BankAsiana

Headquarters

7 Broad Avenue
Palisades Park, NJ 07650
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

BankAsiana is an FDIC insured institution located in Palisades Park, NJ. It was founded in 2007 and has approximately $0.2 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58525
Date Established 2007
Assets $ 204.49 million
Loans $ 173.06 million
Deposits $ 162.46 million
Capital $ 29.77 million
 

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

Deposit Rates - September 28, 2020

Your Current Location: Washington, WA 98109


Loan Rates - September 28, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for BankAsiana

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




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.823% 2.750% 0.50 $2,358 $1,021 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.815% 2.750% 0.88 $2,110 $1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to BankAsiana
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Branches

BankAsiana 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:
Seattle,Washington


BankAsiana Locations


Financial Details

BankAsiana Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BankAsiana. 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
BankAsiana U.S. Bank Average
5.51% 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, BankAsiana had $1,836,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $29,766,000 in equity and $3,577,000 in loans loss reserves. That gives it a Texas Ratio of 5.51%.

Return on Equity
BankAsiana U.S. Bank Average
6.07% 7.80%

BankAsiana has a Return on Equity of 6.07% 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
BankAsiana U.S. Bank Average
14.56% 12.68%

BankAsiana has a Capitalization of 14.56% 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.

BankAsiana Balance Sheet Analysis

As of September 30, 2013, BankAsiana had assets of $204,488,000, loans of $173,058,000, and deposits of $162,459,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 173.06 million
Loan loss allowance $ 3.58 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 N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 162.46 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 204.49 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in BankAsiana’s loan portfolio are Commercial Real Estate, Small Business Loans, and Commercial and Industrial Loans.

Compared to other banks in New Jersey, BankAsiana has a significantly higher percent of Small Business Loans, Commercial Real Estate, Commercial and Industrial 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 0.00
Multifamily
Mortgages
3.26
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 36.67
Construction and Development Loans 2.57
Commercial Real Estate 68.46
Commercial and Industrial Loans 28.31
Farm Loans 0.00

Frequently Asked Questions About Bankasiana

Branches and Savings

Is Bankasiana FDIC insured?

Yes. It is covered under FDIC Certificate #58525.

Why does Bankasiana pay such low interest on savings accounts?

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

Why are Bankasiana CD rates not competitive?

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

Is Bankasiana a commercial bank?

Yes

Where are Bankasiana locations?

See branch locations nearby.

Is Bankasiana open on Saturdays?

Is Bankasiana open on Sundays?

What time does Bankasiana open?

What time does Bankasiana close?

Are Bankasiana ATMs Open 24/7?

Do Bankasiana ATMs accept cash deposits?

Can Bankasiana customers use other ATMs?

Do Bankasiana branches have notaries?

Will Bankasiana notarize my document?

What address for Bankasiana should I put for incoming ACH transfers?

Will the Bankasiana branch print checks?

Do Bankasiana checks expire?

Does Bankasiana require US citizenship to open account?

Can Bankasiana close my account?

Does Bankasiana Report to credit bureaus?

Does Bankasiana Use Equifax?

What is Bankasiana's ACH Routing Number?

What is Bankasiana's SWIFT code?

Products

Does Bankasiana offer mortgages?

Compare mortgage rates here.

Does Bankasiana offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bankasiana offer personal loans?

Compare personal loan rates here.

Does Bankasiana offer student loans?

Will Bankasiana cash a check?

Will Bankasiana redeem a savings bond?

Does Bankasiana cash savings bonds?

Will Bankasiana cash money orders?

Can Bankasiana issue a money order?

Does Bankasiana do currency exchange?

Background on The Bank

Who owns Bankasiana?

How long has Bankasiana been around?

Can Bankasiana transfer to other banks?

Does Bankasiana have quick pay?

Does Bankasiana accept rolled coins?

Will Bankasiana accept loose change?

Where is Bankasiana headquarters?

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