Banesco USA

150 Alhambra Circle, Suite 100
Coral Gables, FL 33134

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57815
Date Established 2006
Assets $1.07 billion
Loans $0.81 billion
Deposits $0.96 billion
Capital $0.09 billion

Banesco USA is an FDIC insured institution located in Coral Gables, FL. It was founded in 2006 and has approximately $1.07 billion in assets. Customers can open an account at one of its 7 branches.

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.

Bank Loan Profile?

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

Compared to other banks in Florida, Banesco USA has a significantly higher percent of Multifamily Mortgages 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 13.12
Multifamily
Mortgages
8.37
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 2.85
Construction and Development Loans 10.42
Commercial Real Estate 37.70
Commercial and Industrial Loans 13.18
Farm Loans 0.00

Deposit Rates - August 21, 2018

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.30% $1,000 - Learn MoreShow Less
6 Mo CD 10K
0.45% $1,000 - Learn MoreShow Less
Special: 6 Mo CD
1.85% $1,500 - Learn MoreShow Less
Savings Rates APY MIN MAX
MM Rates APY MIN MAX
MM 2.5K
0.05% $2,500 $9,999 Learn MoreShow Less
MM 10K
0.15% $10,000 $24,999 Learn MoreShow Less
MM 25K
0.25% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $1,500 $4,999 Learn MoreShow Less

Loan Rates - August 21, 2018

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
4.266% 4.250% 0.00 $475 $1,230 Learn More
Ally Bank
NMLS ID: 181005
4.550% 4.500% 0.25 $1,542 $1,267 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.325% 4.250% 0.50 $2,354 $1,230 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More
Flagstar Bank 5.740% $291.47 Learn More

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
2.33% 7.92%

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, 2018, Banesco USA had $2,400,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $93,068,000 in equity and $9,973,000 in loans loss reserves. That gives it a Texas Ratio of 2.33%.

Return on Equity
Banesco USA U.S. Bank Average
7.81% 9.35%

Banesco USA has a Return on Equity of 7.81% versus the BestCashCow average of 9.35%. 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
8.69% 12.01%

Banesco USA has a Capitalization of 8.69% versus the BestCashCow average of 12.01. 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, 2018, Banesco USA had assets of $1,071,197,000, loans of $813,549,000, and deposits of $960,342,000. 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

ASSETS
Cash & Balances due from depository institutions $0.05 billion
Interest-bearing balances $0.05 billion
Total securities $0.18 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.81 billion
Loan loss allowance $0.01 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 $0.03 billion
     Total Assets $0.98 billion
LIABILITIES
Total deposits $0.96 billion
      Interest-bearing deposits $0.62 billion
      Deposits held in domestic offices $0.87 billion
      % insured (estimated) 62.28%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.98 billion
      Shareholders’ Equity $0.09 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

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 (3)


  • pasber

    August 02, 2018 |

    Got a 2 year CD in January. Rate is 2.50%, but they never credit the interest to the account. Are they going to wait until maturity? Also, customer service is non-existent. They do not answer questions by email and say you have to call. They never notify you when they are sending a message relating to your account. I can now get a 2 year CD elsewhere at 2.95% and arethinking of dumping them. It will depend on the amount of the early withdrawal penalty.

  • buttmutch

    April 14, 2018 | | Replies 1

    CDs 36 Month Rates

    having problems opening online acct extremely frustrating

    Cary | Aug 21, 2018

    Having the same problem. It is Now say 10 and account is still not open.

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