Berkshire Bank Municipal Bank

Headquarters

41 State Street
Albany, NY 12207
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

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.

FDIC Insured Yes
FDIC Certificate # 58097
Date Established 2005
Assets $ 13.98 million
Loans N.A.
Deposits $ 0.05 million
Capital $ 13.94 million
 

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.

Deposit Rates - September 18, 2020

Your Current Location: Washington, WA 98109


Loan Rates - September 18, 2020

Your Current Location: Washington, WA 98109

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:




Featured - Washington 30 Year Fixed Mortgage Rates 2020

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3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
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License#: 520-CL-25944
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

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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:
Seattle,Washington


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% 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, 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% 7.80%

Berkshire Bank Municipal Bank has a Return on Equity of -4.88% 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
Berkshire Bank Municipal Bank U.S. Bank Average
99.68% 12.68%

Berkshire Bank Municipal Bank has a Capitalization of 99.68% 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.

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

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 N.A.
Loan loss allowance N.A.
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 $ 0.05 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 $ 13.98 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 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

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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