Banco do Brasil Americas

Headquarters

1221 Brickell Avenue, Suite 2200
Miami, FL 33131
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD 0.55% 0.85% →
2-Year CD 0.55% 0.95% →
5-Year CD 0.60% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Banco do Brasil Americas is an FDIC insured institution located in Miami, FL. It was founded in 1986 and has approximately $0.66 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 26725
Date Established 1986
Assets $ 657.86 million
Loans $ 486.21 million
Deposits $ 575.63 million
Capital $ 75.39 million
 

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

Deposit Rates - December 3, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $2,500 $2,999 Learn More
Money Market
0.35% $10,000 $14,999 Learn More
Money Market
0.35% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
36 Mo CD
0.40% $10,000 $14,999 Learn More
36 Mo CD
0.60% $100,000 $199,999 Learn More
48 Mo CD
0.40% $10,000 $14,999 Learn More
48 Mo CD
0.60% $100,000 $199,999 Learn More
60 Mo CD
0.60% $10,000 $14,999 Learn More
60 Mo CD
0.60% $100,000 $199,999 Learn More

 

Loan Rates - December 3, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Banco do Brasil Americas

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
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.683% 2.625% 0.63 $1,908 $1,005 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.556% 2.500% 0.75 $1,852 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Banco do Brasil Americas
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Banco do Brasil Americas 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


Banco do Brasil Americas Locations


Financial Details

Banco do Brasil Americas Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Banco do Brasil Americas. 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
Banco do Brasil Americas U.S. Bank Average
6.85% 6.94%

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 March 31, 2020, Banco do Brasil Americas had $635,000 in non-current loans and $4,890,000 in owned real estate. To cover these potential losses it had $75,385,000 in equity and $5,238,000 in loans loss reserves. That gives it a Texas Ratio of 6.85%.

Return on Equity
Banco do Brasil Americas U.S. Bank Average
6.96% 7.80%

Banco do Brasil Americas has a Return on Equity of 6.96% versus the BestCashCow average of 7.80%. 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
Banco do Brasil Americas U.S. Bank Average
11.46% 12.68%

Banco do Brasil Americas has a Capitalization of 11.46% versus the BestCashCow average of 12.68. 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.

Banco do Brasil Americas Balance Sheet Analysis

As of March 31, 2020, Banco do Brasil Americas had assets of $657,861,000, loans of $486,207,000, and deposits of $575,630,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 115.65 million
Interest-bearing balances $ 108.02 million
Total securities $ 26.49 million
Federal funds sold and reverse repurchase $ 2.60 million
Net loans and leases $ 486.21 million
Loan loss allowance $ 5.24 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.89 million
Goodwill and other intangibles $ 10.49 million
All other assets $ 10.19 million
     Total Assets $ 582.48 million
LIABILITIES
Total deposits $ 575.63 million
      Interest-bearing deposits $ 373.62 million
      Deposits held in domestic offices $ 575.63 million
      % insured (estimated) 79.39%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 3.83 million
Subordinated debt N.A.
All other liabilities $ 3.01 million
      Total Liabilities $ 582.48 million
      Shareholders’ Equity $ 75.39 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 6.59 million
Total Interest Expense $ 1.30 million
Net interest income $ 5.29 million
Provision for loan and lease losses $ 0.34 million
Total non interest income $ 1.75 million
Total non interest expense $ 5.10 million
Pre-tax Net Operating Income $ 1.60 million

Bank Loan Profile?

The top three loan types in Banco do Brasil Americas’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Florida, Banco do Brasil Americas has a significantly higher percent of 1-4 Family Residential Loans 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 67.44
Multifamily
Mortgages
1.74
Credit Card Loans 0.80
Consumer Auto Loans 0.31
Small Business Loans 0.00
Construction and Development Loans 1.26
Commercial Real Estate 27.03
Commercial and Industrial Loans 2.35
Farm Loans 0.00

Frequently Asked Questions About Banco Do Brasil Americas

Branches and Savings

Is Banco Do Brasil Americas FDIC insured?

Yes. It is covered under FDIC Certificate #26725.

Why does Banco Do Brasil Americas pay such low interest on savings accounts?

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

Why are Banco Do Brasil Americas CD rates not competitive?

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

Is Banco Do Brasil Americas a commercial bank?

Yes

Where are Banco Do Brasil Americas locations?

See branch locations nearby.

Is Banco Do Brasil Americas open on Saturdays?

Is Banco Do Brasil Americas open on Sundays?

What time does Banco Do Brasil Americas open?

What time does Banco Do Brasil Americas close?

Are Banco Do Brasil Americas ATMs Open 24/7?

Do Banco Do Brasil Americas ATMs accept cash deposits?

Can Banco Do Brasil Americas customers use other ATMs?

Do Banco Do Brasil Americas branches have notaries?

Will Banco Do Brasil Americas notarize my document?

What address for Banco Do Brasil Americas should I put for incoming ACH transfers?

Will the Banco Do Brasil Americas branch print checks?

Do Banco Do Brasil Americas checks expire?

Does Banco Do Brasil Americas require US citizenship to open account?

Can Banco Do Brasil Americas close my account?

Does Banco Do Brasil Americas Report to credit bureaus?

Does Banco Do Brasil Americas Use Equifax?

What is Banco Do Brasil Americas's ACH Routing Number?

What is Banco Do Brasil Americas's SWIFT code?

Products

Does Banco Do Brasil Americas offer mortgages?

Compare mortgage rates here.

Does Banco Do Brasil Americas offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Banco Do Brasil Americas offer personal loans?

Compare personal loan rates here.

Does Banco Do Brasil Americas offer student loans?

Will Banco Do Brasil Americas cash a check?

Will Banco Do Brasil Americas redeem a savings bond?

Does Banco Do Brasil Americas cash savings bonds?

Will Banco Do Brasil Americas cash money orders?

Can Banco Do Brasil Americas issue a money order?

Does Banco Do Brasil Americas do currency exchange?

Background on The Bank

Who owns Banco Do Brasil Americas?

How long has Banco Do Brasil Americas been around?

Can Banco Do Brasil Americas transfer to other banks?

Does Banco Do Brasil Americas have quick pay?

Does Banco Do Brasil Americas accept rolled coins?

Will Banco Do Brasil Americas accept loose change?

Where is Banco Do Brasil Americas headquarters?

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