Berkshire Bank Municipal Bank

41 State Street
Albany, NY 12207

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58097
Date Established 2005
Assets $0.01 billion
Loans $0.00 billion
Deposits $0.00 billion
Capital $0.01 billion

Berkshire Bank Municipal Bank is an FDIC insured institution located in Albany, NY. It was founded in 2005 and has approximately $0.01 billion in assets.

For a more detailed analysis of Berkshire Bank Municipal Bank'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 Berkshire Bank Municipal Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Berkshire Bank Municipal Bank’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 nan
Multifamily
Mortgages
nan
Credit Card Loans nan
Consumer Auto Loans nan
Small Business Loans nan
Construction and Development Loans nan
Commercial Real Estate nan
Commercial and Industrial Loans nan
Farm Loans nan

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Berkshire Bank Municipal Bank

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

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NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

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Third Federal Savings & Loan Assoc. of Cleveland 3.990% $238.42 Learn More
Flagstar Bank 5.490% $283.58 Learn More

Note to Berkshire Bank Municipal Bank
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Branches

Berkshire Bank Municipal 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:
Ashburn,Virginia


Berkshire Bank Municipal Bank Locations

Financial Details

Berkshire Bank Municipal Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Berkshire Bank Municipal 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
Berkshire Bank Municipal Bank U.S. Bank Average
0% 8.32%

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 September 30, 2017, Berkshire Bank Municipal Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $13,935,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Berkshire Bank Municipal Bank U.S. Bank Average
-4.88% 8.84%

Berkshire Bank Municipal Bank has a Return on Equity of -4.88% versus the BestCashCow average of 8.84%. 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
Berkshire Bank Municipal Bank U.S. Bank Average
99.68% 12.21%

Berkshire Bank Municipal Bank has a Capitalization of 99.68% versus the BestCashCow average of 12.21. 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.

Berkshire Bank Municipal Bank Balance Sheet Analysis

As of March 31, 2014, Berkshire Bank Municipal Bank had assets of $13,980,000, loans of $0, and deposits of $45,000. 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 $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.00 billion
Loan loss allowance $0.00 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 $0.00 billion
     Total Assets $0.00 billion
LIABILITIES
Total deposits $0.00 billion
      Interest-bearing deposits $0.00 billion
      Deposits held in domestic offices $0.00 billion
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.00 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

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

Frequently Asked Questions About Berkshire Bank Municipal Bank

Branches and Savings

Is Berkshire Bank Municipal Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58097.

Why does Berkshire Bank Municipal Bank pay such low interest on savings accounts?

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

Why are Berkshire Bank Municipal Bank CD rates not competitive?

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

Is Berkshire Bank Municipal Bank a commercial bank?

Yes

Where are Berkshire Bank Municipal Bank locations?

See branch locations nearby.

Is Berkshire Bank Municipal Bank open on Saturdays?

Is Berkshire Bank Municipal Bank open on Sundays?

What time does Berkshire Bank Municipal Bank open?

What time does Berkshire Bank Municipal Bank close?

Are Berkshire Bank Municipal Bank ATMs Open 24/7?

Do Berkshire Bank Municipal Bank ATMs accept cash deposits?

Can Berkshire Bank Municipal Bank customers use other ATMs?

Do Berkshire Bank Municipal Bank branches have notaries?

Will Berkshire Bank Municipal Bank notarize my document?

What address for Berkshire Bank Municipal Bank should I put for incoming ACH transfers?

Will the Berkshire Bank Municipal Bank branch print checks?

Do Berkshire Bank Municipal Bank checks expire?

Does Berkshire Bank Municipal Bank require US citizenship to open account?

Can Berkshire Bank Municipal Bank close my account?

Does Berkshire Bank Municipal Bank Report to credit bureaus?

Does Berkshire Bank Municipal Bank Use Equifax?

What is Berkshire Bank Municipal Bank's ACH Routing Number?

What is Berkshire Bank Municipal Bank's SWIFT code?

Products

Does Berkshire Bank Municipal Bank offer mortgages?

Compare mortgage rates here.

Does Berkshire Bank Municipal Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Berkshire Bank Municipal Bank offer personal loans?

Compare personal loan rates here.

Does Berkshire Bank Municipal Bank offer student loans?

Will Berkshire Bank Municipal Bank cash a check?

Will Berkshire Bank Municipal Bank redeem a savings bond?

Does Berkshire Bank Municipal Bank cash savings bonds?

Will Berkshire Bank Municipal Bank cash money orders?

Can Berkshire Bank Municipal Bank issue a money order?

Does Berkshire Bank Municipal Bank do currency exchange?

Background on The Bank

Who owns Berkshire Bank Municipal Bank?

How long has Berkshire Bank Municipal Bank been around?

Can Berkshire Bank Municipal Bank transfer to other banks?

Does Berkshire Bank Municipal Bank have quick pay?

Does Berkshire Bank Municipal Bank accept rolled coins?

Will Berkshire Bank Municipal Bank accept loose change?

Where is Berkshire Bank Municipal Bank headquarters?

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