial bank?

Yes

Where are Amerasia Bank locations?

See branch locations nearby.

Is Amerasia Bank open on Saturdays?

Is Amerasia Bank open on Sundays?

What time does Amerasia Bank open?

What time does Amerasia Bank close?

Are Amerasia Bank ATMs Open 24/7?

Do Amerasia Bank ATMs accept cash deposits?

Can Amerasia Bank customers use other ATMs?

Do Amerasia Bank branches have notaries?

Will Amerasia Bank notarize my document?

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

Will the Amerasia Bank branch print checks?

Do Amerasia Bank checks expire?

Does Amerasia Bank require US citizenship to open account?

Can Amerasia Bank close my account?

Does Amerasia Bank Report to credit bureaus?

Does Amerasia Bank Use Equifax?

What is Amerasia Bank's ACH Routing Number?

What is Amerasia Bank's SWIFT code?

Products

Does Amerasia Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Amerasia Bank offer personal loans?

Compare personal loan rates here.

Does Amerasia Bank offer student loans?

Will Amerasia Bank cash a check?

Will Amerasia Bank redeem a savings bond?

Does Amerasia Bank cash savings bonds?

Will Amerasia Bank cash money orders?

Can Amerasia Bank issue a money order?

Does Amerasia Bank do currency exchange?

Background on The Bank

Who owns Amerasia Bank?

How long has Amerasia Bank been around?

Can Amerasia Bank transfer to other banks?

Does Amerasia Bank have quick pay?

Does Amerasia Bank accept rolled coins?

Will Amerasia Bank accept loose change?

Where is Amerasia Bank headquarters?

Customer Reviews for Amerasia Bank


  • March 12, 2018 |

    CDs 13 Month Rates

    amerasia bank told me that 2.33 % for 13 months is not true

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