Banesco USA

Headquarters

150 Alhambra Circle, Suite 100
Coral Gables, FL 33134
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD 0.90% 1.15% →
2-Year CD 0.65% 1.26% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Banesco USA is an FDIC insured institution located in Coral Gables, FL. It was founded in 2006 and has approximately $1.8 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 57815
Date Established 2006
Assets $ 1,804.91 million
Loans $ 1,345.69 million
Deposits $ 1,377.56 million
Capital $ 162.00 million
 

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

Deposit Rates - July 12, 2020

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
12-Month CD
0.90% $1,500 - Learn More
18 Month Online CD
0.55% $1,500 - Learn More
24 Month Online CD
0.65% $1,500 - Learn More
36 Month Online CD
0.75% $0 - Learn More


Loan Rates - July 12, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Banesco USA

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.950% 2.875% 1.00 $2,438 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

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

Branches

Banesco USA 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


Banesco USA Locations


Financial Details

Banesco USA Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Banesco USA. 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
Banesco USA U.S. Bank Average
4.39% 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, Banesco USA had $7,723,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $162,003,000 in equity and $14,007,000 in loans loss reserves. That gives it a Texas Ratio of 4.39%.

Return on Equity
Banesco USA U.S. Bank Average
5.26% 7.80%

Banesco USA has a Return on Equity of 5.26% 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
Banesco USA U.S. Bank Average
8.98% 12.68%

Banesco USA has a Capitalization of 8.98% 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.

Banesco USA Balance Sheet Analysis

As of March 31, 2020, Banesco USA had assets of $1,804,910,000, loans of $1,345,688,000, and deposits of $1,377,555,000. 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 $ 77.99 million
Interest-bearing balances $ 74.56 million
Total securities $ 311.46 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,345.69 million
Loan loss allowance $ 14.01 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.12 million
All other assets $ 66.57 million
     Total Assets $ 1,642.91 million
LIABILITIES
Total deposits $ 1,377.56 million
      Interest-bearing deposits $ 901.02 million
      Deposits held in domestic offices $ 1,249.31 million
      % insured (estimated) 60.02%
Federal funds purchased and repurchase agreements $ 0.05 million
Trading liabilities N.A.
Other borrowed funds $ 249.96 million
Subordinated debt N.A.
All other liabilities $ 15.35 million
      Total Liabilities $ 1,642.91 million
      Shareholders’ Equity $ 162.00 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 19.29 million
Total Interest Expense $ 4.93 million
Net interest income $ 14.35 million
Provision for loan and lease losses $ 2.06 million
Total non interest income $ 3.09 million
Total non interest expense $ 13.55 million
Pre-tax Net Operating Income $ 1.84 million

Bank Loan Profile?

The top three loan types in Banesco USA’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks, Banesco USA’s loan portfolio does not show any specific loan specialty.

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 24.83
Multifamily
Mortgages
6.81
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 2.59
Construction and Development Loans 5.39
Commercial Real Estate 35.39
Commercial and Industrial Loans 14.46
Farm Loans 0.00

Frequently Asked Questions About Banesco Usa

Branches and Savings

Is Banesco Usa FDIC insured?

Yes. It is covered under FDIC Certificate #57815.

Why does Banesco Usa pay such low interest on savings accounts?

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

Why are Banesco Usa CD rates not competitive?

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

Is Banesco Usa a commercial bank?

Yes

Where are Banesco Usa locations?

See branch locations nearby.

Is Banesco Usa open on Saturdays?

Is Banesco Usa open on Sundays?

What time does Banesco Usa open?

What time does Banesco Usa close?

Are Banesco Usa ATMs Open 24/7?

Do Banesco Usa ATMs accept cash deposits?

Can Banesco Usa customers use other ATMs?

Do Banesco Usa branches have notaries?

Will Banesco Usa notarize my document?

What address for Banesco Usa should I put for incoming ACH transfers?

Will the Banesco Usa branch print checks?

Do Banesco Usa checks expire?

Does Banesco Usa require US citizenship to open account?

Can Banesco Usa close my account?

Does Banesco Usa Report to credit bureaus?

Does Banesco Usa Use Equifax?

What is Banesco Usa's ACH Routing Number?

What is Banesco Usa's SWIFT code?

Products

Does Banesco Usa offer mortgages?

Compare mortgage rates here.

Does Banesco Usa offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Banesco Usa offer personal loans?

Compare personal loan rates here.

Does Banesco Usa offer student loans?

Will Banesco Usa cash a check?

Will Banesco Usa redeem a savings bond?

Does Banesco Usa cash savings bonds?

Will Banesco Usa cash money orders?

Can Banesco Usa issue a money order?

Does Banesco Usa do currency exchange?

Background on The Bank

Who owns Banesco Usa?

How long has Banesco Usa been around?

Can Banesco Usa transfer to other banks?

Does Banesco Usa have quick pay?

Does Banesco Usa accept rolled coins?

Will Banesco Usa accept loose change?

Where is Banesco Usa headquarters?

Customer Reviews for Banesco USA (8)


  • June 25, 2020 |

    Online CDs 12 Month Rates

    Nope. As with the CIT quote 1.25% APY is a bit optimistic. Banesco's site offers .90%.

  • January 09, 2020 |

    I opened a 2 year CD there 2 years ago. Now I'm trying to close it on maturity instead of having it automatically roll over into a new CD. They're giving me a hard time and wasting my time. Their website has bugs that caused me to get locked out. But I no longer need their website because I just want to close the CD on maturity and never do business with Banesco USA again. But they refuse unless I jump through their hoops. They're like a bunch of government bureaucrats whose job is to find obstacles to prevent people from doing anything without a huge waste of time.

  • June 05, 2019

    Their process for simply opening a savings account was over the top complicated and time consuming. Their process would make sense if you were trying to borrow money, but for giving them your money to hold it was unreasonable. I aborted the process with them and ended up opening an account with Comenity Bank. Their process was simple and quick, with a similarly high interest rate.

  • October 28, 2018

    Savings Rates

    used to have money market with them. zero customer service. They are good until there is a problem and then you are on you own.

  • October 04, 2018

    Savings Rates

    banesco has a lot of requirements you have to meet to get that rate

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